Common use of First Lien Net Leverage Ratio Clause in Contracts

First Lien Net Leverage Ratio. Solely with respect to the Revolving Credit Facility, on the last day of any Test Period ending on or after the second full fiscal quarter ending after the Closing Date on which the Compliance Condition is then satisfied, the Parent Borrower will not permit the First Lien Net Leverage Ratio to be greater than 7.00 to 1.00.

Appears in 4 contracts

Sources: Credit Agreement (Mirion Technologies, Inc.), Credit Agreement (Mirion Technologies, Inc.), Credit Agreement (Mirion Technologies, Inc.)

First Lien Net Leverage Ratio. Solely with respect to the Revolving Credit Facility, on On the last day of any Test Period (commencing with the Test Period ending on or after March 31, 2023) the second full fiscal quarter ending after the Closing Date on which the Compliance Condition is then satisfied, the Parent Borrower will shall not permit the First Lien Net Leverage Ratio to be greater than 7.00 to 1.00exceed 5.80:1.00.

Appears in 1 contract

Sources: Credit Agreement (Cano Health, Inc.)