Common use of First Lien Net Leverage Ratio Clause in Contracts

First Lien Net Leverage Ratio. On the last day of any Test Period (commencing with the Test Period ending on the First Potential Covenant Testing Date) on which the Revolving Facility Test Condition is then satisfied (and on such date, only to the extent the Revolving Facility Test Condition is then satisfied), Intermediate Dutch Holdings shall not permit the First Lien Net Leverage Ratio to be greater than 5.40:1.00.

Appears in 3 contracts

Sources: Credit Agreement (NIQ Global Intelligence LTD), Credit Agreement (NIQ Global Intelligence LTD), Credit Agreement (NIQ Global Intelligence LTD)