Common use of First Lien Secured Leverage Ratio Clause in Contracts

First Lien Secured Leverage Ratio. The Borrowers shall not at any time permit the First Lien Secured Leverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to exceed the ratio set forth below for such fiscal quarter: Fiscal Quarter Ending Maximum First Lien Secured Leverage Ratio March 31, 2020 2.50:1.00 June 30, 2020 2.50:1.00 September 30, 2020 2.50:1.00 December 31, 2020 2.50:1.00 March 31, 2021 and each fiscal quarter thereafter 2.00:1.00

First Lien Secured Leverage Ratio. The Borrowers Holdings shall not at any time permit the First Lien Secured Leverage Ratio, calculated Ratio as of the end last day of each fiscal quarter for any Fiscal Quarter, beginning with the four fiscal quarters then endedFiscal Quarter ending December 31, 2009, to exceed the correlative ratio set forth below for such fiscal quarter: indicated:” “Fiscal Quarter Ending Maximum End First Lien Secured Leverage Ratio December 31, 2009 3.25:1.00 March 31, 2020 2.50:1.00 2010 3.25:1.00 June 30, 2020 2.50:1.00 2010 3.25:1.00 September 30, 2020 2.50:1.00 2010 3.25:1.00 December 31, 2020 2.50:1.00 2010 3.25:1.00 March 31, 2021 2011 3.25:1.00 June 30, 2011 3.25:1.00 September 30, 2011, and each fiscal quarter thereafter 2.00:1.003.00:1.00”

First Lien Secured Leverage Ratio. The Borrowers Holdings shall not at any time permit the First Lien Secured Leverage Ratio, calculated Ratio as of the end last day of each fiscal quarter for any Fiscal Quarter, beginning with the four fiscal quarters then endedFiscal Quarter ending December 31, 2009, to exceed the correlative ratio set forth below for such fiscal quarter: indicated:” “Fiscal Quarter Ending Maximum End First Lien Secured Leverage Ratio December 31, 2009 3.25:1.00 March 31, 2020 2.50:1.00 2010 3.25:1.00 June 30, 2020 2.50:1.00 2010 3.25:1.00 September 30, 2020 2.50:1.00 2010 3.25:1.00 December 31, 2020 2.50:1.00 2010 3.25:1.00 March 31, 2021 2011 3.25:1.00 June 30, 2011 3.25:1.00 September 30, 2011, and each fiscal quarter thereafter 2.00:1.003.00:1.00 ”

First Lien Secured Leverage Ratio. The Borrowers Holdings shall not at any time permit the First Lien Secured Leverage Ratio, calculated Ratio as of the end last day of each fiscal quarter for any Fiscal Quarter, beginning with the four fiscal quarters then endedFiscal Quarter ending December 31, 2009, to exceed the correlative ratio set forth below for such fiscal quarter: indicated:” First Lien “Fiscal Quarter Ending Maximum First Lien End Secured Leverage Ratio December 31, 2009 3.25:1.00 March 31, 2020 2.50:1.00 2010 3.25:1.00 June 30, 2020 2.50:1.00 2010 3.25:1.00 September 30, 2020 2.50:1.00 2010 3.25:1.00 December 31, 2020 2.50:1.00 2010 3.25:1.00 March 31, 2021 2011 3.25:1.00 June 30, 2011 3.25:1.00 September 30, 2011, and each fiscal quarter thereafter 2.00:1.003.00:1.00”