Common use of Leverage Ratio Clause in Contracts

Leverage Ratio. The Credit Parties will not permit the Leverage Ratio as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day of any each fiscal quarter of each fiscal year ending on (i) March 31 and December 31 to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.00 to 1.00; (ii) June 30 to be greater than 3.50 to 1.00 January 31 of each year 4.50 1.00, and (iii) September 30 to be greater than 4.00 to 1.00.

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio as of the last day of any fiscal quarter Fiscal Quarter to be greater than exceed the ratio set forth shown below opposite such fiscal quarter endlast day: April December 31, 2006 4.50 to 1 March 31, 2007 4.50 to 1 June 30, July 31 and October 31 of each year 2007 4.00 to 1 September 30, 2007 3.50 to 1.00 January 31 of each year 4.50 1 December 31, 2007 and thereafter 3.25 to 1.001

Leverage Ratio. The Credit Parties will Borrowers shall not permit the Leverage Ratio for any trailing four-quarter period measured as of the last day of any each fiscal quarter to be greater than exceed (i) 2.0 to 1.0 for the ratio set forth below opposite such fiscal quarter end: April 30period from the Effective Date through December 31, July 31 2008, (ii) 1.50 to 1.0 for the period from January 1, 2009 through December 31, 2009, (iii) 1.25 to 1.0 for the period from January 1, 2010 through December 31, 2010 and October 31 of each year 3.50 (iv) 1.0 to 1.00 January 31 of each year 4.50 to 1.001.0 thereafter.

Leverage Ratio. The Credit Parties will not permit the Leverage Ratio Borrower shall not, as of the last day of any each fiscal quarter of the Borrower ending during each of the periods specified below, permit the Leverage Ratio to be greater than the ratio set forth below opposite such fiscal quarter endthan: April September 30, July 31 and October 31 of each year 3.50 2014 March 31, 2015 6.50 to 1.00 January 31 of each year 4.50 June 30, 2015 September 30, 2016 6.25 to 1.00 December 31, 2016 September 30, 2017 5.50 to 1.00 December 31, 2017 September 30, 2018 4.75 to 1.00 December 31, 2018 All times thereafter 4.25 to 1.00

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio as of the last day of any each fiscal quarter, commencing with the quarter ending June 30, 2014, to be greater more than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year (a) 3.50 to 1.00 January 31 of for each year 4.50 fiscal quarter ending on or prior to 1.00▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) 3.25 to 1.00 for each fiscal quarter ending after March 31, 2015 but on or prior to March 31, 2016, and (c) 3.00 to 1.00 for each fiscal quarter ending after March 31, 2016.

Leverage Ratio. The Credit Parties will US Borrower shall not permit the Leverage Ratio as of the last day of any each fiscal quarter, commencing with the quarter ending September 30, 2014, to be greater more than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year (a) 3.50 to 1.00 January 31 of for each year 4.50 fiscal quarter ending on or prior to 1.00December 31, 2014, (b) 3.25 to 1.00 for each fiscal quarter ending after December 31, 2014 but on or prior to June 30, 2015, and (c) 3.00 to 1.00 for each fiscal quarter ending after June 30, 2015.

Leverage Ratio. The Credit Parties will not permit the Leverage Ratio as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite such fiscal quarter end: April 30March 31, July 31 June 30 and October 31 September 30 of each year 3.50 to 1.00 January December 31 of each year 4.50 to 1.00

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio not, as of the last day of any fiscal quarter set forth below, permit its Leverage Ratio to be greater than than: Fiscal quarter ending July 31, 2014 4.00 to 1.00 Fiscal quarter ending October 31, 2014 3.75 to 1.00 Fiscal quarter ending January 31, 2015 and the ratio set forth below opposite such last day of each fiscal quarter end: April 30, July 31 and October 31 of each year ending thereafter 3.50 to 1.00 January 31 of each year 4.50 to 1.00

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio Ratio, determined as of the last day of any each fiscal quarter of the Borrower set forth below, as applicable, to be greater than the ratio set forth below opposite such fiscal quarter endquarter, as applicable: April 30, 2026 4.00 to 1.00 July 31 31, 2026 4.00 to 1.00 October 31, 2026 and October 31 each fiscal quarter of each year the Borrower ending thereafter 3.50 to 1.00 January 31 of each year 4.50 to 1.00

Leverage Ratio. The Credit Parties Borrower will not permit the its Leverage Ratio as on an annualized basis (until the passing of four (4) full fiscal quarters after the date hereof), on the last day of any each fiscal quarter to be greater more than the ratio set forth below opposite such fiscal quarter end: April for the corresponding time. Period Ending Maximum Leverage Ratio ------------- ---------------------- June 30, July 31 2004 through September 30, 2004 3.75x December 31, 2004 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00thereafter 3.50x

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of at: (i) the last day of any Borrower's fiscal year ending on December 28, 2001, to exceed 3.00 to 1.00; (ii) the last day of the Borrower's fiscal year ending on December 27, 2002, to exceed 2.75 to 1.00; and (iii) the last day of the Borrower's fiscal year ending on December 26, 2003, and as at each fiscal quarter thereafter, to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 exceed 2.50 to 1.00.

Leverage Ratio. The Credit Parties will not permit the Leverage Ratio as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 3.75 to 1.00

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter during the periods set forth below to be greater than the ratio set forth below opposite such fiscal quarter endperiod: April Date Maximum Leverage Ratio December 31, 1999 through 6.25 : 1.00 September 30, July 31 and October 31 of each year 3.50 to 2000 December 31, 2000 through 6.00 : 1.00 January 31 of each year 4.50 to March 31, 2001 Thereafter 5.50 : 1.00

Leverage Ratio. The Credit Parties Borrower’s Agent will not permit the Leverage Ratio Ratio, as of the last day of any fiscal quarter for the four consecutive fiscal quarters ending on that date, to be greater more than (a) for the ratio set forth below opposite such fiscal quarter end: April 30period from the Closing Date to May 31, July 31 and October 31 of each year 3.50 2006, 4.25 to 1.00 January 31 of each year 4.50 1.0, or (b) for the period from the June 1, 2006 to 1.00the Term Loan Maturity Date, 4.00 to 1.0.

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter to be greater than exceed the ratio set forth below opposite with respect to such fiscal quarter endquarter: April June 30, July 31 and October 31 of each year 2016, through March 31, 2017 3.50 to 1.00 January 31 of each year 4.50 June 30, 2017, through March 31, 2018 3.25 to 1.00 June 30, 2018 and thereafter 3.00 to 1.00

Leverage Ratio. The Credit Parties Borrower’s Agent will not permit the Leverage Ratio Ratio, as of the last day of any fiscal quarter for the four consecutive fiscal quarters ending on that date, to be greater more than (a) for the ratio set forth below opposite such fiscal quarter end: April period from November 30, July 31 and October 31 of each year 3.50 2006 to 1.00 January 31 of each year 4.50 May 31, 2007, 6.50 to 1.001.0, or (b) for the period from June 1, 2007 to the Term Loan Maturity Date, 4.25 to 1.0.

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio to be greater than (a) 3.75 to 1 as of March 31, 2013 or the last day of any Fiscal Quarter ending thereafter through December 31, 2014 or (b) 3.50 to 1 as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite such fiscal quarter end: April 30Fiscal Quarter ending after December 31, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.002014.

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio as of the last day of any fiscal quarter Fiscal Quarter to be greater than exceed, (i) for the ratio set forth below opposite such fiscal quarter end: April Fiscal Quarters ending June 30, July 31 2015 and October 31 September 30, 2015, 5.00:1.00, (ii) for any Fiscal Quarter ending on or before December 31, 2016 but after September 30, 2015, 6.00:1.00, (iii) for any Fiscal Quarter ending on or before December 31, 2017 but after December 31, 2016, 5.75:1.00, and (iv) for any Fiscal Quarter ending after December 31, 2017, 5.00:1.00; provided that if Borrower or any of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00its Subsidiaries have

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day date of any fiscal quarter quarter, beginning with the period ending September 30, 2006, for the period of four consecutive fiscal quarters of the Borrower ending on such date, to be greater than exceed 4.50 to 1.00 through the ratio set forth below opposite such fiscal quarter end: April 30ending December 31, July 31 2008, and October 31 of each year 3.50 4.25 to 1.00 January 31 of each year 4.50 to 1.00thereafter.

Leverage Ratio. The Credit Parties Beginning with the fiscal quarter ending June 30, 2019, the Borrower will not permit the Leverage Ratio not, (a) as of the last day of any fiscal quarter (other than the fiscal quarter ending September 30, 2020 and the fiscal quarter ending March 31, 2021), permit its Leverage Ratio to be greater than 4.0 to 1.0, (b) as of the ratio set forth below opposite such last day of the fiscal quarter end: April ending September 30, July 31 2020, permit its Leverage Ratio to be greater than 4.75 to 1.0 and October 31 (c) as of each year 3.50 the last day of the fiscal quarter ending March 31, 2021, permit its Leverage Ratio to 1.00 January 31 of each year 4.50 be greater than 4.25 to 1.001.0.”

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of at: (i) the last day of any Borrower's fiscal year ending on December 30, 2000, to exceed 3.00 to 1.00; (ii) the last day of the Borrower's fiscal year ending on December 28, 2001, to exceed 2.75 to 1.00; and (iii) the last day of the Borrower’s fiscal year ending on January 2, 2003, and as at each fiscal quarter thereafter, to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 exceed 2.50 to 1.00.

Leverage Ratio. The Credit Parties With effect from and after August 31, 2009, Borrower will not permit the Leverage Ratio to exceed (i) 2.75 to 1.00 as of the last day of any of its fiscal quarter quarters ending prior to be greater than the ratio set forth below opposite such fiscal quarter end: April 30August 31, July 31 2007; and October 31 of each year 3.50 (ii) 2.50 to 1.00 January 31 as of each year 4.50 to 1.00the last day of any of its fiscal quarters ending on or after August 31, 2007.

Leverage Ratio. The Credit Parties will Beginning with the Fiscal Quarter ending June 30, 2017, the Borrower shall not permit the Leverage Ratio Ratio, as of the last day of any fiscal quarter Fiscal Quarter, to be greater than the ratio set forth below opposite such fiscal quarter end: April 30more than: (i) for each Fiscal Quarter ending on or before December 31, July 31 and October 31 of 2019, 3.50:1.00, and (ii) for each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00Fiscal Quarter ending thereafter, 3.25:1.00.

Leverage Ratio. The Credit Parties For the fiscal quarters ending March 31, 2002 and June 30, 2002, the Borrower will not permit the Leverage Ratio Ratio, as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite such fiscal quarter end: April 30quarter, July 31 to exceed 60.00:1.00 and October 31 of 5.00:1.00, respectively. For each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00such quarter, the Leverage Ratio will be calculated after adding back one-time charges.

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio (i) as of the last day of the first Fiscal Quarter of any Fiscal Year to be greater than 3.25 to 1.0; (ii) as of the last day of the second Fiscal Quarter of any Fiscal Year to be greater than 3.25 to 1.0; (iii) as of the last day of the third Fiscal Quarter of any Fiscal Year to be greater than 3.7 to 1.0; and (iv) as of the last day of any fiscal quarter Fiscal Year to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 3.0 to 1.00 January 31 of each year 4.50 to 1.001.0.

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio as of the last day of any each fiscal quarter, commencing with the quarter ending September 30, 2010, to be more than (a) 3.75 to 1.00 for each fiscal quarter ending on or prior to be greater than the ratio set forth below opposite such fiscal quarter end: April June 30, July 31 and October 31 of each year 2011, (b) 3.50 to 1.00 January 31 of for each year 4.50 fiscal quarter ending after June 30, 2011 but on or prior to 1.00June 30, 2012, (c) 3.25 to 1.00 for each fiscal quarter ending after June 30, 2012 but on or prior to June 30, 2013, and (d) 3.00 to 1.00 for each fiscal quarter ending after June 30, 2013.

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of on the last day of any fiscal quarter to be greater than quarter, commencing with the ratio set forth below opposite such fiscal quarter end: April 30ending December 31, July 31 and October 31 of each year 2011, to exceed (a) 3.50 to 1.00 January 31 1.00, in the case of each year 4.50 any fiscal quarter ending prior to December 31, 2013, (b) 3.25 to 1.00, in the case of any fiscal quarter ending on or after December 31, 2013 and prior to December 31, 2014, and (c) 3.00 to 1.00, in the case of any fiscal quarter ending on or after December 31, 2014.

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of on the last day of any fiscal quarter of the Borrower to be greater than exceed (a) 3.50 to 1.00, in the ratio set forth below opposite such case of any fiscal quarter end: April 30ending on or prior to December 31, July 31 2016, and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 (b) 3.25 to 1.00, in the case of any fiscal quarter ending at any time thereafter.

Leverage Ratio. The Credit Parties Borrower will not permit the its Leverage Ratio Ratio (a) as of the last day of any fiscal quarter ending on or prior to September 30, 1999 to be greater than 3.0 to 1.0 and (b) as of the ratio set forth below opposite such last day of the fiscal quarter end: April 30ending December 31, July 31 and October 31 of each year 3.50 1999 to 1.00 January 31 of each year 4.50 be greater than 2.5 to 1.001.0.

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio as of at the last day end of any fiscal quarter (a) ending March 31, 2008 through March 31, 2009, to be greater than the ratio set forth below opposite such 3.00 to 1.00, (b) ending June 30, 2009 through March 31, 2010, to be greater than 2.75 to 1.00, and (c) ending June 30, 2010 and each fiscal quarter end: April 30thereafter, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 be greater than 2.50 to 1.00.

Leverage Ratio. The Credit Parties For the fiscal quarters ending December 31, 2001, March 31, 2002 and June 30, 2002, the Borrower will not permit the Leverage Ratio Ratio, as of the last day of any fiscal quarter to be greater than the ratio set forth below opposite such fiscal quarter end: April 30quarter, July 31 to exceed 9.56:1.00, 2.86:1.00 and October 31 of 2.15:1.00, respectively. For each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00such quarter, the Leverage Ratio will be calculated after adding back one-time charges.

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio to exceed 2.50 to 1.00 as of the last day of any of its fiscal quarters, beginning with the fiscal quarter ending February 28, 2005 (and tested on the Effective Date by reference to be greater than the ratio set forth below opposite Calculation Period ending on February 28, 2005 and after giving pro forma effect to the Transactions and the borrowings made hereunder as if such fiscal quarter end: April 30transactions had occurred on February 28, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.002005).

Leverage Ratio. The Credit Parties will Borrowers shall not suffer or permit at any time the Leverage Ratio to exceed (i) 3.50 to 1.00 as of the last day of any each of the fiscal quarters ending December 31, 2021 and March 31, 2022, (ii) 3.25 to 1.00 as of the last day of each of the fiscal quarters ending June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023, and (iii) 3.00 to 1.00 as of the last day of the fiscal quarter to be greater than ending June 30, 2023 and as of the ratio set forth below opposite such last day of each fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 ending thereafter.3.00 to 1.00.

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during the applicable period set forth below, for the four consecutive fiscal quarter period ending on such date, to be greater than the that ratio set forth below opposite each such fiscal quarter endperiod: April Effective Date through and including September 30, July 31 and October 31 of each year 2006 3.50 to 1.00 October 1, 2006 through and including December 31, 2007 3.25 to 1.00 January 31 of each year 4.50 1, 2008 and thereafter 3.00 to 1.00

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio not, as of the last day of any fiscal quarter set forth below, permit its Leverage Ratio to be greater than the ratio set forth below opposite such fiscal than: Fiscal quarter end: ending April 30, 2014 4.00:1.00 Fiscal quarter ending July 31 31, 2014 3.75:1.00 Fiscal quarter ending October 31, 2014 and October 31 the last day of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00quarter ending thereafter 3.50:1.00

Leverage Ratio. The Credit Parties Borrower will not permit the its Leverage Ratio as on an annualized basis (until the passing of four (4) full fiscal quarters after the date hereof), on the last day of any each fiscal quarter to be greater more than the ratio set forth below opposite such fiscal quarter end: April for the corresponding time. Period Ending Maximum Leverage Ratio ---------------------------------------- ---------------------- June 30, July 31 2004 through September 30, 2004 3.75x December 31, 2004 and October 31 of each year 3.50 to 1.00 January 31 of each year 4.50 to 1.00thereafter 3.50x

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter of the Borrower to be greater than exceed the ratio set forth below opposite the period that includes such fiscal quarter endday: April At any time on or prior to June 30, 2008 4.75 to 1.00 From July 31 and October 31 of each year 1, 2008 through December 31, 2008 4.50 to 1.00 From January 1, 2009 through December 31, 2009 3.50 to 1.00 January 31 of each year 4.50 1, 2010 and thereafter 3.00 to 1.00

Leverage Ratio. The Credit Parties Beginning with the fiscal quarter ending June 30, 2019, the Borrower will not permit the Leverage Ratio not, (a) as of the last day of any fiscal quarter (other than the fiscal quarter ending September 30, 2020), permit its Leverage Ratio to be greater than 4.0 to 1.0 and (b) as of the ratio set forth below opposite such last day of the fiscal quarter end: April ending September 30, July 31 and October 31 of each year 3.50 2020, permit its Leverage Ratio to 1.00 January 31 of each year 4.50 be greater than 4.75 to 1.001.0.”

Leverage Ratio. The Credit Parties will Borrower shall not permit the Leverage Ratio (i) as of the last day of the first Fiscal Quarter of any Fiscal Year to be greater than 3.25 to 1.0; (ii) as of the last day of the second Fiscal Quarter of any Fiscal Year to be greater than 3.25 to 1.0; (iii) as of the last day of the third Fiscal Quarter of any Fiscal Year to be greater than 3.7 to 1.0; and (iv) as of the last day of any fiscal quarter Fiscal Year to be greater than the ratio set forth below opposite such fiscal quarter end: April 30, July 31 and October 31 of each year 3.50 3 .0 to 1.00 January 31 of each year 4.50 to 1.001.0.

Leverage Ratio. The Credit Parties Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter of the Borrower to be greater than exceed the ratio set forth below opposite the period that includes such day: Period Ratio From the end of the first full fiscal quarter end: April 30ending after the Effective Date through December 31, July 31 and October 31 of each year 2012 4.00 to 1.00 From January 1, 2013 through December 31, 2013 3.75 to 1.00 From January 1, 2014and thereafter 3.50 to 1.00 January 31 of each year 4.50 to 1.00