Maximum Consolidated First Lien Leverage Ratio. If as of the last day of any fiscal quarter the Financial Covenant Test Condition is then applicable, permit the Consolidated First Lien Leverage Ratio, for the period of four fiscal quarters ending as of the last day of any fiscal quarter period of the Borrower, to exceed 5.25:1.00.
Maximum Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio to exceed 4.00:1.00, as determined as of the last day of each Fiscal Period.
Maximum Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio, as of the last day of any Test Period set forth in the table below, to exceed the ratio set forth opposite such Test Period in the table below: Test Period End Date Consolidated First Lien Leverage Ratio September 30, 2013 3.00 to 1.00 December 31, 2013 2.75 to 1.00 March 31, 2014 2.65 to 1.00 June 30, 2014 2.65 to 1.00 September 30, 2014 1.85 to 1.00 December 31, 2014 1.75 to 1.00 March 31, 2015 and the last day of each fiscal quarter of the Borrower thereafter 1.50 to 1.00
Maximum Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio to exceed 3.00:1.00, as determined as of the last day of each Fiscal Period. For purposes of calculating compliance with the financial covenants in this Section 7.14, the Fourth Amendment to Credit Agreement, dated as of the Fourth Amendment Effective Date, by and among the Loan Parties, the Lenders party thereto, the Administrative Agent and the Collateral Agent, and the incurrence of the initial borrowing by the Loan Parties under the Second Lien Indenture on the Fourth Amendment Effective Date shall be deemed to have occurred on March 31, 2017.
