Common use of Maximum Consolidated Leverage Ratio Clause in Contracts

Maximum Consolidated Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March 31, 2008 4.5 to 1 June 30, 2008 4.5 to 1 September 30, 2008 3.5 to 1 December 31, 2008 3.5 to 1 March 31, 2009 3.0 to 1 June 30, 2009 3.0 to 1 September 30, 2009 3.0 to 1 December 31, 2009 3.0 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2010 2.5 to 1 June 30, 2010 2.5 to 1 September 30, 2010 2.5 to 1 December 31, 2010 2.5 to 1 March 31, 2011 1.75 to 1 June 30, 2011 1.75 to 1 September 30, 2011 1.75 to 1 December 31, 2011 1.75 to 1 March 31, 2012 0.75 to 1 June 30, 2012 0.75 to 1 September 30, 2012 0.75 to 1 December 31, 2012 0.75 to 1

Appears in 1 contract

Samples: Credit Agreement (Access Integrated Technologies Inc)

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Maximum Consolidated Leverage Ratio. The Borrower Holdings shall not have, during any Fiscal Quarter on the last day of each fiscal period set forth below, a Consolidated Leverage Ratio for the twelve consecutive Fiscal Month period ending on such day of greater than the maximum ratio set forth opposite the applicable Fiscal Quartersuch fiscal period: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March 31, 2008 4.5 to 1 June 30, 2008 4.5 to 1 September 30, 2008 3.5 to 1 December 31, 2008 3.5 to 1 FISCAL PERIOD ENDING ON OR ABOUT MAXIMUM CONSOLIDATED LEVERAGE RATIO March 31, 2009 3.0 6.10 to 1 April 30, 2009 6.10 to 1 May 31, 2009 6.10 to 1 June 30, 2009 3.0 6.10 to 1 July 31, 2009 6.10 to 1 August 31, 2009 6.10 to 1 September 30, 2009 3.0 6.10 to 1 October 31, 2009 6.00 to 1 November 30, 2009 6.00 to 1 December 31, 2009 3.0 5.90 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIESJanuary 31, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio 2010 5.90 to 1 February 28, 2010 5.90 to 1 March 31, 2010 2.5 5.90 to 1 June 30, 2010 2.5 5.50 to 1 September 30, 2010 2.5 5.35 to 1 December 31, 2010 2.5 5.25 to 1 March 31, 2011 1.75 5.05 to 1 June 30, 2011 1.75 4.75 to 1 September 30, 2011 1.75 4.65 to 1 December 31, 2011 1.75 4.55 to 1 March 31, 2012 0.75 4.50 to 1 June 30, 2012 0.75 4.35 to 1 September 30, 2012 0.75 4.25 to 1 December 31, 2012 0.75 4.00 to 11 March 31, 2013 3.85 to 1 June 30, 2013 3.70 to 1 AMENDED AND RESTATED CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC.

Appears in 1 contract

Samples: Credit Agreement (Medical Staffing Network Holdings Inc)

Maximum Consolidated Leverage Ratio. The Borrower shall not have, during as of the last day of any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable such Fiscal Quarter: Fiscal Quarter Quarter(s) Ending Maximum Consolidated Leverage Ratio December 31, 2012 4.50 to 1 March 31, 2007 17.0 2013 4.25 to 1 June 30, 2007 17.0 2013 4.00 to 1 September 30, 2007 9.5 2013 3.75 to 1 December 31, 2007 9.5 2013 3.50 to 1 March 31, 2008 4.5 2014 3.50 to 1 June 30, 2008 4.5 2014 3.25 to 1 September 30, 2008 3.5 2014 3.00 to 1 December 31, 2008 3.5 2014 2.75 to 1 March 31, 2009 3.0 2015 2.50 to 1 June 30, 2009 3.0 2015 2.25 to 1 September 30, 2009 3.0 2015 2.00 to 1 December 31, 2009 3.0 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2010 2.5 to 1 June 30, 2010 2.5 to 1 September 30, 2010 2.5 to 1 December 31, 2010 2.5 2015 2.00 to 1 March 31, 2011 2016 1.75 to 1 June 30, 2011 1.75 2016 1.50 to 1 September 30, 2011 1.75 2016 1.25 to 1 December 31, 2011 1.75 2016 1.00 to 1 March 31, 2012 2017 0.75 to 1 June 30, 2012 0.75 to 1 September 30, 2012 0.75 to 1 December 31, 2012 0.75 2017 and each Fiscal Quarter thereafter 0.50 to 1

Appears in 1 contract

Samples: Credit Agreement (Cinedigm Digital Cinema Corp.)

Maximum Consolidated Leverage Ratio. The Borrower Holdings shall not have, during any on the last day of each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable such Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO March 31, 2007 17.0 3.50 to 1 June 30, 2007 17.0 3.50 to 1 September 30, 2007 9.5 3.50 to 1 December 31, 2007 9.5 3.50 to 1 March 31, 2008 4.5 3.30 to 1 June 30, 2008 4.5 3.10 to 1 September 30, 2008 3.5 2.90 to 1 December 31, 2008 3.5 2.80 to 1 March 31, 2009 3.0 2.65 to 1 June 30, 2009 3.0 2.50 to 1 September 30, 2009 3.0 2.35 to 1 December 31, 2009 3.0 2.25 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2010 2.5 2.10 to 1 June 30, 2010 2.5 1.95 to 1 September 30, 2010 2.5 1.80 to 1 December 31, 2010 2.5 1.75 to 1 March 31, 2011 1.75 1.70 to 1 June 30, 2011 1.75 1.60 to 1 September 30, 2011 1.75 1.60 to 1 December 31, 2011 1.75 to 1 March 31, 2012 0.75 to 1 June 30, 2012 0.75 to 1 September 30, 2012 0.75 to 1 December 31, 2012 0.75 1.50 to 1

Appears in 1 contract

Samples: Credit and Term Loan Agreement (PROS Holdings, Inc.)

Maximum Consolidated Leverage Ratio. The Borrower shall not have, during any on the last day of each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable such Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO SEPTEMBER 30, 2007 17.0 to 2008 4.50 TO 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March DECEMBER 31, 2008 4.5 to 4.50 TO 1 June 30, 2008 4.5 to 1 September 30, 2008 3.5 to 1 December 31, 2008 3.5 to 1 March MARCH 31, 2009 3.0 to 4.00 TO 1 June JUNE 30, 2009 3.0 to 4.00 TO 1 September SEPTEMBER 30, 2009 3.0 to 4.00 TO 1 December DECEMBER 31, 2009 3.0 to 3.75 TO 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March MARCH 31, 2010 2.5 to 8.00 TO 1 June JUNE 30, 2010 2.5 to 7.00 TO 1 September SEPTEMBER 30, 2010 2.5 to 6.00 TO 1 December DECEMBER 31, 2010 2.5 to 5.50 TO 1 March MARCH 31, 2011 1.75 to 5.00 TO 1 June JUNE 30, 2011 1.75 to 5.00 TO 1 September SEPTEMBER 30, 2011 1.75 to 5.00 TO 1 December DECEMBER 31, 2011 1.75 to 5.00 TO 1 March MARCH 31, 2012 0.75 to 1 June 30, 2012 0.75 to 1 September 30, 2012 0.75 to 1 December 31, 2012 0.75 to AND EACH FISCAL QUARTER THEREAFTER 4.50 TO 1

Appears in 1 contract

Samples: Consent and Waiver to Credit Agreement (Purple Communications, Inc.)

Maximum Consolidated Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, Maintain at all times a Consolidated Leverage Ratio greater of not more than the maximum ratio set forth opposite the applicable following: Period Ratio Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March 31, 2008 4.5 to 1 June 30, 2008 4.5 to 1 September 30, 2008 3.5 to 1 December 31, 2008 3.5 to 1 March 31, 2009 3.0 to 1 quarter ended June 30, 2009 3.0 5.25 to 1 1.00 July 1, 2009 through and including September 30, 2009 3.0 5.50 to 1 1.00 October 1, 2009 through and including December 31, 2009 3.0 5.75 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES1.00 January 1, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio 2010 through and including March 31, 2010 2.5 5.50 to 1 1.00 April 1, 2010 through and including June 30, 2010 2.5 5.00 to 1 1.00 July 1, 2010 through and including September 30, 2010 2.5 5.10 to 1 1.00 October 1, 2010 through and including December 31, 2010 2.5 5.25 to 1 1.00 January 1, 2011 through and including March 31, 2011 1.75 4.50 to 1 1.00 April 1, 2011 through and including June 30, 2011 1.75 4.75 to 1 1.00 July 1, 2011 through and including September 30, 2011 1.75 5.00 to 1 1.00 October 1, 2011 through and including December 31, 2011 1.75 4.75 to 1 March 311.00 January 1, 2012 0.75 and thereafter 4.00 to 1 June 30, 2012 0.75 to 1 September 30, 2012 0.75 to 1 December 31, 2012 0.75 to 11.00

Appears in 1 contract

Samples: Credit Agreement (Alliance One International, Inc.)

Maximum Consolidated Leverage Ratio. The Borrower Parent shall not have, during any on the last day of each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable such Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO March 31, 2008 4.5 4.50 to 1 June 30, 2008 4.5 4.25 to 1 September 30, 2008 3.5 4.25 to 1 December 31, 2008 3.5 4.25 to 1 March 31, 2009 3.0 4.25 to 1 June 30, 2009 3.0 4.25 to 1 September 30, 2009 3.0 4.25 to 1 December 31, 2009 3.0 4.25 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2010 2.5 4.25 to 1 June 30, 2010 2.5 4.00 to 1 September 30, 2010 2.5 4.00 to 1 December 31, 2010 2.5 4.00 to 1 March 31, 2011 1.75 4.00 to 1 June 30, 2011 1.75 4.00 to 1 September 30, 2011 1.75 4.00 to 1 December 31, 2011 1.75 4.00 to 1 March 31, 2012 0.75 4.00 to 1 June 30, 2012 0.75 4.00 to 1 September 30, 2012 0.75 to 1 December 31, 2012 0.75 to 157 FIRST LIEN CREDIT AGREEMENT DANKA OFFICE IMAGING

Appears in 1 contract

Samples: Credit Agreement (Danka Business Systems PLC)

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Maximum Consolidated Leverage Ratio. The Borrower shall not have, during on the last day of any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable such Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March 31, 2008 4.5 to 1 TERM LOAN CREDIT AGREEMENT [DAYTON SUPERIOR CORPORATION] 49 FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO June 30, 2008 4.5 6.50 to 1 September 30, 2008 3.5 6.25 to 1 December 31, 2008 3.5 6.25 to 1 March 31, 2009 3.0 6.00 to 1 June 30, 2009 3.0 6.00 to 1 September 30, 2009 3.0 5.75 to 1 December 31, 2009 3.0 5.75 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2010 2.5 5.00 to 1 June 30, 2010 2.5 5.00 to 1 September 30, 2010 2.5 5.00 to 1 December 31, 2010 2.5 5.00 to 1 March 31, 2011 1.75 4.25 to 1 June 30, 2011 1.75 4.25 to 1 September 30, 2011 1.75 4.25 to 1 December 31, 2011 1.75 4.25 to 1 March 31, 2012 0.75 4.00 to 1 June 30, 2012 0.75 4.00 to 1 September 30, 2012 0.75 4.00 to 1 December 31, 2012 0.75 4.00 to 1 March 31, 2013 4.00 to 1 June 30, 2013 4.00 to 1 September 30, 2013 4.00 to 1 December 31, 2013 4.00 to 1

Appears in 1 contract

Samples: Guaranty and Security Agreement (Dayton Superior Corp)

Maximum Consolidated Leverage Ratio. The Borrower Holdings shall not have, during any Fiscal Quarter on the last day of each fiscal period set forth below, a Consolidated Leverage Ratio for the twelve consecutive Fiscal Month period ending on such day of greater than the maximum ratio set forth opposite the applicable Fiscal Quartersuch fiscal period: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March 31, 2008 4.5 to 1 June 30, 2008 4.5 to 1 September 30, 2008 3.5 to 1 December 31, 2008 3.5 to 1 FISCAL PERIOD ENDING ON OR ABOUT MAXIMUM CONSOLIDATED LEVERAGE RATIO March 31, 2009 3.0 6.70 to 1 April 30, 2009 6.70 to 1 May 31, 2009 6.70 to 1 AMENDED AND RESTATED CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC. 49 June 30, 2009 3.0 6.70 to 1 July 31, 2009 6.70 to 1 August 31, 2009 6.70 to 1 September 30, 2009 3.0 6.70 to 1 October 31, 2009 6.60 to 1 November 30, 2009 6.60 to 1 December 31, 2009 3.0 6.50 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIESJanuary 31, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. Fiscal Quarter Ending Maximum Consolidated Leverage Ratio 2010 6.50 to 1 February 28, 2010 6.50 to 1 March 31, 2010 2.5 6.50 to 1 June 30, 2010 2.5 6.05 to 1 September 30, 2010 2.5 5.90 to 1 December 31, 2010 2.5 5.80 to 1 March 31, 2011 1.75 5.60 to 1 June 30, 2011 1.75 5.25 to 1 September 30, 2011 1.75 5.15 to 1 December 31, 2011 1.75 5.00 to 1 March 31, 2012 0.75 4.95 to 1 June 30, 2012 0.75 4.80 to 1 September 30, 2012 0.75 4.70 to 1 December 31, 2012 0.75 4.40 to 1 March 31, 2013 4.20 to 1 June 30, 2013 4.10 to 1

Appears in 1 contract

Samples: Credit Agreement (Medical Staffing Network Holdings Inc)

Maximum Consolidated Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite the applicable Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Leverage Ratio March 31, 2007 17.0 to 1 June 30, 2007 17.0 14.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 9.5 to 1 March 31, 2008 4.5 to 1 June 30, 2008 4.5 to 1 September 30, 2008 3.5 to 1 December 31, 2008 3.5 to 1 March 31, 2009 3.0 to 1 June 30, 2009 3.0 to 1 September 30, 2009 3.0 to 1 December 31, 2009 3.0 to 1 CONFIDENTIAL TREATMENT REQUESTED BY ACCESS INTEGRATED TECHNOLOGIES, INC. OF CERTAIN PORTIONS OF THIS AGREEMENT IN ACCORDANCE WITH RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934. I Fiscal Quarter Ending Maximum Consolidated Leverage Ratio December 31, 2007 7.75 to 1 March 31, 2010 2.5 2008 6.5 to 1 June 30, 2010 2.5 2008 5.25 to l September 30, 2008 4.75 to 1 December 31, 2008 4.25 to 1 March 31, 2009 4.5 to 1 June 30, 2009 4.5 to 1 September 30, 2009 4.5 to 1 December 31, 2009 4.5 to 1 March 31, 2010 2.5 4.5 to I June 30, 2010 4.25 to I September 30, 2010 4.25 to 1 December 31, 2010 2.5 4.0 to 1 March 31, 2011 1.75 3.75 to 1 June 30, 2011 1.75 3.5 to 1 September 30, 2011 1.75 3.25 to 1 December 31, 2011 1.75 3.0 to 1 March 31, 2012 0.75 to 1 2.75 to1 June 30, 2012 0.75 2.5 to 1 l September 30, 2012 0.75 2.25 to 1 December 31, 2012 0.75 2.0 to 1 March 3l, 2013 l.75 to 1 June 30, 2013 1.75 to 1

Appears in 1 contract

Samples: Fourth Amendment (Access Integrated Technologies, Inc. D/B/a Cinedigm Digital Cinema Corp.)

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