Common use of Maximum Consolidated Leverage Ratio Clause in Contracts

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit the Consolidated Leverage Ratio, as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table below, to exceed the ratio set forth opposite such period in the table below: Reference Period Consolidated Leverage Ratio Effective Date - December 31, 2013 4.00 to 1.0 January 1, 2014 - December 31, 2014 3.75 to 1.0 January 1, 2015 and thereafter 3.50 to 1.0

Appears in 2 contracts

Samples: Security Agreement (HMS Holdings Corp), Credit Agreement (HMS Holdings Corp)

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Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit the The Consolidated Leverage RatioRatio shall not, as determined as of the last day of any Reference Period each fiscal quarter ending during any period (inclusive of the beginning and ending dates of each such period) in the table periods set forth below, to exceed the maximum ratio set forth below opposite such period in period: Each Fiscal Quarter Ending During the table below: Reference Period Maximum Consolidated Leverage Ratio Effective Date - December 31through September 30, 2013 4.00 2005 3.50 to 1.0 January 1.00 October 1, 2014 - December 312005 through September 30, 2014 3.75 2006 3.00 to 1.0 January 1.00 October 1, 2015 and thereafter 3.50 2006 through September 30, 2007 2.50 to 1.01.00 October 1, 2007 through September 30, 2008 2.00 to 1.00 October 1, 2008 through the Maturity Date 1.50 to 1.00

Appears in 2 contracts

Samples: Credit Agreement (Wright Express CORP), Credit Agreement (Wright Express CORP)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit the Consolidated Leverage Ratio, as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table below, to exceed the ratio set forth opposite such period in the table below: Reference Period Consolidated Leverage Ratio Effective Date - December 31, 2013 4.00 3.50 to 1.0 January 1, 2014 - December 31, 2014 3.75 3.50 to 1.0 January 1, 2015 and thereafter 3.50 3.25 to 1.0

Appears in 1 contract

Samples: Credit Agreement (HMS Holdings Corp)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit the The Consolidated Leverage RatioRatio shall not, as determined as of the last day of any Reference Period each fiscal quarter ending during any period (inclusive of the beginning and ending dates of each such period) in the table periods set forth below, to exceed the maximum ratio set forth below opposite such period in period: Each Fiscal Quarter Ending During the table below: Reference Period Maximum Consolidated Leverage Ratio Effective Date - December 31through April 30, 2013 4.00 2005 3.25 to 1.0 January 1.00 May 1, 2014 - December 312005 through April 30, 2014 3.75 2006 3.00 to 1.0 January 1.00 May 1, 2015 and thereafter 3.50 2006 through the Maturity Date 2.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Jackson Hewitt Tax Service Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, Ratio as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table below, fiscal quarter to exceed be greater than the ratio set forth below opposite such fiscal quarter (or opposite the period in the table below: Reference that includes such fiscal quarter): Period Maximum Consolidated Leverage Ratio Effective Date - December 31Fiscal quarter ending September 30, 2013 4.00 to 1.0 January 1through the fiscal quarter ending September 30, 2014 - 5.50 to 1.00 Fiscal quarter ending December 31, 2014 3.75 to 1.0 January 1through the fiscal quarter ending September 30, 2015 and 5.25 to 1.00 Each fiscal quarter thereafter 3.50 5.00 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Jamba, Inc.)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, determined as of the last day of any Reference Period ending during any fiscal quarter period (inclusive of the beginning and ending dates of each such period) in the table Borrower specified below, to exceed the ratio set forth below opposite such period in the table belowfiscal quarter period: Reference Period Fiscal Quarter Ending Consolidated Leverage Ratio Effective Date - March 31, 2018 through September 30, 2019 3.00 to 1.00 December 31, 2013 4.00 to 1.0 January 1, 2014 - December 2019 through March 31, 2014 3.75 2021 2.75 to 1.0 January 11.00 June 30, 2015 2021 and each fiscal quarter thereafter 3.50 2.50 to 1.01.00

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Extreme Networks Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the The Borrower will not permit the Consolidated Leverage Ratio, Ratio at any time during any Measurement Period ending as of the last day end of any Reference Period ending during any period (inclusive fiscal quarter of the beginning and ending dates of each such period) in the table below, Borrower set forth below to exceed be greater than the ratio set forth below opposite such period in the table belowperiod: Reference Measurement Period Ending Maximum Consolidated Leverage Ratio Effective Closing Date - through December 31, 2013 2015 4.00 to 1.0 1.00 January 1, 2014 - 2016 through December 31, 2014 2016 3.75 to 1.0 1.00 January 1, 2015 and thereafter 2017 through December 31, 2017 3.50 to 1.01.00 January 1, 2018 and each fiscal quarter thereafter 3.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Heartland Payment Systems Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, Ratio as of the last day end of any Reference Period fiscal quarter set forth below for the four consecutive fiscal quarter period then ending during any period (inclusive of the beginning Parent Guarantor and ending dates of each such period) in the table below, its Subsidiaries to exceed be greater than the ratio set forth below opposite such period in the table belowtime period: Reference Period Four Consecutive Fiscal Quarters Ending: Maximum Consolidated Leverage Ratio Effective Date Ratio: December 31, 2010 - December 31, 2011 4.00 to 1.00 March 31, 2012 – December 31, 2012 3.65 to 1.00 March 31, 2013 – June 30, 2013 3.20 to 1.00 September 30, 2013 - December 31, 2013 4.00 2.75 to 1.0 January 1, 2014 - December 1.00 March 31, 2014 3.75 to 1.0 January 1, 2015 and thereafter 3.50 2.50 to 1.01.00

Appears in 1 contract

Samples: Loan Agreement (TBS International PLC)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, determined as of the last day of any Reference Period ending during any fiscal quarter period (inclusive of the beginning and ending dates of each such period) in the table Borrower specified below, to exceed the ratio set forth below opposite such period in the table belowfiscal quarter period: Reference Period Fiscal Quarter Ending Consolidated Leverage Ratio Effective Date - September 30, 2019 through September 30, 2020 3.75 to 1.00 December 31, 2013 4.00 2020 through September 30, 2021 3.25 to 1.0 January 1, 2014 - 1.00 December 31, 2014 3.75 2021 and each fiscal quarter thereafter 2.75 to 1.0 January 1, 2015 and thereafter 3.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending Holdings shall not have, on March 31, 2012, the Borrower will not permit the Consolidated Leverage Ratio, as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table Fiscal Quarter set forth below, to exceed a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such period in the table belowFiscal Quarter: Reference Period Consolidated Leverage Ratio Effective Date - FISCAL QUARTER ENDING ON OR ABOUT MAXIMUM CONSOLIDATED LEVERAGE RATIO September 30, 2007 6.90 to 1 December 31, 2013 4.00 2007 6.90 to 1.0 January 11 March 31, 2014 - 2008 6.90 to 1 June 30, 2008 6.61 to 1 September 30, 2008 6.04 to 1 December 31, 2014 3.75 2008 5.46 to 1.0 January 1 March 31, 2009 5.12 to 1 June 30, 2009 4.77 to 1 September 30, 2009 4.43 to 1 December 31, 2009 and each Fiscal Quarter thereafter 4.03 to 1, 2015 and thereafter 3.50 to 1.0

Appears in 1 contract

Samples: Credit Agreement (Medical Staffing Network Holdings Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will Company shall not permit the Consolidated Leverage RatioRatio as at (i) October 31, as of 2004 to exceed 3.60:1.00, (ii) December 31, 2004 to exceed 3.50:1.00 and (iii) the last day of any Reference Period Fiscal Quarter ending during any period (inclusive of the beginning and ending dates of each such period) in the table below, periods set forth below to exceed the correlative ratio set forth opposite such period in the table belowindicated: Reference Period Maximum Consolidated Leverage Ratio Effective Date - December 31, 2013 4.00 to 1.0 ------- ----------------------------------- January 1, 2014 - December 31, 2014 3.75 to 1.0 January 2005 through April 1, 2015 2005 3.50:1.00 April 2, 2005 through September 30, 2005 3.25:1.00 October 1, 2005 and thereafter 3.50 to 1.03.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Urs Corp /New/)

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Maximum Consolidated Leverage Ratio. Beginning with the PermitExcept for any fiscal quarter of the Borrower ending during the period commencing on March 31, 20122020 through the last day of the Suspension Period, the Borrower will not permit the Consolidated Leverage Ratio, determined as of the last day of any Reference Period ending during any fiscal quarter period (inclusive of the beginning and ending dates of each such period) in the table Borrower specified below, to exceed the ratio set forth below opposite such period in the table belowfiscal quarter period: Reference Period Fiscal Quarter Ending Consolidated Leverage Ratio Effective Date - September 30, 2019 through September 30, 2020 3.75 to 1.00 December 31, 2013 4.00 2020 through September 30, 2021 3.25 to 1.0 January 1, 2014 - 1.00 December 31, 2014 3.75 2021 and each fiscal quarter thereafter 2.75 to 1.0 January 1, 2015 and thereafter 3.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, Ratio as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table below, fiscal quarter to exceed be greater than the ratio set forth below opposite such fiscal quarter (or opposite the period in the table below: Reference that includes such fiscal quarter): Period Maximum Consolidated Leverage Ratio Effective Date - Fiscal quarter ending September 30, 2013 5.50 to 1.00 Fiscal quarter ending December 31, 2013 4.00 to 1.0 January 1through the fiscal quarter ending September 30, 2014 - 5.25 to 1.00 Fiscal quarter ending December 31, 2014 3.75 to 1.0 January 1through the fiscal quarter ending September 30, 2015 and 5.00 to 1.00 Each fiscal quarter thereafter 3.50 4.75 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Jamba, Inc.)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, determined as of the last day of any Reference Period ending during any fiscal quarter period (inclusive of the beginning and ending dates of each such period) in the table Borrower specified below, to exceed the ratio set forth below opposite such period in the table belowfiscal quarter period: Reference Period Fiscal Quarter Ending Consolidated Leverage Ratio Effective Date - September 30, 2016 3.00 to 1.00 December 31, 2013 4.00 2016 3.00 to 1.0 January 11.00 March 31, 2014 - 2017 2.75 to 1.00 June 30, 2017 2.50 to 1.00 September 30, 2017 2.25 to 1.00 December 31, 2014 3.75 to 1.0 January 1, 2015 2017 and thereafter 3.50 2.00 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the Borrower will not permit Permit the Consolidated Leverage Ratio, determined as of the last day of any Reference Period ending during any fiscal quarter period (inclusive of the beginning and ending dates of each such period) in the table Borrower specified below, to exceed the ratio set forth below opposite such period in the table belowfiscal quarter period: Reference Period Fiscal Quarter Ending Consolidated Leverage Ratio Effective Date - June 30, 2015 3.25 to 1.00 September 30, 2015 3.00 to 1.00 December 31, 2013 4.00 2015 2.75 to 1.0 January 1, 2014 - December 1.00 March 31, 2014 3.75 2016 2.50 to 1.0 January 11.00 June 30, 2015 2016 2.25 to 1.00 September 30, 2016 and thereafter 3.50 2.00 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Extreme Networks Inc)

Maximum Consolidated Leverage Ratio. Beginning with the fiscal quarter ending on March 31, 2012, the The Borrower will shall not permit the Consolidated Leverage Ratiohave, as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table Fiscal Quarter set forth below, to exceed a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such period in the table belowFiscal Quarter: Reference Period Consolidated Leverage Ratio Effective Date - December 31, 2013 4.00 to 1.0 January 1, 2014 - FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO December 31, 2014 3.75 to 1.0 January 13.50:1.00 March 31, 2015 3.00:1.00 June 30, 2015 2.75:1.00 September 30, 2015 2.50:1.00 December 31, 2015 2.25:1.00 March 31, 2016 - and each Fiscal Quarter thereafter 3.50 to 1.0until the Term Maturity Date 2.00:1.00

Appears in 1 contract

Samples: Guaranty Agreement (Cinedigm Corp.)

Maximum Consolidated Leverage Ratio. Beginning with Permit the Consolidated Leverage Ratio on the last day of each fiscal quarter ending on March 31, 2012, the Borrower will not permit the Consolidated Leverage Ratio, as of the last day of any Reference Period ending during any period (inclusive of the beginning and ending dates of each such period) in the table below, date set forth below to exceed the ratio set forth below opposite such period in the table belowfiscal quarter: Reference Period Fiscal Quarter Maximum Consolidated Leverage Ratio Effective Date - December 31, 2013 4.00 2005 Not Applicable March 31, 2006 Not Applicable June 30, 2006 5.60 to 1.0 January 11 September 30, 2014 - 2006 5.20 to 1 December 31, 2014 2006 3.75 to 1.0 January 1 March 31, 2007 3.75 to 1 June 30, 2007 3.75 to 1 September 30, 2007 3.75 to 1 December 31, 2007 3.75 to 1 March 31, 2008 3.75 to 1 June 30, 2008 3.75 to 1, 2015 and thereafter 3.50 to 1.0

Appears in 1 contract

Samples: Credit Agreement (Radnor Holdings Corp)

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