Maximum Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio, as at the last day of any period of four consecutive trailing fiscal quarters of Holdings to be greater than the ratio set forth below opposite such period: June 30, 2020 through June 30, 2021 4.00:1.00 September 30, 2021 through December 31, 2021 3.50:1.00 March 31, 2022 through December 31, 2022 3.25:1.00 March 31, 2023 and each fiscal quarter ending thereafter 3.00:1.00
Appears in 3 contracts
Sources: Credit Agreement (Ribbon Communications Inc.), Credit Agreement (Ribbon Communications Inc.), Credit Agreement (Ribbon Communications Inc.)