Maximum Consolidated Senior Leverage Ratio. TPR shall not have, on the last day of each Fiscal Quarter, a Consolidated Senior Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED SENIOR LEVERAGE RATIO June 30, 2010 2.50 to 1 September 30, 2010 through and including June 30, 2011 2.25 to 1 September 30, 2011 through and including December 31, 2011 2.00 to 1 March 31, 2012 1.75 to 1 June 30, 2012 through and including September 30, 2012 1.50 to 1 December 31, 2012 through and including March 31, 2013 1.25 to 1 June 30, 2013 through and including March 31, 2014 1.00 to 1 June 30, 2014 0.75 to 1 September 30, 2014 0.50 to 1 67 AMENDED AND RESTATED CREDIT AGREEMENT THE PRINCETON REVIEW, INC.
Maximum Consolidated Senior Leverage Ratio. Borrower shall not permit the Consolidated Senior Leverage Ratio as of the last day of any Fiscal Quarter ending during any of the periods set forth below to exceed the correlative ratio indicated: MAXIMUM CONSOLIDATED PERIOD SENIOR LEVERAGE RATIO ----------------------------- --------------------- Closing Date to June 30, 2005 3.5 to 1.0 July 1, 2005 to June 30, 2006 3.0 to 1.0 July 1, 2006 and thereafter 2.5 to 1.0
Maximum Consolidated Senior Leverage Ratio. Credit Parties shall have, at the end of each Fiscal Quarter, a Consolidated Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the Test Period ending with such Fiscal Quarter of not more than 3.30 to 1.00.
Maximum Consolidated Senior Leverage Ratio. The Loan Parties shall not at any time permit the Consolidated Senior Leverage Ratio, to exceed the following ratios during the following periods: Period Ratio April 1, 2003 through September 30, 2003 3.75 to 1.0 October 1, 2003 through December 31, 2003 3.50 to 1.0 After December 31, 2003 3.25 to 1.0
Maximum Consolidated Senior Leverage Ratio. Borrower shall not permit the Consolidated Senior Leverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be greater than the levels set forth below. Xxxxxx Xxxxxxx Xxx Date Ratio June 30, 2019 1.75:1.00 September 30, 2019 1.75:1.00 December 31, 2019 1.75:1.00 March 31, 2020 1.50:1.00 June 30, 2020 1.50:1.00 September 30, 2020 1.50:1.00 December 31, 2020 1.50:1.00 March 31, 2021 1.25:1.00 June 30, 2021 1.25:1.00 September 30, 2021 1.25:1.00 December 31, 2021 1.15:1.00 March 31, 2022 1.15:1.00 June 30, 2022 1.00:1.00 September 30, 2022 1.00:1.00 December 31, 2022 1.00:1.00 March 31, 2023 1.00:1.00
Maximum Consolidated Senior Leverage Ratio. The Borrower will cause the Consolidated Senior Leverage Ratio to at all times be less than 3.0 to 1.0.
Maximum Consolidated Senior Leverage Ratio. Section 7.2.16 of the Credit Agreement is hereby amended and restated to read as follows:
Maximum Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio of the Borrower and its Consolidated Subsidiaries at any time during any period of four consecutive fiscal quarters to be greater than 3.0 to 1.0."
Maximum Consolidated Senior Leverage Ratio. Such Persons will not permit the Consolidated Senior Leverage Ratio for any Test Period ending on the last day of any fiscal quarter of Holdings to be greater than 2.750:1.000.
Maximum Consolidated Senior Leverage Ratio. The Company will not cause or permit the ratio (the “Consolidated Senior Leverage Ratio”) of the Consolidated Funded Indebtedness of the Company and its Subsidiaries (excluding any Subordinated Debt included therein) at March 30, 2008 and each Quarterly Date thereafter to the Consolidated EBITDA of the Company for the Reference Period ending on such Quarterly Date to be greater than 1.75:1.00.
