Common use of Maximum Consolidated Senior Secured Net Leverage Ratio Clause in Contracts

Maximum Consolidated Senior Secured Net Leverage Ratio. As of any fiscal quarter end, permit the Consolidated Senior Secured Net Leverage Ratio to be greater than (a) 3.50:1.00 for any fiscal quarter ending prior to the Closing Date and (b) 3.75:1:00 for any fiscal quarter ending on or after the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Aci Worldwide, Inc.)

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Maximum Consolidated Senior Secured Net Leverage Ratio. As Solely for the benefit of any fiscal quarter endthe Revolving Credit Lenders, permit the Consolidated Senior Secured Net Leverage Ratio to be greater than Ratio, calculated on a pro forma basis, as of the last day of any period of four (a4) 3.50:1.00 for any consecutive fiscal quarter quarters of the Borrower (i) ending March 31, 2023 and on or prior to the Closing Date December 31, 2024, to exceed 2.65 to 1.00 and (bii) 3.75:1:00 for any fiscal quarter ending on or after the Closing Datethereafter, to exceed 2:00 to 1:00.

Appears in 1 contract

Samples: Term Loan Credit and Guaranty Agreement (2U, Inc.)

Maximum Consolidated Senior Secured Net Leverage Ratio. As of any fiscal quarter end, permit the Consolidated Senior Secured Net Leverage Ratio to be greater than (a) 3.50:1.00 for any fiscal quarter ending prior to the Closing Date and (b) 3.75:1:00 for any fiscal quarter ending on or after the Closing Date3.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Aci Worldwide, Inc.)

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Maximum Consolidated Senior Secured Net Leverage Ratio. As of any fiscal quarter end, permit the Consolidated Senior Secured Net Leverage Ratio to be greater than (a) 3.50:1.00 for any fiscal quarter ending prior to the Closing Date and (b) 3.75:1:00 for any fiscal quarter ending on or after the Closing Date3.75:1:00.

Appears in 1 contract

Samples: Credit Agreement (Aci Worldwide, Inc.)

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