Maximum First Lien Leverage Ratio. Without the prior written consent of the Required Revolving Lenders, permit the First Lien Leverage Ratio, as calculated on a Pro Forma Basis, as of the last day of any fiscal quarter (but only if (other than as set forth in Section 4.02(d)) on the last day of such fiscal quarter the Total Revolving Credit Outstandings (exclusive of (x) all Cash Collateralized L/C Obligations and (y) the aggregate amount available to be drawn under all Letters of Credit that have not been Cash Collateralized in an amount not exceeding 50% of the Revolving Credit Facility) is in excess of the Covenant Trigger Amount), to be greater than 5.55:1.00.
Maximum First Lien Leverage Ratio. Permit the First-Lien Leverage Ratio, as of the last day of any Test Period, to exceed 2.50 to 1.00.
Maximum First Lien Leverage Ratio. During each Covenant Compliance Period, not permit (i) the First Lien Leverage Ratio for the last Test Period ended prior to the beginning of such Covenant Compliance Period for which financial statements are available to be greater than 5.00:1.00, (ii) the First Lien Leverage Ratio for any Test Period for which financial statements first become available during such Covenant Compliance Period to be greater than 5.00:1.00 and (iii) the First Lien Leverage Ratio for any Test Period ending during such Covenant Compliance Period to be greater than 5.00:1.00.
Maximum First Lien Leverage Ratio. Permit the First Lien Leverage Ratio, as of the last day of any Test Period, to exceed 2.50 to 1.00.
Maximum First Lien Leverage Ratio. Solely with respect to the Revolving Credit Facility, commencing with the Fiscal Quarter ending March 31, 2019, on the last day of any Fiscal Quarter on which the Revolving Facility Test Condition is then applicable, the Borrower shall not permit the First Lien Leverage Ratio for the Test Period ending on such last day to be greater than 7.25:1.00.
Maximum First Lien Leverage Ratio. LiventArcadium shall maintain on the last day of each such Fiscal Quarter a First Lien Leverage Ratio of not more than a ratio of 3.50 to 1.00.
Maximum First Lien Leverage Ratio. The ratio of (i) the First Lien Indebtedness of OTG, and the Parent and its Subsidiaries to (ii) Consolidated EBITDA of OTG, and the Parent and its Subsidiaries for the twelve-month period ending immediately prior to such date (calculated on a pro forma basis after giving effect to the making of the Loans proposed to be made on such date) shall not be greater than 4.00:1.00.
Maximum First Lien Leverage Ratio. Permit the First Lien Leverage Ratio, determined as of the last day of any fiscal quarter of Borrower (measured on a rolling four quarter basis for the trailing four fiscal quarters) to be greater than the correlative ratio indicated in the table set forth on Schedule 7.12(a); provided, however, that upon the occurrence of the Incremental Trigger Date and the making of New Term Loans pursuant to Section 2.12, the provisions of this Section 7.12(a) shall cease to apply to the Borrower and its Subsidiaries and shall be of no further effect.
Maximum First Lien Leverage Ratio. The Parent Borrower shall not permit the First Lien Leverage Ratio as of the last day of any Test Period (beginning with the Test Period ending on June 30, 2016) to be greater than 2.50 to 1.00.
Maximum First Lien Leverage Ratio. Permit the First Lien Leverage Ratio as of any date set forth below to be greater than the ratio set forth below opposite such date: Fiscal Year March 31 June 30 September 30 December 31 2013 4.25:1 4.25:1 4.25:1 4.25:1 2014 4.00:1 4.00:1 4.00:1 3.75:1 2015 3.75:1 3.75:1 3.75:1 3.50:1 2016 3.50:1 3.50:1 3.50:1 3.50:1 2017 3.50:1 3.50:1 3.50:1 3.50:1 2018and thereafter 3.50:1 3.50:1 3.50:1 3.50:1
