Common use of Maximum Leverage Ratio Clause in Contracts

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers will not permit the Leverage Ratio to be greater than 3.50 to 1.00.

Appears in 3 contracts

Samples: Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc), Credit Agreement (Equifax Inc)

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Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers The Parent Borrower will not permit the Leverage Ratio Ratio, as of the last day of any Fiscal Quarter commencing with the first full Fiscal Quarter ending after the Funding Date, to be greater than 3.50 4.00 to 1.00.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Noble Corp PLC), Senior Secured Revolving Credit Agreement (Paragon Offshore Ltd.)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers will The Borrower shall not permit the ---------------------- Leverage Ratio to be greater than 3.50 (a) 4.25 to 1.001 at the end of any fiscal quarter ending prior to and including December 31, 2000 and (b) 3.75 to 1 at the end of any fiscal quarter thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Safeguard Scientifics Inc Et Al), Credit Agreement (Compucom Systems Inc)

Maximum Leverage Ratio. As of the end last day of each fiscal quarter, Fiscal Quarter of the Borrower commencing with the end of the first fiscal quarter Fiscal Quarter ending after the Closing DateSeptember 30, 2015, the Borrowers will Borrower shall not permit the Leverage Ratio to be greater than 3.50 0.60 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (Monmouth Real Estate Investment Corp), Credit Agreement (Monmouth Real Estate Investment Corp)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with The Borrower will not permit its Leverage Ratio (a) at the end of the first fiscal quarter ending December 31, 2010, to be greater than 2.50 to 1.00; (b) at the end of any fiscal quarter ending after the Closing DateDecember 31, the Borrowers will not permit the Leverage Ratio 2010, to be greater than 3.50 2.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Lufkin Industries Inc)

Maximum Leverage Ratio. As The Borrower will not permit the Leverage Ratio, determined as of the end of each of its fiscal quarterquarters ending after the Effective Date, commencing with the end of the first to be greater than or equal to (x) 3.00 to 1.00 for any such fiscal quarter ending on or prior to September 30, 2016, (y) 2.75 to 1.00 for any such fiscal quarter ending after the Closing DateSeptember 30, the Borrowers will not permit the Leverage Ratio 2016 and on or prior to be greater than 3.50 September 30, 2017 and (z) 2.50 to 1.001.00 for any such fiscal quarter ending after September 30, 2017.

Appears in 1 contract

Samples: Credit Agreement (Quality Systems, Inc)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing quarter beginning with the end of the first fiscal quarter ending after the Closing DateSeptember 30, the 2003, Borrowers will not permit the ratio of Funded Debt determined as of the end of such fiscal quarter to the Leverage Ratio Denominator calculated for the four (4) fiscal quarters then ending to be greater than 3.50 2.25 to 1.00.

Appears in 1 contract

Samples: Security Agreement (Nelnet Inc)

Maximum Leverage Ratio. As The Borrower will not, as of the end last ---------------------- day of each any fiscal quarterquarter of the Borrower, commencing with the end of the first fiscal quarter ending after the Closing DateMarch 31, the Borrowers will not 2002, permit the Leverage Ratio for the period of four consecutive fiscal quarters ending on such day, to be greater than 3.50 3.25 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Gardner Denver Inc)

Maximum Leverage Ratio. As of the end last day of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Borrowing Limit Election Date, the Borrowers Borrower will not permit the its Total Leverage Ratio to be greater than 3.50 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (NOW Inc.)

Maximum Leverage Ratio. As The Borrowers shall not permit the Leverage Ratio, measured as of the end of each fiscal quarterquarter of the Company, commencing with to exceed (i) 6.75 to 1.00 for any such fiscal quarter end occurring on or after June 30, 2022 through and including the end of the first fiscal quarter of the Company ending on December 31, 2023, and (ii) 4.00 to 1.00 for any such fiscal quarter end occurring on and after the Closing DateMarch 31, the Borrowers will not permit the Leverage Ratio to be greater than 3.50 to 1.002024.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter Corp)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing Commencing with the end of the first fiscal quarter Fiscal Quarter ending after the Closing Restatement Date, the Borrowers will not permit the Leverage Ratio as of the end of each Fiscal Quarter to be greater than 3.50 3.25 to 1.00.

Appears in 1 contract

Samples: Joinder Agreement (Brinks Co)

Maximum Leverage Ratio. As of the end of each of its fiscal quarterquarters ending on and after January 31, commencing with the end of the first fiscal quarter ending after the Closing Date2019, the Borrowers Borrower will not permit the Leverage Ratio to be greater than 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Palo Alto Networks Inc)

Maximum Leverage Ratio. As The Borrower will not permit, as of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending on or after the Closing Date, the Borrowers will not permit the Leverage Ratio to be greater than 3.50 exceed 3.75 to 1.001.0 through March 31, 2015, or to exceed 3.5 to 1.0 as of the end of each fiscal quarter thereafter.

Appears in 1 contract

Samples: Credit Agreement (Astronics Corp)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers Borrower will not permit the Leverage Ratio to be greater than 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers Credit Parties will not permit the Leverage Ratio to be greater than 3.50 2.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Miller Herman Inc)

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Maximum Leverage Ratio. As of the end last day of each fiscal quarter, Fiscal Quarter of the Borrower commencing with the end of the first fiscal quarter Fiscal Quarter ending after the Closing DateSeptember 30, 2019, the Borrowers will Borrower shall not permit the Leverage Ratio to be greater than 3.50 0.60 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Monmouth Real Estate Investment Corp)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing Commencing with the end of the first fiscal quarter ending after the Closing Datedate of Closing, the Borrowers Company will not permit the Leverage Ratio as of the end of each fiscal quarter to be greater than 3.50 .60 to 1.00.

Appears in 1 contract

Samples: Note Purchase Agreement (Brinks Co)

Maximum Leverage Ratio. As The Borrowers will not, as of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing DateApril 30, the Borrowers will not permit the 2007, allow their Leverage Ratio to be greater than 3.50 3.90 to 1.00 and will not, as of the end of each subsequent fiscal quarter, allow their Leverage Ratio to be greater than 3.75 to 1.00.

Appears in 1 contract

Samples: Foreign Accounts Credit and Security Agreement (Synergetics Usa Inc)

Maximum Leverage Ratio. As The Borrowers will not, as of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing DateApril 30, the Borrowers will not permit the 2007, allow their Leverage Ratio to be greater than 3.50 3.90 to 1.00., and will not, as of the end of each subsequent fiscal quarter allow their Leverage Ratio to be greater than 3.75 to 1.00”

Appears in 1 contract

Samples: Credit and Security Agreement (Synergetics Usa Inc)

Maximum Leverage Ratio. As Commencing with the last day of the end of fifth fiscal quarter to begin after the Effective Date and for each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Datethereafter, the Borrowers will Domestic Borrower and its Subsidiaries shall not permit the Leverage Ratio to be greater than 3.50 exceed 3.25 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Ion Geophysical Corp)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers Parent will not permit the Leverage Ratio to be greater than 3.50 to 1.00.

Appears in 1 contract

Samples: Amendment Agreement (Equifax Inc)

Maximum Leverage Ratio. As The Borrower will not permit, as of the end last day of each fiscal quarterany Fiscal Quarter, commencing with the end of the first fiscal quarter Fiscal Quarter ending after the Closing DateJune 30, 2022, the Borrowers will not permit the Maximum Leverage Ratio to be greater than 3.50 exceed 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Kolibri Global Energy Inc.)

Maximum Leverage Ratio. As The Borrower will not permit, as of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending on or after the Closing DateSeptember 30, the Borrowers will not permit 2011, the Leverage Ratio to be greater than 3.50 exceed 3.25 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Astronics Corp)

Maximum Leverage Ratio. As of the end of each fiscal quarter, commencing with the end of the first fiscal quarter ending after the Closing Date, the Borrowers will not permit the Leverage Ratio to be greater than 3.50 to 1.00.the maximum ratio set forth in the table below opposite fiscal quarter:

Appears in 1 contract

Samples: Credit Agreement (Equifax Inc)

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