Maximum Total Leverage Ratio. The Borrower shall not permit the Total Leverage Ratio, calculated as of (x) the end of such fiscal quarter (other than any such fiscal quarter within an Acquisition Period), to be greater than 5.00:1.00 and (y) the end of such fiscal quarter within an Acquisition Period (including any fiscal quarter ending on the last day of an Acquisition Period), to be greater than 5.25:1.00.
Appears in 3 contracts
Samples: Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Resources Corp), Credit Agreement (CNX Resources Corp)
Maximum Total Leverage Ratio. The Borrower shall will not permit the Total Leverage Ratio, calculated determined as of (x) the end of each of its fiscal quarters ending after the Effective Date for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter (other than any such fiscal quarter within an Acquisition Period)quarter, to be greater than 5.00:1.00 and (y) the end of such fiscal quarter within an Acquisition Period (including any fiscal quarter ending on the last day of an Acquisition Period), 4.75 to be greater than 5.25:1.001.0.
Appears in 2 contracts
Samples: Assignment and Assumption (Inergy L P), Assignment and Assumption (Inergy Holdings, L.P.)
Maximum Total Leverage Ratio. The Borrower shall will not permit the Total Leverage Ratio, calculated determined as of (x) the end of each of its fiscal quarters ending after the Effective Date for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter (other than any such fiscal quarter within an Acquisition Period)quarter, to be greater than 5.00:1.00 and (y) the end of such fiscal quarter within an Acquisition Period (including any fiscal quarter ending on the last day of an Acquisition Period), 5.0 to be greater than 5.25:1.001.0.
Appears in 2 contracts
Samples: Credit Agreement (Inergy Midstream, L.P.), Credit Agreement (Inergy Midstream, L.P.)
Maximum Total Leverage Ratio. The Borrower shall will not permit the Total Leverage Ratio, calculated determined as of (x) the end of each of its fiscal quarters ending on and after the Effective Date for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter (other than any such fiscal quarter within an Acquisition Period)quarter, to be greater than 5.00:1.00 and (yi) 5.50 to 1.0 as of the end of such the fiscal quarters ending December 31, 2004 and March 31, 2005 and (ii) 4.75 to 1.0 as of the end of each fiscal quarter within an Acquisition Period (including any fiscal quarter ending on the last day of an Acquisition Period), to be greater than 5.25:1.00thereafter.
Appears in 2 contracts
Samples: Credit Agreement (Inergy L P), 364 Day Credit Agreement (Inergy L P)
Maximum Total Leverage Ratio. The Borrower shall will not permit the Total Leverage Ratio, calculated Ratio as of (x) the end last day of such any fiscal quarter, beginning with the first fiscal quarter (other than any such fiscal quarter within an Acquisition Period)ending after the Closing Date, to be greater than 5.00:1.00 and (y) the end ratio of such fiscal quarter within an Acquisition Period (including any fiscal quarter ending on the last day of an Acquisition Period), 2.50 to be greater than 5.25:1.001.00.
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