Common use of Maximum Total Net Leverage Ratio Clause in Contracts

Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of the Borrower, to be greater than the Total Net Leverage Ratio set forth opposite such day in the table below. Quarter Ended Maximum Total Net Leverage Ratio December 31, 0000 0.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x Quarter Ended Maximum Total Net Leverage Ratio December 31, 0000 0.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 0000 0.00x June 30, 0000 0.00x September 30, 0000 0.00x December 31, 0000 0.00x March 31, 0000 0.00x June 30, 2022 and thereafter 3.25x