Net First Lien Leverage Ratio Sample Clauses

Net First Lien Leverage Ratio. Permit the Net First Lien Leverage Ratio on the last day of any fiscal quarter (beginning with the fiscal quarter ended on June 30, 2017) to exceed 6.00 to 1.00.
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Net First Lien Leverage Ratio. The Borrower will not permit the Net First Lien Leverage Ratio as of the last day of any Financial Performance Covenant Test Period to exceed 3.25 to 1.00.
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Net First Lien Leverage Ratio. LGEC shall not, as of the last day of each fiscal quarter of LGEC ending during each of the periods specified belowon and after March 31, 2021, permit the Net First Lien Leverage Ratio to be greater than: 4.75 to 1.00.
Sample 1
Net First Lien Leverage Ratio. Permit the Net First Lien Leverage Ratio as of the last day of any Test Period to be greater than 2.50:1.00.
Sample 1
Net First Lien Leverage Ratio. With respect to the Revolving Facility only, permit the Net First Lien Leverage Ratio as of the last day of any fiscal quarter (beginning with the fiscal quarter ended December 31, 2013), solely to the extent that on such date the Testing Condition is satisfied, to exceed 7.75 to 1.00.
Sample 1
Net First Lien Leverage Ratio. Permit the Net First Lien Leverage Ratio on the last day of any fiscal quarter (beginning with the fiscal quarter ended on June 30, 2017) to exceed 6.00 to 1.00.; provided that (i) during the Covenant Relief Period, the Financial Covenant shall not be tested for the fiscal quarters ending June 30, 2020, September 30, 2020 or December 31, 2020 and (ii) for purposes of determining compliance with this Section 6.11 during the Covenant Relief Period (but, for the avoidance of doubt, not for any other purposes under this Agreement), (A) EBITDA for the Test Period ending on March 31, 2021 shall be calculated as the sum of (w) EBITDA for the fiscal quarter ending March 31, 2021, plus (x) EBITDA for the fiscal quarter ended June 30, 2019, plus (y) EBITDA for the fiscal quarter ended September 30, 2019, plus (z) EBITDA for the fiscal quarter ended December 31, 2019; (B) EBITDA for the Test Period ending on June 30, 2021 shall be calculated as the sum of (w) EBITDA for the fiscal quarter ending March 31, 2021, plus (x) EBITDA for the fiscal quarter ending June 30, 2021, plus (y) EBITDA for the fiscal quarter ended September 30, 2019, plus (z) EBITDA for the fiscal quarter ended December 31, 2019; and (C) EBITDA for the Test Period ending on September 30, 2021 shall be calculated as the sum of (w) EBITDA for the fiscal quarter ending March 31, 2021, plus (x) EBITDA for the fiscal quarter ending June 30, 2021, plus (y) EBITDA for the fiscal quarter ended September 30, 2021, plus (z) EBITDA for the fiscal quarter ended December 31, 2019.
Sample 1
Net First Lien Leverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2016, the ratio of (i) the excess of (A) First Lien Debt as of such date over (B) Loan Party Cash as of such date to (ii) Consolidated EBITDA of the Borrower and the Restricted Subsidiaries for the Rolling Period ending on such day to exceed 2.00 to 1.0;”
Sample 1
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Related to Net First Lien Leverage Ratio

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Secured Leverage Ratio Permit the Secured Leverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be greater than forty percent (40%), or, for a period of four consecutive fiscal quarters following a Material Acquisition, forty-five percent (45%).

  • Consolidated Senior Leverage Ratio The Company will not permit the Consolidated Senior Leverage Ratio on the last day of any fiscal quarter of the Company ending in a period set forth below to exceed the ratio set forth below applicable to such period: Period Maximum Ratio January 1, 2015 to and including June 30, 2016 5.0 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including December 31, 2016 4.0 to 1.0 January 1, 2017 and thereafter 3.0 to 1.0 ”

  • Consolidated Senior Secured Leverage Ratio Upon and after the consummation of a Qualified Notes Offering, permit the Consolidated Senior Secured Leverage Ratio as of the end of any fiscal quarter of the US Borrower (beginning with the fiscal quarter ended September 30, 2018) to be greater than (A) during a Specified Acquisition Period, 4.00 to 1.00, and (B) at all other times, 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

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