Common use of Net Leverage Ratio Clause in Contracts

Net Leverage Ratio. Beginning with the fiscal quarter ending December 31, 2020, the Company shall not permit the Net Leverage Ratio as of the last day of any fiscal quarter set forth below to be greater than the corresponding ratio set forth below: December 31, 2020 4.00 to 1.00 March 31, 2021 4.00 to 1.00 June 30, 2021 3.75 to 1.00 September 30, 2021 3.75 to 1.00 December 31, 2021 3.25 to 1.00 March 31, 2022 3.25 to 1.00 June 30, 2022 3.25 to 1.00 September 30, 2022 and thereafter 3.25 to 1.00

Net Leverage Ratio. Beginning Commencing with the fiscal quarter Fiscal Quarter ending December 31September 30, 20202015, the Company shall Credit Parties will not permit the Net Leverage Ratio of the Credit Parties and their Subsidiaries as of the last day of any fiscal quarter set forth below Fiscal Quarter to be greater than the corresponding maximum ratio set forth belowspecified below during the period opposite such maximum ratio: September 30, 2015 3.50 to 1.00 December 31, 2020 4.00 2015 3.50 to 1.00 March 31, 2021 4.00 to 1.00 June 30, 2021 3.75 to 1.00 September 30, 2021 3.75 to 1.00 December 31, 2021 3.25 to 1.00 March 31, 2022 2016 3.25 to 1.00 June 30, 2022 2016 3.25 to 1.00 September 30, 2022 2016 3.25 to 1.00 December 31, 2016 and thereafter 3.25 3.00 to 1.00

Net Leverage Ratio. Beginning with the fiscal quarter ending December 31, 2020, the Company shall not permit the Net Leverage Ratio as of the last day of any fiscal quarter set forth below to be greater than the corresponding ratio set forth below: December 31, 2020 4.00 to 1.00 March 31, 2021 4.00 to 1.00 June 30, 2021 3.75 to 1.00 September 30, 2021 3.75 to 1.00 December 31, 2021 3.25 3.75 to 1.00 March 31, 2022 3.25 3.75 to 1.00 June 30, 2022 3.25 3.75 to 1.00 September 30, 2022 and thereafter 3.25 3.50 to 1.00

Net Leverage Ratio. Beginning with the fiscal quarter ending December 31, 2020, the Company Holdings shall not permit the Net Leverage Ratio as of the last day of any fiscal quarter set forth below Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2020 and ending with the Fiscal Quarter ending DecemberMarch 31, 2021, to be greater than exceed the corresponding correlative ratio set forth below: indicated:2.00:1.00. ​ September 30, 2020 2.85:1.00 December 31, 2020 4.00 to 1.00 3.60:1.00 March 31, 2021 4.00 to 1.00 3.10:1.00 June 30, 2021 3.75 to 1.00 2.10:1.00 September 30, 2021 3.75 to 1.00 2.10:1.00 December 31, 2021 3.25 to 1.00 March 31, 2022 3.25 to 1.00 June 30, 2022 3.25 to 1.00 September 30, 2022 and thereafter 3.25 to 1.001.90:1.00 ​

Net Leverage Ratio. Beginning with the fiscal quarter ending December 31, 2020, the Company Holdings shall not permit the Net Leverage Ratio as of the last day of any fiscal quarter set forth below Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2020 and ending with the Fiscal Quarter ending December 31, 2021, to be greater than exceed the corresponding correlative ratio set forth belowindicated: ​ Fiscal Quarter EndingNet Leverage Ratio September 30, 2020 2.85:1.00 December 31, 2020 4.00 to 1.00 3.60:1.00 March 31, 2021 4.00 to 1.00 3.10:1.00 June 30, 2021 3.75 to 1.00 2.10:1.00 September 30, 2021 3.75 to 1.00 2.10:1.00 December 31, 2021 3.25 to 1.00 March 31, 2022 3.25 to 1.00 June 30, 2022 3.25 to 1.00 September 30, 2022 and thereafter 3.25 to 1.001.90:1.00 ​