Common use of Net Leverage Ratio Clause in Contracts

Net Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2015, the 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 to be greater than the maximum ratio specified below during the period opposite such maximum ratio: September 30, 2015 3.50 to 1.00 December 31, 2015 3.50 to 1.00 March 31, 2016 3.25 to 1.00 June 30, 2016 3.25 to 1.00 September 30, 2016 3.25 to 1.00 December 31, 2016 and thereafter 3.00 to 1.00

Net Leverage Ratio. Commencing Beginning with the Fiscal Quarter fiscal quarter ending September 30December 31, 20152020, the Credit Parties will Company shall not permit the Net Leverage Ratio of the Credit Parties and their Subsidiaries as of the last day of any Fiscal Quarter fiscal quarter set forth below to be greater than the maximum corresponding ratio specified below during the period opposite such maximum ratioset 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, 2015 3.50 2021 3.75 to 1.00 December 31, 2015 3.50 2021 3.75 to 1.00 March 31, 2016 3.25 2022 3.75 to 1.00 June 30, 2016 3.25 2022 3.75 to 1.00 September 30, 2016 3.25 to 1.00 December 31, 2016 2022 and thereafter 3.00 3.50 to 1.00

Net Leverage Ratio. Commencing Beginning with the Fiscal Quarter fiscal quarter ending September 30December 31, 20152020, the Credit Parties will Company shall not permit the Net Leverage Ratio of the Credit Parties and their Subsidiaries as of the last day of any Fiscal Quarter fiscal quarter set forth below to be greater than the maximum corresponding ratio specified below during the period opposite such maximum ratioset 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, 2015 3.50 2021 3.75 to 1.00 December 31, 2015 3.50 2021 3.25 to 1.00 March 31, 2016 2022 3.25 to 1.00 June 30, 2016 2022 3.25 to 1.00 September 30, 2016 2022 and thereafter 3.25 to 1.00 December 31, 2016 and thereafter 3.00 to 1.00