Common use of Net Leverage Ratio Clause in Contracts

Net Leverage Ratio. As of each Quarterly Testing Date, commencing with September 30, 2024, (i) before the first occurrence of an Investment Grade Event, the Net Leverage Ratio will not exceed 5.50 to 1.00 and (ii) from and after the first occurrence of an Investment Grade Event, the Net Leverage Ratio will not exceed 5.00 to 1.00; provided that, if a Specified Acquisition Period is in effect at any time from and after the first occurrence of an Investment Grade Event, the Net Leverage Ratio shall not exceed 5.50 to 1.00.

Net Leverage Ratio. As of each Quarterly Testing Date, commencing with September June 30, 20242022, (i) before the first occurrence of an Investment Grade Event, the Net Leverage Ratio will not exceed 5.50 to 1.00 and (ii) from and after the first occurrence of an Investment Grade Event, the Net Leverage Ratio will not exceed 5.00 to 1.00; provided that, if a Specified Acquisition Period is in effect at any time from and after the first occurrence of an Investment Grade Event, the Net Leverage Ratio shall not exceed 5.50 to 1.00.

Net Leverage Ratio. As of each Quarterly Testing Date, commencing with September June 30, 20242018, (i) before the first occurrence of an Investment Grade Event, the Net Leverage Ratio will not exceed 5.50 to 1.00 and (ii) from and after the first occurrence of an Investment Grade Event, the Net Leverage Ratio will not exceed 5.00 5.25 to 1.00; provided that, if a Specified Acquisition Period is in effect at any time (x) before the first occurrence of an Investment Grade Event, the Net Leverage Ratio shall not exceed 6.00 to 1.00 or (y) from and after the first occurrence of an Investment Grade Event, the Net Leverage Ratio shall not exceed 5.50 5.75 to 1.00.