Common use of Net Leverage Ratio Clause in Contracts

Net Leverage Ratio. The Borrowers will not permit the ------------------ Net Leverage Ratio as of the end of any fiscal quarter during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio ------ ----- March 30, 2002 to June 29, 2002 1.75 to 1.00 June 30, 2002 and thereafter 1.50 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Seagate Technology Holdings)

Net Leverage Ratio. The Borrowers will not permit Permit the ------------------ Net Leverage Ratio as of at the end of any fiscal quarter during any period Fiscal Quarter set forth below to exceed be greater than the ratio set forth below opposite such periodFiscal Quarter: Period Ratio ------ ----- March 3031, 2002 to June 29, 2002 1.75 to 1.00 2021 5.50:1.00 June 30, 2002 2021 4.50:1.00 September 30, 2021 and each Fiscal Quarter thereafter 1.50 to 1.00.4.50:1.00

Appears in 1 contract

Sources: Credit Agreement (Team Inc)

Net Leverage Ratio. The Borrowers will not permit the ------------------ Net Leverage Ratio as of the end of any fiscal quarter during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio ------ ----- March 30, 2002 2001, to June 29, 2001 2.00 to 1.00 June 30, 2001 and June 29, 2002 1.75 to 1.00 June 30, 2002 and thereafter 1.50 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Seagate Technology Malaysia Holding Co Cayman Islands)

Net Leverage Ratio. The Borrowers will Borrower shall not permit the ------------------ Net Leverage Ratio as of at the end of any fiscal quarter during any period Fiscal Quarter set forth below to exceed be greater than the ratio set forth below opposite such periodFiscal Quarter: Period Ratio ------ ----- March 3031, 2002 to June 29, 2002 1.75 to 1.00 2020 5.50:1.00 June 30, 2002 2020 5.25:1.00 September 30, 2020 5.00:1.00 December 31, 2020 4.50:1.00 March 31, 2021 4.50:1.00 June 30, 2021 and each Fiscal Quarter thereafter 1.50 to 1.00.4.50:1.00

Appears in 1 contract

Sources: Credit Agreement (Team Inc)

Net Leverage Ratio. The Borrowers will not permit the ------------------ Net Leverage Ratio as of the end of any fiscal quarter during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio ------ ----- March 30, 2002 2001, to June 29, 2001 2.00 to 1.00 June 30, 2001 and June 29, 2002 1.75 to 1.00 June 30, 2002 and thereafter 1.50 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Veritas Software Technology Corp)