Senior Leverage Ratio Sample Clauses

Senior Leverage Ratio. The Senior Leverage Ratio during any period set forth below shall not exceed the ratio set forth below opposite such period: SENIOR PERIOD LEVERAGE RATIO ------ -------------- March 31, 2002-December 30, 2002 5.25:1.00 December 31, 2002-December 30, 2003 3.25:1.00 December 31, 2003 and thereafter 2.50:1.00
Senior Leverage Ratio. The Borrower shall not permit its Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such date: Date Maximum Senior Leverage Ratio March 31, 2006 3.50 to 1.00 June 30, 2006 3.50 to 1.00 September 30, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00
Senior Leverage Ratio. (i) In the event that the Securitization Entities incur, repay, repurchase or redeem any Senior Notes subsequent to the commencement of the period for which the Senior Leverage Ratio is being calculated but prior to the event for which the calculation of the Senior Leverage Ratio is made, then the Senior Leverage Ratio shall be calculated giving pro forma effect to such incurrence, repayment, repurchase or redemption of Senior Notes, as if the same had occurred at the beginning of the applicable preceding four Quarterly Fiscal Periods (including in the case of any incurrence or issuance, a pro forma application of the net proceeds therefrom); provided that the Manager may elect pursuant to an Officer’s Certificate delivered to the Trustee (with respect to which the Trustee shall have no obligation of any nature whatsoever) to treat all or any portion of the commitment under any Senior Notes as being incurred at such time, in which case any subsequent incurrence of Senior Notes under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time.
Senior Leverage Ratio. The Borrower shall not permit the Senior Leverage Ratio as of the last day of any Fiscal Quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such period (provided that, notwithstanding any Fiscal Quarter not being included in the below, the Borrower shall include a reasonably detailed calculation of the Senior Leverage Ratio in the Compliance Certificate delivered pursuant to Section 6.01(c) with respect to such Fiscal Quarter): Fiscal Quarters Ending Maximum Senior Leverage Ratio September 30,December 31, 2018 9.75:1:00N/A DecemberMarch 31, 20182019 9.009.75:1:00 March 31June 30, 2019 4.009.25:1:00 JuneSeptember 30, 2019 3.506.75:1:00 September 30,December 31, 2019 3.06.00:1:00 DecemberMarch 31, 2019 and the last day of each Fiscal Quarter ending thereafter2020 3.03.50:1:00 June 30, 2020 3.25:1:00 ; provided that, for purposes of compliance with this clause (b) as of the last day of the Fiscal Quarter ended March 31, 2019 only, the Senior Leverage Ratio shall be calculated by giving effect to the prepayment of Revolving Credit Loans on April 5, 2019 as if such prepayment was made on March 31, 2019.
Senior Leverage Ratio. The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.
Senior Leverage Ratio. The Senior Leverage Ratio, as of the last day of each fiscal quarter of the Consolidated Parties, to be less than or equal to:
Senior Leverage Ratio. Permit the Senior Leverage Ratio of the Ultimate Parent and its Subsidiaries, measured for the four consecutive Fiscal Quarter period ending as of the last day of each Fiscal Quarter of the Ultimate Parent and its Subsidiaries set forth below, to be greater than the ratio set forth opposite such date: Fiscal Quarter Ending On or About Senior Leverage Ratio March 31, 2016 2.35:1.00 June 30, 2016 2.97:1.00 September 30, 2016 3.76:1.00 December 31, 2016 3.56:1.00 March 31, 2017 3.40:1.00 June 30, 2017 3.26:1.00 September 30, 2017 3.25:1.00 December 31, 2017 and each Fiscal Quarter ended thereafter 2.83:1.00
Senior Leverage Ratio. Permit the Senior Leverage Ratio of the Borrower and its Subsidiaries for any period of 4 consecutive fiscal quarters of the Borrower and its Subsidiaries for which the last fiscal quarter ends on a date set forth below to be greater than the ratio set forth opposite such date: Fiscal Quarter End Senior Leverage Ratio March 31, 2012 3.00:1.00 June 30, 2012 3.00:1.00 September 30, 2012 3.10:1.00 December 31, 2012 3.00:1.00 March 31, 2013 2.75:1.00 June 30, 2013 2.75:1.00 September 30, 2013 2.75:1.00 December 31, 2013 2.50:1.00 March 31, 2014 2.50:1.00 June 30, 2014 2.50:1.00 September 30, 2014 2.50:1.00 December 31, 2014 2.25:1.00 March 31, 2015 2.25:1.00 June 30, 2015 2.00:1.00 September 30, 2015 2.00:1.00 December 31, 2015 2.00:1.00 March 31, 2016 and each fiscal quarter ended thereafter 2.00:1.00
Senior Leverage Ratio. Holdings shall not permit the Senior Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 2007, to exceed the correlative ratio indicated: FISCAL QUARTER SENIOR LEVERAGE RATIO March 31, 2007 3.75:1.00 June 30, 2007 3.75:1.00 September 30, 2007 3.50:1.00 December 31, 2007 3.50:1.00 March 31, 2008 3.25:1.00 June 30, 2008 3.00:1.00 September 30, 2008 2.75:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.50:1.00 June 30, 2009 2.50:1.00 September 30, 2009 2.25:1.00 December 31, 2009 2.25:1.00 FISCAL QUARTER SENIOR LEVERAGE RATIO March 31, 2010 2.00:1.00 June 30, 2010 2.00:1.00 September 30, 2010 2.00:1.00 December 31, 2010 2.00:1.00 Thereafter 2.00:1.00
Senior Leverage Ratio. See §10.3.