Common use of Senior Leverage Ratio Clause in Contracts

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 3 contracts

Sources: Credit Agreement (Heartland Payment Systems Inc), Credit Agreement (Heartland Payment Systems Inc), Credit Agreement (Heartland Payment Systems Inc)

Senior Leverage Ratio. The Borrower will not Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as of the last day of each Fiscal Quarter, permit the Senior Leverage Ratio to be greater than 2.25 1.00 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 3 contracts

Sources: Credit Agreement (Fortegra Group, LLC), Credit Agreement (Fortegra Group, LLC), Credit Agreement (Tiptree Inc.)

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 exceed (a) 1.75 to 1.00, determined 1.00 on any date after the last day of each fiscal quarterly period Borrower has delivered audited financial statements for the four fiscal quarters year ending December 31, 2005, on such which the Leverage Ratio exceeds 2.00 to 1.00 or (b) 2.00 to 1.00 on any other date.

Appears in 2 contracts

Sources: Credit Agreement (Symbol Technologies Inc), Credit Agreement (Symbol Technologies Inc)

Senior Leverage Ratio. The Borrower will not As of the last day of any fiscal quarter of the Borrower, permit the Senior Leverage Ratio to be greater than 2.25 2.0 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date1.0.

Appears in 2 contracts

Sources: Credit Agreement (Eresearchtechnology Inc /De/), Credit Agreement (Eresearchtechnology Inc /De/)

Senior Leverage Ratio. The Borrower Borrowers will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00Ratio, determined on as of the last day of each any fiscal quarterly period for the four fiscal quarters ending on such datequarter, to be more than 4.50 to 1.00.

Appears in 2 contracts

Sources: Credit Agreement (Dolan Media CO), Credit Agreement (Dolan Media CO)

Senior Leverage Ratio. The Borrower Borrowers will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00Ratio, determined on as of the last day of each any fiscal quarterly period for the four fiscal quarters ending on such datequarter, to be more than 3.50 to 1.00.

Appears in 2 contracts

Sources: Credit Agreement (Dolan Media CO), Credit Agreement (Dolan Media CO)

Senior Leverage Ratio. The Borrower will not Commencing with the Fiscal Quarter ending December 31, 2022, the Borrowers shall not, as of the last day of each Fiscal Quarter, permit the Senior Leverage Ratio to be greater than 2.25 1.00 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 2 contracts

Sources: Credit Agreement (Fortegra Group, Inc), Credit Agreement (Tiptree Inc.)

Senior Leverage Ratio. The As of the end of each Fiscal --------------------- Quarter through the last Saturday of September, 1999, Borrower will shall not permit the its Senior Leverage Ratio to be greater than 2.25 exceed 2.75 to 1.00 and as of the end of each Fiscal Quarter thereafter, Borrower shall not permit its Senior Leverage Ratio to exceed 2.50 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 1 contract

Sources: Credit Agreement (Renaissance Worldwide Inc)

Senior Leverage Ratio. The Borrower will shall not permit the Senior Leverage Ratio Ratio, as of the last day of any fiscal quarter of the Companies during the following periods, to be greater than 2.25 the ratio set forth opposite such period below: During fiscal year 2013 3.50 to 1.00 During fiscal year 2014 3.25 to 1.00 March 31, 2015 and thereafter 3.00 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 1 contract

Sources: Credit Agreement (Red Lion Hotels CORP)

Senior Leverage Ratio. The Borrower will not shall not, as of the last day of any fiscal quarter, permit the Senior Leverage Ratio to be greater than exceed 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date1.0.

Appears in 1 contract

Sources: Credit Agreement (Cardtronics Inc)

Senior Leverage Ratio. The Commencing with the fiscal quarter ending December 31, 2021, the Borrower will not and its Subsidiaries shall not, as of the last day of each fiscal quarter of the Borrower ending during the periods specified below, permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date2.00:1.00.

Appears in 1 contract

Sources: Credit Agreement (Limbach Holdings, Inc.)

Senior Leverage Ratio. The Borrower will Borrowers shall not permit the Senior Leverage Ratio as of the last day of any Fiscal Quarter to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 1 contract

Sources: Credit Agreement (Curative Health Services Inc)

Senior Leverage Ratio. The Borrower will not permit the its Senior Leverage Ratio Ratio, determined as of the end of each of its fiscal quarters, to be greater than exceed 2.50 to 1.00 starting with the fiscal quarter ending February 28, 2006 through the last fiscal quarter of Borrower’s fiscal year 2006, 2.25 to 1.001.00 from the first fiscal quarter of Borrower’s fiscal year 2007 through the third quarter of Borrower’s fiscal year 2007, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such dateand 2.00 to 1.00 thereafter.

Appears in 1 contract

Sources: Credit Agreement (Matrix Service Co)

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio (tested at the end of each fiscal quarter) to be greater than (a) 2.25 to 1.001.00 at the end of any fiscal quarter occurring during the period from and including December 31, determined on 2001 through September 30, 2003, (b) 2.20 to 1.00 at the last day end of each any fiscal quarterly quarter occurring during the period for from and including December 31, 2003 through September 30, 2004, (c) 1.90 to 1.00 at the four end of any fiscal quarters ending on such datequarter occurring during the period from and including December 31, 2004 through September 30, 2005 and (d) 1.50 to 1.00 thereafter."

Appears in 1 contract

Sources: Credit Agreement (Home Interiors & Gifts Inc)

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on at the last day of each fiscal quarterly period for the four fiscal quarters ending on such dateany Test Period to exceed 2.50:1.00.

Appears in 1 contract

Sources: Credit Agreement (Seminis Inc)

Senior Leverage Ratio. The Borrower Borrowers will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00Ratio, determined for any period of four consecutive Fiscal Quarters ending on the last day of each fiscal quarterly period Fiscal Quarter, to be greater than (i) 4.00:1.00, for the four fiscal quarters ending on such dateperiod from Amendment No. 1 Effective Date until December 31, 2012, (ii) 3.75:1.00, for the period from January 1, 2013 until December 31, 2013, and (iii) 3.50:1.00, for each period thereafter.

Appears in 1 contract

Sources: Credit Agreement (Pilgrims Pride Corp)

Senior Leverage Ratio. The Borrower will shall not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on as of the last day of each any fiscal quarterly period for the four fiscal quarters ending on such datequarter to exceed 2.15:1.00.

Appears in 1 contract

Sources: Credit Agreement (Monitronics International Inc)

Senior Leverage Ratio. The Borrower will shall not at any time permit the Senior Leverage Ratio to be greater than 2.25 to 1.00Ratio, determined on calculated as of the last day end of each fiscal quarterly period for the four fiscal quarters ending on such datequarter, to exceed 3.00 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Triumph Group Inc)

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.001.00 as of the end of any fiscal quarter of the Borrower, determined on commencing with the last day of each fiscal quarterly period for the four fiscal quarters quarter ending on such dateDecember 31, 2009.

Appears in 1 contract

Sources: Bridge Loan Agreement (Heartland Payment Systems Inc)

Senior Leverage Ratio. The Borrower will shall not permit the Senior Leverage Ratio ending at the end of any month to be greater than 2.25 exceed 2.75 to 1.00, determined on . Senior Leverage Ratio shall be calculated in the last day of each fiscal quarterly period for the four fiscal quarters ending on such datemanner set forth in Exhibit 4.2(b).

Appears in 1 contract

Sources: Credit Agreement (Life Time Fitness Inc)

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on as of the last day of each any fiscal quarterly period for the four fiscal quarters ending on such datequarter to exceed 2.00 to 1.00.

Appears in 1 contract

Sources: Credit Agreement (Cephalon Inc)

Senior Leverage Ratio. The Borrower will shall not permit the Senior Leverage Ratio Ratio, as of the last day of any fiscal quarter of the Companies, commencing with the fiscal quarter ending December 31, 2010, to be greater than 2.25 4.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date1.0.

Appears in 1 contract

Sources: Credit Agreement (Red Lion Hotels CORP)

Senior Leverage Ratio. The Commencing with the fiscal quarter ending March 31, 2023, the Borrower will not and its Subsidiaries shall not, as of the last day of each fiscal quarter of the Borrower ending during the periods specified below, permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date2.00:1.00.

Appears in 1 contract

Sources: Credit Agreement (Limbach Holdings, Inc.)

Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio as of the last day of any fiscal quarter to be greater than 2.25 (a) 3.5 to 1.00, determined on 1.0; and (b) 3.0 to 1.0 if at the last day end of each such fiscal quarterly period for the four fiscal quarters ending on such datequarter Subordinated Indebtedness is outstanding.

Appears in 1 contract

Sources: Credit Agreement (Lason Inc)

Senior Leverage Ratio. The As of the last day of any fiscal quarter, during any period set forth below, the Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters immediately ending on such dateprior to the date of determination to be greater than 2.75:1.00.

Appears in 1 contract

Sources: Credit Agreement (Lecroy Corp)

Senior Leverage Ratio. The Borrower will shall not permit the Senior Leverage Ratio at the end of any fiscal quarter ending on or after June 30, 2011 to be greater than 2.25 2.50 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Drilling Co)

Senior Leverage Ratio. The Borrower will not shall not, as of the last day of any fiscal quarter of the Borrower, permit the Senior Leverage Ratio to be greater than 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date3.25.

Appears in 1 contract

Sources: Credit Agreement (Granite City Food & Brewery LTD)