Common use of Senior Leverage Ratio Clause in Contracts

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: 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

Appears in 2 contracts

Sources: Credit Agreement (Panther Expedited Services, Inc.), Credit Agreement (Panther Expedited Services, Inc.)

Senior Leverage Ratio. The Holdings and the Borrower shall will not permit its the Senior Leverage Ratio for as of the twelve month period ending on any date last day of a fiscal quarter set forth below to be greater than exceed the maximum ratio set forth in the table below opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- December 31, 2003 5.65 to 1.00 March 31, 2004 5.65 to 1.00 June 30, 2004 5.65 to 1.00 September 30, 2004 5.50 to 1.00 December 31, 2004 5.25 to 1.00 March 31, 2005 5.25 to 1.00 June 30, 2005 5.25 to 1.00 September 30, 2005 5.00 to 1.00 December 31, 2005 5.00 to 1.00 March 31, 2006 3.50 5.00 to 1.00 June 30, 2006 3.50 4.75 to 1.00 September 30, 2006 3.50 4.75 to 1.00 December 31,2006 3.50 31, 2006 4.50 to 1.00 March 31, 2007 3.35 4.50 to 1.00 June 30, 2007 3.20 4.25 to 1.00 September 30,2007 3.10 30, 2007 4.25 to 1.00 December 31,2007 3.00 31, 2007 4.00 to 1.00 March 31, 2008 2.75 4.00 to 1.00 June 30, 2008 2.50 4.00 to 1.00 September 30, 2008 2.50 4.00 to 1.00 December 31, 2008 2.25 3.75 to 1.00 March 31, 2009 2.25 3.75 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 3.75 to 1.00 September 30, 2009 3.75 to 1.00 December 31, 2009 3.50 to 1.00

Appears in 2 contracts

Sources: Credit Agreement (Dex Media Inc), Credit Agreement (Dex Media West LLC)

Senior Leverage Ratio. The Holdings and the Borrower shall will not permit its the Senior Leverage Ratio for as of the twelve month period ending on any date last day of a fiscal quarter set forth below to be greater than exceed the maximum ratio set forth in the table below opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2003 5.25 to 1.00 June 30, 2003 5.25 to 1.00 September 30, 2003 5.25 to 1.00 December 31, 2003 5.15 to 1.00 March 31, 2004 5.00 to 1.00 June 30, 2004 5.00 to 1.00 September 30, 2004 5.00 to 1.00 December 31, 2004 4.75 to 1.00 March 31, 2005 4.75 to 1.00 June 30, 2005 4.75 to 1.00 September 30, 2005 4.75 to 1.00 December 31, 2005 4.25 to 1.00 March 31, 2006 4.25 to 1.00 June 30, 2006 4.25 to 1.00 September 30, 2006 4.25 to 1.00 December 31, 2006 3.75 to 1.00 March 31, 2007 3.75 to 1.00 June 30, 2007 3.75 to 1.00 September 30, 2007 3.75 to 1.00 December 31, 2007 3.50 to 1.00 March 31, 2008 3.50 to 1.00 June 30, 2006 2008 3.50 to 1.00 September 30, 2006 2008 3.50 to 1.00 December 31,2006 31, 2008 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 3.50 to 1.00

Appears in 2 contracts

Sources: Credit Agreement (Dex Media Inc), Credit Agreement (Dex Media East LLC)

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: 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 31, 2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June 30, 2007 3.20 3.50 to 1.00 September 30,2007 3.10 30, 2007 3.50 to 1.00 December 31,2007 3.00 31, 2007 3.50 to 1.00 March 31, 2008 2.75 3.25 to 1.00 June 30, 2008 2.50 3.00 to 1.00 September 30, 2008 2.50 3.35 to 1.00 December 31, 2008 2.25 3.35 to 1.00 March 31, 2009 2.25 3.25 to 1.00 June 30, 2009 3.20 to 1.00 March 31, 2010 7.50 to 1.00 June 30, 2010 6.50 to 1.00 September 30, 2010 6.25 to 1.00 December 31, 2010 5.50 to 1.00 March 31, 2011 and the last day of each fiscal quarter thereafter 2.00 2.50 to 1.001.00 “Senior Leverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).”

Appears in 1 contract

Sources: Credit Agreement (Panther Expedited Services, Inc.)

Senior Leverage Ratio. The Borrower shall will not permit its the Senior Leverage Ratio for the twelve month period ending on any date Test Period set forth below (1) if a Second Lien Prepayment Event shall have occurred on or before the last day of such Test Period, to be greater than exceed the maximum ratio set forth opposite the last day of such Test Period in Column A of the table set forth below and (2) if a Second Lien Prepayment Event shall not have occurred on or prior to the last day of such Test Period, to exceed the ratio set forth opposite the last day of such dateTest Period in Column B of the table set forth below: March 31, 2006 3.50 to 1.00 June 30, 2006 3.50 to 1.00 September 30, 2006 3.50 2003 5.50 to 1.00 5.50 to 1.00 December 31,2006 3.50 31, 2003 5.50 to 1.00 5.50 to 1.00 March 31, 2007 3.35 2004 5.50 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 2004 5.00 to 1.00 2.25 to 1.00 September 30, 2004 4.50 to 1.00 2.00 to 1.00 December 31, 2004 4.25 to 1.00 2.00 to 1.00 March 31, 2005 4.25 to 1.00 1.75 to 1.00 June 30, 2005 3.75 to 1.00 1.75 to 1.00 September 30, 2005 and the last day of each fiscal quarter Fiscal Quarter thereafter 2.00 1.75 to 1.00 1.75 to 1.00

Appears in 1 contract

Sources: Credit Agreement (Constar International Inc)

Senior Leverage Ratio. The Borrower shall will not permit its the Senior Leverage Ratio for the twelve month any four fiscal quarter period ending on a date falling in any date period set forth below to be greater than the maximum ratio set forth in the table below opposite for such dateapplicable period: March 31, 2006 3.50 to 1.00 June 30, 2006 3.50 to 1.00 From and Including To and Including Ratio ------------------ ------------------ ------------ Closing Date September 30, 2006 3.50 4.50 to 1.00 December 31,2006 3.50 to 1.00 October 1, 2006 March 31, 2007 3.35 4.25 to 1.00 June April 1, 2007 September 30, 2007 3.20 4.00 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 October 1, 2007 March 31, 2008 2.75 3.75 to 1.00 June 30April 1, 2008 2.50 to 1.00 September 30, 2008 2.50 3.50 to 1.00 December 31October 1, 2008 2.25 to 1.00 March 31, 2009 2.25 3.25 to 1.00 June April 1, 2009 September 30, 2009 and the last day of each fiscal quarter thereafter 2.00 3.00 to 1.00 October 1, 2009 March 31, 2010 2.75 to 1.00 April 1, 2010 December 31, 2010 2.50 to 1.00

Appears in 1 contract

Sources: Senior Credit Agreement (Compbenefits Corp)

Senior Leverage Ratio. The Borrower shall Company will not permit its the Senior Leverage Ratio for the twelve month any four fiscal quarter period ending on a date falling in any date period set forth below to be greater than the maximum ratio set forth in the table below opposite for such dateapplicable period: March 31, 2006 3.50 to 1.00 June 30, 2006 3.50 to 1.00 From and Including To and Including Ratio ------------------ ------------------ ------------ Closing Date September 30, 2006 3.50 5.00 to 1.00 December 31,2006 3.50 to 1.00 October 1, 2006 March 31, 2007 3.35 4.75 to 1.00 June April 1, 2007 September 30, 2007 3.20 4.50 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 October 1, 2007 March 31, 2008 2.75 4.25 to 1.00 June 30April 1, 2008 2.50 to 1.00 September 30, 2008 2.50 4.00 to 1.00 December 31October 1, 2008 2.25 to 1.00 March 31, 2009 2.25 3.75 to 1.00 June April 1, 2009 September 30, 2009 and the last day of each fiscal quarter thereafter 2.00 3.50 to 1.00 October 1, 2009 March 31, 2010 3.25 to 1.00 Thereafter 3.00 to 1.00

Appears in 1 contract

Sources: Senior Subordinated Note Purchase Agreement (Compbenefits Corp)

Senior Leverage Ratio. The Holdings and the Borrower shall will not permit its the Senior Leverage Ratio for as of the twelve month period ending on any date last day of a fiscal quarter set forth below to be greater than exceed the maximum ratio set forth in the table below opposite such date: March 31, 2003 5.25 to 1.00 June 30, 2003 5.25 to 1.00 September 30, 2003 5.25 to 1.00 December 31, 2003 5.15 to 1.00 March 31, 2004 5.00 to 1.00 June 30, 2004 5.00 to 1.00 September 30, 2004 5.00 to 1.00 December 31, 2004 4.75 to 1.00 March 31, 2005 4.75 to 1.00 June 30, 2005 4.75 to 1.00 September 30, 2005 4.75 to 1.00 December 31, 2005 4.25 to 1.00 March 31, 2006 4.25 to 1.00 June 30, 2006 4.25 to 1.00 September 30, 2006 4.25 to 1.00 December 31, 2006 3.75 to 1.00 March 31, 2007 3.75 to 1.00 June 30, 2007 3.75 to 1.00 September 30, 2007 3.75 to 1.00 December 31, 2007 3.50 to 1.00 March 31, 2008 3.50 to 1.00 June 30, 2006 2008 3.50 to 1.00 September 30, 2006 2008 3.50 to 1.00 December 31,2006 31, 2008 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 3.50 to 1.00

Appears in 1 contract

Sources: Credit Agreement (Dex Media East LLC)

Senior Leverage Ratio. The Borrower shall will not permit its the Senior Leverage Ratio for Ratio, as at the twelve month end of any Reference Period ending during any period ending on any date described in the table set forth below below, to be greater than the maximum ratio set forth in the table below opposite such dateperiod in such table: March ------------------------------------------------- -------------------- Period (inclusive of end dates) Ratio ------------------------------------------------- -------------------- Closing Date through September 30, 2001 2.50:1.00 October 1, 2001 through December 31, 2006 3.50 to 1.00 2001 2.25:1.00 January 1, 2002 through June 30, 2006 3.50 to 1.00 September 302002 2.15:1.00 July 1, 2006 3.50 to 1.00 2002 through December 31,2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 2002 2.05:1.00 January 1, 2003 through June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 2003 1.85:1.00 July 1, 2003 through December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 2003 1.65:1.00 January 1, 2004 through June 30, 2008 2.50 to 1.00 September 302004 1.50:1.00 July 1, 2008 2.50 to 1.00 2004 through December 31, 2008 2.25 to 1.00 March 312004 1.30:1.00 January 1, 2009 2.25 to 1.00 2005 through June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.002005 1.15:1.00 Thereafter 1.00:1.00 ------------------------------------------------- --------------------

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Il Fornaio America Corp)

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: 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 31, 2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June 30, 2007 3.50 to 1.00 September 30, 2007 3.50 to 1.00 December 31, 2007 3.50 to 1.00 March 31, 2008 3.25 to 1.00 June 30, 2008 3.00 to 1.00 September 30, 2008 3.35 to 1.00 December 31, 2008 3.35 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.20 to 1.00 September 30,2007 30, 2009 3.10 to 1.00 December 31,2007 31, 2009 3.00 to 1.00 March 31, 2008 2.75 2010 2.90 to 1.00 June 30, 2008 2.50 2010 2.80 to 1.00 September 30, 2008 2.50 2010 2.65 to 1.00 December 31, 2008 2.25 2010 and 2.50 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” shall be calculated in the manner set forth in Exhibit 4.2(b).” (i) Section 6.3 of the Credit Agreement is hereby amended by deleting such subsection in its entirety and substituting the following therefor:

Appears in 1 contract

Sources: Credit Agreement (Panther Expedited Services, Inc.)

Senior Leverage Ratio. The Borrower shall not permit its the Senior Leverage Ratio for as of the twelve month day nearest to the period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite and at all times during such date: March 31period, 2006 3.50 to 1.00 June beginning with the period ending September 30, 2006 3.50 2006, to 1.00 exceed the correlative ratio indicated: September 30, 2006 3.50 3.75 to 1.00 December 31,2006 31, 2006 3.50 to 1.00 March 31, 2007 3.35 3.25 to 1.00 June 30, 2007 3.20 3.00 to 1.00 September 30,2007 3.10 30, 2007 2.75 to 1.00 December 31,2007 3.00 31, 2007 2.50 to 1.00 March 31, 2008 2.75 2.50 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 2.00 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00 September 30, 2009 2.00 to 1.00 December 31, 2009 2.00 to 1.00 March 31, 2010 2.00 to 1.00 June 30, 2010 2.00 to 1.00 September 30, 2010 2.00 to 1.00 December 31, 2010 2.00 to 1.00 March 31, 2011 2.00 to 1.00 June 30, 2011 2.00 to 1.00 September 30, 2011 2.00 to 1.00 December 31, 2011 2.00 to 1.00 March 31, 2012 2.00 to 1.00 June 30, 2012 2.00 to 1.00

Appears in 1 contract

Sources: Credit and Guaranty Agreement (American Medical Systems Holdings Inc)

Senior Leverage Ratio. The Borrower Company 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: March 31, 2006 3.50 4.03 to 1.00 June 30, 2006 3.50 4.03 to 1.00 September 30, 2006 3.50 4.03 to 1.00 December 31,2006 3.50 31, 2006 4.03 to 1.00 March 31, 2007 3.35 3.85 to 1.00 June 30, 2007 3.20 3.68 to 1.00 September 30,2007 3.10 30, 2007 3.57 to 1.00 December 31,2007 3.00 31, 2007 3.45 to 1.00 March 31, 2008 2.75 3.16 to 1.00 June 30, 2008 2.50 2.88 to 1.00 September 30, 2008 2.50 2.88 to 1.00 December 31, 2008 2.25 2.59 to 1.00 March 31, 2009 2.25 2.59 to 1.00 June 30, 2009 2.30 to 1.00 September 30, 2009 2.30 to 1.00 December 31, 2009 and the last day of each fiscal quarter thereafter 2.00 2.30 to 1.001.00 “Senior Leverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).

Appears in 1 contract

Sources: Note Purchase Agreement (Panther Expedited Services, Inc.)

Senior Leverage Ratio. The At all times (after giving effect to any Advance), the Borrower shall not permit its Senior Leverage Ratio for to exceed the twelve month period ending on any date ratios set forth below during the periods indicated: Period Senior Leverage Ratio ------------------------------------------- --------------------- Agreement Date through September 30, 2003 3.35 to be greater than the maximum ratio set forth in the table below opposite such date: 1.00 October 1, 2003 through December 31, 2003 3.25 to 1.00 January 1, 2004 through March 31, 2004 3.25 to 1.00 April 1, 2004 through June 30, 2004 3.00 to 1.00 July 1, 2004 through September 30, 2004 3.00 to 1.00 October 1, 2004 through December 31, 2004 2.75 to 1.00 January 1, 2005 through March 31, 2005 2.75 to 1.00 April 1, 2005 through June 30, 2005 2.75 to 1.00 July 1, 2005 through September 30, 2005 2.75 to 1.00 October 1, 2005 through December 31, 2005 2.25 to 1.00 January 1, 2006 through March 31, 2006 3.50 2.25 to 1.00 April 1, 2006 through June 30, 2006 3.50 2.25 to 1.00 July 1, 2006 through September 30, 2006 3.50 2.25 to 1.00 December 31,2006 3.50 to 1.00 March 31For each fiscal quarter from October 1, 2007 3.35 to 1.00 June 2006 through September 30, 2007 3.20 1.75 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31For each fiscal quarter from October 1, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 2007 through 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 1.50 to 1.00

Appears in 1 contract

Sources: Credit Agreement (CBD Media LLC)

Senior Leverage Ratio. The Holdings and the Borrower shall will not permit its the Senior Leverage Ratio for as of the twelve month period ending on any date last day of a fiscal quarter set forth below to be greater than exceed the maximum ratio set forth in the table below opposite such date: FISCAL QUARTER ENDED RATIO March 31, 2003 5.25 to 1.00 June 30, 2003 5.25 to 1.00 September 30, 2003 5.25 to 1.00 December 31, 2003 5.15 to 1.00 March 31, 2004 5.00 to 1.00 June 30, 2004 5.00 to 1.00 September 30, 2004 5.00 to 1.00 December 31, 2004 4.75 to 1.00 March 31, 2005 4.75 to 1.00 June 30, 2005 4.75 to 1.00 September 30, 2005 4.75 to 1.00 December 31, 2005 4.25 to 1.00 March 31, 2006 4.25 to 1.00 June 30, 2006 4.25 to 1.00 September 30, 2006 4.25 to 1.00 December 31, 2006 3.75 to 1.00 March 31, 2007 3.75 to 1.00 June 30, 2007 3.75 to 1.00 September 30, 2007 3.75 to 1.00 December 31, 2007 3.50 to 1.00 March 31, 2008 3.50 to 1.00 June 30, 2006 2008 3.50 to 1.00 September 30, 2006 2008 3.50 to 1.00 December 31,2006 31, 2008 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 3.50 to 1.00

Appears in 1 contract

Sources: Credit Agreement (Dex Media International Inc)