Common use of Senior Leverage Ratio Clause in Contracts

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit the Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be greater than the ratio set opposite such Test Period below: ​​ Test Period EndedSenior Leverage Ratio March 31, 2022 2.75:1.00 June 30, 2022 2.75:1.00 September 30, 2022 2.70:1.00 December 31, 2022 2.70:1.00 March 31, 2023 2.50:1.00 June 30, 2023 2.50:1.00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 and thereafter 1.75:1.00 ​

Appears in 1 contract

Samples: Credit Agreement (Boxlight Corp)

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Senior Leverage Ratio. Commencing with Holdings and its Subsidiaries, on a consolidated basis, shall not, as of the last day of each fiscal quarter ending December 31, 2021of Holdings and its Subsidiaries during the periods specified below, permit the Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be greater than the ratio set opposite such Test Period belowthan: ​​ Test Period EndedSenior Fiscal Quarter Ending The Senior Leverage Ratio Shall Not Be Greater Than: December 31, 2015 3.50 to 1.0 March 31, 2022 2.75:1.00 2016 3.50 to 1.0 June 30, 2022 2.75:1.00 2016 3.50 to 1.0 September 30, 2022 2.70:1.00 2016 3.50 to 1.0 December 31, 2022 2.70:1.00 2016 3.50 to 1.0 March 31, 2023 2.50:1.00 2017 3.50 to 1.0 June 30, 2023 2.50:1.00 2017 3.50 to 1.0 September 30, 2023 2.25:1.00 2017 3.50 to 1.0 December 31, 2023 2.25:1.00 2017 3.50 to 1.0 March 31, 2024 2.00:1.00 2018 3.50 to 1.0 June 30, 2024 2.00:1.00 2018 3.50 to 1.0 September 30, 2024 2018 3.50 to 1.0 December 31, 2018 3.50 to 1.0 March 31, 2019 3.50 to 1.0 June 30, 2019 3.50 to 1.0 September 30, 2019 and the last day of each fiscal quarter thereafter 1.75:1.00 ​3.50 to 1.0

Appears in 1 contract

Samples: Assignment and Assumption (Addus HomeCare Corp)

Senior Leverage Ratio. Commencing with Holdings and its Subsidiaries, on a consolidated basis, shall not, as of the last day of each fiscal quarter ending December 31, 2021of Holdings and its Subsidiaries during the periods specified below, permit the Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be greater than the ratio set opposite such Test Period belowthan: ​​ Test Period EndedSenior Fiscal Quarter Ending The Senior Leverage Ratio Shall Not Be Greater Than: December 31, 2015 3.50 to 1.0 March 31, 2022 2.75:1.00 2016 3.50 to 1.0 June 30, 2022 2.75:1.00 2016 4.0 to 1.0 September 30, 2022 2.70:1.00 2016 4.0 to 1.0 December 31, 2022 2.70:1.00 2016 4.0 to 1.0 March 31, 2023 2.50:1.00 2017 4.0 to 1.0 June 30, 2023 2.50:1.00 2017 4.0 to 1.0 September 30, 2023 2.25:1.00 2017 4.0 to 1.0 December 31, 2023 2.25:1.00 2017 4.0 to 1.0 March 31, 2024 2.00:1.00 2018 4.0 to 1.0 June 30, 2024 2.00:1.00 2018 4.0 to 1.0 September 30, 2024 2018 4.0 to 1.0 December 31, 2018 4.0 to 1.0 March 31, 2019 4.0 to 1.0 June 30, 2019 4.0 to 1.0 September 30, 2019 and the last day of each fiscal quarter thereafter 1.75:1.00 ​4.0 to 1.0

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Addus HomeCare Corp)

Senior Leverage Ratio. Commencing with As of the last day of each fiscal quarter ending December 31of the Company, 2021, the Company shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) Company then ended to be greater more than the ratio amount set opposite forth below for such Test Period belowfiscal quarter: ​​ Test Period EndedSenior Leverage Ratio Fiscal Quarter Ending Level June 30, 2012 and September 30, 2012 3.65 to 1.00 December 31, 2012 and March 31, 2022 2.75:1.00 2013 3.40 to 1.00 June 30, 2022 2.75:1.00 2013, and September 30, 2022 2.70:1.00 2013 3.60 to 1.00 Fiscal Quarter Ending Level December 31, 2022 2.70:1.00 2013 3.30 to 1.00 March 31, 2023 2.50:1.00 2014 3.05 to 1.00 June 30, 2023 2.50:1.00 2014, and September 30, 2023 2.25:1.00 2014 2.75 to 1.00 December 31, 2023 2.25:1.00 2014 4.70 to 1.00 March 31, 2024 2.00:1.00 2015 4.15 to 1.00 June 30, 2024 2.00:1.00 2015 3.85 to 1.00 September 30, 2024 2015, and December 31, 2015 3.60 to 1.00 March 31, 2016, and each fiscal quarter thereafter 1.75:1.00 ​3.30 to 1.00 ”

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cti Industries Corp)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, The Company shall not permit the its Senior Leverage Ratio of for the Loan Parties (twelve month period ending on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) any date set forth below to be greater than the maximum ratio set forth in the table below opposite such Test Period belowdate: ​​ Test Period EndedSenior Date Maximum Senior Leverage Ratio March 31, 2022 2.75:1.00 2006 4.03 to 1.00 June 30, 2022 2.75:1.00 2006 4.03 to 1.00 September 30, 2022 2.70:1.00 2006 4.03 to 1.00 December 31, 2022 2.70:1.00 2006 4.03 to 1.00 March 31, 2023 2.50:1.00 2007 3.85 to 1.00 June 30, 2023 2.50:1.00 2007 3.68 to 1.00 September 30, 2023 2.25:1.00 2007 3.57 to 1.00 December 31, 2023 2.25:1.00 2007 3.45 to 1.00 March 31, 2024 2.00:1.00 2008 3.16 to 1.00 June 30, 2024 2.00:1.00 2008 2.88 to 1.00 September 30, 2024 2008 2.88 to 1.00 December 31, 2008 2.59 to 1.00 March 31, 2009 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 1.75:1.00 ​2.30 to 1.00 “Senior Leverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).

Appears in 1 contract

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

Senior Leverage Ratio. Commencing with Cause to be maintained as of the last day of each fiscal quarter ending December 31quarter, 2021, permit the a Senior Leverage Ratio of the Loan Parties (for Holdings and its Subsidiaries on a consolidated basis) for Consolidated Basis of not greater than the amount set forth below opposite such fiscal quarter, in each period of case, measured on a trailing four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated quarter basis) to be greater than the ratio set opposite such Test Period below: ​​ Test Period EndedSenior Fiscal Quarter Ending Senior Leverage Ratio March 31, 2020 5.00 to 1.00 June 30, 2020 12.50 to 1.00 September 30, 2020 25.00 to 1.00 December 31, 2020 25.00 to 1.00 March 31, 2021 20.00 to 1.00 June 30, 2021 15.00 to 1.00 .September 30, 2021 10.00 to 1.00 December 31, 2021 9.00 to 1.00 March 31, 2022 2.75:1.00 8.00 to 1.00 June 30, 2022 2.75:1.00 7.50 to 1.00 September 30, 2022 2.70:1.00 7.00 to 1.00 December 31, 2022 2.70:1.00 7.00 to 1.00 March 31, 2023 2.50:1.00 June 30, 2023 2.50:1.00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 and thereafter 1.75:1.00 ​6.50 to 1.00

Appears in 1 contract

Samples: And Security Agreement (GEE Group Inc.)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit Permit the Senior Leverage Ratio as at the last day of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive any fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) quarter set forth below to be greater than exceed the ratio set forth below opposite such Test Period belowfiscal quarter: ​​ Test Period EndedSenior Fiscal Quarter Ending Senior Leverage Ratio September 30, 2002 6.0 to 1 December 31, 2002 5.0 to 1 March 31, 2022 2.75:1.00 2003 4.0 to 1 June 30, 2022 2.75:1.00 2003 4.0 to 1 September 30, 2022 2.70:1.00 2003 3.5 to 1 December 31, 2022 2.70:1.00 2003 3.0 to 1 March 31, 2023 2.50:1.00 2004 2.5 to 1 June 30, 2023 2.50:1.00 2004 2.0 to 1 September 30, 2023 2.25:1.00 2004 2.0 to 1 December 31, 2023 2.25:1.00 2004 2.0 to 1 March 31, 2024 2.00:1.00 2005 2.0 to 1 June 30, 2024 2.00:1.00 2005 2.0 to 1 September 30, 2024 and thereafter 1.75:1.00 ​2005 2.0 to 1 December 31, 2005 2.0 to 1 March 31, 2006 2.0 to 1 June 30, 2006 2.0 to 1 September 30, 2006 2.0 to 1 December 31, 2006 2.0 to 1

Appears in 1 contract

Samples: Birch Telecom Inc /Mo

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, The Borrower shall not permit the Senior Leverage Ratio of for any Test Period for which the Loan Parties (last fiscal quarter ends on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of or about the Loan Parties (on a consolidated basis) date set forth below to be greater than the ratio set forth opposite such Test Period belowdate: ​​ Test Period EndedSenior Fiscal Quarter End Senior Leverage Ratio March 31, 2022 2019 3.00:1.00 June 30, 2019 3.00:1.00 September 30, 2019 3.00:1.00 December 31, 2019 3.00:1.00 March 31, 2020 3.00:1.00 June 30, 2020 3.00:1.00 September 30, 2020 2.75:1.00 December 31, 2020 2.75:1.00 March 31, 2021 2.75:1.00 June 30, 2022 2021 2.75:1.00 September 30, 2022 2.70:1.00 2021 2.50:1.00 December 31, 2022 2.70:1.00 2021 2.50:1.00 March 31, 2023 2022 2.50:1.00 June 30, 2023 2022 2.50:1.00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 2022 and the last day of each fiscal quarter thereafter 1.75:1.00 ​2.25:1.00

Appears in 1 contract

Samples: And Security Agreement (Hc2 Holdings, Inc.)

Senior Leverage Ratio. Commencing with the fiscal quarter ending On or after December 31, 20212006, permit the Senior Leverage Ratio on the last day of the Loan Parties (on a consolidated basis) for each any fiscal quarter during any period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) set forth below to be greater than the ratio set forth opposite such Test Period period below: ​​ Test 69 Period EndedSenior Leverage Ratio December 31, 2006 5.50 to 1.00 March 31, 2022 2.75:1.00 2007 5.50 to 1.00 June 30, 2022 2.75:1.00 2007 5.75 to 1.00 September 30, 2022 2.70:1.00 2007 5.50 to 1.00 December 31, 2022 2.70:1.00 2007 5.00 to 1.00 March 31, 2023 2.50:1.00 2008 4.75 to 1.00 June 30, 2023 2.50:1.00 2008 4.50 to 1.00 September 30, 2023 2.25:1.00 2008 4.25 to 1.00 December 31, 2023 2.25:1.00 2008 4.00 to 1.00 March 31, 2024 2.00:1.00 June 302009 through December 31, 2024 2.00:1.00 September 30, 2024 and thereafter 1.75:1.00 ​2009 3.25 to 1.00 Thereafter 3.00 to 1.00

Appears in 1 contract

Samples: Second Lien Credit Agreement (True Temper Sports Inc)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, Holdings shall not permit the Senior Leverage Ratio as of the Loan Parties (on a consolidated basis) for each period last day of four (4) consecutive fiscal quarters (each a “Test Period”) of any Fiscal Quarter, beginning with the Loan Parties (on a consolidated basis) Fiscal Quarter ending September 30, 2016, to be greater than exceed the correlative ratio set opposite such Test Period belowindicated: ​​ Test Period EndedSenior Fiscal Quarter Ending Senior Leverage Ratio September 30, 2016 2.00:1.00 December 31, 2016 2.00:1.00 March 31, 2022 2.75:1.00 June 30, 2022 2.75:1.00 September 30, 2022 2.70:1.00 December 31, 2022 2.70:1.00 March 31, 2023 2.50:1.00 June 30, 2023 2.50:1.00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2017 2.00:1.00 June 30, 2024 2017 2.00:1.00 September 30, 2024 2017 2.00:1.00 December 31, 2017 2.00:1.00 March 31, 2018 2.00:1.00 Fiscal Quarter Ending Senior Leverage Ratio June 30, 2018 2.00:1.00 September 30, 2018 2.00:1.00 December 31, 2018 1.75:1.00 March 31, 2019 1.75:1.00 June 30, 2019 1.75:1.00 September 30, 2019 1.75:1.00 December 31, 2019 1.50:1.00 March 31, 2020 1.50:1.00 June 30, 2020 1.50:1.00 September 30, 2020 1.50:1.00 December 31, 2020 1.25:1.00 March 31, 2021 1.25:1.00 June 30, 2021 1.25:1.00 September 30, 2021 and thereafter 1.75:1.00 ​1.25:1.00

Appears in 1 contract

Samples: Lease Agreement (OneWater Marine Inc.)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit the Cause to be maintained a Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be not greater than the ratio set opposite such Test Period belowforth below as of the end of each fiscal quarter set forth below during the term of this Agreement, in each case, on a trailing twelve month basis: ​​ Test Period EndedSenior Fiscal Quarter End Senior Leverage Ratio December 31, 2018 4.00x March 31, 2019 3.75x June 30, 2019 3.25x September 30, 2019 2.90x December 31, 2019 2.55x March 31, 2020 2.40x June 30, 2020 2.40x September 30, 2020 2.20x December 31, 2020 2.00x March 31, 2021 1.90x June 30, 2021 1.90x September 30, 2021 1.75x December 31, 2021 1.75x March 31, 2022 2.75:1.00 1.75x June 30, 2022 2.75:1.00 1.75x September 30, 2022 2.70:1.00 1.50x December 31, 2022 2.70:1.00 1.50x March 31, 2023 2.50:1.00 1.50x June 30, 2023 2.50:1.00 1.50x September 30, 2023 2.25:1.00 1.50x December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 and thereafter 1.75:1.00 ​0000 0.00x

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (SMTC Corp)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit the Maintain a Senior Leverage Ratio for the Company on a Consolidated Basis as of the Loan Parties (on a consolidated basis) end of each fiscal quarter set forth below for each the respective period set forth below of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be not greater than the ratio set opposite such Test Period forth below: ​​ Test Period EndedSenior Four Fiscal Quarters Senior Ending on Fiscal Quarter Leverage Ratio December 31, 2003 2.50 to 1.0 March 31, 2022 2.75:1.00 2004 2.50 to 1.0 45 Four Fiscal Quarters Senior Ending on Fiscal Quarter Leverage Ratio June 30, 2022 2.75:1.00 2004 2.50 to 1.0 September 30, 2022 2.70:1.00 2004 2.50 to 1.0 December 31, 2022 2.70:1.00 2004 2.50 to 1.0 March 31, 2023 2.50:1.00 2005 2.25 to 1.0 June 30, 2023 2.50:1.00 2005 2.25 to 1.0 September 30, 2023 2.25:1.00 2005 2.00 to 1.0 December 31, 2023 2.25:1.00 2005 2.00 to 1.0 March 31, 2024 2.00:1.00 2006 2.00 to 1.0 June 30, 2024 2.00:1.00 2006 1.75 to 1.0 September 30, 2024 and thereafter 1.75:1.00 ​2006 1.75 to 1.0 December 31, 2006 1.75 to 1.0 March 30, 2007 1.50 to 1.0 June 30, 2007 1.50 to 1.0 September 30, 2007 1.50 to 1.0

Appears in 1 contract

Samples: Note and Equity Purchase Agreement (Mirion Technologies, Inc.)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, The Borrower shall not permit the Senior Leverage Ratio as of the Loan Parties (on a consolidated basis) for each period last day of four (4) consecutive fiscal quarters (each a “Test Period”) any Fiscal Quarter of the Loan Parties (on a consolidated basis) Borrower set forth below to be greater than the ratio set forth below opposite such Test Period period (provided that, notwithstanding any Fiscal Quarter not being included in the below: ​​ Test Period EndedSenior , 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, 2017 7.20 to 1:00 December 31, 2017 10.20 to 1:00 March 31, 2022 2.75:1.00 2018 10.20 to 1:00 June 30, 2022 2.75:1.00 2018 7.50 to 1:00 September 30, 2022 2.70:1.00 2018 4.80 to 1:00 December 31, 2022 2.70:1.00 2018 4.50 to 1:00 March 31, 2023 2.50:1.00 2019 3.90 to 1:00 June 30, 2023 2.50:1.00 2019 3.90 to 1:00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 2019 and the last day of each Fiscal Quarter ending thereafter 1.75:1.00 ​3.60 to 1:00

Appears in 1 contract

Samples: Second Lien Credit Agreement (Babcock & Wilcox Enterprises, Inc.)

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Senior Leverage Ratio. Commencing with The Credit Parties shall not, as of the last day of each fiscal quarter ending December 31, 2021of Holdings and its Subsidiaries during the periods specified below, permit the Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be greater than the ratio set opposite such Test Period belowthan: ​​ Test Period EndedSenior Fiscal Quarter Ending The Senior Leverage Ratio Shall Not Be Greater Than: June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.25 to 1.0 March 31, 2022 2.75:1.00 2015 3.25 to 1.0 June 30, 2022 2.75:1.00 2015 3.25 to 1.0 September 30, 2022 2.70:1.00 2015 3.25 to 1.0 December 31, 2022 2.70:1.00 2015 3.25 to 1.0 March 31, 2023 2.50:1.00 2016 3.25 to 1.0 June 30, 2023 2.50:1.00 2016 3.25 to 1.0 September 30, 2023 2.25:1.00 2016 3.25 to 1.0 December 31, 2023 2.25:1.00 2016 3.25 to 1.0 March 31, 2024 2.00:1.00 2017 3.25 to 1.0 June 30, 2024 2.00:1.00 2017 3.25 to 1.0 September 30, 2024 and thereafter 1.75:1.00 ​2017 3.25 to 1.0 December 31, 2017 3.25 to 1.0 March 31, 2018 3.25 to 1.0 June 30, 2018 3.25 to 1.0 September 30, 2018 3.25 to 1.0 December 31, 2018 3.25 to 1.0 March 31, 2019 3.25 to 1.0 June 30, 2019 3.25 to 1.0 September 30, 2019 3.25 to 1.0

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Addus HomeCare Corp)

Senior Leverage Ratio. Commencing with Cause to be maintained as of the last day of each fiscal quarter ending December 31quarter, 2021, permit the a Senior Leverage Ratio of the Loan Parties (for Holdings and its Subsidiaries on a consolidated basis) for Consolidated Basis of not greater than the amount set forth below opposite such fiscal quarter, in each period of case, measured on a trailing four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated quarter basis) to be greater than the ratio set opposite such Test Period below: ​​ Test Period EndedSenior Fiscal Quarter Ending Senior Leverage Ratio December 31, 2017 5.25 to 1.00 March 31, 2022 2.75:1.00 2018 5.25 to 1.00 June 30, 2022 2.75:1.00 2018 4.25 to 1.00 September 30, 2022 2.70:1.00 2018 4.00 to 1.00 December 31, 2022 2.70:1.00 2018 3.50 to 1.00 March 31, 2023 2.50:1.00 2019 3.00 to 1.00 June 30, 2023 2.50:1.00 2019 2.75 to 1.00 September 30, 2023 2.25:1.00 2019 2.75 to 1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 2019 and each fiscal quarter ending thereafter 1.75:1.00 ​2.50 to 1.00"

Appears in 1 contract

Samples: And Security Agreement (GEE Group Inc.)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, The Borrower shall not permit the its Senior Leverage Ratio of for the Loan Parties (twelve month period ending on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) any date set forth below to be greater than the maximum ratio set forth in the table below opposite such Test Period belowdate: ​​ Test Period EndedSenior Date Maximum Senior Leverage Ratio March 31, 2022 2.75:1.00 2006 3.50 to 1.00 June 30, 2022 2.75:1.00 2006 3.50 to 1.00 September 30, 2022 2.70:1.00 2006 3.50 to 1.00 December 31, 2022 2.70:1.00 2006 3.50 to 1.00 March 31, 2023 2.50:1.00 2007 3.35 to 1.00 June 30, 2023 2.50:1.00 2007 3.50 to 1.00 September 30, 2023 2.25:1.00 2007 3.50 to 1.00 December 31, 2023 2.25:1.00 2007 3.50 to 1.00 March 31, 2024 2.00:1.00 2008 3.25 to 1.00 June 30, 2024 2.00:1.00 2008 3.00 to 1.00 September 30, 2024 2008 3.00 to 1.00 December 31, 2008 2.75 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 1.75:1.00 ​2.00 to 1.00 “Senior Leverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).”

Appears in 1 contract

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

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit the Cause to be maintained a Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be not greater than the ratio set opposite such Test Period belowforth below as of the end of each fiscal quarter set forth below during the term of this Agreement, in each case, on a trailing twelve month basis: ​​ Test Period EndedSenior Fiscal Quarter End Senior Leverage Ratio December 31, 2018 March 31, 2022 2.75:1.00 0000 0.00x 3.50x June 30, 2019 September 30, 0000 0.00x 2.90x December 31, 2019 March 31, 0000 0.00x 2.40x June 30, 2020 September 30, 0000 0.00x 2.20x December 31, 2020 March 31, 0000 0.00x 1.90x June 30, 2021 September 30, 0000 0.00x 1.75x December 31, 2021 March 31, 0000 0.00x 1.75x June 30, 2022 2.75:1.00 September 30, 2022 2.70:1.00 0000 0.00x 1.50x December 31, 2022 2.70:1.00 March 31, 2023 2.50:1.00 0000 0.00x 1.50x June 30, 2023 2.50:1.00 September 30, 2023 2.25:1.00 0000 0.00x 1.50x December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 and thereafter 1.75:1.00 ​0000 0.00x

Appears in 1 contract

Samples: Security Agreement (SMTC Corp)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, At any time permit the Senior Leverage Ratio determined as of the Loan Parties (on a consolidated basis) for each period last day of four (4) consecutive fiscal quarters (each a “Test Period”) any Four-Quarter Period of the Loan Parties (on a consolidated basis) Borrower set forth below to be greater than the ratio set forth below opposite such Test Four-Quarter Period: Four-Quarter Period belowEnding: ​​ Test Period EndedSenior Maximum Senior Leverage Ratio December 31, 2005 3.25 to 1.00 March 31, 2022 2.75:1.00 2006 3.75 to 1.00 June 30, 2022 2.75:1.00 2006 3.75 to 1.00 September 30, 2022 2.70:1.00 2006 3.50 to 1.00 December 31, 2022 2.70:1.00 2006 3.50 to 1.00 March 31, 2023 2.50:1.00 2007 3.50 to 1.00 June 30, 2023 2.50:1.00 2007 3.50 to 1.00 September 30, 2023 2.25:1.00 2007 3.25 to 1.00 December 31, 2023 2.25:1.00 2007 3.00 to 1.00 March 31, 2024 2.00:1.00 2008 3.00 to 1.00 June 30, 2024 2.00:1.00 2008 3.00 to 1.00 September 30, 2024 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2009 and each Four-Quarter Period ending thereafter 1.75:1.00 ​2.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Jarden Corp)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit the Senior Leverage Ratio of the Loan Parties (on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of the Loan Parties (on a consolidated basis) to be greater than the ratio set opposite such Test Period below: ​​ Test Period EndedSenior Ended Senior Leverage Ratio March 31, 2022 2.75:1.00 June 30, 2022 2.75:1.00 September 30, 2022 2.70:1.00 December 31, 2022 2.70:1.00 March 31, 2023 2.50:1.00 June 30, 2023 2.50:1.00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 and thereafter 1.75:1.00 ​1.75:1.00

Appears in 1 contract

Samples: Credit Agreement (Boxlight Corp)

Senior Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2021, permit Permit the Senior Leverage Ratio of DBM and its Subsidiaries for any Test Period for which the Loan Parties (last fiscal quarter ends on a consolidated basis) for each period of four (4) consecutive fiscal quarters (each a “Test Period”) of or about the Loan Parties (on a consolidated basis) date set forth below to be greater than the ratio set forth opposite such Test Period belowdate: ​​ Test Period EndedSenior Fiscal Quarter End Senior Leverage Ratio March 31, 2022 2019 3.00:1.00 June 30, 2019 3.00:1.00 September 30, 2019 3.00:1.00 December 31, 2019 3.00:1.00 March 31, 2020 3.00:1.00 June 30, 2020 3.00:1.00 September 30, 2020 2.75:1.00 December 31, 2020 2.75:1.00 March 31, 2021 2.75:1.00 June 30, 2022 2021 2.75:1.00 September 30, 2022 2.70:1.00 2021 2.50:1.00 December 31, 2022 2.70:1.00 2021 2.50:1.00 March 31, 2023 2022 2.50:1.00 June 30, 2023 2022 2.50:1.00 September 30, 2023 2.25:1.00 December 31, 2023 2.25:1.00 March 31, 2024 2.00:1.00 June 30, 2024 2.00:1.00 September 30, 2024 2022 and the last day of each fiscal quarter thereafter 1.75:1.00 ​2.25:1.00

Appears in 1 contract

Samples: Financing Agreement (Hc2 Holdings, Inc.)

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