Common use of Senior Leverage Ratio Clause in Contracts

Senior Leverage Ratio. The Senior Leverage Ratio, as of the end of each fiscal quarter, shall be less than or equal to: (i) From the Effective Date to and including May 31, 1998, 3.25 to 1.0; (ii) From June 1, 1998 to and including August 31, 1998, 3.0 to 1.0; and (iii) From September 1, 1998 and thereafter, 2.50 to 1.0.

Appears in 2 contracts

Sources: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

Senior Leverage Ratio. The At any time during any period set forth below, permit the Senior Leverage Ratio, as of Ratio to be greater than the end of each fiscal quarter, shall be less than or equal to: (i) From the Effective ratio set forth below opposite such period: Closing Date to and including May September 29, 2004 4.30:1.00 September 30, 2004 to March 30, 2005 4.00:1.00 March 31, 19982005 to June 29, 3.25 2005 3.85:1.00 June 30, 2005 to 1.0; (ii) From June 1September 29, 1998 2005 3.75:1.00 September 30, 2005 to and including August December 30, 2005 3.65:1.00 December 31, 19982005 to March 30, 3.0 2006 3.50:1.00 March 31, 2006 to 1.0; and (iii) From December 30, 2006 3.25:1.00 December 31, 2006 to June 29, 2007 3.00:1.00 June 30, 2007 to September 129, 1998 and thereafter2007 2.75:1.00 September 30, 2.50 2007 - March 30, 2008 2.50:1.00 March 31, 2008 to 1.0.December 30, 2008 2.25:1.00 December 31, 2008 to Tranche B Maturity Date 2.00:1.00

Appears in 2 contracts

Sources: Credit Agreement (Language Line Costa Rica, LLC), Credit Agreement (Language Line Holdings, Inc.)

Senior Leverage Ratio. The As of the close of business on any day on and after the Closing Date, the Senior Leverage Ratio, as of Ratio at such date will not be greater than the end of each fiscal quarter, shall be less than or equal to: (i) From ratio set forth below opposite the Effective period during which such date occurs: Closing Date to and including May through March 31, 1998, 2004 3.25 to 1.0; (ii) From June 1.0 April 1, 1998 2004 through June 30, 2004 3.25 to and including August 1.0 July 1, 2004 through September 30, 2004 3.25 to 1.0 October 1, 2004 through December 31, 19982004 3.00 to 1.0 January 1, 3.0 2005 through March 31, 2005 3.00 to 1.0 April 1, 2005 through June 30, 2005 2.75 to 1.0 July 1, 2005 through September 30, 2005 2.75 to 1.0 October 1, 2005 through December 31, 2005 2.50 to 1.0 January 1, 2006 through March 31, 2006 2.50 to 1.0 April 1, 2006 through June 30, 2006 2.25 to 1.0 July 1, 2006 through September 30, 2006 2.25 to 1.0 October 1, 2006 and thereafter 2.00 to 1.0; and (iii) From September 1, 1998 and thereafter, 2.50 to 1.0.

Appears in 2 contracts

Sources: Credit Agreement (Central Credit, LLC), Credit Agreement (Global Cash Access, Inc.)

Senior Leverage Ratio. The At all times, the Senior Leverage Ratio, as of Ratio during the end of each fiscal quarter, following periods shall be less than or equal to: (i) From the Effective : Closing Date through April 30, 2005 3.50 to and including 1.0 May 311, 19982005 through April 30, 2007 3.25 to 1.0; (ii) From June 1.0 May 1, 1998 2007 through April 30, 2008 3.00 to 1.0 May 1, 2008 and including August 31, 1998, 3.0 thereafter 2.75 to 1.0; and (iii) From September 1, 1998 and thereafter, 2.50 to 1.0.

Appears in 2 contracts

Sources: Credit Agreement (Nci Building Systems Inc), Credit Agreement (Nci Building Systems Inc)

Senior Leverage Ratio. The Senior Leverage Ratio, as of the end last day of each fiscal quarterquarter of the Company and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to: (i) From to the Effective following: Closing Date to through and including May July 31, 1998, 3.25 2005 2.50 to 1.0; (ii) From June 1.00 August 1, 1998 to 2005 through and including August 31April 30, 1998, 3.0 2006 2.25 to 1.0; and (iii) From September 1.00 May 1, 1998 2006 and thereafter, 2.50 thereafter 2.00 to 1.0.1.00

Appears in 1 contract

Sources: Credit Agreement (Newark Group Inc)

Senior Leverage Ratio. The At any time during any period set forth below, permit the Senior Leverage Ratio, as of Ratio to be greater than the end of each fiscal quarter, shall be less than or equal to: (i) From the Effective ratio set forth below opposite such period: Closing Date to and including May December 31, 1998, 3.25 to 1.0; (ii) From June 2004 5.60 January 1, 1998 2005 to and including August March 31, 1998, 3.0 to 1.0; and (iii) From September 2005 5.45 April 1, 1998 and thereafter2005 to June 30, 2.50 2005 5.30 July 1, 2005 to 1.0.September 30, 2006 5.00 October 1, 2006 to September 30, 2007 6.00 October 1, 2007 to March 31, 2008 5.75 April 1, 2008 to June 30, 2008 5.50 July 1, 2008 to September 30, 2008 5.25 October 1, 2008 to June 30, 2009 5.00 July 1, 2009 to September 30, 2009 4.75 October 1, 2009 to Tranche B-2 Maturity Date 4.50

Appears in 1 contract

Sources: Credit Agreement (Atlantic Broadband Finance, LLC)

Senior Leverage Ratio. The At all times, the Senior Leverage Ratio, as of Ratio during the end of each fiscal quarter, following periods shall be less than or equal to: (i) From the Effective : Period Maximum Ratio ------------------------------------------ ------------- Closing Date to and including through May 31, 1998, 3.25 2005 3.0 to 1.0; (ii) From 1.0 June 1, 1998 to 2005 and including August 31, 1998, 3.0 thereafter 2.5 to 1.0; and (iii) From September 1, 1998 and thereafter, 2.50 to 1.0.

Appears in 1 contract

Sources: Credit Agreement (Gencorp Inc)

Senior Leverage Ratio. The At all times during the periods indicated below, the Senior Leverage Ratio, as Ratio for the twelve month period ending on any date of the end of each fiscal quarter, determination during any such period shall be less than or equal to: (i) From to the Effective following: Closing Date through June 30, 2005 1.25 to and including May 31, 1998, 3.25 to 1.0; (ii) From June 1.00 July 1, 1998 2005 and thereafter 1.00 to and including August 31, 1998, 3.0 to 1.0; and (iii) From September 1, 1998 and thereafter, 2.50 to 1.0.1.00

Appears in 1 contract

Sources: Credit Agreement (Bradley Pharmaceuticals Inc)

Senior Leverage Ratio. The At any time during any period set forth below, permit the Senior Leverage Ratio, as of Ratio to be greater than the end of each fiscal quarter, shall be less than or equal to: (i) From the Effective ratio set forth below opposite such period: Closing Date to and including May December 31, 1998, 3.25 to 1.0; (ii) From June 2004 5.60 January 1, 1998 2005 to and including August March 31, 1998, 3.0 to 1.0; and (iii) From September 2005 5.45 April 1, 1998 and thereafter2005 to June 30, 2.50 2005 5.30 July 1, 2005 to 1.0.September 30, 2005 5.15 October 1, 2005 to December 31, 2005 5.00 January 1, 2006 to March 31, 2006 4.75 April 1, 2006 to June 30, 2006 4.50 July 1, 2006 to September 30, 2006 4.25 October 1, 2006 to December 31, 2006 4.00 January 1, 2007 to March 31, 2007 3.75 April 1, 2007 to September 30, 2007 3.50 October 1, 2007 to December 31, 2007 3.25 January 1, 2008 to June 30, 2008 3.00 July 1, 2008 to December 31, 2008 2.75 January 1, 2009 to Tranche B-1 Maturity Date 2.50

Appears in 1 contract

Sources: Credit Agreement (Atlantic Broadband Finance, LLC)

Senior Leverage Ratio. The At all times during the periods indicated below, the Senior Leverage Ratio, as Ratio for the twelve month period ending on any date of the end of each fiscal quarter, determination during any such period shall be less than or equal to: (i) From to the Effective following: Ratio Closing Date through June 30, 2005 2.50 to and including May 31, 1998, 3.25 to 1.0; (ii) From June 1.00 July 1, 1998 2005 through June 30, 2006 2.25 to and including August 31, 1998, 3.0 to 1.0; and (iii) From September 1.00 July 1, 1998 2006 and thereafter, 2.50 thereafter 2.00 to 1.0.1.00

Appears in 1 contract

Sources: Credit Agreement (Bradley Pharmaceuticals Inc)

Senior Leverage Ratio. The Senior Leverage Ratio, as of the end last day of each fiscal quarterquarter occurring during the periods indicated below, shall be less than or equal to: (i) From to the Effective following: Period Ratio ------ ----- Closing Date to through and including May September 30, 2000 3.25 to 1.0 October 1, 2000 through and including December 31, 19982000 3.00 to 1.0 January 1, 3.25 2001 through and including June 30, 2001 2.75 to 1.0 July 1, 2001 through and including December 31, 2001 2.50 to 1.0 January 1, 2002 and thereafter 2.25 to 1.0; (ii) From June 1, 1998 to and including August 31, 1998, 3.0 to 1.0; and (iii) From September 1, 1998 and thereafter, 2.50 to 1.0.

Appears in 1 contract

Sources: Credit Agreement (Sleepmaster LLC)

Senior Leverage Ratio. The At any time during any period set forth below, permit the Senior Leverage Ratio, as of Ratio to be greater than the end of each fiscal quarter, shall be less than or equal to: (i) From the Effective ratio set forth below opposite such period: Closing Date to and including May December 31, 1998, 3.25 to 1.0; (ii) From June 2004 5.60 January 1, 1998 2005 to and including August March 31, 1998, 3.0 to 1.0; and (iii) From September 2005 5.45 April 1, 1998 and thereafter2005 to June 30, 2.50 2005 5.30 July 1, 2005 to 1.0.September 30, 2005 5.15 October 1, 2005 to December 31, 2005 5.00 January 1, 2006 to March 31, 2006 4.75 April 1, 2006 to June 30, 2006 4.50 July 1, 2006 to September 30, 2006 4.25 October 1, 2006 to December 31, 2006 4.00 January 1, 2007 to March 31, 2007 3.75 April 1, 2007 to September 30, 2007 3.50 October 1, 2007 to December 31, 2007 3.25 January 1, 2008 to June 30, 2008 3.00 July 1, 2008 to December 31, 2008 2.75 January 1, 2009 to Tranche B Maturity Date 2.50

Appears in 1 contract

Sources: Credit Agreement (Atlantic Broadband Management, LLC)