Senior Secured Leverage Ratio. Not permit the Senior Secured Leverage Ratio as of the end of any fiscal quarter of the Guarantor to be above the maximum ratio set forth below opposite such fiscal quarter: Fiscal Quarter Ending Maximum Senior Secured Leverage Ratio Fourth Quarter 2013 3.50:1.00 First Quarter 2014 3.50:1.00 Second Quarter 2014 3.25:1.00 Third Quarter 2014 3.00:1.00 Fourth Quarter 2014 and Each Fiscal Quarter Thereafter 2.75:1.00
Senior Secured Leverage Ratio. The Borrower shall not permit the Senior Secured Leverage Ratio as of the last day of any fiscal quarter set forth below to be greater than the ratio set forth below opposite such quarter: Quarter Ended Maximum Ratio March 31, 2008 4.25:1.00 June 30, 2008 4.25:1.00 September 30, 2008 4.25:1.00 December 31, 2008 4.00:1.00 March 31, 2009 4.00:1.00 June 30, 2009 4.00:1.00 September 30, 2009 4.00:1.00 December 31, 2009 3.50:1.00 March 31, 2010 3.50:1.00 June 30, 2010 3.50:1.00 September 30, 2010 3.50:1.00 December 31, 2010 3.00:1.00 March 31, 2011 3.00:1.00 June 30, 2011 3.00:1.00 September 30, 2011 3.00:1.00 December 31, 2011 2.75:1.00 March 31, 2012 2.75:1.00 June 30, 2012 2.75:1.00 September 30, 2012 2.75:1.00 December 31, 2012 and thereafter 2.50:1.00
Senior Secured Leverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, to be greater than 3.00 to 1.00.
Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio as of the last day of any period of four consecutive fiscal quarter of the Borrower to exceed 3.0 to 1.0.
Senior Secured Leverage Ratio. The Parent will not, as of the last day of any fiscal quarter, permit the Senior Secured Leverage Ratio as of such date, to be greater than to be greater than 3.00 to 1.00.
Senior Secured Leverage Ratio. Unless compliance herewith is waived by the Majority Lenders under the Revolving Facility, the Borrower will not permit for any Test Period ending on the last date of any Fiscal Quarter, the Senior Secured Leverage Ratio to exceed 3.75 to 1.00.
Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit the Senior Secured Leverage Ratio on the last day of any fiscal quarter, to be in excess of 3.75 to 1.00.
Senior Secured Leverage Ratio. The Borrowers shall not at any time permit the Senior Secured Leverage Ratio, calculated as of the end of each fiscal quarter, to exceed the maximum ratio set forth below for such fiscal quarter;
Senior Secured Leverage Ratio. The Company will not permit the Senior Secured Leverage Ratio on the last day of any of the Company’s fiscal quarters ending prior to December 31, 2025 to exceed 4.75 to 1.00 and will not permit the Senior Secured Leverage Ratio on the last day of any of the Company’s fiscal quarters ending on or after December 31, 2025 to exceed 3.75 to 1.00.
Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio during any period set forth below to exceed the applicable ratio set forth below opposite such period: Period Maximum Ratio ------ ------------- September 30, 2001 - June 29, 2002 3.00 to 1.00 June 30, 2002 and all times thereafter 2.50 to 1.00
