Senior Secured Leverage Ratio Sample Clauses

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. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2003 3.85 to 1.00 June 30, 2003 3.85 to 1.00 September 30, 2003 3.85 to 1.00 December 31, 2003 3.70 to 1.00 March 31, 2004 3.60 to 1.00 June 30, 2004 3.60 to 1.00 September 30, 2004 3.50 to 1.00 December 31, 2004 3.25 to 1.00 March 31, 2005 3.25 to 1.00 June 30, 2005 3.25 to 1.00 September 30, 2005 3.25 to 1.00 December 31, 2005 2.75 to 1.00 March 31, 2006 2.75 to 1.00 98 June 30, 2006 2.75 to 1.00 September 30, 2006 2.75 to 1.00 December 31, 2006 2.50 to 1.00 March 31, 2007 2.50 to 1.00 June 30, 2007 2.50 to 1.00 September 30, 2007 2.50 to 1.00 December 31, 2007 2.00 to 1.00 March 31, 2008 2.00 to 1.00 June 30, 2008 2.00 to 1.00 September 30, 2008 2.00 to 1.00 December 31, 2008 2.00 to 1.00 March 31, 2009 2.00 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. Permit the Senior Secured Leverage Ratio on the last day of any fiscal quarter (beginning with the fiscal quarter ended September 30, 2008, but excluding any fiscal quarter the last day of which occurs during a Covenant Suspension Period) to exceed 4.75 to 1.00.
Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.00 to 1.00.
Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio as at the last day of any period of four consecutive fiscal quarters ending on or nearest to the date set forth below to exceed the ratio set forth below opposite such date: December 31, 2008 7.00 to 1.00 March 31, 2009 7.00 to 1.00 June 30, 2009 6.75 to 1.00 September 30, 2009 6.75 to 1.00 December 31, 2009 6.75 to 1.00 March 31, 2010 5.75 to 1.00 June 30, 2010 5.75 to 1.00 September 30, 2010 5.75 to 1.00 December 31, 2010 5.75 to 1.00 March 31, 2011 4.75 to 1.00 June 30, 2011 4.75 to 1.00 September 30, 2011 4.75 to 1.00 December 31, 2011 4.75 to 1.00 March 31, 2012 and each fiscal quarter thereafter 3.75 to 1.00
Senior Secured Leverage Ratio. Parent will not permit the Senior Secured Leverage Ratio as of the last day of any Testing Period, beginning with the Testing Period ending on the last day of the Fiscal Quarter during which the Initial Availability Date occurs, to be greater than 2.75 to 1.00.
Senior Secured Leverage Ratio. Commencing with Fiscal Quarter ending June 30, 2014, the U.S. Borrower will 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 opposite such Fiscal Quarter below: June 30, 2014 8.00:1.00 September 30, 2014 7.50:1.00 December 31, 2014 6.50:1.00 March 31, 2015 5.50:1.00 June 30, 2015 5.00:1.00 September 30, 2015 4.50:1.00 December 31, 2015 and each Fiscal Quarter ending thereafter 3.75:1.00
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. (a) As of the end of each fiscal quarter and (b) at the time of the incurrence of any Indebtedness, 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, in the case of clause (a) hereof, or as of the most recently completed fiscal quarter preceding the calculation date for which financial statements have been delivered pursuant to Section 6.1 or 6.2 hereof, in the case of clause (b) hereof, to be greater than 3.00 to 1.00.