Common use of Senior Secured Leverage Ratio Clause in Contracts

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

Appears in 2 contracts

Samples: Capital Lease Agreement (Symbion Inc/Tn), Credit Agreement (NeoSpine Surgery, LLC)

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Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal Quarter Ended Maximum Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 4.25:1.00 2.75 to 1.00 June 30, 2008 4.25:1.00 2.75 to 1.00 September 30, 2008 4.25:1.00 2.75 to 1.00 December 31, 2008 4.00:1.00 2.50 to 1.00 March 31, 2009 4.00:1.00 2.50 to 1.00 June 30, 2009 4.00:1.00 2.50 to 1.00 September 30, 2009 4.00:1.00 2.50 to 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 2.50:1.002.25 to 1.00

Appears in 2 contracts

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

Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal Quarter Ended Maximum Ratio -------------------- ----- March 31, 2006 4.50 to 1.00 June 30, 2006 4.50 to 1.00 September 30, 2006 4.50 to 1.00 December 31, 2006 4.50 to 1.00 March 31, 2007 4.50 to 1.00 June 30, 2007 4.50 to 1.00 September 30, 2007 4.50 to 1.00 December 31, 2007 4.00 to 1.00 March 31, 2008 4.25:1.00 4.00 to 1.00 June 30, 2008 4.25:1.00 4.00 to 1.00 September 30, 2008 4.25:1.00 4.00 to 1.00 December 31, 2008 4.00:1.00 3.75 to 1.00 March 31, 2009 4.00:1.00 3.75 to 1.00 June 30, 2009 4.00:1.00 3.75 to 1.00 September 30, 2009 4.00:1.00 3.75 to 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 2.50:1.003.50 to 1.00

Appears in 2 contracts

Samples: Credit Agreement (R H Donnelley Corp), Credit Agreement (Dex Media, Inc./New)

Senior Secured Leverage Ratio. The Borrower shall not permit Permit the Senior Secured Leverage Ratio as of at the last day of any period of four consecutive fiscal quarter quarters ending on or nearest to the date set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Quarter Ended Maximum Period Senior Secured Leverage 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 7.00 to 1.00 March 31, 2009 4.00:1.00 7.00 to 1.00 June 30, 2009 4.00:1.00 6.75 to 1.00 September 30, 2009 4.00:1.00 6.75 to 1.00 December 31, 2009 3.50:1.00 6.75 to 1.00 March 31, 2010 3.50:1.00 5.75 to 1.00 June 30, 2010 3.50:1.00 5.75 to 1.00 September 30, 2010 3.50:1.00 5.75 to 1.00 December 31, 2010 3.00:1.00 5.75 to 1.00 March 31, 2011 3.00:1.00 4.75 to 1.00 June 30, 2011 3.00:1.00 4.75 to 1.00 September 30, 2011 3.00:1.00 4.75 to 1.00 December 31, 2011 2.75:1.00 4.75 to 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 each fiscal quarter thereafter 2.50:1.003.75 to 1.00

Appears in 2 contracts

Samples: Term Loan Agreement (CDW Finance Corp), Guarantee and Collateral Agreement (CDW Finance Corp)

Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal Quarter Ended Maximum 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 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 4.25:1.00 2.00 to 1.00 June 30, 2008 4.25:1.00 2.00 to 1.00 September 30, 2008 4.25:1.00 2.00 to 1.00 December 31, 2008 4.00:1.00 2.00 to 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 2.50:1.002.00 to 1.00

Appears in 2 contracts

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

Senior Secured Leverage Ratio. The Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any fiscal quarter ending on any date during any period set forth below to be greater than exceed the ratio set forth below opposite such quarterperiod: Quarter Ended Maximum Period 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 From and including the Restatement Effective Date to and including June 30, 2009 4.00:1.00 4.50 to 1.00 July 1, 2009 to and including September 30, 2009 4.00:1.00 December 314.375 to 1.00 October 1, 2009 3.50:1.00 to and including March 31, 2010 3.50:1.00 June 304.25 to 1.00 April 1, 2010 3.50:1.00 to and including September 30, 2010 3.50:1.00 December 314.125 to 1.00 October 1, 2010 3.00:1.00 to and including March 31, 2011 3.00:1.00 June 304.00 to 1.00 April 1, 2011 3.00:1.00 September 30, 2011 3.00:1.00 to and including December 31, 2011 2.75:1.00 3.75 to 1.00 January 1, 2012 to and including March 31, 2012 2.75:1.00 June 30, 2012 2.75:1.00 September 30, 2012 2.75:1.00 December 313.675 to 1.00 April 1, 2012 and thereafter 2.50:1.00thereafter: 3.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (American Media Operations Inc)

Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal Quarter Ended Maximum Ratio -------------------- ------------ March 31, 2006 3.75 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 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 4.25:1.00 3.50 to 1.00 June 30, 2008 4.25:1.00 3.50 to 1.00 September 30, 2008 4.25:1.00 3.50 to 1.00 Fiscal Quarter Ended Ratio -------------------- ------------ December 31, 2008 4.00:1.00 3.50 to 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 2.50:1.003.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Donnelley R H Inc)

Senior Secured Leverage Ratio. The Borrower shall not permit Permit the Senior Secured Leverage Ratio as of at the last day of any period of four consecutive fiscal quarter quarters ending on or nearest to the date set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Quarter Ended Maximum Period Senior Secured Leverage 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 7.00 to 1.00 March 31, 2009 4.00:1.00 7.00 to 1.00 June 30, 2009 4.00:1.00 6.75 to 1.00 September 30, 2009 4.00:1.00 6.75 to 1.00 December 31, 2009 3.50:1.00 7.25 to 1.00 March 31, 2010 3.50:1.00 7.75 to 1.00 June 30, 2010 3.50:1.00 7.75 to 1.00 September 30, 2010 3.50:1.00 7.75 to 1.00 December 31, 2010 3.00:1.00 8.00 to 1.00 March 31, 2011 3.00:1.00 7.50 to 1.00 June 30, 2011 3.00:1.00 7.50 to 1.00 -102- September 30, 2011 3.00:1.00 7.50 to 1.00 December 31, 2011 2.75:1.00 7.25 to 1.00 March 31, 2012 2.75:1.00 7.00 to 1.00 June 30, 2012 2.75:1.00 7.00 to 1.00 September 30, 2012 2.75:1.00 6.75 to 1.00 December 31, 2012 6.75 to 1.00 March 31, 2013 6.50 to 1.00 June 30, 2013 6.50 to 1.00 September 30, 2013 6.00 to 1.00 December 31, 2013 5.75 to 1.00 5.75 to 1.00 March 31, 2014 and each fiscal 5.75 to 1.00 quarter thereafter 2.50:1.005.75 to 1.00 4.75 to 1.00 4.75 to 1.00 4.75 to 1.00 4.75 to 1.00 3-755.50 to 1.00

Appears in 1 contract

Samples: Term Loan Agreement (CDW Finance Corp)

Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Quarter Ended Maximum Ratio 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 89 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 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 4.25:1.00 2.00 to 1.00 June 30, 2008 4.25:1.00 2.00 to 1.00 September 30, 2008 4.25:1.00 2.00 to 1.00 December 31, 2008 4.00:1.00 2.00 to 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 2.50:1.002.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dex Media International Inc)

Senior Secured Leverage Ratio. The (a) Subject to paragraph (b) below, Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal 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 3.25 to 1.00 June 30, 2010 3.50:1.00 3.25 to 1.00 September 30, 2010 3.50:1.00 3.25 to 1.00 December 31, 2010 3.00:1.00 3.00 to 1.00 March 31, 2011 3.00:1.00 3.00 to 1.00 June 30, 2011 3.00:1.00 3.00 to 1.00 September 30, 2011 3.00:1.00 3.00 to 1.00 December 31, 2011 2.75:1.00 3.00 to 1.00 March 31, 2012 2.75:1.00 3.00 to 1.00 June 30, 2012 2.75:1.00 3.00 to 1.00 September 30, 2012 2.75:1.00 3.00 to 1.00 December 31, 2012 and thereafter 2.50:1.003.00 to 1.00 March 31, 2013 3.00 to 1.00 June 30, 2013 3.00 to 1.00 September 30, 2013 3.00 to 1.00 December 31, 2013 3.00 to 1.00 March 31, 2014 3.00 to 1.00 June 30, 2014 3.00 to 1.00 September 30, 2014 3.00 to 1.00

Appears in 1 contract

Samples: Shared Services Agreement (DEX ONE Corp)

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Senior Secured Leverage Ratio. The Borrower shall not permit Permit the Senior Secured Leverage Ratio as of at the last day of any period of four consecutive fiscal quarter quarters ending on or nearest to the date set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Quarter Ended Maximum Period Senior Secured Leverage 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 7.00 to 1.00 March 31, 2009 4.00:1.00 7.00 to 1.00 June 30, 2009 4.00:1.00 6.75 to 1.00 September 30, 2009 4.00:1.00 6.75 to 1.00 December 31, 2009 3.50:1.00 7.25 to 1.00 March 31, 2010 3.50:1.00 7.75 to 1.00 June 30, 2010 3.50:1.00 7.75 to 1.00 September 30, 2010 3.50:1.00 7.75 to 1.00 December 31, 2010 3.00:1.00 8.00 to 1.00 March 31, 2011 3.00:1.00 7.50 to 1.00 June 30, 2011 3.00:1.00 7.50 to 1.00 September 30, 2011 3.00:1.00 7.50 to 1.00 December 31, 2011 2.75:1.00 7.25 to 1.00 March 31, 2012 2.75:1.00 7.00 to 1.00 June 30, 2012 2.75:1.00 7.00 to 1.00 September 30, 2012 2.75:1.00 6.75 to 1.00 December 31, 2012 6.75 to 1.00 March 31, 2013 6.50 to 1.00 June 30, 2013 6.50 to 1.00 September 30, 2013 6.00 to 1.00 December 31, 2013 5.75 to 1.00 March 31, 2014 and each fiscal quarter thereafter 2.50:1.005.50 to 1.00

Appears in 1 contract

Samples: Intercreditor Agreement (CDW Corp)

Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal Quarter Ended Maximum Ratio -------------------- ----- March 31, 2006 3.75 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 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 4.25:1.00 3.50 to 1.00 June 30, 2008 4.25:1.00 3.50 to 1.00 September 30, 2008 4.25:1.00 3.50 to 1.00 December 31, 2008 4.00:1.00 3.50 to 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 2.50:1.003.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dex Media, Inc./New)

Senior Secured Leverage Ratio. The Holdings and the Borrower shall will not permit the Senior Secured Leverage Ratio as of the last day of any a fiscal quarter set forth below to be greater than exceed the ratio set forth below opposite such quarterdate: Fiscal Quarter Ended Maximum 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 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 4.25:1.00 2.00 to 1.00 June 30, 2008 4.25:1.00 2.00 to 1.00 September 30, 2008 4.25:1.00 2.00 to 1.00 December 31, 2008 4.00:1.00 2.00 to 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 2.50:1.002.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dex Media East LLC)

Senior Secured Leverage Ratio. The Borrower shall Holdings will not permit the Senior Secured Leverage Ratio as of for any Test Period ending on the last day of any a fiscal quarter of Holdings set forth below to be greater than the ratio set forth below opposite such quarterfiscal quarter below: Fiscal Quarter Ended Maximum Ending Ratio December 31, 2015 5.50:1.00 March 31, 2008 2016 5.50:1.00 June 30, 2016 5.50:1.00 September 30, 2016 5.00:1.00 December 31, 2016 4.50:1.00 March 31, 2017 4.25:1.00 June 30, 2008 4.25:1.00 2017 4.00:1.00 September 30, 2008 4.25:1.00 2017 4.00:1.00 December 31, 2008 2017 4.00:1.00 March 31, 2009 4.00:1.00 2018 3.75:1.00 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 2018 3.50:1.00 September 30, 2010 2018 3.50:1.00 December 31, 2010 3.00:1.00 2018 3.25:1.00 March 31, 2011 2019 3.00:1.00 June 30, 2011 2019 3.00:1.00 September 30, 2011 3.00:1.00 2019 2.75:1.00 December 31, 2011 2019 2.75:1.00 March 31, 2012 2020 2.75:1.00 June 30, 2012 2020 2.75:1.00 September 30, 2012 2.75:1.00 December 31, 2012 and thereafter 2.50:1.002020 2.75:1.00

Appears in 1 contract

Samples: Credit Agreement (STG Group, Inc.)

Senior Secured Leverage Ratio. The Borrower Parties shall not permit permit, at the end of each applicable fiscal quarter, the Senior Secured Leverage Ratio as of the last day of any fiscal quarter set forth below to be greater than the ratio required amount for the applicable period set forth below opposite such quarterbelow: Fiscal Quarter Ended Maximum Ending: Applicable 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 31September, 2012 2.75:1.00 June 305.00:1.00 December, 2012 2.75:1.00 September 305:00:1.00 Xxxxx, 2012 2.75:1.00 December 310000 5.00:1.00 June, 2012 and thereafter 2.50:1.002013 5.00:1.00 September, 2013 5.00:1.00 December, 2013 4.75:1.00 March, 2014 4.75:1.00 June, 2014 4.50:1.00 September, 2014 4.25:1.00 December, 2014 4.00:1.00 March, 2015 4.00:1.00 June, 2015 3.75:1.00 September, 2015 3.50:1.00 December, 2015 3.50:1.00 March, 2016 3.50:1.00 June, 2016 3.50:1.00 September, 2016 3.50:1.00 December, 2016 3.50:1.00 March, 2017 3.50:1.00 June, 2017 3.50:1.00 September, 2017 3.50:1.00 December, 2017 3.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Zayo Group LLC)

Senior Secured Leverage Ratio. The Borrower shall Borrowers will not permit let the Senior Secured Leverage Ratio as of the last day of at any fiscal quarter date set forth below to be greater than exceed the ratio set forth below opposite such quarter: Quarter Ended Maximum date. Date Ratio ---- ----- June 30, 2004 4.20:1.0 September 30, 2004 4.20:1.0 December 31, 2004 4.20:1.0 March 31, 2005 4.20:1.0 June 30, 2005 4.20:1.0 September 30, 2005 4.20:1.0 December 31, 2005 4.20:1.0 March 31, 2006 3.25:1.0 June 30, 2006 3.25:1.0 September 30, 2006 3.25:1.0 December 31, 2006 3.25:1.0 March 31, 2007 3.0:1.0 June 30, 2007 3.0:1.0 September 30, 2007 3.0:1.0 December 31, 2007 3.0:1.0 March 31, 2008 4.25:1.00 2.75:1.0 June 30, 2008 4.25:1.00 2.75:1.0 September 30, 2008 4.25:1.00 2.75:1.0 December 31, 2008 4.00:1.00 2.75:1.0 March 31, 2009 4.00:1.00 2.50:1.0 June 30, 2009 4.00:1.00 2.50:1.0 September 30, 2009 4.00:1.00 2.50:1.0 December 31, 2009 3.50:1.00 2.50:1.0 March 31, 2010 3.50:1.00 2.25:1.0 June 30, 2010 3.50:1.00 2.25:1.0 September 30, 2010 3.50:1.00 2.25:1.0 December 31, 2010 3.00:1.00 2.25:1.0 March 31, 2011 3.00:1.00 2.25:1.0 June 30, 2011 3.00:1.00 2.25:1.0 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 2.50:1.002.25:1.0

Appears in 1 contract

Samples: Credit Agreement (Consolidated Communications Texas Holdings, Inc.)

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