Common use of Total Indebtedness Ratio Clause in Contracts

Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter of the Borrower to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Indebtedness Ratio March 31, 2017 6.00 to 1.00 June 30, 2017 6.00 to 1.00 September 30, 2017 6.00 to 1.00 December 31, 2017 6.00 to 1.00 March 31, 2018 4.75 to 1.00 June 30, 2018 4.75 to 1.00 September 30, 2018 4.75 to 1.00 December 31, 2018 4.75 to 1.00 March 31, 2019 3.75 to 1.00 June 30, 2019 3.75 to 1.00 September 30, 2019 3.75 to 1.00 December 31, 2019 3.75 to 1.00 March 31, 2020 and each fiscal quarter ending thereafter 3.50 to 1.00

Total Indebtedness Ratio. The Borrower will not permit the Total Indebtedness Ratio as at the last day of any fiscal quarter of the Borrower to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Indebtedness Ratio March 31, 2017 6.00 to 1.00 June 30, 2017 6.00 to 1.00 September 30, 2017 6.00 to 1.00 December 31, 2017 6.00 to 1.00 March 31, 2018 4.75 to 1.00 June 30, 2018 4.75 to 1.00 September 30, 2018 4.75 to 1.00 December 31, 2018 4.75 to 1.00 March 31, 2019 3.75 to 1.00 June JuneSeptember 30, 2019 3.75 to 1.00 September 30, 2019 3.75 to 1.00 December 31, 2019 3.75 to 1.00 March 31, 2020 and each fiscal quarter ending thereafter 3.50 3.506.00 to 1.00