Common use of Total Leverage Ratio Clause in Contracts

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the Borrower will not permit the Total Leverage Ratio as of the last day of each Fiscal Quarter to be greater than 1.50 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will not permit the Total Leverage Ratio as Ratio, for any period of four consecutive fiscal quarters ending on the last day of each Fiscal Quarter any fiscal quarter, commencing with the fiscal quarter ending December 31, 2019, to be greater than 1.50 3.00 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. (i) Commencing with the Fiscal Quarter fiscal quarter of the Borrower ending January 1December 31, 20222023 through the fiscal quarter of the Borrower ending September 30, 2024, the Borrower will not permit the Total Leverage Ratio permit, as of the last day of each Fiscal Quarter any such fiscal quarter, the Total Leverage Ratio to be greater than 1.50 exceed 3.50 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. Commencing with the Fiscal Quarter fiscal quarter ending January 1December 31, 20222021, the Borrower will not permit the Total Leverage Ratio as of Ratio, on the last day of each Fiscal Quarter any fiscal quarter, to be greater than 1.50 3.00 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will shall not permit the its Total Leverage Ratio for any period of four consecutive fiscal quarters, as of determined for such four quarter period ending on the last day of each Fiscal Quarter any fiscal quarter, to be greater than 1.50 exceed the applicable ratio set forth below for the applicable period ending on the date set forth below: Periods Ending Maximum Total Leverage Ratio September 30, 2020 and December 31, 2020 3.50 to 1.00 March 31, 2021 through and including December 31, 2021 4.50 to 1.00 March 31, 2022 and June 30, 2022 4.00 to 1.00 September 30, 2022 and thereafter 3.50 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1Beginning December 31, 20222021, the Borrower will not permit the Total Leverage Ratio as of the last day of each Fiscal Quarter fiscal quarter of Borrower, Borrower shall not permit the Total Leverage Ratio to be greater than 1.50 3.5 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 20221.0.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will not permit the Total Leverage Ratio Ratio, as of the last day of each Fiscal Quarter fiscal quarter, commencing with the fiscal quarter ending March 31, 2010, to be greater than 1.50 (i) 4.00 to 1.00. For 1.00 in the avoidance case of doubtthe fiscal quarter ending March 31, this Section 6.13 shall not apply with respect 2010, and (ii) 3.50 to any Fiscal Quarter 1.00 in the case of each fiscal quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022thereafter.”

Total Leverage Ratio. Commencing with As of the Fiscal Quarter last day of each fiscal quarter of the Borrower ending January 1on or about March 31, 20222021 and at all times thereafter, the Borrower will shall not permit the Total Leverage Ratio as of the last day of each Fiscal Quarter to be greater than 1.50 2.00 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. Commencing Beginning with the Fiscal Quarter first full fiscal quarter ending January 1, 2022after the Effective Date and as of the last day of each fiscal quarter thereafter, the Borrower will not permit the Total Leverage Ratio as Ratio, for any period of four consecutive fiscal quarters ending on the last day of each Fiscal Quarter such fiscal quarter, to be greater than 1.50 exceed 3.00 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will not permit the Total Leverage Ratio Ratio, as of the last day of each Fiscal Quarter fiscal quarter, commencing with the fiscal quarter ending March 31, 2010, to be greater than 1.50 (i) 4.50 to 1.00. For 1.00 in the avoidance case of doubtthe fiscal quarter ending March 31, this Section 6.13 shall not apply with respect 2010, and (ii) 4.00 to any Fiscal Quarter 1.00 in the case of each fiscal quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022thereafter.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will shall not permit the Total Leverage Ratio as of the last day of each Fiscal Quarter to be greater than 1.50 3.00 to 1.00. For 1.00 as of the avoidance end of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021Quarter, other than commencing with the Fiscal Quarter ending January 1on or after December 31, 2022.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will not permit the Total Leverage Ratio Ratio, as of the last day of each Fiscal Quarter fiscal quarter, commencing with the fiscal quarter ending June 30, 2011, to be greater than 1.50 (i) 4.50 to 1.00. For 1.00 in the avoidance case of doubtthe fiscal quarter ending June 30, this Section 6.13 shall not apply with respect 2011, (ii) 4.25 to any Fiscal Quarter 1.00 in the case of the fiscal quarter ending September 30, 2011, and (iii) 4.00 to 1.00 in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter case of each fiscal quarter ending January 1, 2022thereafter.”

Total Leverage Ratio. Commencing with (i) For each of the Fiscal Quarter fiscal quarters of the Borrower ending January 1September 30, 20222024 and December 31, 2024, the Borrower will not permit the Total Leverage Ratio permit, as of the last day of each Fiscal Quarter such fiscal quarter, the Total Leverage Ratio to be greater than 1.50 exceed 3.50 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 2022.”US-DOCS\146475368.6 |US-DOCS\146475368.9||

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1Beginning December 31, 20222020, the Borrower will not permit the Total Leverage Ratio as of the last day of each Fiscal Quarter fiscal quarter of Borrower, Borrower shall not permit the Total Leverage Ratio to be greater than 1.50 3.5 to 1.00. For the avoidance of doubt, this Section 6.13 shall not apply with respect to any Fiscal Quarter ending in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter ending January 1, 20221.0.”

Total Leverage Ratio. Commencing with the Fiscal Quarter ending January 1, 2022, the The Borrower will not permit the Total Leverage Ratio Ratio, as of the last day of each Fiscal Quarter fiscal quarter, commencing with the fiscal quarter ending June 30, 2011, to be greater than 1.50 (i) 4.00 to 1.00. For 1.00 in the avoidance case of doubtthe fiscal quarter ending June 30, this Section 6.13 shall not apply with respect 2011, (ii) 3.75 to any Fiscal Quarter 1.00 in the case of the fiscal quarter ending September 30, 2011, and (iii) 3.50 to 1.00 in Fiscal Year 2020 or Fiscal Year 2021, other than the Fiscal Quarter case of each fiscal quarter ending January 1, 2022thereafter.”