Total Secured Leverage Ratio. The Total Secured Leverage Ratio, as of the last day of each Fiscal Quarter for each Test Period (commencing with the Test Period ending on September 30, 2025) shall not exceed 9.00:1.00.
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Sources: Exchange Agreement (Evolent Health, Inc.), Second Lien Credit Agreement (Evolent Health, Inc.)
Total Secured Leverage Ratio. The Total Secured Leverage Ratio, as of the last day of each Fiscal Quarter for each Test Period (commencing with the Test Period ending on September 30, 20252022) shall not to exceed 9.00:1.00.the ratio set forth below opposite such date:
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Total Secured Leverage Ratio. The Total Secured Leverage Ratio, as of the last day of each Fiscal Quarter for each Test Period (commencing with the Test Period ending on September 30, 20252022) shall not exceed 9.00:1.00.to be greater than 6:00:1.00.exceed the ratio set forth below opposite such date:
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Total Secured Leverage Ratio. The Total Secured Leverage Ratio, as of the last day of each Fiscal Quarter for each Test Period (commencing with the Test Period ending on September 30, 20252022) shall not exceed 9.00:1.00to be greater than 6:00:1.00.
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Total Secured Leverage Ratio. The Total Secured Leverage Ratio, as of the last day of each Fiscal Quarter for each Test Period ending after the Amendment No. 6 Effective Date (commencing with the Test Period ending on September 30, 20252022) to exceed the ratio set forth below opposite such date2025) shall not exceed 9.00:1.008.50:1.00.
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