Examples of Consolidated Senior Secured Net Leverage Ratio in a sentence
Borrower shall not permit the Consolidated Senior Secured Net Leverage Ratio as of the last day of any fiscal quarter of Borrower commencing with the second full fiscal quarter ending after the fiscal quarter in which the Wynn Massachusetts Project Opening Date occurs (the last day of such fiscal quarter, the “Initial Test Date”) to exceed 2.75 to 1.00.
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Total Net Leverage Ratio, the Consolidated Senior Secured Net Leverage Ratio and the Consolidated First Lien Net Leverage Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
As of any fiscal quarter end, permit the Consolidated Senior Secured Net Leverage Ratio to be greater than (a) 3.50:1.00 for any fiscal quarter ending prior to the Closing Date and (b) 3.75:1:00 for any fiscal quarter ending on or after the Closing Date.
Immediately after giving effect to the incurrence of the Term Facility II Commitments, the Consolidated Senior Secured Net Leverage Ratio shall not exceed 2.50 to 1.00 on a Pro Forma Basis as of the most recent Calculation Date, provided, that, for such purpose, all Term Facility II Commitments shall be treated as drawn on such date.
As of any fiscal quarter end, permit the Consolidated Senior Secured Net Leverage Ratio to be greater than or equal to 3.00:1.00.