Consolidated Borrower Leverage Ratio. Permit the Consolidated Leverage Ratio of the Borrower and its Consolidated Subsidiaries as of the end of each fiscal quarter of the Borrower to exceed the corresponding ratio set forth below: Maximum Consolidated Applicable Period Leverage Ratio Closing Date to and including March 30, 2010 3.25 to 1.00 March 31, 2010 to and including September 29, 2010 3.85 to 1.00 September 30, 2010 to and including March 30, 2011 3.00 to 1.00 March 31, 2011 and thereafter 2.75 to 1.00 3 ; provided that notwithstanding the foregoing, if on or prior to August 31, 2010 Holdings or one or more of its Affiliates shall have entered into a definitive agreement providing for the sale of all or substantially all of the assets and operations of Holdings and its Subsidiaries (whether pursuant to a sale of Equity Interests, a merger, an asset sale or otherwise), then the maximum Consolidated Leverage Ratio for the period from September 30, 2010 to and including December 30, 2010 shall remain at 3.85 to 1.00.”
Consolidated Borrower Leverage Ratio. Permit the Consolidated Borrower Leverage Ratio as at the last day of any period of four (4) consecutive fiscal quarters of the Group Members, commencing with the fiscal quarter ending June 30, 2022, to exceed 3.00 to 1.00; provided that upon the consummation of any Permitted Acquisition that involves payment of cash consideration of at least [****] and the written election of the Borrower to the Administrative Agent, the maximum permitted Consolidated Borrower Leverage Ratio set forth above shall increase to 4.00 to 1.00, with respect to the last day of the fiscal quarter of the Borrower during which such Permitted Acquisition is consummated and the last day of each of the next three full fiscal quarters of the Borrower ending after the date of the consummation of such Permitted Acquisition. (d) Balance Sheet Cash. Commencing on February 21, 2024 until the last day of the fiscal quarter ending June 30, 2024, permit Balance Sheet Cash, at any time and reported as of the last day of each fiscal quarter, to be less than the sum of the Total Revolving Extensions of Credit and the aggregate principal amount of Term Loans outstanding at such time. 7.2
Consolidated Borrower Leverage Ratio. Permit the Consolidated Borrower Leverage Ratio as at the last day of any period of four (4) consecutive fiscal quarters of the Group Members, commencing with the fiscal quarter ending June 30, 2022, to exceed 3.00 to 1.00; provided that upon the consummation of any Permitted Acquisition that involves payment of cash consideration of at least [****] and the written election of the Borrower to the Administrative Agent, the maximum permitted Consolidated Borrower Leverage Ratio set forth above shall increase to 4.00 to 1.00, with
Consolidated Borrower Leverage Ratio. Permit the Consolidated Leverage Ratio of the Borrower and its Consolidated Subsidiaries as of the end of each fiscal quarter of the Borrower to exceed the corresponding ratio set forth below: Applicable Period Maximum Consolidated Leverage Ratio Closing Date to and including March 30, 2010 3.25 to 1.00 March 31, 2010 to and including March 30, 2011 3.00 to 1.00 March 31, 2011 and thereafter 2.75 to 1.00
Consolidated Borrower Leverage Ratio. Permit the Consolidated Borrower Leverage Ratio at any time to be greater than 6.00 to 1.0.
