Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00
Consolidated Total Net Leverage Ratio. As of the last day of any fiscal quarter, permit the Consolidated Total Net Leverage Ratio to be greater than 3.75 to 1.00; and
Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2021 and as of the last day of any Test Period ending thereafter to be greater than 3.00 to 1.00.
Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2020, to be greater than 3.50 to 1.00; provided, that, upon the occurrence of a Qualified Acquisition, for the four (4) Fiscal Quarters next ending, commencing with the Fiscal Quarter during which such Qualified Acquisition closes (each such period, a “Leverage Increase Period”), the required Consolidated Total Net Leverage Ratio set forth above may, upon receipt by the Administrative Agent of a Qualified Acquisition Notice, be increased to 4.00:1.00; provided, further, that (i) the maximum Consolidated Total Net Leverage Ratio permitted pursuant to this Section 6.1 shall revert to 3.50:1.00 following the end of each Leverage Increase Period, (ii) for at least one (1) full Fiscal Quarter ending immediately following the end of each Leverage Increase Period, the Consolidated Total Net Leverage Ratio as of the end of each such Fiscal Quarter shall not be permitted to be greater than 3:50:1.00 prior to giving effect to another Leverage Increase Period and (iii) the Leverage Increase Period shall apply only for purposes of determining compliance with this Section 6.1, for purposes of any Qualified Acquisition Pro Forma Determination and for purposes of determining compliance on a Pro Forma Basis in connection with the incurrence of Indebtedness under Section 7.1.
Consolidated Total Net Leverage Ratio. The Credit Parties shall not permit the Consolidated Total Net Leverage Ratio as of the last day of any four Fiscal Quarter period ending on a date set forth below to be greater than the ratio set forth in the table below opposite such date: Date Maximum Consolidated Total Net Leverage Ratio September 30, 2017 3.50 to 1.00 December 31, 2017 3.50 to 1.00 March 31, 2018 3.50 to 1.00 June 30, 2018 3.50 to 1.00 September 30, 2018 3.25 to 1.00 December 31, 2018 3.00 to 1.00 March 31, 2019 N/A June 30, 2019 4.25 to 1.00 September 30, 2019 3.75 to 1.00 December 31, 2019 3.00 to 1.00 Date Maximum Consolidated Total Net Leverage Ratio March 31, 2020 2.75 to 1.00 June 30, 2020 2.50 to 1.00 September 30, 2020 2.25 to 1.00 December 31, 2020 and thereafter 2.00 to 1.00
Consolidated Total Net Leverage Ratio. Subject to Section 8.04, permit the Consolidated Total Net Leverage Ratio as of the last day of any Test Period (pursuant to the terms of the Fourth Amendment, commencing with the Test Period ending on September 30, 20212023) to be greater than 6.50:1.00.
Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference Period, to be greater than:
Consolidated Total Net Leverage Ratio. A. Consolidated Total Net Debt (the sum of (i) minus (ii) below):
Consolidated Total Net Leverage Ratio. The Borrower will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on June 30, 2021, a Consolidated Total Net Leverage Ratio of not greater than 3.75:1.00; provided that for any Fiscal Quarter during which a Loan Party has consummated a Permitted Acquisition or Future Approved Entity Investment permitted hereunder in which the Investment Consideration payable in connection with such Permitted Acquisition or Future Approved Entity Investment was greater than $75,000,000 (a “Trigger Quarter”), the Consolidated Total Net Leverage Ratio for such Trigger Quarter and the next succeeding three Fiscal Quarters shall be increased by 0.25:1.00 to 4.00:1.00 (a “Covenant Holiday”). For the avoidance of doubt, the Consolidated Total Net Leverage Ratio shall revert to 3.75:1.00 commencing with the fourth Fiscal Quarter ending after any such initial Trigger Quarter. After the completion of any Covenant Holiday, no subsequent new Trigger Quarter shall be permitted to occur for purposes of this Section 6.1 unless and until the Borrower shall demonstrate compliance with the Consolidated Total Net Leverage Ratio (absent any Covenant Holiday) as of the end of at least one Fiscal Quarter after any such Covenant Holiday’s completion.
Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period of Borrowers set forth below to be greater than the ratio set forth below opposite the last day of such Measurement Period: Measurement Period Ending Maximum Consolidated Total Net Leverage Ratio June 30, 2014 8.05 to 1.00 September 30, 2014 8.05 to 1.00 December 31, 2014 8.05 to 1.00 March 31, 2015 7.75 to 1.00 June 30, 2015 7.45 to 1.00 September 30, 2015 7.20 to 1.00 December 31, 2015 6.90 to 1.00 March 31, 2016 6.90 to 1.00 June 30, 2016 6.30 to 1.00 September 30, 2016 6.30 to 1.00 December 31, 2016 6.05 to 1.00 March 31, 2017 6.05 to 1.00 June 30, 2017 5.75 to 1.00 September 30, 2017 5.75 to 1.00 December 31, 2017 5.45 to 1.00 March 31, 2018 5.45 to 1.00 June 30, 2018 and each Fiscal Quarter thereafter 5.15 to 1.00
