Common use of Financial Condition Covenant Clause in Contracts

Financial Condition Covenant. Permit the Consolidated Net Senior Secured Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter to exceed 6.50:1.00.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (National CineMedia, LLC)

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Financial Condition Covenant. Permit the Consolidated Net Senior Secured Net Leverage Ratio Ratio, as at of the last day of any period of four consecutive fiscal quarters of the Borrower ending with any each fiscal quarter (commencing with the fiscal quarter ending September 30, 2023) on which any Revolving Loans are outstanding to exceed 6.50:1.003.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (OPENLANE, Inc.)

Financial Condition Covenant. Permit the Consolidated Net Senior Secured Net Leverage Ratio Ratio, as at of the last day of any period of four consecutive fiscal quarters of the Borrower ending with any each fiscal quarter (commencing with the fiscal quarter ending September 30, 2023) on which any Revolving Facility Loans are outstanding to exceed 6.50:1.003.50:1.00.

Appears in 1 contract

Samples: First Amendment Agreement (OPENLANE, Inc.)

Financial Condition Covenant. Permit With respect to the Revolving Credit Facility and only if the Financial Covenant is then in effect on the last day of the applicable fiscal quarter, permit the Consolidated Net Senior Secured Leverage Ratio as at the last day of any period of four consecutive fiscal quarters quarter of the Borrower ending with any fiscal quarter to exceed 6.50:1.004.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (GNC Holdings, Inc.)

Financial Condition Covenant. Permit the Consolidated Net Senior Secured Net Leverage Ratio Ratio, as at of the last day of any period of four consecutive fiscal quarters of the Borrower ending with any each fiscal quarter (commencing with the fiscal quarter ending December 31, 2019) on which any Revolving Loans are outstanding, to exceed 6.50:1.003.50:1.00.

Appears in 1 contract

Samples: Fifth Amendment Agreement (KAR Auction Services, Inc.)

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Financial Condition Covenant. Permit With respect to the Revolving Credit Facility and only if the Financial Covenant is then in effect on the last day of the 107 applicable fiscal quarter, permit the Consolidated Net Senior Secured Leverage Ratio as at the last day of any period of four consecutive fiscal quarters quarter of the Borrower ending with any fiscal quarter to exceed 6.50:1.004.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (GNC Holdings, Inc.)

Financial Condition Covenant. Permit the Consolidated Net Senior Secured Net Leverage Ratio Ratio, as at of the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter (commencing with the fiscal quarter ending September 30, 2019) on which any Revolving Loans are outstanding, to exceed 6.50:1.003.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (IAA, Inc.)

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