Common use of Financial Condition Covenants Clause in Contracts

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers ending (i) on or prior to March 31, 2017 to exceed 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Kennametal Inc)

AutoNDA by SimpleDocs

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers ending (i) on or prior to March 31, 2017 Company to exceed 3.75 3.0 to 1.00 and (ii) at any time thereafter, to exceed 3.50 to 1.001.0.

Appears in 2 contracts

Samples: Day Credit Agreement (Zimmer Holdings Inc), Revolving Credit and Term Loan Agreement (Zimmer Holdings Inc)

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers ending Holdings (i) on or prior to March 31during the period beginning with the fiscal quarter ending June 2, 2017 2001 through the fiscal quarter ending November 16, 2002 to exceed 3.75 3.00 to 1.00 and (ii) at any time thereafter, thereafter to exceed 3.50 2.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Interstate Bakeries Corp/De/)

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage --------------------------- Ratio as at the last day of any period of four consecutive fiscal quarters quarter of the Borrowers Borrower ending (i) on or prior to March 31, 2017 during any fiscal year set forth below to exceed 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 to 1.002.25:1.00.

Appears in 1 contract

Samples: Credit Agreement (Grubb & Ellis Co)

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers Borrower ending (i) on or prior to March 31after June 30, 2017 2004 to exceed 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 2.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Rent a Center Inc De)

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers Borrower ending (i) on or prior to March 31, 2017 with any fiscal quarter ending during any Fiscal Year set forth below to exceed the ratio set forth below opposite such Fiscal Year: 69 Consolidated Fiscal Year Leverage Ratio ----------- -------------- 2003 4.50 to 1.00 2004 4.50 to 1.00 2005 4.25 to 1.00 2006 4.00 to 1.00 2007 4.00 to 1.00 2008 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 2009 3.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Cinemark Usa Inc /Tx)

AutoNDA by SimpleDocs

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers Borrower ending (i) on or prior to March 31after June 30, 2017 2003 to exceed 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 2.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Rent a Center Inc De)

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers ending (i) on or prior to March 31, 2017 to exceed 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Kennametal Inc)

Financial Condition Covenants. (a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrowers Borrower ending (i) on or prior to March 31, 2017 with any fiscal quarter during any period set forth below to exceed the ratio set forth below opposite such period: Consolidated Period Leverage Ratio ------ -------------- Fiscal quarter ending 12/31/01 4.25 to 1.00 Fiscal year 2002 3.75 to 1.00 Fiscal year 2003 and (ii) at any time thereafter, to exceed 3.50 thereafter 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Rent a Center Inc De)

Time is Money Join Law Insider Premium to draft better contracts faster.