Maintenance of Leverage Ratio. The Borrower shall not permit the Leverage Ratio to be greater than sixty percent (60%) (as determined as of the last day of each fiscal quarter).
Maintenance of Leverage Ratio. Maintain, as at the end of each fiscal quarter, a Leverage Ratio of not more than 5.50:1.
Maintenance of Leverage Ratio. Maintain during the Commitment Period a Leverage Ratio not in excess of 1.50 to 1.00.
Maintenance of Leverage Ratio. The Company shall not permit the ----------------------------- ratio of (i) Consolidated Total Indebtedness (other than the Subordinated Seller Notes) as of each date set forth below to (ii) Consolidated EBITDA, of the Paisano Group for the four consecutive fiscal quarters of the Paisano Group ended on such date to exceed the corresponding amount set forth opposite such date: Fiscal Quarter Ended: Ratio -------------------- ----- March 31, 2000 12.0:1.00 June 30, 2000 9.5:1.00 September 30, 2000 8.0:1.00 December 31, 2000 7.0:1.00 March 31, 2001 3.1:1.00 June 30, 2001 3.0:1.00 September 30, 2001 3.0:1.00
Maintenance of Leverage Ratio. The Borrower shall not permit at any time the ratio of Consolidated Liabilities to Consolidated Tangible Net Worth to be more than 3.25 to 1.0.
Maintenance of Leverage Ratio. (i) From the Agreement Date until December 31, 2023, the Borrower shall not permit the Leverage Ratio (as determined on the last day of each fiscal quarter) to be greater than 2.50 to 1.00 for any fiscal quarter.
Maintenance of Leverage Ratio. Permit, as at the end of any fiscal quarter of Holdings, the Leverage Ratio to be more than 3.00 to 1.00.
Maintenance of Leverage Ratio. Maintain the Leverage Ratio, determined as of the end of each of its fiscal quarters ending on and after April 2, 2022, of not greater than 4.50 to 1.00.
Maintenance of Leverage Ratio. Maintain the Leverage Ratio of the Borrower on the last day of each full quarter following the Closing Date at not greater than 4.00 to 1.00.
Maintenance of Leverage Ratio. Subject to the last sentence of this Section, maintain the Leverage Ratio, determined as of the end of each of its fiscal quarters ending on and after April 2July 1, 20222023, of not greater than the applicable ratio set forth in the grid below: Fiscal Quarter Ending Leverage Ratio April 2July 1, 20222023 4.507.00 to 1.00 JuneSeptember 30, 20222023 6.257.75 to 1.00 SeptemberDecember 30, 20222023 6.258.25 to 1.00 March 30, 2024 7.75 to 1.00 June 29, 2024 6.50 to 1.00 December 31, 2022September 30, 2024 6.256.00 to 1.00 March 31December 28, 20232024 6.505.50 to 1.00 June 30March 29, 20232025 6.505.25 to 1.00 September 30June 28, 20232025 6.255.00 to 1.00 December 31, 2023September 30, 2025 6.254.75 to 1.00 March 31, 2024 5.50 to 1.00 June 30, 2024December 27, 2025 and each fiscal quarter thereafter 4.50 to 1.00 It is understood and agreed that if the Company terminates the Leverage Adjustment Period pursuant to clause (ii) of the definition of Leverage Adjustment Period Termination Date, the above grid shall be disregarded and be null, void and of no further force and effect from and after such Leverage Adjustment Period Termination Date and with immediate effect upon such Leverage Adjustment Period Termination Date, the Company will be required to maintain the Leverage Ratio, determined as of the end of each of its fiscal quarters ending on and after the fiscal quarter of the Company immediately following the then most recent fiscal quarter of the Company in respect of which the Company has delivered Financials pursuant to Section 5.01(a) or (b) and the related compliance certificate pursuant to Section 5.02(a) to the Administrative Agent, of not greater than 4.50 to 1.00.
