Maximum Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio of the Borrower and its Consolidated Subsidiaries at any time during any consecutive four fiscal quarter period to be greater than (i) 3.75 to 1.00 during any such period ending on or before March 31, 2012, or (ii) 3.50 to 1.00 during any period thereafter.
Maximum Consolidated Total Leverage Ratio. Borrower shall not permit the Consolidated Total Leverage Ratio as of the last day of any Fiscal Quarter set forth below to exceed the correlative ratio indicated below: Period Maximum Consolidated Total Leverage Ratio 2nd Fiscal Quarter, Fiscal Year 2001 4.50:1.00 3rd Fiscal Quarter, Fiscal Year 2001 4.50:1.00 4th Fiscal Quarter, Fiscal Year 2001 4.50:1.00 1st Fiscal Quarter, Fiscal Year 2002 4.50:1.00 2nd Fiscal Quarter, Fiscal Year 2002 4.25:1.00 3rd Fiscal Quarter, Fiscal Year 2002 4.25:1.00 4th Fiscal Quarter, Fiscal Year 2002 4.25:1.00 1st Fiscal Quarter, Fiscal Year 2003 4.25:1.00 2nd Fiscal Quarter, Fiscal Year 2003 4.00:1.00 3rd Fiscal Quarter, Fiscal Year 2003 4.00:1.00 4th Fiscal Quarter, Fiscal Year 2003 3.75:1.00 1st Fiscal Quarter, Fiscal Year 2004 3.75:1.00 2nd Fiscal Quarter, Fiscal Year 2004 3.75:1.00 3rd Fiscal Quarter, Fiscal Year 2004 3.75:1.00 4th Fiscal Quarter, Fiscal Year 2004 3.50:1.00 1st Fiscal Quarter, Fiscal Year 2005 3.25:1.00 and each Fiscal Quarter thereafter
Maximum Consolidated Total Leverage Ratio. The Loan Parties shall not permit the Consolidated Total Leverage Ratio as of the last day of any Fiscal Quarter ending during any of the periods set forth below to exceed the correlative ratio indicated: Period Maximum Consolidated Total Leverage Ratio ------ ----------------------------------------- July 1, 2004 to June 30, 2005 6.0 to 1.0 July 1, 2005 to June 30, 2006 5.5 to 1.0 July 1, 2006 to June 30, 2007 5.0 to 1.0 July 1, 2007 to June 30, 2008 4.0 to 1.0 July 1, 2008 and thereafter 3.5 to 1.0
Maximum Consolidated Total Leverage Ratio. Holdings will not permit the Consolidated Total Leverage Ratio for any Test Period ending on the last day of a fiscal quarter of the U.S. Borrower described below to be greater than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Closest to Ratio September 30, 2006 4.80:1.00 December 31, 2006 4.80:1.00 March 31, 2007 4.80:1.00 June 30, 2007 4.80:1.00 September 30, 2007 4.55:1.00 December 31, 2007 4.55:1.00 March 31, 2008 4.30:1.00 June 30, 2008 4.30:1.00 September 30, 2008 4.05:1.00 December 31, 2008 4.05:1.00 March 31, 2009 3.80:1.00 June 30, 2009 3.80:1.00 September 30, 2009 and 3.55:1.00 at all times thereafter
Maximum Consolidated Total Leverage Ratio. Maintain at all times a Consolidated Total Leverage Ratio not greater than 0.50 to 1.00.
Maximum Consolidated Total Leverage Ratio. Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending December 31, 2013), for the twelve (12) month period ending on such day, the Consolidated Total Leverage Ratio to exceed the Maximum Consolidated Total Leverage Ratio applicable as of such day in accordance with the definition thereof.
Maximum Consolidated Total Leverage Ratio. The Servicer will cause the Consolidated Total Leverage Ratio at all times during the fiscal quarters of the Servicer set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio June 30, 2009 5.25:1.00 September 30, 2009 6.625:1.00 December 31, 2009 7.125:1.00 March 31, 2010 7.80:1.00 June 30, 2010 7.80:1.00 September 30, 2010 7.25:1.00 December 31, 2010 6.625:1.00 March 31, 2011 6.50:1.00 June 30, 2011 6.375:1.00 September 30, 2011 6.25:1.00 December 31, 2011 5.75:1.00 March 31, 2012 5.75:1.00 June 30, 2012 5.25:1.00 September 30, 2012 4.75:1.00 December 31, 2012 4.50:1.00 March 31, 2013 4.50:1.00 June 30, 2013 4.25:1.00 September 30, 2013 3.75:1.00 December 31, 2013, 3.50:1.00 and thereafter
Maximum Consolidated Total Leverage Ratio. Borrower shall not permit the Consolidated Total Leverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be greater than the levels set forth below. Fiscal Quarter End Date Ratio June 30, 2019 4.50:1.00 September 30, 2019 4.50:1.00 December 31, 2019 4.50:1.00 March 31, 2020 4.00:1.00 June 30, 2020 4.00:1.00 September 30, 2020 4.00:1.00 December 31, 2020 4.00:1.00 March 31, 2021 3.50:1.00 June 30, 2021 3.50:1.00 September 30, 2021 3.50:1.00 December 31, 2021 3.50:1.00 March 31, 2022 3.00:1.00 June 30, 2022 3.00:1.00 September 30, 2022 3.00:1.00 December 31, 2022 3.00:1.00 March 31, 2023 2.50:1.00
Maximum Consolidated Total Leverage Ratio. The Borrower will not permit the Consolidated Total Leverage Ratio for any fiscal quarter of the Borrower set forth below to be greater than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2017 5.25:1.00 March 31, 2018 5.25:1.00 June 30, 2018 5.25:1.00 September 30, 2018 5.00:1.00 December 31, 2018 4.75:1.00 March 31, 2019 4.50:1.00 June 30, 2019 4.25:1.00 September 30, 2019 and each fiscal quarter thereafter 4.00:1.00
Maximum Consolidated Total Leverage Ratio. For each period below, the Parent will not permit the Consolidated Total Leverage Ratio for such period to be greater than the correlative ratio indicated: Period Maximum Consolidated Total Leverage Ratio The four Fiscal Quarter period ending on or about March 31, 2013 4.40 to 1.00 The four Fiscal Quarter period ending on or about June 30, 2013 3.90 to 1.00 The four Fiscal Quarter period ending on or about September 30, 2013 3.80 to 1.00 The four Fiscal Quarter period ending on or about December 31, 2013 3.90 to 1.00 The four Fiscal Quarter period ending on or about March 31, 2014 3.60 to 1.00 The four Fiscal Quarter period ending on or about June 30, 2014 3.40 to 1.00 The four Fiscal Quarter period ending on or about September 30, 2014 3.20 to 1.00 The four Fiscal Quarter period ending on or about December 31, 2014 2.90 to 1.00 The four Fiscal Quarter period ending on or about March 31, 2015 2.70 to 1.00
