Common use of Maximum Leverage Ratio Clause in Contracts

Maximum Leverage Ratio. The Company shall not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated as of the end of each fiscal quarter to Consolidated EBITDA for the immediately preceding four fiscal quarters to be greater than 3.0 to 1.0:

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated ratio, determined as of the end of each of its fiscal quarter quarters ending on and after February 27, 2010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.5 to 1.0:.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated ratio, determined as of the end of each of its fiscal quarter quarters ending on and after March 4, 2006, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.5 to 1.0:.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2017, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 4.75 to 1.0:1.00.

Maximum Leverage Ratio. The Parent and the Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on or after the Restatement Effective Date, of (i) Consolidated Net Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group on a consolidated basis, to be greater than 3.0 2.50 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 31, 2011, of (i) Consolidated Total Indebtedness minus Qualified Cash as of the end of such fiscal quarter to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 4.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall Borrower will not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated ratio, determined as of the end of each of its fiscal quarter quarters ending on and after March 4, 2006, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.5 to 1.0:.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.25 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after March 31, 2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after December 31, 2010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after September 29, 2012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after August 31, 2010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.75 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2008, of (i) Consolidated Funded Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2017, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 4.50 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 4.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated ratio, determined as of the end of each of its fiscal quarter quarters ending on and after March 3, 2012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.5 to 1.0:.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.25 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after September 30, 2008, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated ratio, determined as of the end of each of its fiscal quarters ending on and after March 25, 2006, of (i) Consolidated Total Indebtedness as of the last day of such fiscal quarter to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter (such ratio, the “Total Leverage Ratio”), all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 to 1.0than:

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.25 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after January 31, 2011, of (i) Consolidated Total Funded Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters most recently ended, taken as a single period, all calculated for the Company and its Subsidiaries on a consolidated basis based on the quarterly compliance certificate most recently delivered pursuant to Section 7.2, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after December 31, 2015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.25 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after December 31, 2014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.50 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after June 30, 2007, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.50 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after March 31, 2008, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after September 27, 2014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after December 31, 2012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.25 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after March 31, 2012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending after June 27, 2009, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.50 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after December 31, 2007, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 (x) upon the exercise of the Leverage Ratio Increase Option by the Company, 4.00 to 1.0:1.00 and (y) at any other time, 3.50 to 1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after September 30, 2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated "Leverage Ratio"), determined as of the end of each of its fiscal quarter quarters ending on and after September 30, 2007, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.00 to 1.0:1.00.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of the Total Indebtedness of the Company and its Subsidiaries calculated ratio, determined as of the end of each of its fiscal quarter quarters, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding four period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.5 to 1.0:.

Maximum Leverage Ratio. The Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after September 30, 2015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.0 3.50 to 1.0:1.00.

Maximum Leverage Ratio. The Parent and the Company shall will not at any time permit the ratio of (the Total Indebtedness of the Company and its Subsidiaries calculated “Leverage Ratio”), determined as of the end of each of its fiscal quarter quarters ending on and after July 30, 2011, of (i) Consolidated Net Indebtedness to (ii) Consolidated EBITDA for the immediately preceding period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group on a consolidated basis, to be greater than 3.0 2.50 to 1.0:1.00.