Maximum Senior Secured Leverage Ratio. The Borrower shall not permit the Senior Secured Leverage Ratio as of the end of any fiscal quarter to be greater than 3.00 to 1.00. The Senior Secured Leverage Ratio shall be calculated as of the last day of each fiscal quarter based upon (i) for Indebtedness, as of the last day of each such fiscal quarter and (ii) for Consolidated EBITDA, the actual amount for the four-quarter period ending on such day; and
Maximum Senior Secured Leverage Ratio. The Company shall not permit the Maximum Senior Secured Leverage Ratio of the last date of any Fiscal Quarter to exceed 3.25 to 1.00; provided that such Senior Secured Leverage Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on December 31, 2012.
Maximum Senior Secured Leverage Ratio. The Borrower will not permit the Senior Secured Leverage Ratio at any time to be greater than 1.00:1.00.
Maximum Senior Secured Leverage Ratio. Permit the Borrower’s Senior Secured Leverage Ratio as of the last day of any Test Period to exceed 3.75:1.00.
Maximum Senior Secured Leverage Ratio. On the last day of any fiscal quarter (commencing with the first full fiscal quarter ending after the Closing Date), the Borrower shall not permit the Senior Secured Leverage Ratio to be greater than (a) 5.25:1.00 as of the last day of each such fiscal quarter ending before Xxxxx 00, 0000, (x) 4.75:1.00 as of the last day of each such fiscal quarter ending on or after March 31, 2019 and (c) 4.25:1.00 as of the last day of each such fiscal quarter ending on or after March 31, 2020.
Maximum Senior Secured Leverage Ratio. As of any Fiscal Quarter end, permit the ratio of (a) Senior Debt on such date (less any cash existing on the Consolidated balance sheet on such date) to (b) EBITDA for the period of four (4) consecutive Fiscal Quarters ending on or immediately prior to such date to be greater than 2.00 to 1.00; provided, however, that for purposes of calculating compliance with this financial covenant, EBITDA for the four (4) consecutive Fiscal Quarter period ending on or immediately prior to such date shall be reduced to reflect rental expense associated with any sale-leaseback transaction permitted hereunder on a pro forma basis.
Maximum Senior Secured Leverage Ratio. Prior to the Investment Grade Date, permit the Senior Secured Leverage Ratio for the last day of any Test Period ending at any time after the Effective Date to exceed 3.25 to 1.0.
Maximum Senior Secured Leverage Ratio. Holdings and its Subsidiaries shall have on a consolidated basis at the end of each period set forth below, a Senior Secured Leverage Ratio for the four Fiscal Quarter period then ended of not more than the following: Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio March 31, 2010 3.5:1.00 June 30, 2010 3.5:1.00 September 30, 2010 3.5:1.00 December 31, 2010 3.5:1.00 March 31, 2011 3.4:1.00 Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio June 30, 2011 3.2:1.00 September 30, 2011 3.2:1.00 December 31, 2011 3.1:1.00 March 31, 2012 3.0:1.00 June 30, 2012 2.9:1.00 September 30, 2012 2.7:1.00 December 31, 2012 2.6:1.00 March 31, 2013 2.5:1.00 June 30, 2013 2.4:1.00 September 30, 2013 2.3:1.00 December 31, 2013 2.0:1.00
Maximum Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio, at the last day of any Test Period during any period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: Test Period Senior Leverage Ratio July 1, 2006 - December 31, 2006 1.50 to 1.0 January 1, 2007 - June 30, 2007 1.75 to 1.0 July 1, 2007 - December 31, 2007 1.50 to 1.0 January 1, 2008 - September 30, 2008 1.25 to 1.0 October 1, 2008 - December 31, 2009 1.40 to 1.0 January 1, 2010 and thereafter 1.25 to 1.0”
Maximum Senior Secured Leverage Ratio. A. Total Senior Secured Debt at Statement Date:
