Net Leverage Ratio. Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.
Net Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2015, the Credit Parties will not permit the Net Leverage Ratio of the Credit Parties and their Subsidiaries as of the last day of any Fiscal Quarter to be greater than the maximum ratio specified below during the period opposite such maximum ratio: Fiscal Quarter Ending Maximum Ratio September 30, 2015 3.50 to 1.00 December 31, 2015 3.50 to 1.00 March 31, 2016 3.25 to 1.00 June 30, 2016 3.25 to 1.00 September 30, 2016 3.25 to 1.00 December 31, 2016 and thereafter 3.00 to 1.00
Net Leverage Ratio. The Borrower will not permit the maximum Net Leverage Ratio as of the last day of any fiscal quarter ending after the Closing Date to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Net Leverage Ratio June 30, 2015 5.25:1.00 September 30, 2015 5.25:1.00 December 30, 2015 5.25:1.00 March 31, 2016 5.25:1.00 June 30, 2016 5.25:1.00 September 30, 2016 5.25:1.00 December 31, 2016 5.005.25:1.00 March 31, 2017 5.005.25:1.00 June 30, 2017 5.005.25:1.00 September 30, 2017 5.005.25:1.00 December 31, 2017 4.755.00:1.00 March 31, 2018 4.755.00:1.00 June 30, 2018 4.75:1.00 September 30, 2018 4.75:1.00 December 31, 2018 and each fiscal quarter ending thereafter 4.50:1.00
Net Leverage Ratio. As of the last day of any fiscal quarter (commencing with fiscal quarter ending March 31, 2022), permit the Net Leverage Ratio on a pro forma basis for the applicable Test Period to be greater than the Net Leverage Ratio set forth in the table below: Quarter Ending or Ended Ratio March 31, 2022 5.00 to 1.00 June 30, 2022 5.00 to 1.00 September 30, 2022 5.00 to 1.00 December 31, 2022 5.00 to 1.00 March 31, 2023 5.25 to 1.00 June 30, 2023 5.50 to 1.00 September 30, 2023 5.50 to 1.00 December 31, 2023 5.25 to 1.00 March 31, 2024 5.00 to 1.00 June 30, 2024 4.25 to 1.00 September 30, 2024 4.25 to 1.00 December 31, 2024 4.25 to 1.00 March 31, 2025 4.25 to 1.00 June 30, 2025 and thereafter 3.75 to 1.00 provided, however, for any fiscal quarter ended after March 31, 2025, such Net Leverage Ratio shall be increased to 4.50 to 1.00 for each of the four fiscal quarters ending immediately following the consummation of any Material Acquisition.
Net Leverage Ratio. The Borrower will not permit the Net Leverage Ratio at the end of any fiscal quarter to exceed 3.5 to 1.00; provided that if, at the end of any fiscal quarter, the Net Leverage Ratio is greater than 3.5 to 1.00 and the Borrower has entered into a permitted acquisition within the two most recently ended fiscal quarters (including such fiscal quarter) (a fiscal quarter in which all such conditions are satisfied, a “Trigger Quarter”), then the Net Leverage Ratio may be greater than 3.5 to 1.00 (but shall not exceed 4.00 to 1.00) for such Trigger Quarter and the next succeeding three fiscal quarters; provided that, following the occurrence of a Trigger Quarter, no subsequent Trigger Quarter shall be permitted or deemed to exist unless and until the Net Leverage Ratio has returned to less than or equal to 3.5 to 1.00 as of the end of at least one fiscal quarter following the occurrence of such initial Trigger Quarter; provided, further that, the Borrower shall cause the Net Leverage Ratio to be less than or equal to 3.5 to 1.00 by the end of a fiscal quarter no later than the fourth fiscal quarter after such initial Trigger Quarter.
Net Leverage Ratio. Beginning with the fiscal quarter ending September 30, 2014, the Borrower shall not permit the Net Leverage Ratio as of each fiscal quarter end to be more than 4.00 to 1.00.”
Net Leverage Ratio. AGCO shall not allow, as of the end of each Fiscal Quarter of AGCO, the Net Leverage Ratio to exceed 3.00 to 1.00.
Net Leverage Ratio. Permit the Net Leverage Ratio as of the last day of any fiscal quarter, which last day occurs in any period set forth below, to be in excess of the ratio set forth below for such period: Period: Ratio: March 31, 1998 to June 30, 1998 4.00 July 1, 1998 to December 31, 1998 3.75 January 1, 1999 to March 31, 1999 3.50 April 1, 1999 to June 30, 1999 3.25 July 1, 1999 to September 30, 1999 3.00 October 1, 1999 to June 30, 2000 2.50 July 1, 2000 to September 30, 2000 2.25 October 1, 2000 to March 31, 2001 2.00 April 1, 2001 to September 30, 2001 1.75 October 1, 2001 to March 31, 2002 1.50 April 1, 2002 and thereafter 1.00
Net Leverage Ratio. Permit the Net Leverage Ratio, as of the end of any fiscal quarter of the Combined Companies (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be greater than sixty percent (60%); provided, however, that for any one (1) period (but only one (1) period during the term of this Agreement) of up to two (2) consecutive fiscal quarters immediately following a Material Acquisition of which written notice has been provided to Administrative Agent, the Net Leverage Ratio may exceed 60% but may not exceed 65%.
Net Leverage Ratio. The Borrower shall, at all times, cause the Net Leverage Ratio to be less than or equal to 4.50:1.00 and such ratio to be measured at the conclusion of each Fiscal Quarter.
