Borrower Leverage Ratio. The Borrower shall maintain, and shall cause its Subsidiaries to maintain, a Leverage Ratio, as of and for each period of four consecutive fiscal quarters set forth below, of not greater than the ratio for such period set forth below: September 30, 2014 December 31, 2014 March 31, 2015 through December 31, 2015 March 31, 2016 through December 31, 2016 March 31, 2017 through December 31, 2017 March 31, 2018 and thereafter 4.15 to 1.00 4.00 to 1.00 3.75 to 1.00 3.50 to 1.00 3.25 to 1.00 3.00 to 1.00
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Borrower Leverage Ratio. The Borrower shall maintain, and shall cause its Subsidiaries to maintain, a Leverage Ratio, as of and for each period of four consecutive fiscal quarters set forth below, of not greater than the ratio for such period set forth below: Four Quarters Ending Leverage Ratio September 30, 2014 December 31, 2014 March 31, 2015 through December 31, 2015 March 31, 2016 through December 31, 2016 March 31, 2017 through December 31, 2017 March 31, 2018 and thereafter 4.15 to 1.00 4.00 to 1.00 3.75 to 1.00 3.50 to 1.00 3.25 to 1.00 3.00 to 1.00
Appears in 1 contract
Samples: Securities Purchase Agreement
Borrower Leverage Ratio. The Borrower shall maintain, and shall cause its Subsidiaries to maintain, a Leverage Ratio, as of and for each period of four consecutive fiscal quarters set forth belowquarters, of not greater than the ratio for such period set forth below: September 30, 2014 December 31, 2014 March 31, 2015 through December 31, 2015 March 31, 2016 4.75:1.00 through December 31, 2016 March 31, 2017 through December 31, 2017 March 31, 2018 and thereafter 4.15 to 1.00 4.00 to 1.00 3.75 to 1.00 3.50 to 1.00 3.25 to 1.00 3.00 to 1.004.50:1.00 thereafter.
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)
Borrower Leverage Ratio. The Borrower shall maintain, and shall cause its Subsidiaries to maintain, a Leverage Ratio, as of and for each period of four consecutive fiscal quarters set forth below, of not greater than the ratio for such period set forth below: March 31, 2014 through September 30, 2014 December 31, 2014 March 31, 2015 through December 31, 2015 March 31, 2016 through December 31, 2016 March 31, 2017 through December 31, 2017 March 31, 2018 and thereafter 4.15 to 1.00 4.00 to 1.00 3.75 to 1.00 3.50 to 1.00 3.25 to 1.00 3.00 to 1.00
Appears in 1 contract
Samples: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)