Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio for any period of four consecutive fiscal quarters of the Borrowers ending with the last day of any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Consolidated Adjusted Debt Ratio FQ3 2002 5.50:1.00 FQ4 2002 5.50:1.00 FQ1 2003 5.50:1.00 FQ2 2003 5.50:1.00 FQ3 2003 5.50:1.00 FQ4 2003 5.50:1.00 FQ1 2004 5.50:1.00 FQ2 2004 5.50:1.00 FQ3 2004 5.50:1.00 FQ4 2004 5.50:1.00 FQ1 2005 5.25:1.00 FQ2 2005 5.25:1.00 FQ3 2005 5.25:1.00 FQ4 2005 5.25:1.00 FQ1 2006 5.25:1.00 FQ2 2006 5.25:1.00 FQ3 2006 5.25:1.00 FQ4 2006 5.25:1.00 FQ1 2007 5.25:1.00 FQ2 2007 5.25:1.00 FQ3 2007 5.25:1.00 FQ4 2007 and thereafter 5.25:1.00 For purposes of determining the ratio described above (i) for the fiscal quarters of the Borrowers ending FQ3 2002 and FQ4 2002, (A) Consolidated EBITDAR for the relevant period shall be deemed to be equal to Consolidated EBITDAR for the trailing 12-month period ending on the last date of each such fiscal quarter and (B) the calculation of each of Consolidated EBITDAR and rent expense shall include operating performance of only that Real Estate that was owned and operated by Holdings or any of its Restricted Subsidiaries as of January 30, 2002 or acquired thereafter and (ii) for any fiscal quarters of the Borrowers, Consolidated Adjusted Debt shall be reduced by the amount of unencumbered cash held by Holdings and its Restricted Subsidiaries as of the end of such fiscal quarters.
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio at any time to be greater than 3.50 to 1.00.
Consolidated Adjusted Leverage Ratio. (a) Guarantor covenants and agrees with VRLP that at each Quarterly Measurement Date the Consolidated Adjusted Leverage Ratio will not exceed 8.00:1.00.
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio as at the end of any Measurement Period ending as of the last day of any Fiscal Quarter set forth below to be greater than the ratio (the “Maximum Consolidated Leverage Ratio”) set forth below opposite such Fiscal Quarter: Fiscal Quarter Maximum Consolidated Leverage Ratio September 30, 2015 11.20:1.00 December 31, 2015 8.60:1.00 March 31, 2016 8.00:1.00 June 30, 2016 7.40:1.00 September 30, 2016 7.00:1.00 December 31, 2016 and thereafter 6.30:1.00
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio as of the last day of any fiscal quarter of the Borrower to be greater than 3.50 to 1.00.
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Borrowers ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Consolidated Adjusted Leverage Ratio FQ1 2014 4.75 to 1.00 FQ2 2014 5.75 to 1.00 FQ3 2014 5.75 to 1.00 FQ4 2014 5.75 to 1.00 FQ1 2015 5.50 to 1.00 FQ2 2015 5.50 to 1.00 FQ3 2015 5.50 to 1.00 FQ4 2015 5.50 to 1.00 FQ1 2016 5.25 to 1.00 FQ2 2016 5.25 to 1.00 FQ3 2016 5.25 to 1.00 FQ4 2016 5.25 to 1.00 FQ1 2017 5.00 to 1.00 FQ2 2017 5.00 to 1.00 FQ3 2017 5.00 to 1.00 FQ4 2017 5.00 to 1.00 FQ1 2018 4.75 to 1.00 FQ2 2018 4.75 to 1.00 FQ3 2018 4.75 to 1.00 FQ4 2018 and thereafter 4.50 to 1.00
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio for any period of four consecutive fiscal quarters to exceed 5.85 to 1.00.”
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Borrower ending within any time period set forth below to exceed the ratio set forth below opposite such time period: Fiscal Quarters Ending Consolidated Adjusted Leverage Ratio June 12, 2007—September 4, 2007 5.50 : 1 September 4, 2007—December 25, 2007 5.25 : 1 December 25, 2007—March 18, 2008 5.25 : 1 March 18, 2008—June 10, 2008 5.25 : 1 June 10, 2008—September 2, 2008 5.00 : 1 September 2, 2008—December 30, 2008 4.75 : 1 December 30, 2008—March 24, 2009 4.50 : 1 March 24, 2009—June 16, 2009 4.50 : 1 June 16, 2009—September 8, 2009 4.50 : 1 September 8, 2009—December 29, 2009 4.25 : 1 December 29, 2009—thereafter 4.00 : 1
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio, (i) at any time prior to the Second Amendment Date, to be greater than 3.00:1.00, (ii) at any time from and after the Second Amendment Date and prior to August 1, 2009, to be greater than 4.00:1.00, and (iii) thereafter, to be greater than 3.50:1.00.
Consolidated Adjusted Leverage Ratio. Permit the Consolidated Adjusted Leverage Ratio as of the end of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending December 31, 2007, to be greater than the ratio set forth opposite such fiscal quarter below: Quarter Ending Ratio December 31, 2007 2.0:1.0 March 31, 2008 2.0:1.0 June 30, 2008 2.5:1.0 September 30, 2008 2.0:1.0 December 31, 2008 2.0:1.0 March 31, 2009 2.0:1.0 June 30, 2009 2.5:1.0 September 30, 2009 2.0:1.0 December 31, 2009 2.0:1.0 March 31, 2010 2.0:1.0 June 30, 2010 2.5:1.0 September 30, 2010 2.0:1.0 December 31, 2010 2.0:1.0 March 31, 2011 2.0:1.0 June 30, 2011 2.5:1.0
