Consolidated First Lien Leverage Ratio Sample Clauses
The Consolidated First Lien Leverage Ratio clause defines the calculation and application of a financial metric that measures a company's total first lien debt relative to its consolidated earnings, typically EBITDA. This ratio is used in loan agreements to monitor the borrower’s leverage and ensure it does not exceed agreed thresholds, often by comparing the sum of all first lien debt to the company’s earnings before interest, taxes, depreciation, and amortization. By establishing this ratio, the clause helps lenders manage credit risk and provides an early warning mechanism if the borrower’s debt levels become unsustainable.
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio determined as of the last day of any fiscal quarter of the Borrower to exceed 4.0 to 1.0.
Consolidated First Lien Leverage Ratio permit the Consolidated First Lien Leverage Ratio as of the end of any fiscal quarter of TRM for the twelve (12) consecutive month period ending on such date set forth below to be greater than the ratio corresponding to such fiscal quarter (using annualized EBITDA amounts in accordance with clause (a) above, to the extent applicable): 2006 n/a 2.75 2.25 2.25 2007 2.20 2.10 2.00 1.90 2008 1.80 1.70 1.60 1.50 2009 1.35 1.35 1.35 1.35 thereafter 1.25
Consolidated First Lien Leverage Ratio. Following the closing of any Refinancing Transaction, each of the Borrower and Holdings will not, and will not permit any of its Subsidiaries to, directly or indirectly, permit the Consolidated First Lien Leverage Ratio for any four consecutive Fiscal Quarters of the Borrower ending with any Fiscal Quarter set forth below to exceed the ratio set forth below opposite such Fiscal Quarter. This test will not be applicable prior to the Refinancing Transaction Closing Date. June 30, 2006 (if any Refinancing Transaction shall have closed prior to such date) 3.25x September 30, 2006 (if any Refinancing Transaction shall have closed prior to such date) 3.25x December 31, 2006 (if any Refinancing Transaction shall have closed prior to such date) 3.00x March 31, ▇▇▇▇ ▇.▇▇▇ June 30, ▇▇▇▇ ▇.▇▇▇ September 30, ▇▇▇▇ ▇.▇▇▇ December 31, ▇▇▇▇ ▇.▇▇▇ March 31, ▇▇▇▇ ▇.▇▇▇ June 30, ▇▇▇▇ ▇.▇▇▇ September 30, ▇▇▇▇ ▇.▇▇▇ December 31, ▇▇▇▇ ▇.▇▇▇ March 31, 2009 and thereafter 2.25x
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) for any fiscal quarter ending during the period from the Closing Date to and including September 30, 2006, 4.0 to 1.0, (ii) for any fiscal quarter ending during the period from December 31, 2006 to and including September 30, 2007, 3.0 to 1.0 and (iii) for any fiscal quarter ending on and after December 31, 2007, 2.5 to 1.0.
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: March 31, 2006 2.50 to 1:00 June 30, 2006 2.50 to 1:00 September 30, 2006 2.50 to 1:00 December 31, 2006 2.25 to 1:00 March 31, 2007 2.25 to 1:00 June 30, 2007 2.25 to 1:00 September 30, 2007 2.00 to 1:00 December 31, 2007 2.00 to 1:00 March 31, 2008 2.00 to 1:00 June 30, 2008 2.00 to 1:00 September 30, 2008 2.00 to 1:00 December 31, 2008 2.00 to 1:00 March 31, 2009 2.00 to 1:00 June 30, 2009 2.00 to 1:00 September 30, 2009 2.00 to 1:00 December 31, 2009 2.00 to 1:00 March 31, 2010 2.00 to 1:00 June 30, 2010 2.00 to 1:00 September 30, 2010 2.00 to 1:00 December 31, 2010 2.00 to 1:00 March 30, 2011 2.00 to 1:00
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: December 31, 2005 to September 30, 2006 4.50 to 1.00 December 31, 2006 to September 30, 2007 4.00 to 1.00 December 31, 2007 to September 30, 2008 3.75 to 1.00 December 31, 2008 to September 30, 2009 3.50 to 1.00 December 31, 2009 to September 30, 2010 3.00 to 1.00 December 31, 2010 and thereafter 2.75 to 1.00
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter:
Consolidated First Lien Leverage Ratio. The Credit Parties shall not permit the Consolidated First Lien Leverage Ratio as of the last day of any fiscal quarter of the Consolidated Parties to be greater than: 2010 N/A N/A 3.75 to 1.0 3.75 to 1.0 2011 3.75 to 1.0 3.75 to 1.0 3.50 to 1.0 3.00 to 1.0 2012 3.00 to 1.0 2.71 to 1.0 2.71 to 1.0 2.00 to 1.0 2013 and thereafter 2.00 to 1.0 2.00 to 1.0 2.00 to 1.0 2.00 to 1.0
Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the end of each Fiscal Quarter of the Borrower set forth below to be greater than the maximum ratio set forth in the table below opposite thereto. Fiscal Quarter ending September 30, 2016 2.80:1.00 Fiscal Quarter ending December 31, 2016 2.80:1.00 Fiscal Quarter ending March 31, 2017 2.70:1.00 Fiscal Quarter ending June 30, 2017 2.70:1.00 Fiscal Quarter ending September 30, 2017 2.60:1.00 Fiscal Quarter ending December 31, 2017 2.60:1.00 Fiscal Quarter ending March 31, 2018 2.60:1.00 Fiscal Quarter ending June 30, 2018 2.60:1.00 Fiscal Quarter ending September 30, 2018 and each Fiscal Quarter thereafter 2.50:1.00
Consolidated First Lien Leverage Ratio. Commencing on the eighteen (18) month anniversary of the Closing DateJune 30, 2016, (a) during the period following the end of the eighteen (18) month anniversary of the Closing DateJune 30, 2016 until the twenty-four (24) month anniversary of the Closing Date, the Consolidated First Lien Leverage Ratio for any period of four consecutive Fiscal Quarters shall not be greater than 5.5 to 1.0, determined as of the last day of each Fiscal Quarter, and (b) during the period following the end of the twenty-four (24) month anniversary of the Closing Date until the Maturity Date, the Consolidated First Lien Leverage Ratio for any period of four consecutive Fiscal Quarters shall not be greater than 5.0 to 1.0 as of the last day of each Fiscal Quarter.