Common use of Consolidated First Lien Leverage Ratio Clause in Contracts

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: Fiscal Quarter Consolidated First Lien Leverage Ratio March 31, 2006 2.75 to 1:00 June 30, 2006 2.75 to 1:00 September 30, 2006 2.75 to 1:00 December 31, 2006 2.50 to 1:00 March 31, 2007 2.50 to 1:00 June 30, 2007 2.50 to 1:00 September 30, 2007 2.25 to 1:00 December 31, 2007 2.25 to 1:00 March 31, 2008 2.25 to 1:00 June 30, 2008 2.25 to 1:00 September 30, 2008 2.25 to 1:00 December 31, 2008 2.25 to 1:00 March 31, 2009 2.25 to 1:00 June 30, 2009 2.25 to 1:00 September 30, 2009 2.25 to 1:00 December 31, 2009 2.25 to 1:00 March 31, 2010 2.25 to 1:00 June 30, 2010 2.25 to 1:00 September 30, 2010 2.25 to 1:00 December 31, 2010 2.25 to 1:00 March 30, 2011 2.25 to 1:00

Appears in 1 contract

Samples: Credit Agreement (New World Restaurant Group Inc)

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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: Fiscal Quarter Consolidated First Lien Leverage Ratio March 31, 2006 2.75 2.50 to 1:00 June 30, 2006 2.75 2.50 to 1:00 September 30, 2006 2.75 2.50 to 1:00 December 31, 2006 2.50 2.25 to 1:00 March 31, 2007 2.50 2.25 to 1:00 June 30, 2007 2.50 2.25 to 1:00 September 30, 2007 2.25 2.00 to 1:00 December 31, 2007 2.25 2.00 to 1:00 March 31, 2008 2.25 2.00 to 1:00 June 30, 2008 2.25 2.00 to 1:00 September 30, 2008 2.25 2.00 to 1:00 December 31, 2008 2.25 2.00 to 1:00 March 31, 2009 2.25 2.00 to 1:00 June 30, 2009 2.25 2.00 to 1:00 September 30, 2009 2.25 2.00 to 1:00 December 31, 2009 2.25 2.00 to 1:00 March 31, 2010 2.25 2.00 to 1:00 June 30, 2010 2.25 2.00 to 1:00 September 30, 2010 2.25 2.00 to 1:00 December 31, 2010 2.25 2.00 to 1:00 March 30, 2011 2.25 2.00 to 1:00

Appears in 1 contract

Samples: Credit Agreement (New World Restaurant Group Inc)

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 Holdings ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Consolidated First Lien Leverage Ratio December 31, 2005 4.00 to 1.00 March 31, 2006 2.75 4.00 to 1:00 1.00 June 30, 2006 2.75 4.00 to 1:00 1.00 September 30, 2006 2.75 4.00 to 1:00 1.00 December 31, 2006 2.50 3.75 to 1:00 1.00 March 31, 2007 2.50 3.00 to 1:00 1.00 June 30, 2007 2.50 3.00 to 1:00 1.00 September 30, 2007 2.25 3.00 to 1:00 1.00 December 31, 2007 2.25 3.00 to 1:00 1.00 March 31, 2008 2.25 2.50 to 1:00 1.00 June 30, 2008 2.25 2.50 to 1:00 1.00 September 30, 2008 2.25 2.50 to 1:00 1.00 December 31, 2008 2.25 2.50 to 1:00 1.00 March 31, 2009 2.25 2.00 to 1:00 1.00 June 30, 2009 2.25 2.00 to 1:00 1.00 September 30, 2009 2.25 2.00 to 1:00 1.00 December 31, 2009 2.25 2.00 to 1:00 1.00 March 31, 2010 2.25 1.75 to 1:00 1.00 June 30, 2010 2.25 1.75 to 1:00 1.00 September 30, 2010 2.25 1.75 to 1:00 1.00 December 31, 2010 2.25 1.75 to 1:00 1.00 March 3031, 2011 2.25 and thereafter 1.25 to 1:001.00

Appears in 1 contract

Samples: Credit Agreement (FGX International Holdings LTD)

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Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as at the last day of any time during any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below which ends on or after the Covenant Trigger Date to exceed be greater than the ratio set forth below opposite such fiscal quarterperiod: Four Fiscal Quarter Consolidated Quarters Ending Maximum First Lien Leverage Ratio March 31, 2006 2.75 to 1:00 June 30, 2006 2.75 to 1:00 September 30, 2006 2.75 to 1:00 December 31, 2006 2.50 to 1:00 March 31, 2007 2.50 to 1:00 June 30, 2007 2.50 to 1:00 through September 30, 2007 2.25 to 1:00 4.50:1.00 December 31, 2007 2.25 to 1:00 4.30:1.00 March 31, 2008 2.25 to 1:00 4.20:1.00 June 30, 2008 2.25 to 1:00 4.00:1.00 September 30, 2008 2.25 to 1:00 3.90:1.00 December 31, 2008 2.25 to 1:00 3.80:1.00 March 31, 2009 2.25 to 1:00 3.60:1.00 June 30, 2009 2.25 to 1:00 3.40:1.00 September 30, 2009 2.25 to 1:00 3.20:1.00 December 31, 2009 2.25 to 1:00 3.10:1.00 March 31, 2010 2.25 to 1:00 3.00:1.00 June 30, 2010 2.25 to 1:00 2.80:1.00 September 30, 2010 2.25 to 1:00 2.70:1.00 December 31, 2010 2.25 to 1:00 2.60:1.00 March 31, 2011 2.50:1.00 June 30, 2011 2.25 to 1:002.40:1.00 September 30, 2011 2.30:1.00 Four Fiscal Quarters Ending Maximum First Lien Leverage Ratio December 31, 2011 2.10:1.00 March 31, 2012 2.00:1.00 June 30, 2012 1.80:1.00 September 30, 2012 1.60:1.00 December 31, 2012 1.50:1.00

Appears in 1 contract

Samples: First Lien Senior Secured Credit Agreement (WII Components, Inc.)

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