Common use of Consolidated First Lien Net Leverage Ratio Clause in Contracts

Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net 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 Ending Consolidated First Lien Leverage Ratio September 30, 2014 through September 30, 2016 2.75:1.00 December 31, 2016 through September 30, 2017 2.50:1.00 December 31, 2017 through September 30, 2018 2.25:1.00 December 31, 2018 and thereafter 2.00:1.00

Appears in 1 contract

Samples: Credit Agreement (WEB.COM Group, Inc.)

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Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net 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 Ending Consolidated First Lien Leverage Ratio September 30, 2014 through September 30, 2016 2.75:1.00 December March 31, 2016 through September March 31, 2017 3.25:1.00 June 30, 2017 2.50:1.00 December 31, 2017 through September 30, 2018 2.25:1.00 December 31, 2018 3.65:1.00 March 31, 2019 through June 30, 2020 3.25:1.00 September 30, 2020 and thereafter 2.00:1.002.75:1.00

Appears in 1 contract

Samples: Credit Agreement (WEB.COM Group, Inc.)

Consolidated First Lien Net Leverage Ratio. Permit Each of the Parent and the Borrower will not, as of the last day of any fiscal quarter of the Parent, commencing with the third full fiscal quarter ending after the Effective Date, permit the Consolidated First Lien Net Leverage Ratio as at to be greater than the last day of any ratio listed below corresponding to the period of four consecutive fiscal quarters of the Borrower ending with any during which such fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarterends: Fiscal Quarter Ending Period Consolidated First Lien Net Leverage Ratio September 30July 1, 2014 2018 through December 31, 2018 4.75:1.00 January 1, 2019 through December 31, 2019 4.50:1.00 January 1, 2020 through September 30, 2016 2.75:1.00 December 31, 2016 through September 30, 2017 2.50:1.00 December 31, 2017 through September 30, 2018 2.25:1.00 December 31, 2018 and thereafter 2.00:1.002020 4.25:1.00 Thereafter 4.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Vanguard Natural Resources, Inc.)

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Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net 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 Ending Consolidated First Lien Leverage Ratio September 30, 2014 through September 30, 2016 2.75:1.00 December March 31, 2016 through September June 30, 2017 2.50:1.00 December 31, 2017 through 2018 3.25:1.00 September 30, 2018 2.25:1.00 through December 31, 2018 2019 3.00:1.00 March 31, 2020 and thereafter 2.00:1.002.50:1.00

Appears in 1 contract

Samples: Credit Agreement (WEB.COM Group, Inc.)

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