Common use of Consolidated Net Leverage Ratio Clause in Contracts

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than the ratio set forth below opposite such fiscal quarter: September 30, 2013 3.25 to 1.0 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.0

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Providence Service Corp), Credit and Guaranty Agreement (Providence Service Corp)

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Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of during the Borrower periods set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: September 30, 2013 3.25 2017 3.50 to 1.0 1:00 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 2017 through September 30, 2014 2018 3.25 to 1.0 1.00 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 2018 and each fiscal quarter end thereafter 2.50 3.00 to 1.01.00

Appears in 2 contracts

Samples: Credit Agreement (TopBuild Corp), Credit Agreement (TopBuild Corp)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio Ratio, as of the end of any fiscal quarter of each Fiscal Quarter, commencing with the Borrower Fiscal Quarter ending December 31, 2020, to be greater than than: (a) 3.25:1.00, with respect to each of the ratio set forth below opposite such fiscal quarter: Fiscal Quarters ending December 31, 2020, March 31, 2021 and June 30, 2021; and (b) 3:00:1.00, with respect the Fiscal Quarter ending September 30, 2013 3.25 to 1.0 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 2021 and each fiscal quarter thereafter 2.50 to 1.0Fiscal Quarter ending thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Rotech Healthcare Holdings Inc.), Credit Agreement (Rotech Healthcare Holdings Inc.)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: September 30March 31, 2013 3.25 to 1.0 2017 through December 31, 2013 3.25 2017 4.00 to 1.0 1.00 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 2018 through December 31, 2014 3.00 2018 3.50 to 1.0 1.00 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 2019 and each fiscal quarter thereafter 2.50 3.25 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (TUTOR PERINI Corp)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of at any time during the end of any fiscal quarter of the Borrower periods set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: September 30, 2013 3.25 to 1.0 December 31, 2013 3.25 2020 through June 29, 2021 6.50 to 1.0 March 31, 2014 3.25 to 1.0 1.00 June 30, 2014 3.25 to 1.0 September 2021 through December 30, 2014 3.25 2021 6.00 to 1.0 1.00 December 31, 2014 3.00 2021 and thereafter 3.50 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.01.000

Appears in 1 contract

Samples: Credit Agreement (Charah Solutions, Inc.)

Consolidated Net Leverage Ratio. Permit the Consolidated Leverage Net Leverage Ratio as of the end of any fiscal quarter of each Fiscal Quarter, commencing with the Borrower Fiscal Quarter ending September 30, 2015, to be greater than the ratio set forth below opposite such fiscal quarterthan: Fiscal Quarter Consolidated Net Leverage Ratio Each Fiscal Quarter ending on or prior to September 30, 2013 3.25 to 1.0 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 2016 4.00:1.00 Each Fiscal Quarter ending after September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.03.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Molina Healthcare Inc)

Consolidated Net Leverage Ratio. Permit the The Consolidated Net Leverage Ratio Ratio, calculated as of the end last day of each fiscal quarter (beginning with the fiscal quarter ending December 31, 2017) or as of any other date on a Pro Forma Basis, (i) for (A) the fiscal quarter of ended June 30, 2020 and (B) the Borrower to be greater than the ratio set forth below opposite such fiscal quarter: quarter ended September 30, 2013 3.25 2020, shall be less than or equal to 1.0 5.00 to 1.00, (ii) for the fiscal quarter ended December 31, 2013 3.25 2020, shall be less than or equal to 1.0 March 314.75 to 1.00 and (iii) for any other fiscal quarter, 2014 3.25 shall be less than or equal to 1.0 June 30, 2014 3.25 4.50 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Mednax, Inc.)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the end of Company ending with any fiscal quarter of the Borrower set forth below to be greater than exceed the ratio set forth below opposite such fiscal quarter: March 31, 2020 4.50 to 1.00 March 31, 2022 5.25 to 1.00 June 30, 2022 4.75 to 1.00 September 30, 2013 3.25 2022 4.25 to 1.0 1.00 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 2022 and each fiscal quarter ending thereafter 2.50 3.75 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Tenneco Inc)

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Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of at any time during the end of any fiscal quarter of the Borrower periods set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: December 31, 2020 through September 30, 2013 3.25 2021 5.50 to 1.0 1.00 October 1, 2021 through December 30, 2021 4.50 to 1.00 December 31, 2013 3.25 2021 and thereafter 3.50 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Charah Solutions, Inc.)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as at any time during any period of four fiscal quarters of the end of any fiscal quarter of the Borrower Company set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: June 30, 2013 through September 30, 2013 3.25 20131 4.25 to 1.0 1.00 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 through June 30, 2014 3.25 4.00 to 1.0 1.00 September 30, 2014 3.25 to 1.0 through December 31, 2014 3.00 3.75 to 1.0 1.00 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 3.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

Consolidated Net Leverage Ratio. Permit As of the last day of any fiscal quarter during the periods set forth below, permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than the corresponding ratio set forth below opposite such fiscal quarterbelow: 140 146960219_6 165457743_4 Closing Date through September 30, 2013 3.25 2022 5.50 to 1.0 1.00 December 31, 2013 3.25 to 1.0 2022 through June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2014 3.25 2024 and thereafter 6.00 to 1.0 June 30, 2014 3.25 1.00 5.50 to 1.0 September 30, 2014 3.25 1.00 4.50 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Southwest Gas Corp)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of at any time during the end of any fiscal quarter of the Borrower periods set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: Closing Date through June 29, 2019 3.75 to 1.00 June 30, 2019 through March 30, 2020 Waived March 31, 2020 through September 29, 2020 6.50 to 1.00 September 30, 2013 3.25 to 1.0 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 2020 and thereafter 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 and each fiscal quarter thereafter 2.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (Charah Solutions, Inc.)

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such fiscal quarterperiod: Ninth Amendment Effective Date through June 30, 2022 5.00 to 1.00 September 30, 2013 3.25 to 1.0 December 31, 2013 3.25 to 1.0 March 31, 2014 3.25 to 1.0 June 30, 2014 3.25 to 1.0 September 30, 2014 3.25 to 1.0 December 31, 2014 3.00 to 1.0 March 31, 2015 3.00 to 1.0 June 30, 2015 3.00 to 1.0 September 30, 2015 3.00 to 1.0 December 31, 2015 2.75 to 1.0 March 31, 2016 2.75 to 1.0 June 30, 2016 2022 and each fiscal quarter thereafter 2.50 4.50 to 1.01.00

Appears in 1 contract

Samples: Credit Agreement (ModivCare Inc)

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