Common use of Consolidated Secured Net Leverage Ratio Clause in Contracts

Consolidated Secured Net Leverage Ratio. Holdings shall not permit the Consolidated Secured Net Leverage Ratio on the last day of any Fiscal Quarter during any period set forth below to be greater than the ratio set forth opposite such period below: Period Ratio October 1, 2008 through March 31, 0000 0.00x April 1, 2009 through September 30, 0000 0.00x October 1, 2009 through March 31, 0000 0.00x April 1, 2010 through June 30, 0000 0.00x July 1, 2014 through June 30, 0000 0.00x Thereafter 3.00x

Appears in 2 contracts

Samples: Credit Agreement (Music123, Inc.), Credit Agreement (Music123, Inc.)

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Consolidated Secured Net Leverage Ratio. Holdings shall not permit the Consolidated Secured Net Leverage Ratio on the last day of any Fiscal Quarter during any period set forth below to be greater than the ratio set forth opposite such period below: Period Ratio October 1, 2008 through March 31, 0000 0.00x April 1, 2009 through September 30, 0000 0.00x October 1, 2009 through March 31, 0000 0.00x April 1, 2010 through June September 30, 0000 0.00x July October 1, 2014 2010 through June 30March 31, 0000 0.00x Thereafter 3.00x2.75x

Appears in 2 contracts

Samples: Credit Agreement (Music123, Inc.), Credit Agreement (Music123, Inc.)

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