Common use of Consolidated Senior Leverage Ratio Clause in Contracts

Consolidated Senior Leverage Ratio. The Company will not permit the Consolidated Senior Leverage Ratio on the last day of any fiscal quarter of the Company ending in a period set forth below to exceed the ratio set forth below applicable to such period: January 1, 2015 to and including June 30, 2016 5.0 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including December 31, 2016 4.0 to 1.0 January 1, 2017 and thereafter 3.0 to 1.0 ”

Appears in 7 contracts

Samples: Second Amending Agreement (Penn West Petroleum Ltd.), Note Purchase Agreement (Penn West Petroleum Ltd.), Note Purchase Agreement (Penn West Petroleum Ltd.)

AutoNDA by SimpleDocs

Consolidated Senior Leverage Ratio. The Company will not permit Permit the Consolidated Senior Leverage Ratio on as of the last day of any period of four consecutive fiscal quarter quarters of the Company Details ending in a during any period set forth below to exceed the ratio set forth below applicable to opposite such period: January 1Period Consolidated Senior Leverage Ratio ------ ---------------------------------- Third Amendment Effective Date through September 29, 2015 to and including June 30, 2016 5.0 2001 2.00 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 2001 through September 29, 2002 1.75 to 1.0 October 1September 30, 2016 to and including December 312002 through September 29, 2016 4.0 2003 1.50 to 1.0 January 1September 30, 2017 and 2003 through thereafter 3.0 1.25 to 1.0 ”1.0"

Appears in 2 contracts

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

Consolidated Senior Leverage Ratio. The Company will not permit the Consolidated Senior Leverage Ratio on As of the last day of any fiscal quarter of ending during the Company ending in a period set forth below periods specified below, permit the Consolidated Senior Leverage Ratio to exceed be greater than the corresponding ratio set forth below applicable to such periodbelow: January 1, 2015 to and including June Restatement Effective Date through December 30, 2016 5.0 2018 3.50 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including 1.00 December 31, 2016 4.0 2018 through December 30, 2019 3.25 to 1.0 January 11.00 December 31, 2017 2019 and thereafter 3.0 3.00 to 1.0 ”1.00

Appears in 1 contract

Samples: First Lien Credit Agreement (Turning Point Brands, Inc.)

Consolidated Senior Leverage Ratio. The Company will not permit As of the last day of each Fiscal Quarter set forth below, the Consolidated Senior Leverage Ratio on shall not exceed the last day of any fiscal quarter of the Company ending in a period ratios set forth below to exceed the ratio set forth below applicable to such periodbelow: January 1, 2015 to and including June 30, 2016 5.0 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 2009 – September 30, 2010 3.00 to 1.0 October 1, 2016 to and including 1.00 December 31, 2016 4.0 2010 2.75 to 1.0 January 11.00 March 31, 2017 2011 and thereafter 3.0 2.50 to 1.0 ”1.00

Appears in 1 contract

Samples: Credit Agreement (Switch & Data Facilities Company, Inc.)

Consolidated Senior Leverage Ratio. The Company will not permit the Consolidated Senior Leverage Ratio on As of the last day of any fiscal quarter of ending during the Company ending in a period set forth below periods specified below, permit the Consolidated Senior Leverage Ratio to exceed be greater than the corresponding ratio set forth below applicable to such periodbelow: January 1, 2015 to and including June First Amendment Effective Date through December 30, 2016 5.0 2020 3.00 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including 1.00 December 31, 2016 4.0 2020 through December 30, 2021 2.75 to 1.0 January 11.00 December 31, 2017 2021 and thereafter 3.0 2.50 to 1.0 ”1.00

Appears in 1 contract

Samples: First Lien Credit Agreement (Turning Point Brands, Inc.)

Consolidated Senior Leverage Ratio. The Company will not permit As of the last day of each fiscal quarter, the Consolidated Senior Leverage Ratio on the last day of any fiscal quarter of the Company ending in a period set forth below to exceed the ratio set forth below applicable to such periodshall be not greater than: January 1, 2015 to and including Closing Date through June 30, 2016 5.0 to 1.0 July 1, 2016 to and including 2010 3.75:1.0 September 30, 2016 4.5 to 1.0 October 1, 2016 to and including 2010 3.50:1.0 December 31, 2016 4.0 to 1.0 January 12010 through September 30, 2017 2011 3.25:1.0 December 31, 2011 through September 30, 2012 3.00:1.0 December 31, 2012 through December 31, 2013 2.75:1.0 March 31, 2014 and thereafter 3.0 to 1.0 ”2.50:1.0

Appears in 1 contract

Samples: Credit Agreement (Rehabcare Group Inc)

Consolidated Senior Leverage Ratio. The Company will not permit Permit the Consolidated Senior Leverage Ratio on as of the last day of any fiscal quarter of the Company Borrower ending in a period set forth during the periods specified below to exceed be greater than the ratio set forth below applicable to opposite such period: January 1Closing Date through June 29, 2015 2012 4.00 to and including 1.00 June 30, 2016 5.0 2012 through September 29, 2014 3.50 to 1.0 July 1, 2016 to and including 1.00 September 30, 2016 4.5 2014 through September 29, 2015 2.75 to 1.0 October 11.00 September 30, 2016 2015 and each fiscal quarter thereafter 2.50 to and including December 31, 2016 4.0 to 1.0 January 1, 2017 and thereafter 3.0 to 1.0 ”1.00

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Dynamics Research Corp)

AutoNDA by SimpleDocs

Consolidated Senior Leverage Ratio. The Company will not permit Permit the Consolidated Senior Leverage Ratio on as of the last day of any fiscal quarter of the Company Borrower ending in a period set forth during the periods specified below to exceed be greater than the ratio set forth below applicable to opposite such period: January 1Closing Date through June 29, 2015 2012 3.50 to and including 1.00 June 30, 2016 5.0 2012 through June 29, 2013 3.00 to 1.0 July 1, 2016 to and including September 1.00 June 30, 2016 4.5 2013 through June 29, 2014 2.50 to 1.0 October 11.00 June 30, 2016 2014 and each fiscal quarter thereafter 2.00 to and including December 31, 2016 4.0 to 1.0 January 1, 2017 and thereafter 3.0 to 1.0 ”1.00

Appears in 1 contract

Samples: Credit Agreement (Dynamics Research Corp)

Consolidated Senior Leverage Ratio. The Company will not permit Permit the Consolidated Senior Leverage Ratio on as of the last day of any fiscal quarter of the Company Borrower ending in a period set forth during the periods specified below to exceed be greater than the ratio set forth below applicable to opposite such period: January 1Closing Date through June 29, 2015 2012 4.00 to and including 1.00 June 30, 2016 5.0 2012 through June 29, 2013 3.50 to 1.0 July 1, 2016 to and including September 1.00 June 30, 2016 4.5 2013 through June 29, 2014 3.00 to 1.0 October 11.00 June 30, 2016 2014 and each fiscal quarter thereafter 2.50 to and including December 31, 2016 4.0 to 1.0 January 1, 2017 and thereafter 3.0 to 1.0 ”1.00

Appears in 1 contract

Samples: Subordination Agreement (Dynamics Research Corp)

Consolidated Senior Leverage Ratio. The Company will not permit the Consolidated Senior Leverage Ratio on As of the last day of any fiscal quarter of ending during the Company ending in a period set forth below periods specified below, permit the Consolidated Senior Leverage Ratio to exceed be greater than the corresponding ratio set forth below applicable to such periodbelow: January 1, 2015 to and including June Closing Date through December 30, 2016 5.0 2017 3.75 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including 1.00 December 31, 2016 4.0 2017 through December 30, 2018 3.50 to 1.0 January 11.00 December 31, 2017 2018 through December 30, 2019 3.25 to 1.00 December 31, 2019 and thereafter 3.0 3.00 to 1.0 ”1.00

Appears in 1 contract

Samples: First Lien Credit Agreement (Turning Point Brands, Inc.)

Consolidated Senior Leverage Ratio. The Company will not permit the Consolidated Senior Leverage Ratio on As of the last day of any fiscal quarter of ending during the Company ending in a period set forth below periods specified below, permit the Consolidated Senior Leverage Ratio to exceed be greater than the corresponding ratio set forth below applicable to such periodbelow: January 1, 2015 to and including June Closing Date through December 30, 2016 5.0 2017 4.25 to 1.0 July 1, 2016 to and including September 30, 2016 4.5 to 1.0 October 1, 2016 to and including 1.00 December 31, 2016 4.0 2017 through December 30, 2018 4.00 to 1.0 January 11.00 December 31, 2017 2018 through December 30, 2019 3.75 to 1.00 December 31, 2019 and thereafter 3.0 3.50 to 1.0 ”1.00

Appears in 1 contract

Samples: Second Lien Credit Agreement (Turning Point Brands, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!