Common use of Consolidated Senior Leverage Ratio Clause in Contracts

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 2.25:1.0 for each fiscal quarter ending thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Navigant International Inc), Credit Agreement (Navigant International Inc)

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Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 for each of the fiscal quarters quarter ending December 31on or about January 28, 2003 2006 and Xxxxx 00the fiscal quarter ending on or about April 29, 00002006, 3.25:1.0, (xxii) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 2.25:1.0 for each fiscal quarter ending thereafter, (A) 3.0:1.0 if such fiscal quarter is the third or fourth fiscal quarter of the Borrower’s fiscal year and (B) 3.75:1.0 if such fiscal quarter is the first or second fiscal quarter of the Borrower’s fiscal year.

Appears in 2 contracts

Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)

Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio as at the last day of the end any period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter of set forth below to exceed the Borrower ratio set forth below opposite such fiscal quarter: Fiscal Year Fiscal Quarter Ratio ----------- -------------- ----- 2000 Fourth 2.35 to be greater than (i) 2.75:1.0 for each of the fiscal quarters ending December 31, 1.00 2001 First 2.45 to 1.00 Second 2.55 to 1.00 Third 1.70 to 1.00 Fourth 1.60 to 1.00 2002 First 1.60 to 1.00 Second 1.60 to 1.00 Third 1.60 to 1.00 Fourth 1.60 to 1.00 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 2.25:1.0 for each fiscal quarter ending thereafter.First 1.60 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Ifco Systems Nv)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio Ratio, for the period of four fiscal quarters of Borrower ending as of the end of any fiscal quarter of that ends on or after the Borrower Closing Date, to be greater than (i) 2.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, and (iii) 2.25:1.0 for each fiscal quarter ending thereafter2.75:1.

Appears in 1 contract

Samples: Credit Agreement (Flow International Corp)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter (calculated for each four consecutive fiscal quarter period) of the Borrower to be greater than (i) 2.75:1.0 for each of the fiscal quarters ending ratio set forth opposite such period: Four Fiscal Maximum Consolidated Quarters Ending Senior Leverage Ratio --------------- --------------------- Closing Date through 2.75 to 1.00 December 31, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, 2006 March 31, 2005, June 30, 2005 2007 and September 30, 2005, and (iii) 2.25:1.0 for each 2.50 to 1.00" fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Polymedica Corp

Consolidated Senior Leverage Ratio. Permit the The Borrower shall maintain a Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 not greater than 4.50:1.00 for each of the fiscal quarters quarter ending December March 31, 2003 and Xxxxx 00, 0000, 2010; (xxii) 2.50:1.0 not greater than 4.25:1.0 for each of the fiscal quarters quarter ending June 30, 2004, 2010; (iii) not greater than 3.75:1.0 for the fiscal quarter ending September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, 2010; and (iiiiv) 2.25:1.0 not greater than 3.50:1.00 for each fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Northwest Pipe Co)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 2011 and September 30, 20052011, 3.5:1.0, (ii) for the fiscal quarter ending December 31, 2011, 3.25:1.0 and (iiiii) 2.25:1.0 for each any fiscal quarter ending thereafter, 3.0:1.0.

Appears in 1 contract

Samples: And Consent Agreement (ExamWorks Group, Inc.)

Consolidated Senior Leverage Ratio. Permit the The Borrower shall maintain a Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 not greater than 12.75:1.0 for each of the fiscal quarters quarter ending September 30, 2010; (ii) not greater than 7.50:1.0 for the fiscal quarter ending December 31, 2003 and Xxxxx 00, 0000, 2010; (xxiii) 2.50:1.0 not greater than 6.25:1.0 for each of the fiscal quarters quarter ending March 31, 2011; (iv) not greater than 4.75:1.0 for the fiscal quarter ending June 30, 2004, 2011; (v) not greater than 4.00:1.0 for the fiscal quarter ending September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, 2011; and (iiivi) 2.25:1.0 not greater than 3.50:1.00 for each fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Northwest Pipe Co)

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Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of Borrower commencing with the Borrower fiscal quarter ending September 30, 2012 to be greater than (i) 2.75:1.0 the ratio set forth below for each of the fiscal quarters ending December 31during the period indicated: Quarter Ending Minimum Ratio September 30, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending 2012 – June 30, 2004, 2013 2.75:1.0 September 30, 2004, December 31, 2004, March 31, 2005, 2013 – June 30, 2005 and 2014 2.50:1.0 September 30, 2005, 2014 and (iii) 2.25:1.0 for each fiscal quarter ending thereafter.thereafter 2.00:1.0

Appears in 1 contract

Samples: First Amendment and Waiver (TUTOR PERINI Corp)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 3.0:1.0 for each of the fiscal quarters ending December 31, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 2005, (ii) 2.75:1.0 for the fiscal quarters ending December 31, 2005 and March 31, 2006 and (iii) 2.25:1.0 2.5:1.0 for the fiscal quarter ending June 30, 2006 and each fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Symbion Inc/Tn)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end last day of any fiscal quarter of the Borrower Borrower, beginning with the fiscal quarter ending October 31, 2013, to be greater than (i) 2.75:1.0 for each of the ratio set forth below opposite such fiscal quarters quarter: Period Maximum Consolidated Senior Leverage Ratio The fiscal quarter ending December October 31, 2003 and Xxxxx 002013 4.70 : 1.00 The fiscal quarter ending January 31, 0000, (xx) 2.50:1.0 for each of the 2014 4.00 : 1.00 The fiscal quarters quarter ending June April 30, 2004, September 30, 2004, December 2014 3.50 : 1.00 The fiscal quarter ending July 31, 2004, March 31, 2005, June 30, 2005 2014 and September 30, 2005, and (iii) 2.25:1.0 for each fiscal quarter ending thereafter.thereafter 3.25 : 1.00

Appears in 1 contract

Samples: Securities Purchase Agreement (Diamond Foods Inc)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the end of Borrower ending with any fiscal quarter of set forth below to exceed the Borrower to be greater than (i) 2.75:1.0 for each of the ratio set forth below opposite such fiscal quarters ending December quarter: Consolidated Fiscal Quarter Senior Leverage Ratio ----------------------------- ---------------------- March 31, 2003 and Xxxxx 002004 - March 31, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending 2007 4.25 to 1.0 June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 2007 and September 30, 2005, and (iii) 2.25:1.0 for each fiscal quarter ending thereafter.thereafter 4.00 to 1.0

Appears in 1 contract

Samples: Credit Agreement (Villa Pines Care LLC)

Consolidated Senior Leverage Ratio. Permit the Consolidated Senior Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than (i) 2.75:1.0 for each of with respect to the fiscal quarters quarter ending December 31in January or April of each year, 2003 and Xxxxx 00, 0000, (xx) 2.50:1.0 for each of the fiscal quarters ending June 30, 2004, September 30, 2004, December 31, 2004, March 31, 2005, June 30, 2005 and September 30, 20053.00:1.0, and (iiiii) 2.25:1.0 for each with respect to the fiscal quarter ending thereafterin July or October of each fiscal year, 3.75:1.0.

Appears in 1 contract

Samples: Credit Agreement (School Specialty Inc)

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