Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio for any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter ending on or near the respective dates set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Senior Fiscal Quarter Leverage Ratio -------------- -------------- December 31, 1999 3.75 : 1.00 March 31, 2000 3.50 : 1.00 June 30, 2000 3.50 : 1.00 September 30, 2000 3.25 : 1.00 December 31, 2000 3.25 : 1.00 March 31, 2001 3.00 : 1.00 June 30, 2001 3.00 : 1.00 September 30, 2001 2.75 : 1.00 December 31, 2001 2.75 : 1.00 March 31, 2002 2.50 : 1.00 June 30, 2002 2.50 : 1.00 September 30, 2002 2.25 : 1.00 December 31, 2002 2.25 : 1.00 March 31, 2003 2.00 : 1.00 June 30, 2003 2.00 : 1.00 September 30, 2003 1.75 : 1.00 December 31, 2003 1.75 : 1.00 March 31, 2004 1.50 : 1.00 June 30, 2004 1.50 : 1.00 September 30, 2004 1.50 : 1.00
Appears in 1 contract
Samples: Credit Agreement (Specrite Brake Co)
Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio for as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter ending on or near the respective dates set forth below to exceed the ratio set forth below opposite such fiscal quarterquarters: Fiscal Quarter Consolidated Senior Fiscal Quarter Ending On or About Leverage Ratio ------------------ -------------- -------------- December 31, 1999 3.75 : 1.00 March 31, 2000 3.50 : 1.00 June 30, 2000 3.50 : 1.00 September 30, 2000 3.25 : 1.00 December 31, 2000 3.25 : 1.00 March 31, 2001 3.00 : 1.00 June 30, 2001 3.00 : 1.00 September 30, 2001 2.75 : 1.00 December 31, 2001 2.75 : 1.00 March 31, 2002 2.50 : 1.00 June 30, 2002 2.50 : 1.00 September 30, 2002 2.25 : 3.00 to 1.00 December 31, 2002 2.25 : 3.00 to 1.00 March 31, 2003 2.00 : 2.75 to 1.00 June 30, 2003 2.00 : 2.75 to 1.00 September 30, 2003 1.75 : 2.75 to 1.00 December 31, 2003 1.75 : 2.50 to 1.00 March 31, 2004 1.50 : 2.50 to 1.00 June 30, 2004 1.50 : 2.25 to 1.00 September 30, 2004 1.50 : 1.002.25 to 1.00 December 31, 2004 2.25 to 1.00 March 31, 2005 2.25 to 1.00 June 30, 2005 2.25 to 1.00 September 30, 2005 2.00 to 1.00 December 31, 2005 2.00 to 1.00 March 31, 2006 2.00 to 1.00 June 30, 2006 2.00 to 1.00 September 30, 2006 2.00 to 1.00 December 31, 2006 and 2.00 to 1.00 thereafter
Appears in 1 contract
Samples: Credit Agreement (Jondex Corp)
Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio for as at the last day of any period of four consecutive fiscal quarters of the Borrower Holdings ending with any fiscal quarter ending on or near the respective dates set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Senior Fiscal Quarter Leverage Ratio -------------- -------------- December 31, 1999 3.75 : 1.00 March 31, 2000 3.50 : 1.00 June 30, 2000 3.50 : 1.00 September 30, 2000 3.25 : 1.00 December 31, 2000 3.25 : 1.00 March 31, 2001 3.00 : 1.00 June 30, 2001 3.00 : 1.00 September 30, 2001 2.75 : 1.00 December 31, 2001 2.75 : 1.00 March 31, 2002 2.50 : 1.00 June 30, 2002 2.50 : 1.00 September 30, 2002 2.25 : 1.00 December 31, 2002 2.25 : 1.00 March 31, 2003 2.00 : 1.00 June 30, 2003 2.00 : 1.00 September 30, 2003 1.75 : 1.00 December 31, 2003 1.75 : 1.00 March 31, 2004 1.50 : 1.00 June 30, 2004 1.50 : 3.25 to 1.00 September 30, 2004 1.50 : 3.25 to 1.00 December 31, 2004 3.25 to 1.00 March 31, 2005 3.25 to 1.00 June 30, 2005 3.25 to 1.00 September 30, 2005 3.25 to 1.00 December 31, 2005 3.25 to 1.00 March 31, 2006 3.00 to 1.00 June 30, 2006 3.00 to 1.00 September 30, 2006 3.00 to 1.00 December 31, 2006 3.00 to 1.00 March 31, 2007 and thereafter 2.75 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Wta Inc)
Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio for as at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters subsequent to the Closing Date) ending with any fiscal quarter ending on or near the respective dates set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Senior Fiscal Quarter Leverage Ratio -------------- -------------- March 31, 1998 3.00 to 1.00 June 30, 1998 3.00 to 1.00 September 30, 1998 3.00 to 1.00 December 31, 1998 2.75 to 1.00 March 31, 1999 2.75 to 1.00 June 30, 1999 2.75 to 1.00 September 30, 1999 2.75 to 1.00 December 31, 1999 3.75 : 2.50 to 1.00 March 31, 2000 3.50 : 2.50 to 1.00 June 30, 2000 3.50 : 2.50 to 1.00 September 30, 2000 3.25 : 2.50 to 1.00 December 31, 2000 3.25 : 2.25 to 1.00 March 31, 2001 3.00 : 2.25 to 1.00 June 30, 2001 3.00 : 2.25 to 1.00 September 30, 2001 2.75 : 2.25 to 1.00 December 31, 2001 2.75 : 2.00 to 1.00 March 31, 2002 2.50 : 1.00 June 30, 2002 2.50 : 1.00 September 30, 2002 2.25 : 1.00 December 31, 2002 2.25 : 1.00 March 31, 2003 Thereafter 2.00 : 1.00 June 30, 2003 2.00 : 1.00 September 30, 2003 1.75 : 1.00 December 31, 2003 1.75 : 1.00 March 31, 2004 1.50 : 1.00 June 30, 2004 1.50 : 1.00 September 30, 2004 1.50 : to 1.00
Appears in 1 contract
Consolidated Senior Leverage Ratio. Permit Loan Parties and their Subsidiaries shall maintain, on a consolidated basis, as at the end of each Fiscal Quarter set forth below, a Consolidated ---------------------------------- Senior Leverage Ratio not greater than the ratio specified for any period the end of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter ending on or near the respective dates such Fiscal Quarter as set forth below below: March 31, 2019 8.15 to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Senior Fiscal Quarter Leverage Ratio -------------- -------------- 1.00 June 30, 2019 8.15 to 1.00 September 30, 2019 6.90 to 1.00 December 31, 1999 3.75 : 2019 6.05 to 1.00 March 31, 2000 3.50 : 2020 4.50 to 1.00 June 30, 2000 3.50 : 2020 4.00 to 1.00 September 30, 2000 3.25 : 2020 3.50 to 1.00 December 31, 2000 3.25 : 2020 3.00 to 1.00 March 31, 2001 3.00 : 2021 2.50 to 1.00 June 30, 2001 3.00 : 2021 2.00 to 1.00 September 30, 2001 2.75 : 2021 2.00 to 1.00 December 31, 2001 2.75 : 2021 2.00 to 1.00 March 31, 2002 2.50 : 2022 2.00 to 1.00 June 30, 2002 2.50 : 2022 2.00 to 1.00 September 30, 2002 2.25 : 2022 2.00 to 1.00 December 31, 2002 2.25 : 2022 2.00 to 1.00 March 31, 2003 2023 2.00 : to 1.00 June 30, 2003 2023 2.00 : to 1.00 September 30, 2003 1.75 : 1.00 December 31, 2003 1.75 : 1.00 March 31, 2004 1.50 : 1.00 June 30, 2004 1.50 : 1.00 September 30, 2004 1.50 : 2023 and each Fiscal Quarter end thereafter (if any) 2.00 to 1.00
Appears in 1 contract
Samples: Loan and Security Agreement (Live Oak Acquisition Corp)
Consolidated Senior Leverage Ratio. Permit Loan Parties and their Subsidiaries shall maintain, on a consolidated basis, as at the end of each Fiscal Quarter set forth below, a Consolidated ---------------------------------- Senior Leverage Ratio not greater than the ratio specified for any period the end of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter ending on or near the respective dates such Fiscal Quarter as set forth below to exceed the ratio set forth below opposite such fiscal quarterbelow: Fiscal Quarter End Maximum Consolidated Senior Fiscal Quarter Leverage Ratio -------------- -------------- March 31, 2019 8.15 to 1.00 June 30, 2019 8.15 to 1.00 September 30, 2019 6.90 to 1.00 December 31, 1999 3.75 : 2019 6.05 to 1.00 March 31, 2000 3.50 : 2020 4.50 to 1.00 June 30, 2000 3.50 : 2020 4.50 to 1.00 September 30, 2000 3.25 : 2020 6.15 to 1.00 December 31, 2000 3.25 : 2020 4.00 to 1.00 March 31, 2001 3.00 : 2021 3.75 to 1.00 June 30, 2001 3.00 : 2021 3.50 to 1.00 September 30, 2001 2.75 : 2021 3.25 to 1.00 December 31, 2001 2.75 : 2021 3.00 to 1.00 March 31, 2002 2.50 : 2022 2.00 to 1.00 June 30, 2002 2.50 : 2022 2.00 to 1.00 September 30, 2002 2.25 : 2022 2.00 to 1.00 December 31, 2002 2.25 : 2022 2.00 to 1.00 March 31, 2003 2023 2.00 : to 1.00 June 30, 2003 2023 2.00 : to 1.00 September 30, 2003 1.75 : 1.00 December 31, 2003 1.75 : 1.00 March 31, 2004 1.50 : 1.00 June 30, 2004 1.50 : 1.00 September 30, 2004 1.50 : 2023 and each Fiscal Quarter end thereafter (if any) 2.00 to 1.00
(e) Amendment of Section 6.13
Appears in 1 contract
Samples: Loan and Security Agreement (Live Oak Acquisition Corp)
Consolidated Senior Leverage Ratio. Permit the Consolidated ---------------------------------- Senior Leverage Ratio for as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter ending on or near the respective dates set forth below to exceed the ratio set forth below opposite such fiscal quarter: Consolidated Senior Fiscal Quarter Leverage Ratio -------------- -------------- December 31, 1999 3.75 : 3.35 to 1.00 March 31, 2000 3.50 : 3.35 to 1.00 June 30, 2000 3.50 : 3.35 to 1.00 September 30, 2000 3.25 : 2.75 to 1.00 December 31, 2000 3.25 : 3.20 to 1.00 March 31, 2001 3.00 : to 1.00 June 30, 2001 3.00 : 2.80 to 1.00 September 30, 2001 2.75 : 2.40 to 1.00 December 31, 2001 2.75 : 2.40 to 1.00 March 31, 2002 2.50 : 1.00 June 30, 2002 2.50 : 1.00 September 30, 2002 2.25 : 1.00 December 31, 2002 2.25 : 1.00 March 31, 2003 2.00 : 1.00 June 30, 2003 2.00 : 1.00 September 30, 2003 1.75 : 1.00 December 31, 2003 1.75 : 1.00 March 31, 2004 1.50 : 1.00 June 30, 2004 1.50 : 1.00 September 30, 2004 1.50 : Thereafter 2.30 to 1.00
Appears in 1 contract