Common use of Consolidated Senior Secured Leverage Ratio Clause in Contracts

Consolidated Senior Secured Leverage Ratio. As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than the corresponding ratio set forth below: Applicable Period Maximum Ratio Third Amendment Effective Date to March 31, 2008 4.50 to 1.00 April 1, 2008 through and including June 30, 2008 2.75 to 1.00 July 1, 2008 through and including September 30, 2008 1.50 to 1.00 October 1, 2008 and thereafter 1.25 to 1.00

Appears in 8 contracts

Samples: Third Amendment and Waiver (AbitibiBowater Inc.), Third Amendment and Waiver (Bowater Inc), Third Amendment and Waiver (Bowater Inc)

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Consolidated Senior Secured Leverage Ratio. As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than the corresponding ratio set forth below: Applicable Period Maximum Ratio Third Amendment Effective Date to March 31, 2008 4.50 to 1.00 April 1, 2008 through and including June 30, 2008 2.75 to 1.00 July 1, 2008 through and including September 30, 2008 1.50 to 1.00 October 1, 2008 through and including December 31, 2008 1.40 to 1.00 January 1, 2009 and thereafter 1.25 to 1.00

Appears in 6 contracts

Samples: Credit Agreement (Bowater Inc), Eleventh Amendment and Consent (Bowater Inc), Credit Agreement (AbitibiBowater Inc.)

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Consolidated Senior Secured Leverage Ratio. As of any fiscal quarter end, permit Permit the Consolidated Senior Secured Leverage Ratio at any time during any period of four fiscal quarters of the Borrower set forth below to be greater than the corresponding ratio set forth belowbelow opposite such period: Applicable Period Four Fiscal Quarters Ending Maximum Consolidated Senior Secured Leverage Ratio Third Amendment Effective Closing Date through December 30, 2006 4.25 to March 1.00 December 31, 2006 through December 30, 2007 3.90 to 1.00 December 31, 2007 through December 30, 2008 3.25 to 1.00 December 31, 2008 4.50 to 1.00 April 1, 2008 through and including June 30, 2008 2.75 to 1.00 July 1, 2008 through and including September 30, 2008 1.50 to 1.00 October 1, 2008 and each fiscal quarter thereafter 1.25 3.00 to 1.00

Appears in 3 contracts

Samples: Credit Agreement (Walter Industries Inc /New/), Credit Agreement (Mueller Group, Inc.), Credit Agreement (Mueller Water Products, Inc.)

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