Common use of Consolidated Senior Secured Leverage Ratio Clause in Contracts

Consolidated Senior Secured Leverage Ratio. 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 ratio set forth below opposite such period: Four Fiscal Quarters Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December 30, 2006 3.00 to 1.00 December 31, 2006 and each fiscal quarter thereafter 2.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Walter Industries Inc /New/)

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Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at any time during any period of four fiscal quarters as of the Borrower last day of any Test Period set forth below to be greater than exceed the ratio set forth below opposite such period: Four Fiscal Quarters Period Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December 30, 2006 3.00 to 1.00 December 31, 2006 2011 4.25: 1:00 March 31, 2012 4.00: 1:00 June 30, 2012 3.75: 1:00 September 30, 2012 3.25: 1:00 December 31, 2012 3.00: 1:00 March 31, 2013 3.00: 1:00 June 30, 2013 3.00: 1:00 September 30, 2013 3.00: 1:00 December 31, 2013 and each fiscal quarter thereafter 2.00 to 1.003.00: 1:00

Appears in 1 contract

Samples: Credit Agreement (Lin Tv Corp.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at on the last day of any time during any period of four fiscal quarters of the Borrower set forth below quarter to be greater than the applicable ratio set forth below opposite such periodin the grid below: Four Fiscal Quarters Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date July 2, 2017 through December 30, 2006 3.00 to 2018 3.50 : 1.00 December March 31, 2006 2019 and each fiscal quarter thereafter 2.00 to 3.00 :1.00

Appears in 1 contract

Samples: Credit Agreement (Vista Outdoor Inc.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at any time during any period of four fiscal quarters of the Borrower set forth below Holdings to be (i) prior to the High Yield Issuance Date, greater than 4.0:1.0 and (ii) from and after the ratio set forth below opposite such period: Four Fiscal Quarters Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December 30High Yield Issuance Date, 2006 3.00 greater than (x) prior to 1.00 December 31January 10, 2006 2009, 3.00:1.00 and each fiscal quarter thereafter 2.00 to 1.00(y) from and after January 10, 2009, 2.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

Consolidated Senior Secured Leverage Ratio. 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 ratio set forth below opposite such period: Four Fiscal Quarters Ending During any Period Below Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December October 31, 2009 2.30:1.00 November 1, 2009 through October 30, 2006 3.00 to 1.00 December 2010 2.50:1.00 October 31, 2006 2010 through October 29, 2011 2.50:1.00 October 30, 2011 through October 27, 2012 2.25:1:00 October 28, 2012 and each fiscal quarter thereafter 2.00 to 1.002.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Brocade Communications Systems Inc)

Consolidated Senior Secured Leverage Ratio. Permit the The Consolidated Senior Secured Leverage Ratio at any time during any period of four fiscal quarters as of the Borrower set forth below to end of any fiscal quarter of the Parent shall be greater than the ratio set forth below opposite such periodfiscal quarter below: Four Fiscal Quarters Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December September 30, 2006 3.00 to 1.00 2009 4.50:1.0 December 31, 2006 2009 5.20:1.0 March 31, 2010 6.10:1.0 June 30, 2010 5.20:1.0 September 30, 2010 4.75:1.0 December 31, 2010 4.45:1.0 March 31, 2011 4.80:1.0 June 30, 2011 4.55:1.0 September 30, 2011 4.30:1.0 December 31, 2011 and each fiscal quarter thereafter 2.00 to 1.002.50:1.0

Appears in 1 contract

Samples: Georgia Gulf Corp /De/

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at on any time Business Day during any period of four fiscal quarters of the Borrower periods set forth below to be greater than the ratio set forth below opposite such period: Four Fiscal Quarters Twelve Months Ending on the Last Day of Each Month in the Periods Set Forth Below Maximum Consolidated Senior Secured Leverage Ratio Closing Date February 2003 through December 30, 2006 3.00 November 2003 2.00 to 1.00 December 31, 2003 through November 2004 1.50 to 1.00 December 2004 through November 2005 1.25 to 1.00 December 2005 through August 2006 and each fiscal quarter thereafter 2.00 1.00 to 1.00”

Appears in 1 contract

Samples: Credit Agreement (Levi Strauss & Co)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at any time during any period of four fiscal quarters as of the Borrower set forth below end of any fiscal quarter to be greater than the ratio set forth below opposite such period: Four fiscal quarter3.25:1.00. Fiscal Quarters Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December June 30, 2006 3.00 to 1.00 December 312015 3.25:1.00 September 30, 2006 2015 and each fiscal quarter thereafter 2.00 to 1.003.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Ascent Capital Group, Inc.)

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Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio as at any time during the last day of any period of four consecutive fiscal quarters of the Borrower to exceed the amounts set forth in the table below to be greater than the ratio set forth below opposite such periodfor each date of determination: Four Fiscal Quarters Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December HN\1529244.10 June 30, 2006 3.00 to 1.00 2016 2.80:1.00 September 30, 2016 2.80:1.00 December 31, 2006 2016 2.80:1.00 March 31, 2017 2.80:1.00 June 30, 2017 2.20:1.00 September 30, 2017 1.75:1.00 December 31, 2017 and each fiscal quarter thereafter 2.00 to 1.001.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Parker Drilling Co /De/)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at determined as of the end of any time during any period of four fiscal quarters quarter of the Borrower set forth below to be greater than the ratio set forth below opposite corresponding to such periodfiscal quarter: Four Fiscal Quarters Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December September 30, 2006 3.00 to 1.00 2011 3.50:1.0 December 31, 2006 and each fiscal quarter thereafter 2.00 to 1.002011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.0

Appears in 1 contract

Samples: Termination Agreement (Acadia Healthcare Company, Inc.)

Consolidated Senior Secured Leverage Ratio. Permit As of the end of each fiscal quarter, 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 ratio set forth below opposite such periodthan: Four Fiscal Quarters Ending Maximum Consolidated Senior Applicable Period Secured Leverage Ratio Closing Date through December 30, 2006 3.00 to 1.00 2007 3.25:1.0 December 31, 2006 2007 through September 29, 2008 3.0:1.0 September 30, 2008 and each fiscal quarter thereafter 2.00 to 1.002.75:1.0

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at determined as of the end of any time during any period of four fiscal quarters quarter of the Borrower set forth below to be greater than the ratio set forth below opposite corresponding to such periodfiscal quarter: Four Fiscal Quarters Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio Closing Date through December March 31, 2014 3.50:1.0 June 30, 2006 3.00 to 1.00 2014 3.50:1.0 September 30, 2014 3.50:1.0 December 31, 2006 2014 3.50:1.0 March 31, 2015 3.25:1.0 June 30, 2015 3.25:1.0 September 30, 2015 3.25:1.0 December 31, 2015 3.25:1.0 March 31, 2016 and each fiscal quarter thereafter 2.00 to 1.003.00:1.0

Appears in 1 contract

Samples: Credit Agreement (Acadia Healthcare Company, Inc.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio at determined as of the end of any time during any period of four fiscal quarters quarter of the Borrower set forth below to be greater than the ratio set forth below opposite corresponding to such periodfiscal quarter: Four Fiscal Quarters Ending Maximum Consolidated Senior Fiscal Quarter Ending Secured Leverage Ratio Closing Date through December September 30, 2006 3.00 to 1.00 2011 3.50:1.0 December 31, 2006 and each fiscal quarter thereafter 2.00 to 1.002011 3.00:1.0 March 31, 2012 3.00:1.0 June 30, 2012 3.00:1.0 September 30, 2012 3.00:1.0

Appears in 1 contract

Samples: Second Amendment (Acadia Healthcare Company, Inc.)

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