Common use of Consolidated Senior Secured Leverage Ratio Clause in Contracts

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio March 31, 2014 3.50:1.0 June 30, 2014 3.50:1.0 September 30, 2014 3.50:1.0 December 31, 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 thereafter 3.00:1.0

Appears in 1 contract

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

AutoNDA by SimpleDocs

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end last day of any fiscal quarter of the Borrower Test Period set forth below to be greater than exceed the ratio corresponding to set forth below opposite such fiscal quarterperiod: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio December 31, 2011 4.25: 1:00 March 31, 2014 3.50:1.0 2012 4.00: 1:00 June 30, 2014 3.50:1.0 2012 3.75: 1:00 September 30, 2014 3.50:1.0 2012 3.25: 1:00 December 31, 2014 3.50:1.0 2012 3.00: 1:00 March 31, 2015 3.25:1.0 2013 3.00: 1:00 June 30, 2015 3.25:1.0 2013 3.00: 1:00 September 30, 2015 3.25:1.0 2013 3.00: 1:00 December 31, 2015 3.25:1.0 March 31, 2016 2013 and thereafter 3.00:1.03.00: 1:00

Appears in 1 contract

Samples: Credit Agreement (Lin Tv Corp.)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio March 31, 2014 2013 3.50:1.0 June 30, 2014 2013 3.50:1.0 September 30, 2014 2013 3.50:1.0 December 31, 2014 3.50:1.0 2013 3.25:1.0 March 31, 2015 2014 3.25:1.0 June 30, 2015 2014 3.25:1.0 September 30, 2015 3.25:1.0 December 31, 2015 3.25:1.0 March 31, 2016 and thereafter 3.00:1.02014 3.25:1.0

Appears in 1 contract

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

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of at any fiscal quarter of the Borrower time during any period set forth below to be greater than the ratio corresponding to set forth below opposite such fiscal quarterperiod: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio March Closing Date through October 31, 2014 3.50:1.0 June 2009 2.30:1.00 November 1, 2009 through October 30, 2014 3.50:1.0 September 2010 2.50:1.00 October 31, 2010 through October 29, 2011 2.50:1.00 October 30, 2014 3.50:1.0 December 312011 through October 27, 2014 3.50:1.0 March 312012 2.25:1:00 October 28, 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 2012 and thereafter 3.00:1.02.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Brocade Communications Systems Inc)

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio March 31, 2014 3.50:1.0 June 30, 2014 3.50:1.0 September 30, 2014 2011 3.50:1.0 December 31, 2014 3.50:1.0 2011 3.00:1.0 March 31, 2015 3.25:1.0 2012 3.00:1.0 June 30, 2015 3.25:1.0 2012 3.00:1.0 September 30, 2015 3.25:1.0 December 31, 2015 3.25:1.0 March 31, 2016 and thereafter 2012 3.00:1.0

Appears in 1 contract

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

AutoNDA by SimpleDocs

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio corresponding to such fiscal quarter: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio March 31, 2014 3.50:1.0 June 30, 2014 3.50:1.0 September 30, 2014 2011 3.50:1.0 December 31, 2014 3.50:1.0 2011 3.00:1.0 March 31, 2015 3.25:1.0 2012 3.00:1.0 June 30, 2015 3.25:1.0 2012 3.00:1.0 September 30, 2015 3.25:1.0 December 31, 2015 3.25:1.0 March 31, 2016 and thereafter 2012 3.00:1.0

Appears in 1 contract

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

Consolidated Senior Secured Leverage Ratio. Permit the Consolidated Senior Secured Leverage Ratio determined as of at the end last day of any period of four consecutive fiscal quarter quarters of the Borrower to exceed the amounts set forth in the table below to be greater than the ratio corresponding to such fiscal quarterfor each date of determination: Fiscal Quarter Ending Maximum Consolidated Senior Secured Leverage Ratio HN\1529244.10 June 30, 2016 2.80:1.00 September 30, 2016 2.80:1.00 December 31, 2016 2.80:1.00 March 31, 2014 3.50:1.0 2017 2.80:1.00 June 30, 2014 3.50:1.0 2017 2.20:1.00 September 30, 2014 3.50:1.0 2017 1.75:1.00 December 31, 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 2017 and thereafter 3.00:1.01.50:1.00

Appears in 1 contract

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

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