Common use of Consolidated Total Debt to Consolidated EBITDA Ratio Clause in Contracts

Consolidated Total Debt to Consolidated EBITDA Ratio. (i) Beginning with the Initial Financial Statement Delivery Date, the Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio as of the last day of any Test Period to be greater than 5.0 to 1.0. The provisions of this Section 10.9 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.9 or the defined terms used solely for purposes of this Section 10.9 or waive any Default resulting from a breach of this Section 10.9 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).

Appears in 3 contracts

Samples: Amendment to Credit Agreement (LPL Financial Holdings Inc.), Fifth Amendment (LPL Financial Holdings Inc.), Fourth Amendment Agreement (LPL Financial Holdings Inc.)

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Consolidated Total Debt to Consolidated EBITDA Ratio. (i) Beginning with the Initial Financial Statement Delivery Date, the The Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio as of the last day of any Test Period, commencing with the Test Period ending on September 30, 2023, to be greater than 5.0 4.0 to 1.0. The provisions of this Section 10.9 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.9 or the defined terms used solely for purposes of this Section 10.9 or waive any Default resulting from a breach of this Section 10.9 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).

Appears in 1 contract

Samples: Eighth Amendment (LPL Financial Holdings Inc.)

Consolidated Total Debt to Consolidated EBITDA Ratio. (i) Beginning with the Initial Financial Statement Delivery Date, the The Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio as of the last day of any Test Period, commencing with the Test Period ending on September 30, 2023December 31, 2024, to be greater than 5.0 4.0 to 1.0. The provisions of this Section 10.9 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.9 or the defined terms used solely for purposes of this Section 10.9 or waive any Default resulting from a breach of this Section 10.9 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).

Appears in 1 contract

Samples: Ninth Amendment (LPL Financial Holdings Inc.)

Consolidated Total Debt to Consolidated EBITDA Ratio. (i) Beginning with the Initial Financial Statement Delivery Date, the Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio as of the last day of any Test Period to be greater than 5.0 to 1.0. The provisions of this Section 10.9 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.9 or the defined terms used solely for purposes of this Section 10.9 or waive any Default resulting from a breach of this Section 10.9 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).. LPL – Conformed A&R Credit Agreement

Appears in 1 contract

Samples: Second Amendment (LPL Financial Holdings Inc.)

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Consolidated Total Debt to Consolidated EBITDA Ratio. (i) Beginning with the Initial Financial Statement Delivery Date, the Borrower will not permit the Consolidated Total Debt to Consolidated EBITDA Ratio as of the last day of any Test Period to be greater than 5.0 to 1.0. The provisions of this Section 10.9 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.9 or the defined terms used solely for purposes of this Section 10.9 or waive any Default resulting from a breach of this Section 10.9 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).. 184 LPL – Conformed A&R Credit Agreement

Appears in 1 contract

Samples: Fourth Amendment (LPL Financial Holdings Inc.)

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