Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio Sample Clauses

Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio. Commencing on the Closing Date and ending on the last day of the fiscal quarter ending on the Cash Flow Trigger Date, permit the Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio as at the last day of any fiscal quarter ending on the date set forth below to exceed the ratio set forth below opposite such period (provided, in addition, that at no time shall the Recurring Revenue for the quarter ended as of any date set forth below multiplied by four (4) be less than $180,000,000): Quarter Ending Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio December 31, 2022 1.00:1.00 March 31, 2023 1.00:1.00 June 30, 2023 1.00:1.00 September 30, 2023 1.00:1.00 December 31, 2023 0.90:1.00 March 31, 2024 0.90:1.00 June 30, 2024 0.90:1.00 September 30, 2024 0.90:1.00 December 31, 2024 0.80:1.00 March 31, 2025 0.80:1.00 June 30, 2025 0.80:1.00 September 30, 2025 0.80:1.00
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Related to Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Maximum Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio of the Borrower and its Consolidated Subsidiaries at any time during any consecutive four fiscal quarter period to be greater than (i) 3.75 to 1.00 during any such period ending on or before March 31, 2012, or (ii) 3.50 to 1.00 during any period thereafter.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

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