Common use of Consolidated Total Indebtedness to Recurring Revenue Leverage Ratio Clause in Contracts

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

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 0.80:1.000.80:1.00 (b) From and after the Cash Flow Trigger Date

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): 108 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 0.80:1.000.80:1.00 (b) From and after the Cash Flow Trigger Date

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 0.85:1.00 March 31, 2024 0.90:1.00 0.85:1.00 June 30, 2024 0.90:1.00 0.85:1.00 September 30, 2024 0.90:1.00 0.85:1.00 December 31, 2024 0.80:1.00 0.75:1.00 March 31, 2025 0.80:1.00 0.75:1.00 111 June 30, 2025 0.80:1.00 0.75:1.00 September 30, 2025 0.80:1.000.75:1.00 (b) From and after the Cash Flow Trigger Date