Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio at any time to be greater than 5.75 to 1.00.
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio, as of the last day of any Measurement Period set forth in the table below to be greater than the ratio set forth below opposite such Measurement Period in the table below: Measurement Period End Date Maximum Consolidated Total Lease Adjusted Leverage Ratio Fourth Fiscal Quarter of 2012 through Third Fiscal Quarter of 2014 5.75:1.00 First Fiscal Quarter of 2013 5.75:1.00 Second Fiscal Quarter of 2013 5.75:1.00 Third Fiscal Quarter of 2013 5.75:1.00 Fourth Fiscal Quarter of 2013 5.75:1.00 First Fiscal Quarter of 2014 5.70:1.00 Second Fiscal Quarter of 2014 5.65:1.00 Third Fiscal Quarter of 2014 5.55:1.00 Fourth Fiscal Quarter of 2014 5.505.70:1.00 First Fiscal Quarter of 2015 5.405.65:1.00 Second Fiscal Quarter of 2015 5.255.55:1.00 Third Fiscal Quarter of 2015 5.155.50:1.00 Fourth Fiscal Quarter of 2015 5.005.40:1.00 First Fiscal Quarter of 2016 4.955.25:1.00 Second Fiscal Quarter of 2016 4.855.15:1.00 Third Fiscal Quarter of 2016 4.755.00:1.00 Fourth Fiscal Quarter of 2016 4.604.95:1.00 First Fiscal Quarter of 2017 and for each Fiscal Quarter ending Thereafter 4.504.85:1.00 Second Fiscal Quarter of 2017 4.75:1.00 Third Fiscal Quarter of 2017 4.60:1.00
Consolidated Total Lease Adjusted Leverage Ratio. A. Consolidated Funded Indebtedness as of the last day of the Measurement Period ending on the Statement Date: $
Consolidated Total Lease Adjusted Leverage Ratio. A. Consolidated Total Outstanding Indebtedness at Statement Date:
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period to be greater than or equal to [5.25]5.50:1.00; provided, however, that (i) commencing with the end of the second Fiscal Quarter of Fiscal Year 2017, the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period shall not be permitted to be greater than or equal to [5.00:1.00 and]5.25:1.00, 117
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period to be greater than the applicable ratio set forth below opposite such Measurement Period: Measurement Period End Date Maximum Consolidated Total Lease Adjusted Leverage Ratio the last day of the third Fiscal Quarter of Fiscal Year 2022 (September 27, 2022) 4.50 to 1.00 the last day of the fourth Fiscal Quarter of Fiscal Year 2022 (January 3, 2023) 4.50 to 1.00 the last day of the first Fiscal Quarter of Fiscal Year 2023 (April 4, 2023) and the last day of each Fiscal Quarter thereafter until and including the last day of the third Fiscal Quarter of Fiscal Year 2023 (October 3, 2023) 4.00 to 1.00 the last day of the fourth Fiscal Quarter of Fiscal Year 2023 (January 2, 2024) and the last day of each Fiscal Quarter thereafter until and including the last day of the fourth Fiscal Quarter of Fiscal Year 2025 (December 30, 2025) 4.50 to 1.00 the last day of the first Fiscal Quarter of Fiscal Year 2026 (March 31, 2026) and the last day of each Fiscal Quarter thereafter until and including the last day of the third Fiscal Quarter of Fiscal Year 2026 (September 29, 2026) 4.25 to 1.00 the last day of the fourth Fiscal Quarter of Fiscal Year 2026 (December 29, 2026) and the last day of each Fiscal Quarter ending thereafter 4.00 to 1.00
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any four Fiscal Quarters of the Borrower ending during the periods set forth below to be greater than the ratio set forth below opposite the applicable period: Period Maximum Consolidated Total Lease Adjusted Leverage Ratio Closing Date through the ending date of the Third Fiscal Quarter of 2012 5.50:1.00 The first day of the Fourth Fiscal Quarter of 2012 through the ending date of the Third Fiscal Quarter of 2014 5.25:1.00 The first day of the Fourth Fiscal Quarter of 2014 through the ending date of each Fiscal Quarter thereafter 5.00:1.00 ; provided that at all times after the creation of a Public Market, the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any four Fiscal Quarters of the Borrower shall be less than or equal to 5.00:1.00.
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period to be greater than or equal to 5.50:1.00; providedthe applicable ratio set forth below opposite such Measurement Period: Measurement Period End Date Maximum Consolidated Total Lease Adjusted Leverage Ratio Fourth Fiscal Quarter of Fiscal Year 2016 5.50:1.00 First Fiscal Quarter of Fiscal Year 2017 5.65:1.00 Second Fiscal Quarter of Fiscal Year 2017 through the third Fiscal Quarter of Fiscal Year 2017 5.25:1.00 Fourth Fiscal Quarter of Fiscal Year 2017 through the first Fiscal Quarter of Fiscal Year 2018 5.00:1.00 Second Fiscal Quarter of Fiscal Year 2018 and each Fiscal Quarter ending thereafter 4.75:1.00 Provided, however, that (i) commencing with the end of the second Fiscal Quarter of Fiscal Year 2017,Fiscal Quarter during which a Public Equity Offering Transaction (if any) has occurred, no Loan Party shall permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period shall not be permitted to be greater than or equal to 5.25:1.00, (ii) commencing with the end of the fourth Fiscal Quarter of Fiscal Year 2017 the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period shall not be permitted to be greater than or equal to 5.00:1.00, and (iii) commencing with the end of the second Fiscal Quarter - 118 - of Fiscal Year 2018 and for each Fiscal Quarter thereafter, the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period shall not be permitted, as of the end of any Measurement Period ending during the Fiscal Quarter during which such transaction shall have occurred and as of the end of each Measurement Period ending thereafter to be greater than or equal to 4.75:1.00.the applicable ratio set forth below opposite such Measurement Period: Measurement Period End Date Maximum Consolidated Total Lease Adjusted Leverage Ratio Fourth Fiscal Quarter of Fiscal Year 2016 5.50:1.00 First Fiscal Quarter of Fiscal Year 2017 5.65:1.00 Second Fiscal Quarter of Fiscal Year 2017 through the third Fiscal Quarter of Fiscal Year 2017 5.25:1.00 Fourth Fiscal Quarter of Fiscal Year 2017 through the first Fiscal Quarter of Fiscal Year 2018 5.00:1.00 Second Fiscal Quarter of Fiscal Year 2018 4.75:1.00 Third Fiscal Quarter of Fiscal Year 2018 and each Fiscal Quarter ending thereafter 4.50:1.00
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the last day of any Measurement Period set forth below to be greater than the ratio set forth below opposite such Measurement Period: Measurement Period Maximum Consolidated Total Lease Adjusted Leverage Ratio Fourth Amendment Effective Date through the last day of the first fiscal quarter for the 2021 fiscal year 5.00:1.00
Consolidated Total Lease Adjusted Leverage Ratio. Permit the Consolidated Total Lease Adjusted Leverage Ratio as of the end of any Measurement Period to be greater than the applicable ratio set forth below opposite such Measurement Period: Measurement Period End Date Maximum Consolidated Total Lease Adjusted Leverage Ratio the last day of the Third Fiscal Quarter of Fiscal Year 2022 (September 27, 2022) 4.50 to 1.00 the last day of the Fourth Fiscal Quarter of Fiscal Year 2022 (January 3, 2023) 4.50 to 1.00 the last day of the First Fiscal Quarter of Fiscal Year 2023 (April 4, 2023) and the last day of each Fiscal Quarter ending thereafter. 4.00 to 1.00 Notwithstanding the foregoing, on or prior to the Fiscal Quarter ending March 31, 2023, the Borrower may elect at its option (which election shall be made at least thirty days prior to the delivery of financial statements for the applicable Fiscal Quarter), by written notice to the Administrative Agent, to reduce the maximum Consolidated Total Lease Adjusted Leverage Ratio to 4.00 to 1.00 (an “Accelerated Step-Down Election”). The Administrative Agent and Borrower, without the consent of any other Lenders, may give effect to an amendment to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to give effect to an Accelerated Step-Down Election.
