Common use of Consolidated Total Lease Adjusted Leverage Ratio Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (NOODLES & Co)

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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 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 Second Fiscal Quarter of Fiscal Year 2022 2018 (September 27July 3, 20222018) 5.00 to 1.00 the last day of the Third Fiscal Quarter of Fiscal Year 2018 (October 2, 2018) 5.00 to 1.00 the last day of the Fourth Fiscal Quarter of Fiscal Year 2018 (January 1, 2019) 4.75 to 1.00 the last day of the First Fiscal Quarter of Fiscal Year 2019 (April 2, 2019) 4.75 to 1.00 the last day of the Second Fiscal Quarter of Fiscal Year 2019 (July 2, 2019) 4.75 to 1.00 the last day of the Third Fiscal Quarter of Fiscal Year 2019 (October 1, 2019) 4.50 to 1.00 the last day of the fourth Fourth Fiscal Quarter of Fiscal Year 2022 2019 (January 3December 31, 20232019) 4.50 to 1.00 the last day of the first 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 2020 (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, 20262020) 4.25 to 1.00 the last day of the fourth Second Fiscal Quarter of Fiscal Year 2026 2020 (June 30, 2020) 4.25 to 1.00 the last day of the Third Fiscal Quarter of Fiscal Year 2020 (September 29, 2020) 4.25 to 1.00 the last day of the Fourth Fiscal Quarter of Fiscal Year 2020 (December 29, 20262020) and the last day of each Fiscal Quarter ending thereafter thereafter. 4.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (NOODLES & Co)

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 Fourth Fiscal Quarter of Fiscal Year 2022 2019 (September 27December 31, 20222019) 4.50 to 1.00 the last day of the fourth First Fiscal Quarter of Fiscal Year 2022 2020 (January 3March 31, 20232020) 4.50 to 1.00 the last day of the first Second Fiscal Quarter of Fiscal Year 2023 2020 (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 June 30, 20252020) 4.50 to 1.00 the last day of the first Third Fiscal Quarter of Fiscal Year 2026 2020 (March 31September 29, 20262020) and the last day of each Fiscal Quarter thereafter until and including 4.50 to 1.00 the last day of the third Fourth Fiscal Quarter of Fiscal Year 2026 2020 (September December 29, 20262020) 4.25 to 1.00 the last day of the fourth First Fiscal Quarter of Fiscal Year 2026 2021 (December March 30, 2021) 4.25 to 1.00 the last day of the Second Fiscal Quarter of Fiscal Year 2021 (June 29, 20262021) and the last day of each Fiscal Quarter ending thereafter thereafter. 4.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (NOODLES & Co)

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 Second Fiscal Quarter of Fiscal Year (June 29, 2021) 6.00 to 1.00 the last day of the Third Quarter of Fiscal Year 2021 (September 28, 2021) 5.50 to 1.00 the last day of the Fourth Quarter of Fiscal Year 2021 (December 28, 2021) 5.25 to 1.00 the last day of the First Quarter of Fiscal Year 2022 (March 29, 2022) 5.00 to 1.00 the last day of the Second Quarter of Fiscal Year 2022 (June 28, 2022) 4.50 to 1.00 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 thereafter. 4.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (NOODLES & Co)

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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 2024 (September 27October 1, 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, 20232024) and the last day of each Fiscal Quarter thereafter until and including the last day of the third Fiscal Quarter of Fiscal Year 2023 2025 (October 3September 30, 20232025) 4.00 5.50 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 5.25 to 1.00 the last day of the first Fiscal Quarter of Fiscal Year 2026 (March 31, 2026) and the last day of each the second Fiscal Quarter thereafter until and including of Fiscal Year 2026 (June 30, 2026) 5.00 to 1.00 the last day of the third Fiscal Quarter of Fiscal Year 2026 (September 29, 2026) 4.25 to 1.00 and the last day of the fourth Fiscal Quarter of Fiscal Year 2026 (December 29, 2026) 4.75 to 1.00 the last day of the first Fiscal Quarter of Fiscal Year 2027 (March 30, 2027) and the last day of each Fiscal Quarter ending thereafter 4.00 4.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (NOODLES & Co)

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