Common use of Consolidated Total Leverage Ratio Clause in Contracts

Consolidated Total Leverage Ratio. The Consolidated Total Leverage Ratio, calculated as of the last day of each fiscal quarter, shall be less than or equal to the following: Period Ratio Closing Date through and including June 30, 2013 4.50 to 1.00 July 1, 2013 through and including June 30, 2014 4.25 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 and thereafter 3.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Atlas Merger Subsidiary, Inc.)

AutoNDA by SimpleDocs

Consolidated Total Leverage Ratio. The Borrower shall not permit the Consolidated Total Leverage Ratio, calculated Ratio as of the last day of each any fiscal quarter, shall be less than or equal beginning with the fiscal quarter ending March 31, 2010, to the following: Period Ratio Closing Date exceed (i) from March 31, 2010 through March 31, 2012, 2.0 to 1.0 and including (ii) from June 30, 2013 4.50 2012 and thereafter, 1.75 to 1.00 July 1, 2013 through and including June 30, 2014 4.25 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 and thereafter 3.50 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (HealthSpring, Inc.)

Consolidated Total Leverage Ratio. The Permit the Consolidated Total Leverage Ratio, calculated Ratio as of at the last day of each any fiscal quarter, quarter which day shall be less than or equal occur during the following periods to exceed the followingfollowing respective ratios: Consolidated Total Period Leverage Ratio Closing Date through and including June 30, 2013 4.50 1998 to March 31, 1999 7.00 to 1.00 April 1, 1999 to September 30, 1999 6.75 to 1.00 October 1, 1999 to September 30, 2000 6.50 to 1.00 October 1, 2000 to June 30, 2001 6.00 to 1.00 July 1, 2013 through and including 2001 to June 30, 2014 4.25 2002 5.50 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 2002 and thereafter 3.50 5.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Panavision Inc)

Consolidated Total Leverage Ratio. The Consolidated Total Leverage Ratio, calculated as of the last day of each fiscal quarter, shall be less than or equal to the following: Period Ratio Closing Date through and including June 30, 2013 4.50 5.00 to 1.00 July 1, 2013 through and including June 30, 2014 4.25 4.75 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 4.50 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 4.25 to 1.00 July 1, 2016 and thereafter 3.50 4.00 to 1.00

Appears in 1 contract

Samples: Note Purchase Agreement (Atlas Merger Subsidiary, Inc.)

Consolidated Total Leverage Ratio. The Permit the Consolidated Total Leverage Ratio, calculated Ratio as of at the last day of each any fiscal quarterquarter which day shall occur during the following periods to exceed the following respective ratios: Consolidated Total Period Leverage Ratio ------ -------------- April 1, shall be less than or equal 1999 to the following: Period Ratio Closing Date through and including June 30, 2013 4.50 2000 7.50 to 1.00 July 1, 2013 through and including 2000 to June 30, 2014 4.25 2001 7.25 to 1.00 July 1, 2014 through and including 2001 to December 31, 2001 6.75 to 1.00 January 1, 2002 to June 30, 2015 4.00 2002 5.50 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 2002 and thereafter 3.50 5.00 to 1.00

Appears in 1 contract

Samples: Second Amendment (Panavision Inc)

Consolidated Total Leverage Ratio. The Permit the Consolidated Total Leverage Ratio, calculated Ratio as of the last day of each fiscal quarter, shall be less than or equal to any Fiscal Quarter (commencing with the following: Period Ratio Closing Date through and including Fiscal Quarter ending June 30, 2013 4.50 2019) set forth below to 1.00 July 1, 2013 through and including exceed the ratio indicated: Fiscal Quarter Maximum Consolidated Total Leverage Ratio June 30, 2014 4.25 2019 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 2020 5.75:1.00 September 30, 2020 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 2021 5.50:1.00 September 30, 2021 to 1.00 July 1June 30, 2016 2022 5.00:1.00 September 30, 2022 to June 30, 2023 4.75:1.00 September 30, 2023 and thereafter 3.50 to 1.004.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Akumin Inc.)

Consolidated Total Leverage Ratio. The Consolidated Total Leverage Ratio, calculated as of the last day of each fiscal quarter, Ratio shall be less no greater than or equal (i) 3.50 to 1.0 for the following: Period Ratio Closing Date through and including fiscal quarters ending December 31, 2012, March 31, 2013, June 30, 2013 4.50 to 1.00 July 12013, 2013 through and including September 30, 2013, December 31, 2013, March 31, 2014, June 30, 2014 4.25 and September 30, 2014; (ii) 3.25 to 1.00 July 1for the fiscal quarters ending December 31, 2014 through and including 2014, March 31, 2015, June 30, 2015 4.00 to 1.00 July 12015, 2015 through and including September 30, 2015, December 31, 2015, March 31, 2016, June 30, 2016 3.75 and September 30, 2016; and (iii) 3.00 to 1.00 July 11.0 beginning with the fiscal quarter ending December 31, 2016 and thereafter 3.50 to 1.00at each Calculation Date thereafter.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

Consolidated Total Leverage Ratio. The Consolidated Total Leverage Ratio, calculated as of the last day of each fiscal quarter, Ratio shall be less no greater than or equal (i) 3.50 to 1.0 for the following: Period Ratio Closing Date through and including June 30fiscal quarters ending December 31, 2013 4.50 to 1.00 July 12014, 2013 through and including June 30March 31, 2014 4.25 to 1.00 July 12015, 2014 through and including June 30, 2015 4.00 and September 30, 2015; and (ii) 3.25 to 1.00 July 11.0 beginning with the fiscal quarter ending December 31, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 and thereafter 3.50 to 1.00at each Calculation Date thereafter.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

AutoNDA by SimpleDocs

Consolidated Total Leverage Ratio. The Commencing on June 30, 2017, the Consolidated Total Leverage RatioRatio for any period of four consecutive Fiscal Quarters shall not be greater than, calculated determined as of the last day of each fiscal quarterFiscal Quarter, shall be less than or equal to (a) during the following: Period Ratio Closing Date through and including period following June 30, 2013 4.50 2017 until December 31, 2017, 5.5 to 1.00 July 11.0, 2013 through (b) during the period following March 31, 2018 until December 31, 2018, 5.0 to 1.0, and including June 30(c) during the period following March 31, 2014 4.25 2019 until the Maturity Date, 4.5 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 and thereafter 3.50 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Warren Resources Inc)

Consolidated Total Leverage Ratio. The Permit the Consolidated Total Leverage Ratio, calculated Ratio as of at the last day of each any fiscal quarterquarter which day shall occur during the following periods to exceed the following respective ratios: Consolidated Total Period Leverage Ratio ------ ------------------ December 31, shall be less than or equal 2003 6.75 to the following: Period Ratio Closing Date through and including June 1.00 March 31, 2004 to September 30, 2013 4.50 2004 6.25 to 1.00 July 1December 31, 2013 through and including June 2004 to September 30, 2014 4.25 2005 6.00 to 1.00 July 1December 31, 2014 through 2005 and including June 30, 2015 4.00 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 and each quarter thereafter 3.50 5.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Panavision Inc)

Consolidated Total Leverage Ratio. The Consolidated Total Leverage RatioBorrower will not, calculated as of the last day of each any fiscal quarter, shall be less than or equal permit its Consolidated Total Leverage Ratio to exceed the followingratio specified for such period: Period Ratio Closing Date through and including June 30December 31, 2013 4.50 2009 to 1.00 July 1December 31, 2013 through and including June 30, 2014 4.25 to 1.00 July 1, 2014 through and including June 30, 2015 4.00 to 1.00 July 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 and thereafter 2010 3.50 to 1.001.0 March 31, 2011 to December 31, 2011 3.25 to 1.0 Each fiscal quarter thereafter 3.00 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Westway Group, Inc.)

Consolidated Total Leverage Ratio. The Permit the Consolidated Total Leverage Ratio, calculated Ratio as of at the last day of each any fiscal quarterquarter which day shall occur during the following periods to exceed the following respective ratios: Consolidated Total Period Leverage Ratio October 1, shall be less than or equal 2001 to the following: Period Ratio Closing Date through and including December 31, 2001 6.75 to 1.00 January 1, 2002 to June 30, 2013 4.50 2002 8.50 to 1.00 July 1, 2013 through and including June 2002 to September 30, 2014 4.25 2002 7.00 to 1.00 July October 1, 2014 through and including June 302002 to December 31, 2015 4.00 2002 6.00 to 1.00 July January 1, 2015 through and including June 30, 2016 3.75 to 1.00 July 1, 2016 2003 and thereafter 3.50 5.00 to 1.00

Appears in 1 contract

Samples: M & F Worldwide Corp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!