Common use of Consolidated Total Net Leverage Ratio Clause in Contracts

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any Test Period ending on or prior to March 31, 2021 to be greater than 4.00:1.00, or (b) as of the last day of any Test Period ending thereafter to be greater than 3.50:1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any the Test Period ending on or prior to March 31, 2021 to be greater than 4.00:1.00, or (b) 2023 and as of the last day of any Test Period ending thereafter to be greater than 3.50:1.003.00 to 1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any the Test Period ending on or prior to March 31, 2021 to be greater than 4.00:1.00, or (b) and as of the last day of any Test Period ending thereafter to be greater than 3.50:1.003.00 to 1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any Test Period ending on or prior to March 31Reference Period, 2021 to be greater than 4.00:1.00than: (i) 3.50 to 1.00, or commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (bii) as of the last day of any Test Period 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending thereafter prior to be greater than 3.50:1.00September 30, 2020; and (iii) 3.00 to 1.00, commencing with September 30, 2020 and tested for all quarters thereafter.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any Test Period Reference Period, to be greater than: (i) 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending on or prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter through December 31, 2020; and (iii) 3.00 to 1.00, commencing with March 31, 2021 to be greater than 4.00:1.00, or (b) as of the last day of any Test Period ending thereafter to be greater than 3.50:1.00and tested for all quarters thereafter.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any the Test Period ending on or prior to March 31September 30, 2021 to be greater than 4.00:1.00, or (b) 2024 and as of the last day of any each Test Period ending thereafter to be greater than 3.50:1.003.00 to 1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not permit Permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any Test Period (commencing with the Test Period ending on or prior to March 31July 1, 2021 2022) to be greater than 4.00:1.004.50:1.00 (or, or (b) as of the last day of for any Test Period ending thereafter after the consummation of any Material Acquisition and prior to be greater than 3.50:1.00the end of the fourth fiscal quarter end following such Material Acquisition, 5.00 to 1.00).

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any the Test Period ending on or prior to March 31, 2021 to be greater than 4.00:1.00, or (b) 2020 and as of the last day of any Test Period ending thereafter to be greater than 3.50:1.003.50 to 1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any the Test Period ending on or prior to March December 31, 2021 to be greater than 4.00:1.00, or (b) 2018 and as of the last day of any Test Period ending thereafter to be greater than 3.50:1.004.00 to 1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not Subject to Section 8.04, permit the Consolidated Total Net Leverage Ratio (a) as of the last day of any Test Period (pursuant to the terms of the Fourth Amendment, commencing with the Test Period ending on or prior to March 31September 30, 2021 20212023) to be greater than 4.00:1.00, or (b) as of the last day of any Test Period ending thereafter to be greater than 3.50:1.006.50:1.00.