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 as of the last day of any Reference Period, to be greater than: (i) 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 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 as of the last day of the Test Period ending on March 31, 2023 and as of the last day of any Reference Period, Test Period ending thereafter to be greater than: (i) 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 30, 2020; and (iii) than 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 Reference PeriodTest Period ending on or prior to March 31, 2021 to be greater than: than 4.00:1.00, or (ib) 3.50 as of the last day of any Test Period ending thereafter to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 30, 2020; and (iii) 3.00 to 1.00, commencing with September 30, 2020 and tested for all quarters thereafterbe greater than 3.50:1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not Subject to Section 8.04, permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference PeriodTest Period (pursuant to the terms of the Fourth Amendment, commencing with the Test Period ending on September 30, 20212023) to be greater than: (i) 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 30, 2020; and (iii) 3.00 to 1.00, commencing with September 30, 2020 and tested for all quarters thereafterthan 6.50:1.00.

Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference Periodthe Test Period ending on September 30, 2024 and as of the last day of each Test Period ending thereafter to be greater than: (i) 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 30, 2020; and (iii) than 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 as of the last day of the Test Period ending on March 31, 2020 and as of the last day of any Reference Period, Test Period ending thereafter to be greater than: (i) than 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 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 Permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference PeriodTest Period (commencing with the Test Period ending July 1, 2022) to be greater than: than 4.50:1.00 (i) 3.50 or, for any Test Period ending after the consummation of any Material Acquisition and prior to the end of the fourth fiscal quarter end following such Material Acquisition, 5.00 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 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 as of the last day of the Test Period ending on December 31, 2018 and as of the last day of any Reference Period, Test Period ending thereafter to be greater than: (i) 3.50 than 4.00 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 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 as of the last day of any Reference Period, to be greater than: (i) 3.50 to 1.00, commencing with December 31, 2017 and tested for all quarters thereafter ending prior to December 31, 2019; (ii) 3.25 to 1.00, commencing with December 31, 2019 and tested for all quarters thereafter ending prior to September 30through December 31, 2020; and (iii) 3.00 to 1.00, commencing with September 30March 31, 2020 2021 and tested for all quarters thereafter.