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 commencing with the fiscal quarter ending June 30, 2020 to be greater than 3.50 to 1.00.
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Samples: Credit Agreement (Clear Secure, Inc.), Credit Agreement (Clear Secure, Inc.)
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 Test Period commencing with the fiscal quarter ending June 30on or prior to March 31, 2020 2021 to be greater than 3.50 4.00:1.00, or (b) as of the last day of any Test Period ending thereafter to 1.00be greater than 3.50:1.00.
Appears in 2 contracts
Samples: Credit Agreement (Vine Energy Inc.), Second Lien Credit Agreement (Vine Energy Inc.)
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 Test Period commencing with the fiscal quarter ending June 30, 2020 thereafter to be greater than 3.50 3.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
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, 2021 and as of the last day of any Reference Test Period commencing with the fiscal quarter ending June 30, 2020 thereafter to be greater than 3.50 3.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
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 commencing with the fiscal quarter ending June 30, 2020 to be greater than 3.50 to 1.00.. SECTION 6.11
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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 Test Period commencing with the fiscal quarter ending June 30, 2020 thereafter to be greater than 3.50 4.00 to 1.00.
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Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as of the last day of any Reference the Test Period commencing with the fiscal quarter ending June 30on March 31, 2020 and as of the last day of any Test Period ending thereafter to be greater than 3.50 to 1.00.
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Consolidated Total Net Leverage Ratio. The Borrower will not permit the Consolidated Total Net Leverage Ratio as for any period of four consecutive fiscal quarters of the last day Borrower ending on any date during any Test Period, beginning at the end of any Reference Period commencing with the first full fiscal quarter ending June 30after the Closing Date, 2020 to be greater than 3.50 exceed 6.00 to 1.00.
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