Common use of Consolidated Total Net Leverage Ratio Clause in Contracts

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period to be greater than the ratio set forth below opposite the last day of such Measurement Period: Measurement Period Ending Maximum Consolidated Total Net Leverage Ratio September 30, 2016 5.50:1.00 December 31, 2016 5.25:1.00 March 31, 2017 5.25:1.00 June 30, 2017 5.00:1.00 September 30, 2017 5.00:1.00 December 31, 2017 4.75:1.00 March 31, 2018 4.75:1.00 June 30, 2018 4.50:1.00 September 30, 2018 4.50:1.00 December 31, 2018 4.50:1.00 March 31, 2019 4.50:1.00 June 30, 2019 and each fiscal quarter thereafter 4.25:1.00

Appears in 1 contract

Samples: Second Lien Credit Agreement (CardConnect Corp.)

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Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end last day of any Measurement Period fiscal quarter of the Parent ending during any period set forth below to be greater than the ratio set forth below opposite the last day of for such Measurement Period: Measurement Period Ending fiscal quarter. Fiscal Quarter Maximum Consolidated Total Net Leverage Ratio Closing Date through September 30, 2016 2013 5.50:1.00 October 1, 2013 through December 31, 2016 2013 5.25:1.00 January 1, 2014 through March 31, 2017 5.25:1.00 June 2014 5.00:1.00 April 1, 2014 through JuneSeptember 30, 2017 5.00:1.00 September 3020142015 4.75:1.00 JulyOctober 1, 2017 5.00:1.00 20142015 through December 31, 2017 4.75:1.00 March 31, 2018 4.75:1.00 June 2014September 30, 2018 2016 4.50:1.00 September 30JanuaryOctober 1, 2018 4.50:1.00 20152016 through December 31, 2018 4.50:1.00 March 3120152017 4.004.25:1.00 January 1, 2019 4.50:1.00 June 30, 2019 20162018 and each fiscal quarter thereafter 4.25:1.003.54.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Tempur Sealy International, Inc.)

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period to be greater than the ratio set forth below opposite the last day of such Measurement Period: Measurement Period Ending Maximum Consolidated Total Net Leverage Ratio Closing Date through September 30, 2016 5.50:1.00 4.75:1.00 December 31, 2016 5.25:1.00 through March 31, 2017 5.25:1.00 4.50:1.00 June 30, 2017 5.00:1.00 through September 30, 2017 5.00:1.00 4.25:1.00 December 31, 2017 4.75:1.00 through March 31, 2018 4.75:1.00 4.00:1.00 June 30, 2018 4.50:1.00 September 30, 2018 4.50:1.00 December 31, 2018 4.50:1.00 through March 31, 2019 4.50:1.00 3.75:1.00 June 30, 2019 and each fiscal quarter Fiscal Quarter thereafter 4.25:1.003.50:1.00

Appears in 1 contract

Samples: Credit Agreement (CardConnect Corp.)

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end last day of any Measurement Period fiscal quarter of the Parent ending during any period set forth below to be greater than the ratio set forth below opposite the last day of for such Measurement Period: Measurement Period Ending fiscal quarter. Fiscal Quarter Maximum Consolidated Total Net Leverage Ratio Closing Date through September 30, 2016 2013 5.50:1.00 October 1, 2013 through December 31, 2016 2013 5.25:1.00 January 1, 2014 through March 31, 2017 5.25:1.00 2014 5.00:1.00 April 1, 2014 through June 30, 2017 5.00:1.00 September 302014 4.75:1.00 July 1, 2017 5.00:1.00 2014 through December 31, 2017 4.75:1.00 March 312014 4.50:1.00 January 1, 2018 4.75:1.00 June 30, 2018 4.50:1.00 September 30, 2018 4.50:1.00 2015 through December 31, 2018 4.50:1.00 March 312015 4.00:1.00 January 1, 2019 4.50:1.00 June 30, 2019 2016 and each fiscal quarter thereafter 4.25:1.003.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Tempur Pedic International Inc)

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Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end last day of any Measurement Period each fiscal quarter of Holdings ending during the periods specified below to be greater than the ratio set forth below opposite the last day of such Measurement Periodthan: Measurement Period Ending Maximum From and Including To and Including Consolidated Total Net Leverage Ratio Shall Not Be Greater Than: The fiscal quarter ending September 30, 2016 5.50:1.00 December 31, 2016 5.25:1.00 March 31, 2017 5.25:1.00 2024 The fiscal quarter ending June 30, 2017 5.00:1.00 2027 4.75:1.00 The fiscal quarter ending September 30, 2017 5.00:1.00 December 31, 2017 4.75:1.00 March 31, 2018 4.75:1.00 2027 The fiscal quarter ending June 30, 2018 2028 4.50:1.00 The fiscal quarter ending September 30, 2018 4.50:1.00 December 31, 2018 4.50:1.00 March 31, 2019 4.50:1.00 2028 The fiscal quarter ending June 30, 2019 and each fiscal quarter thereafter 2029 4.25:1.00

Appears in 1 contract

Samples: Credit Agreement (ATN International, Inc.)

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period fiscal quarter of Holdings set forth below to be greater than the ratio set forth below opposite the last day of corresponding to such Measurement Periodfiscal quarter: Measurement Testing Period Ending Maximum Consolidated Total Net Leverage Ratio September 30, 2016 5.50:1.00 December 31, 2016 5.25:1.00 March 31, 2017 5.25:1.00 June 30, 2017 5.00:1.00 September 30, 2017 5.00:1.00 December 31, 2017 4.75:1.00 March 31, 2018 4.75:1.00 June 30, 2018 4.50:1.00 September 30, 2018 4.50:1.00 December 31, 2018 4.50:1.00 through and including March 31, 2019 4.50:1.00 4:25:1.00 From June 30, 2019 through and each fiscal quarter including March 31, 2020 4:00:1.00 From June 30, 2020 through and including March 31, 2021 3:75:1.00 From June 30, 2021 through and including March 31, 2022 3:50:1.00 From June 30, 2022 and thereafter 4.25:1.003.25:1.00

Appears in 1 contract

Samples: Credit Agreement (Caliburn International Corp)

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