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 Closing Date through September 30, 2016 4.75:1.00 December 31, 2016 through March 31, 2017 4.50:1.00 June 30, 2017 through September 30, 2017 4.25:1.00 December 31, 2017 through March 31, 2018 4.00:1.00 June 30, 2018 through March 31, 2019 3.75:1.00 June 30, 2019 and each Fiscal Quarter thereafter 3.50:1.00

Appears in 1 contract

Samples: 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 4.75:1.00 2013 5.50:1.00 October 1, 2013 through December 31, 2016 2013 5.25:1.00 January 1, 2014 through March 31, 2017 4.50:1.00 2014 5.00:1.00 April 1, 2014 through June 30, 2017 2014 4.75:1.00 July 1, 2014 through September 30, 2017 4.25:1.00 December 31, 2017 2014 4.50:1.00 January 1, 2015 through March December 31, 2018 2015 4.00:1.00 June 30January 1, 2018 through March 31, 2019 3.75:1.00 June 30, 2019 2016 and each Fiscal Quarter thereafter 3.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Tempur Pedic 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 4.75:1.00 5.50:1.00 December 31, 2016 through 5.25:1.00 March 31, 2017 4.50:1.00 5.25:1.00 June 30, 2017 through 5.00:1.00 September 30, 2017 4.25:1.00 5.00:1.00 December 31, 2017 through 4.75:1.00 March 31, 2018 4.00:1.00 4.75:1.00 June 30, 2018 through 4.50:1.00 September 30, 2018 4.50:1.00 December 31, 2018 4.50:1.00 March 31, 2019 3.75:1.00 4.50:1.00 June 30, 2019 and each Fiscal Quarter fiscal quarter thereafter 3.50:1.004.25:1.00

Appears in 1 contract

Samples: Second Lien Credit Agreement (CardConnect Corp.)

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 Closing Date through September 30, 2016 4.75:1.00 December 31, 2016 through March 31, 2017 4.50:1.00 June 30, 2017 through September 30, 2017 4.25:1.00 December 31, 2017 through March 31, 2018 4.00:1.00 June 30, 2018 through and including March 31, 2019 3.75:1.00 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 3.50:1.003.25:1.00

Appears in 1 contract

Samples: Credit Agreement (Caliburn International 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 4.75:1.00 2013 5.50:1.00 October 1, 2013 through December 31, 2016 2013 5.25:1.00 January 1, 2014 through March 31, 2017 4.50:1.00 June 2014 5.00:1.00 April 1, 2014 through JuneSeptember 30, 2017 20142015 4.75:1.00 JulyOctober 1, 20142015 through September 30, 2017 4.25:1.00 December 31, 2017 2014September 30, 2016 4.50:1.00 JanuaryOctober 1, 20152016 through March December 31, 2018 4.00:1.00 June 3020152017 4.004.25:1.00 January 1, 2018 through March 31, 2019 3.75:1.00 June 30, 2019 20162018 and each Fiscal Quarter thereafter 3.50:1.003.54.00:1.00

Appears in 1 contract

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

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