Common use of Effective Leverage Ratio Clause in Contracts

Effective Leverage Ratio. As the last day of each Fiscal Quarter for the Measurement Period set forth in the table below, Borrower and the Subsidiary Guarantors must have an Effective Leverage Ratio of not more than the maximum ratio set forth in the table below opposite such Measurement Period: Fiscal Quarter 4, 2013 through the last day of Fiscal Quarter 4, 2014 5.75 to 1.00 Fiscal Quarter 1, 2015 and the last day of each Fiscal Quarter thereafter 5.50 to 1.00”

Appears in 3 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

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Effective Leverage Ratio. As the last day of each Fiscal Quarter for the Measurement Period set forth in the table below, Borrower and the Subsidiary Guarantors must have an Effective Leverage Ratio of not more than the maximum ratio set forth in the table below opposite such Measurement Period: Fiscal Quarter 4, 2013 through the last day of Fiscal Quarter 4, 2014 5.75 to 1.00 Fiscal Quarter 1, 2015 2012 and the last day of each Fiscal Quarter thereafter 5.50 to 1.00”

Appears in 2 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

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Effective Leverage Ratio. As the last day of each Fiscal Quarter for the Measurement Period set forth in the table below, Borrower and the Subsidiary Guarantors must have an Effective Leverage Ratio of not more than the maximum ratio set forth in the table below opposite such Measurement Period: Fiscal Quarter 1, 2014 through the last day of Fiscal Quarter 2, 2014 5.85 to 1.00 Fiscal Quarter 3, 2014 5.80 to 1.00 Fiscal Quarter 4, 2013 2014 through the last day of Fiscal Quarter 4, 2014 2015 5.75 to 1.00 Fiscal Quarter 1, 2015 2016 and the last day of each Fiscal Quarter thereafter 5.50 to 1.00”

Appears in 2 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

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