Financial Maintenance Covenant. Solely for the benefit of the RC Facility, commencing with the Test Period ending as of the second full fiscal quarter following the Closing Date and as of the last day of each Test Period occurring thereafter, in each case, only to the extent that on the last day of the applicable Test Period, the RC Facility Test Condition is satisfied, the Borrower shall not permit the First Lien Net Leverage Ratio calculated as of the last day of such Test Period to be greater than 7.80:1.00 (the “Financial Maintenance Covenant”).
Appears in 4 contracts
Samples: First Lien Credit Agreement (Clarios International Inc.), First Lien Credit Agreement (Clarios International Inc.), First Lien Credit Agreement (Clarios International Inc.)
