Common use of Financial Performance Covenant Clause in Contracts

Financial Performance Covenant. The Borrower will not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter of the Borrower set forth below to exceed the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio June 30, 2020 5.50 to 1.00 September 30, 2020 5.50 to 1.00 December 31, 2020 and the last day of each fiscal quarter of the Borrower thereafter 5.00 to 1.00

Financial Performance Covenant. The Borrower will not permit the Total Net Leverage Ratio as of the last day of any fiscal quarter of the Borrower set forth below to exceed (commencing with the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio June 30, 2020 5.50 to 1.00 ending September 30, 2020 5.50 2021) to 1.00 exceed (a) with respect to each fiscal quarter ending prior to December 31, 2020 2022, 5.00:1.00 and the last day of (b) with respect to each fiscal quarter of the Borrower thereafter 5.00 to 1.00ending on or after December 31, 2022, 4.50:1.00.