Common use of First Lien Debt Ratio Clause in Contracts

First Lien Debt Ratio. Permit the First Lien Debt Ratio for any period of four consecutive fiscal quarters, in each case taken as one accounting period, ending on any date or during any period set forth below to be greater than the ratio set forth opposite such date or period below: September 30, 2007 5.65 to 1.00 December 31, 2007 5.65 to 1.00 March 31, 2008 5.65 to 1.00 June 30, 2008 5.65 to 1.00 September 30, 2008 5.25 to 1.00 December 31, 2008 5.00 to 1.00 March 31, 2009 4.25 to 1.00 June 30, 2009 4.25 to 1.00 September 30, 2009 4.25 to 1.00 December 31, 2009 4.25 to 1.00 March 31, 2010 4.00 to 1.00 June 30, 2010 4.00 to 1.00 September 30, 2010 4.00 to 1.00 December 31, 2010 4.00 to 1.00 March 31, 2011 3.00 to 1.00 June 30, 2011 3.00 to 1.00 September 30, 2011 3.00 to 1.00 December 31, 2011 3.00 to 1.00 March 31, 2012 3 00 to 1.00

Appears in 5 contracts

Samples: First Lien Credit Agreement (STR Holdings LLC), First Lien Credit Agreement (STR Holdings LLC), First Lien Credit Agreement (STR Holdings (New) LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!