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: Date or Period Ratio 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 Guarantee and Collateral Agreement (STR Holdings, Inc.), First Lien Guarantee and Collateral Agreement (STR Holdings LLC), First Lien Guarantee and Collateral Agreement (STR Holdings (New) LLC)

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