First Lien Leverage Ratio Sample Clauses

First Lien Leverage Ratio. If, on the last day of any Test Period, the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a) shall not apply until the Test Period that includes the last day of the second full Fiscal Quarter ending after the Closing Date), the Borrower shall not permit the First Lien Leverage Ratio to be greater than 8.50:1.00 as of the last day of such Test Period.

First Lien Leverage Ratio. On the last day of any Test Period ending on or after the last day of the first full Fiscal Quarter ending after the Closing Date on which the Revolving Facility Test Condition is then satisfied, the Borrower shall not permit the First Lien Leverage Ratio to be greater than 6.25:1.00, stepping-down to a First Lien Leverage Ratio of 6.00:1.00 for the Fiscal Quarter ended on or about September 30, 2020 and thereafter.

First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio to be greater than 2.50 to 1.00 on the last day of the Fiscal Quarter ending March 31, 2022 and on the last day of each Fiscal Quarter thereafter.

First Lien Leverage Ratio. Permit the First Lien Leverage Ratio for any period of 4 consecutive fiscal quarters of Holdings and its Subsidiaries for which the last fiscal month ends on a date set forth below to be greater than the ratio set forth opposite such date:

First Lien Leverage Ratio. The Borrower will not permit the First Lien Leverage Ratio as of the last day of any fiscal quarter ending on any date during any period set forth below to exceed the ratio set forth below opposite such period: Period Ratio Effective Date to and including June 30, 2013 4.75 to 1.00 July 1, 2013 and thereafter 4.50 to 1.00

First Lien Leverage Ratio. On the last day of any Test Period ending on or after the last day of the first full Fiscal Quarter ending after the ClosingAmendment No. 8 Effective Date on which the Revolving Facility Test Condition is then satisfied (other than any Test Period ending during the Covenant Waiver Period, so long as the Borrower is in compliance with any then-applicable Covenant Waiver Conditions at all times during the applicable portions of such Covenant Waiver Period (giving effect to any cure periods stated therein)), the, the Parent Borrower shall not permit the First Lien Leverage Ratio to be greater than 6.25:1.00, stepping-down to a First Lien Leverage Ratio of 6.00:1.00 for the Fiscal Quarter ended on or about September 30, 2020 and thereafter (as applicable). For the avoidance of doubt, if the Borrower ceases to be in compliance with any then-applicable Covenant Waiver Conditions at any time during the applicable portions of such Covenant Waiver Period, then (A) the Financial Covenant will be deemed to have been applicable as of the last day of the most recently ended Test Period (but solely to the extent the Revolving Facility Test Condition was otherwise satisfied on such last day) and (B) accordingly, if the Borrower would not have been in compliance with the Financial Covenant as of the last day of such Test Period, then, solely to the extent the Revolving Facility Test Condition was otherwise satisfied on such last day, and subject to the rights and limitations set forth in Section 6.15(b), a breach of this Section 6.15(a) shall be deemed to have occurred from such non-compliance with the Covenant Waiver Conditions (unless so cured). 6.00:1. 00. (i) for the first Test Period ending after termination of the Covenant Waiver Period, Consolidated Adjusted EBITDA shall be deemed to be the product of (x) Consolidated Adjusted EBITDA for the most recently ended Fiscal Quarter for which financial statements under Section 5.01(a) or Section 5.01(b), as applicable, have been delivered (or are required to have been delivered), multiplied by (y) the Seasonal Adjustment Factor for such Fiscal Quarter; (ii) for the second Test Period ending after termination of the Covenant Waiver Period, Consolidated Adjusted EBITDA shall be deemed to be the product of (x) Consolidated Adjusted EBITDA for the two most recently ended consecutive Fiscal Quarters for which financial statements under Section 5.01(a) or Section 5.01(b), as applicable, have been delivered (or are required to h...

First Lien Leverage Ratio. Permit the First Lien Leverage Ratio during any period set forth below to be greater than the ratio set forth opposite such period below: Fiscal Quarter Ended: Ratio June 30, 2006 4.75:1.00 September 30, 2006 4.75:1.00 December 31, 2006 4.75:1.00 March 31, 2007 4.75:1.00 June 30, 2007 4.50:1.00 September 30, 2007 4.25:1.00 December 31, 2007 4.00:1.00 Fiscal Quarter Ended: Ratio March 31, 2008 4.00:1.00 June 30, 2008 4.00:1.00 September 30, 2008 4.00:1.00 December 31, 2008 3.50:1.00 March 31, 2009 3.50:1.00 June 30, 2009 3.50:1.00 September 30, 2009 3.50:1.00 December 31, 2009 2.50:1.00 March 31, 2010 2.50:1.00 June 30, 2010 2.50:1.00 September 30, 2010 2.50:1.00 December 31, 2010 2.25:1.00 March 31, 2011 2.25:1.00 June 30, 2011 2.25:1.00 September 30, 2011 2.25:1.00 December 31, 2011 2.00:1.00 March 31, 2012 2.00:1.00 June 30, 2012 2.00:1.00 September 30, 2012 2.00:1.00 December 31, 2012 and each fiscal quarter thereafter 1.75:1.00 (gg) Section 4(c) of Schedule 6 to the Second Lien Commodities Purchase Agreement is hereby amended and restated in its entirety as follows:

First Lien Leverage Ratio. Except during a Suspension Period, the Borrower shall not permit its First Lien Leverage Ratio as of the last day of any fiscal quarter to exceed (a) for the period from the Restatement Effective Date to the second anniversary of the Restatement Effective Date, 4.50 to 1.00 and (b) thereafter, 4.25 to 1.00.

First Lien Leverage Ratio. On each Compliance Date, the Borrower shall not permit the First Lien Leverage Ratio as of such Compliance Date to be greater than 3.80:1.00.

First Lien Leverage Ratio. Except with the written consent of the Required Revolving Credit Lenders, the Borrower will not permit the First Lien Leverage Ratio of the Borrower and its Restricted Subsidiaries on a consolidated basis as of the last day of a Test Period (commencing with the Test Period ending on or about December 31, 2019 but excluding any Test Period ending during the Relief Period) to exceed (a) prior to the Step-Down Date, 7.60:1.00 and (b) from the Step-Down Date, 7.10:1.00 (this clause (a) being referred to herein as the “Financial Covenant”); provided that the provisions of this Section 7.09(a) shall not be applicable to any such Test Period if on the last day of such Test Period (x) to the extent the Total Leverage Ratio is greater than 6.50:1.00, the aggregate amount of Revolving Credit Loans, Swingline Loans and/or L/C Exposure (excluding up to $10,000,000 of undrawn Letters of Credit and other Letters of Credit which have been Cash Collateralized or Backstopped) does not exceed $0 or (y) to the extent the Total Leverage Ratio is equal to or less than 6.50:1.00, the aggregate amount of Revolving Credit Loans, Swingline Loans and/or L/C Exposure (excluding up to $10,000,000 of undrawn Letters of Credit and other Letters of Credit which have been Cash Collateralized or Backstopped) does not exceed 35% of the Aggregate Revolving Credit Commitments.