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.
Appears in 6 contracts
Samples: First Lien Credit Agreement (Waystar Holding Corp.), First Amendment to the First Lien Credit Agreement (Waystar Holding Corp.), Fourth Amendment to the First Lien Credit Agreement (Waystar Holding Corp.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a) 6.15 shall not apply until the Test Period that includes the last day of the second first full Fiscal Quarter ending after the Closing Date), the Borrower Borrowers shall not permit the First Lien Leverage Ratio to be greater than 8.50:1.00 as of the last day of such Test Period7.75:1.00.
Appears in 4 contracts
Samples: Credit Agreement (Knowlton Development Corp Inc), Incremental Amendment to Credit Agreement (Knowlton Development Corp Inc), Credit Agreement (Knowlton Development Parent, Inc.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which 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 first full Fiscal Quarter ending after the Closing Date), the Borrower Borrowers shall not permit the First Lien Leverage Ratio to be greater than 8.50:1.00 as of the last day of such Test Period7.50:1.00.
Appears in 3 contracts
Samples: Credit Agreement (Certara, Inc.), Credit Agreement (Certara, Inc.), Credit Agreement (Certara, Inc.)
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; provided, however, that upon the consummation of a Qualifying IPO, the maximum First Lien Leverage Ratio shall be automatically increased to 10.40:1.00.
Appears in 3 contracts
Samples: First Lien Credit Agreement (Waystar Holding Corp.), First Lien Credit Agreement (Waystar Holding Corp.), First Lien Credit Agreement (Waystar Holding Corp.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a6.15(a) shall not apply until the Test Period that includes earlier than the last day of the second first full Fiscal Quarter ending after the Closing DateDate (and on such date, only to the extent the Revolving Facility Test Condition is then satisfied)), 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 Period6.90:1.00.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Shift4 Payments, Inc.), First Lien Credit Agreement (Shift4 Payments, Inc.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, the Revolving Facility Test Condition is then satisfied Period (it being understood and agreed that this Section 6.12(a6.13(a) shall not apply until the Test Period that includes earlier than the last day of the second first full Fiscal Quarter ending after the Closing Date), the Administrative Borrower shall not permit the First Lien Leverage Ratio to be greater than 8.50:1.00 as of the last day of such (i) for each Test PeriodPeriod ending prior to March 31, 2020, 5.0:1.0 or (ii) for each Test Period ending on or after March 31, 2020, 4.5:1.0.
Appears in 2 contracts
Samples: Credit Agreement (Syneos Health, Inc.), Credit Agreement (Syneos Health, Inc.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which 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 satisfied, commencing with the last day of the second first full Fiscal Quarter ending after the Closing DateDate (and on such date, only to the extent the Revolving Facility Test Condition is then satisfied), 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.5.40:1.00. XXXX:\98106221\28\78831.0005
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (System1, Inc.), Credit and Guaranty Agreement (System1, Inc.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a6.15(a) shall not apply until the Test Period that includes the last day of the second first full Fiscal Quarter ending after the Closing Date), the Top 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 Period6.75:1.00.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Cotiviti Holdings, Inc.), First Lien Credit Agreement (Cotiviti Holdings, Inc.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, the Revolving Facility Test Condition is then satisfied Period (it being understood and agreed that this Section 6.12(a6.13(a) shall not apply until the Test Period that includes earlier than the last day of the second first full Fiscal Quarter ending after the Closing Date), the Administrative Borrower shall not permit the First Lien Leverage Ratio to be greater than 8.50:1.00 as of the last day of such (i) for each Test PeriodPeriod ending prior to March 31, 2019, 5.0:1.0 or (ii) for each Test Period ending on or after March 31, 2019, 4.5:1.0.
Appears in 1 contract
First Lien Leverage Ratio. If, on On the last day of any Test Period, the Revolving Facility Test Condition is then satisfied Period (it being understood and agreed that this Section 6.12(a6.13(a) shall not apply until the Test Period that includes earlier than the last day of the second first full Fiscal Quarter ending after the Closing Date), the Administrative Borrower shall not permit the First Lien Leverage Ratio to be greater than 8.50:1.00 as of the last day of such (i) for each Test PeriodPeriod ending prior to March 31, 20192020, 5.0:1.0 or (ii) for each Test Period ending on or after March 31, 20192020, 4.5:1.0.
Appears in 1 contract
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a) 6.15 shall not apply until the Test Period that includes the last day of the second first 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 ratio set forth below opposite the last day of such Test Period.: September 30, 2014 through June 30, 2015 6.50:1.00 September 30, 2015 through June 30, 2016 5.75:1.00 September 30, 2016 and thereafter 5.25:1.00
Appears in 1 contract
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a6.14(a) shall not apply until the Test Period that includes the last day of the second first 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 Period8.30:1.00.
Appears in 1 contract
Samples: First Lien Credit Agreement (Dragoneer Growth Opportunities Corp.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, the Revolving Facility Test Condition is then satisfied Period ending (it being understood and agreed that this Section 6.12(ai) shall not apply until the Test Period that includes on or after the last day of the second full Fiscal Quarter ending after the Closing Date)Closingbefore the Amendment No. 3 Effective 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 8.50:1.00 as of 9.10:1.00 and (ii) thereafter on which the last day of such Revolving Facility Test PeriodCondition is then satisfied, the Borrower shall not permit the First Lien Leverage Ratio to be greater than 7.50:1.00.
Appears in 1 contract
Samples: First Lien Credit Agreement (Ranpak Holdings Corp.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a) 6.15 shall not apply until the Test Period that includes the last day of the second first 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 Period7.00:1.00.
Appears in 1 contract
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a6.14(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 Period6.25:1.00.
Appears in 1 contract
Samples: Credit Agreement (CCC Intelligent Solutions Holdings Inc.)
First Lien Leverage Ratio. If, on On the last day of any Test Period, Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.12(a6.15(a) shall not apply until the Test Period that includes earlier than the last day of the second first full Fiscal Quarter ending after the Closing DateDate (and on such date, only to the extent the Revolving Facility Test Condition is then satisfied), 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 Period6.25:1.00.
Appears in 1 contract
Samples: First Lien Credit Agreement (ATI Physical Therapy, Inc.)