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.
Appears in 4 contracts
Samples: First Lien Credit Agreement (Isos Acquisition Corp.), First Incremental Amendment (Isos Acquisition Corp.), First Lien Credit Agreement (Isos Acquisition Corp.)
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 Amendment No. 8 Effective Date on which the Revolving Facility Test Condition is then satisfied, 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 thereafter6.00:1.00.
Appears in 3 contracts
Samples: First Lien Credit Agreement (Bowlero Corp.), First Lien Credit Agreement (Bowlero Corp.), First Lien Credit Agreement (Bowlero Corp.)
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 satisfiedDate, the Borrower Parent 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 thereafter4.00:1.00.
Appears in 2 contracts
Samples: Credit Agreement (Bausch Health Companies Inc.), Restatement Agreement (Valeant Pharmaceuticals International, Inc.)
First Lien Leverage Ratio. On the last day of any Test Period ending on or after commencing with 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 Parent 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 thereafter5.75:1.00.
Appears in 2 contracts
Samples: Credit Agreement (Reynolds Consumer Products Inc.), Credit Agreement (Reynolds Consumer Products Inc.)
First Lien Leverage Ratio. On the last day of any Test Period ending on or after the last day of the first second 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 thereafter9.10:1.00.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Ranpak Holdings Corp.), First Lien Credit Agreement (Ranpak Holdings Corp.)
First Lien Leverage Ratio. On the last day of any Test Period ending on or after commencing with 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 Company 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 thereafter6.30:1.00.
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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 fiscal quarter ending after the Closing Date on which the Revolving Facility Test Condition is then satisfiedMarch 31, 2024, the Borrower shall not permit the Consolidated First Lien Leverage Ratio to be greater than 6.25:1.00, stepping-down to a the ratio set forth below for such Test Period: Test Period Ending Maximum Consolidated First Lien Leverage Ratio of 6.00:1.00 for the Fiscal Quarter ended on or about March 31, 2024 4.00:1.00 June 30, 2024 3.75:1.00 September 30, 2020 and thereafter.2024 3.50:1.00 December 31, 2024 3.25:1.00 March 31, 2025 3.00:1.00
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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 fiscal quarter ending after the Closing Date on which the Revolving Facility Test Condition is then satisfiedMarch 31, 2024, the Borrower shall not permit the Consolidated 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 the ratio set forth below for the Fiscal Quarter ended on or about such Test Period: September 30, 2020 2025 2.50:1.00 September 30, 2024 December 31, 2025 3.50:1.00 2.25:1.00 March 31, 2024 March 31, 2026 and thereafter.each fiscal quarter of the Borrower thereafter 2.00:1.00 December 31, 2024 (b)
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First Lien Leverage Ratio. On the last day of any Test Period ending on or after commencing with 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 Parent 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[ ]:1.00.
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