Common use of First Lien Leverage Ratio Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement (W&t Offshore Inc)

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First Lien Leverage Ratio. The Borrower will not permit its the First Lien Leverage Ratio to be greater than 2.50 to 1.00 on as of the last day of any fiscal quarter ending on any date during any period set forth below to exceed the Fiscal Quarter ending March 31ratio set forth below opposite such period: Period Ratio Effective Date to and including June 30, 2022 2013 4.75 to 1.00 July 1, 2013 and on the last day of each Fiscal Quarter thereafter.thereafter 4.50 to 1.00

Appears in 2 contracts

Samples: Revolving Credit Agreement (Ami Celebrity Publications, LLC), Revolving Credit Agreement (Ami Celebrity Publications, LLC)

First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio to be greater than 2.50 to 1.00 on as of the last day of each Fiscal Quarter thereafter (commencing with the Fiscal Quarter ending March 31, 2022 and on the last day of each Fiscal Quarter thereafter2015) to be greater than 2.50 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (W&t Offshore Inc), Credit Agreement

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 Commencing with the Fiscal Quarter ending March 31, 2022 and on 2012, the Borrower will have, as of the last day of each Fiscal Quarter thereafterQuarter, a First Lien Leverage Ratio of not greater than 3.50:1.00.

Appears in 1 contract

Samples: Second Lien Term Loan Agreement (Magnum Hunter Resources Corp)

First Lien Leverage Ratio. The Borrower will not permit its the First Lien Leverage Ratio to be greater than 2.50 to 1.00 on as of the last day of the Fiscal Quarter any fiscal quarter ending March on or after June 30, 2003, and on or before December 31, 2022 and on the last day 2003, to be in excess of each Fiscal Quarter thereafter2.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Pierson Industries Inc)

First Lien Leverage Ratio. The Neither Holdings nor the Borrower will not shall permit its the First Lien Leverage Ratio as of the last day of any fiscal quarter to be greater than 2.50 to 1.00 on 1.00, commencing with the last day of the Fiscal Quarter fiscal quarter ending March 31, 2022 and on the last day of each Fiscal Quarter thereafter2021.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Corp)

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First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter ending on or before June 30, 2017 to be greater than 2.50 to 1.00 on and as of the last day of the any Fiscal Quarter ending March 31, 2022 thereafter to be greater than 2.0 to 1.0.” (k) Amendment of Section 7.15. Section 7.15 of the Credit Agreement is amended by deleting such Section in its entirety and on replacing it with the last day of each Fiscal Quarter thereafter.following:

Appears in 1 contract

Samples: Credit Agreement

First Lien Leverage Ratio. The Borrower will not permit its First Lien Leverage Ratio as of the last day of each Fiscal Quarter ending on or before June 30, 2017 to be greater than 2.50 to 1.00 on and as of the last day of the any Fiscal Quarter ending March 31, 2022 and on the last day of each Fiscal Quarter thereafterthereafter to be greater than 2.0 to 1.0.”

Appears in 1 contract

Samples: Credit Agreement (W&t Offshore Inc)

First Lien Leverage Ratio. The Borrower will shall not permit its the First Lien Leverage Ratio as of the last day of any fiscal quarter to be greater than the ratio set forth opposite the applicable period below: Initial Funding Date through and including December 31, 2014 2.75 to 1.00 January 1, 2015 through and including December 31, 2015 2.50 to 1.00 on the last day of the Fiscal Quarter ending March 31January 1, 2022 2016 and on the last day of each Fiscal Quarter thereafter.thereafter 2.25 to 1:00

Appears in 1 contract

Samples: First Lien Credit Agreement (Full House Resorts Inc)

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