Common use of First Lien Leverage Ratio Clause in Contracts

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

Appears in 2 contracts

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

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First Lien Leverage Ratio. The Borrower will shall 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 be greater than the ratio set forth below opposite such periodthe applicable period below: Applicable Period Maximum First Lien Leverage Ratio Effective Initial Funding Date to through and including June 30December 31, 2013 4.75 2014 2.75 to 1.00 July January 1, 2013 2015 through and including December 31, 2015 2.50 to 1.00 January 1, 2016 and thereafter 4.50 2.25 to 1.001:00

Appears in 1 contract

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

First Lien Leverage Ratio. The Borrower will shall 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 be greater than the ratio set forth below opposite such periodthe applicable period below: Applicable Period Maximum First Lien Leverage Ratio Effective Date June 30, 2015 through and including September 29, 2015 4.85 to 1.00 September 30, 2015 through and including December 30, 2015 4.75 to 1.00 December 31, 2015 through and including March 30, 2016 4.35 to 1.00 March 31, 2016 through and including June 29, 2016 4.15 to 1.00 June 30, 2013 4.75 2016 through and including September 29, 2016 4.00 to 1.00 July 1September 30, 2013 and thereafter 4.50 2016 through the Maturity Date 3.75 to 1.00

Appears in 1 contract

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

First Lien Leverage Ratio. The Borrower will shall 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 be greater than the ratio set forth below opposite such periodthe applicable period below: Applicable Period Maximum First Lien Leverage Ratio Effective Date June 30, 2015 through and including September 29, 2015 5.10 to 1.00 September 30, 2015 through and including December 30, 2015 5.00 to 1.00 December 31, 2015 through and including March 30, 2016 4.60 to 1.00 March 31, 2016 through and including June 29, 2016 4.40 to 1.00 June 30, 2013 4.75 2016 through and including September 29, 2016 4.25 to 1.00 July 1September 30, 2013 and thereafter 4.50 2016 through the Maturity Date 4.00 to 1.00

Appears in 1 contract

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

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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 to and including March 31, 2014 4.50 to 1.00 April 1, 2014 to and including June 30, 2015 5.25 to 1.00 July 1, 2015 and thereafter 4.50 to 1.00

Appears in 1 contract

Samples: Revolving Credit Agreement (American Media Inc)

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