First Lien Net Leverage Ratio. The Borrower will not permit the First Lien Net Leverage Ratio, as of the last day of any Test Period (commencing with the Test Period ending on the date set forth in the table belowMarch 31, 2020), to be greater than the ratio set forth opposite such date below3.50:1.00. Fiscal Quarter Ending First Lien Net Leverage Ratio December 31, 2017 8.50:1.00 March 31, 2018 7.75:1.00 June 30, 2018 7.75:1.00 September 30, 2018 6.75:1.00 December 31, 2018 5.75:1.00 March 31, 2019 5.00:1.00 June 30, 2019 4.50:1.00 September 30, 2019 4.00:1.00 December 31, 2019 and the last day of each fiscal quarter of the Borrower thereafter 3.50:1.00
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (DITECH HOLDING Corp)
First Lien Net Leverage Ratio. The Borrower will not permit the First Lien Net Leverage Ratio, as of the last day of any Test Period (commencing with the Test Period ending on the date set forth in the table belowMarch 31, 2020)below, to be greater than the ratio set forth opposite such date below3.50:1.00. below: Fiscal Quarter Ending First Lien Net Leverage Ratio December 31, 2017 8.50:1.00 March 31, 2018 7.75:1.00 June 30, 2018 7.75:1.00 September 30, 2018 6.75:1.00 December 31, 2018 5.75:1.00 March 31, 2019 5.00:1.00 June 30, 2019 4.50:1.00 September 30, 2019 4.00:1.00 December 31, 2019 and the last day of each fiscal quarter of the Borrower thereafter 3.50:1.00
Appears in 2 contracts
Samples: First Lien Security Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp)
First Lien Net Leverage Ratio. The Borrower will Credit Parties shall not permit the First Lien Net Leverage Ratio, Ratio as of the last day of any Test Period (commencing with the Test Period ending on the date set forth in the table belowMarch 31, 2020), below to be greater than the ratio set forth opposite such date below3.50:1.00. Fiscal Quarter Test Period below: Test Period Ending Maximum First Lien Net Leverage Ratio December 31, 2017 8.50:1.00 March 31, 2018 7.75:1.00 June 30, 2018 7.75:1.00 September 30, 2018 6.75:1.00 5.50:1.00 December 31, 2018 5.75:1.00 5.25:1.00 March 31, 2019 5.00:1.00 June 30, 2019 5.00:1.00 September 30, 2019 4.50:1.00 December 31, 2019 4.50:1.00 March 31, 2020 4.50:1.00 June 30, 2020 4.50:1.00 September 30, 2019 4.00:1.00 December 31, 2019 2020 and the last day of each fiscal quarter of the Borrower Fiscal Quarter thereafter 3.50:1.004.00:1.00
Appears in 1 contract
Samples: Credit Agreement (R1 RCM Inc.)