Leverage Ratio and Senior Leverage Ratio Sample Clauses

Leverage Ratio and Senior Leverage Ratio. The US Borrower and its Subsidiaries shall maintain: (i) a Leverage Ratio, (a) as of the end of the Fiscal Quarter ending March 31, 2020, and as of the end of each Fiscal Quarter thereafter through and including June 30, 2020, for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 5.00 to 1.00, (b) as of the end of the Fiscal Quarter ending September 30, 2020, and as of the end of each Fiscal Quarter thereafter through and including December 31, 2020, for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 4.75 to 1.00 and (c) as of the end of the Fiscal Quarter ending March 31, 2021, and as of the end of each Fiscal Quarter thereafter, for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 4.50 to 1.00; and (ii) a Senior Leverage Ratio, as of the end of the Fiscal Quarter ending March 31, 2020, and as of the end of each Fiscal Quarter thereafter through and including June 30, 2020, for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 4.00 to 1.00, (b) as of the end of the Fiscal Quarter ending September 30, 2020, and as of the end of each Fiscal Quarter thereafter through and including December 31, 2020, for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 3.75 to 1.00 and (c) as of the end of the Fiscal Quarter ending March 31, 2021, and as of the end of each Fiscal Quarter thereafter, for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 3.50 to 1.00; provided, however, after January 1, 2021, on a one-time only basis, at the option of the US Borrower exercised by written notice to the Agent, upon the consummation of a Permitted Acquisition, (x) the required Leverage Ratio, shall be as of the end of the Fiscal Quarter in which such Permitted Acquisition occurs and as of the end of each of the next three (3) Fiscal Quarters thereafter (a "Temporary Leverage Increase Period"), for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 5.00 to 1.00; and (y) the required Senior Leverage Ratio, shall be as of the end of the Fiscal Quarter in which such Permitted Acquisition occurs and as of the end of each of the next three (3) Fiscal Quarters thereafter (a "Temporary Senior Leverage Increase Period"), for the period equal to the four (4) consecutive...
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Leverage Ratio and Senior Leverage Ratio. (a) At any and all times, the Company shall not permit the Leverage Ratio to exceed the amounts set forth below during the fiscal periods set forth below:
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Leverage Ratio and Senior Leverage Ratio. (a) At any and all times, ---------------------------------------- the Company shall not permit the Leverage Ratio to exceed the amounts set forth below during the fiscal periods set forth below: Fiscal Quarter Ending On or About the Dates Set Forth Below: Maximum Ratio -------------------------- ------------- February 28, 1999 7.5 to 1.00 May 31, 1999 7.0 to 1.00 August 31, 1999 6.5 to 1.00 November 30, 1999 5.5 to 1.00 February 29, 2000 5.5 to 1.00 May 31, 2000 5.0 to 1.00 August 31, 2000 5.0 to 1.00 November 30, 2000 4.0 to 1.00 99 February 28, 2001 4.0 to 1.00 May 31, 2001 4.0 to 1.00 August 31, 2001 4.0 to 1.00 November 30, 2001 3.5 to 1.00 February 28, 2002 3.5 to 1.00 May 31, 2002 3.5 to 1.00 August 31, 2002 3.5 to 1.00 And at all times during each fiscal quarter thereafter 3.0 to 1.00
Sample 1
Leverage Ratio and Senior Leverage Ratio. The Administrative Agent shall have received a certificate from the CFO, in form and substance satisfactory to the Administrative Agent, certifying that (a) the Senior Leverage Ratio shall not exceed 2.50:1.00 and (b) the Leverage Ratio shall not exceed 4.10:1.00 as of the Closing Date.
Sample 1
Leverage Ratio and Senior Leverage Ratio. (A) At any time prior to a Qualified Bond Issuance, the Borrower and its Subsidiaries shall maintain a Leverage Ratio less than or equal to the ratio set forth below, in each case for the period equal to the four (4) consecutive Fiscal Quarters ending on the dates set forth below: Period Ending Leverage Ratio As of December 31, 2017, and as of the last day of each Fiscal Quarter thereafter through and including September 30, 2018 4.00 to 1.0 As of December 31, 2018, and as of the last day of each Fiscal Quarter ending thereafter through and including September 30, 2019 3.75 to 1.0 As of December 31, 2019, and as of the last day of each Fiscal Quarter ending thereafter 3.50 to 1.0 provided, however, on a one-time only basis, at the option of the Borrower exercised by written notice to the Agent, upon the consummation of a Permitted Acquisition, the required Leverage Ratio, shall be, as of the end of the Fiscal Quarter in which such Permitted Acquisition occurs and as of the end of each of the next three (3) Fiscal Quarters thereafter (a "Pre-Issuance Temporary Leverage Increase Period"), for the period equal to the four (4) consecutive Fiscal Quarters then ending, less than or equal to 4.00 to 1.00; and EXHIBIT 10.1
Sample 1

Related to Leverage Ratio and Senior Leverage Ratio

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • Total Leverage Ratio The Company will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to exceed the ratio set forth opposite such period: Period Ratio October 1, 2002 through and including December 31, 2002 6.85 to 1.00 January 1, 2003 through and including March 31, 2003 7.50 to 1.00 April 1, 2003 through and including September 30, 2003 7.75 to 1.00 October 1, 2003 through and including December 31, 2003 7.25 to 1.00 January 1, 2004 through and including December 31, 2004 6.50 to 1.00 January 1, 2005 and thereafter 4.00 to 1.00

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

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