Maintenance of Consolidated Leverage Ratio. Permit, at the last day of any fiscal quarter ending during any test period set forth below, the Consolidated Leverage Ratio to be greater than the ratio set forth opposite such test period below: July 1, 2006 — September 30, 2006 7.25 to 1.00 October 1, 2006 — December 31, 2006 5.75 to 1.00 January 1, 2007 — June 29, 2007 5.50 to 1.00 June 30, 2007 — September 29, 2007 5.00 to 1.00 September 30, 2007 — December 30, 2007 5.25 to 1.00 December 31, 2007 — June 29, 2008 4.75 to 1.00 June 30, 2008 — March 30, 2009 3.00 to 1.00 March 31, 2009 and thereafter 2.50 to 1.00
Maintenance of Consolidated Leverage Ratio. Not permit, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter of Dal-Tile International, the Consolidated Leverage Ratio of Dal-Tile International for such period to be greater than 3.25 to 1.00.
Maintenance of Consolidated Leverage Ratio. So long as the Securities are outstanding, the Company, will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly permit the Consolidated Leverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Company ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter:
Maintenance of Consolidated Leverage Ratio. Permit, at the last day of any fiscal quarter period of the Borrower, the Consolidated Leverage Ratio to be greater than the correlative ratio set forth below: Fiscal Quarter Ratio June 30, 2013 5.25:1.00 September 30, 2013 5.25:1.00 December 31, 2013 5.25:1.00 March 31, 2014 5.25:1.00 June 30, 2014 4.875:1.00 September 30, 2014 4.50:1.00 December 31, 2014 4.25:1.00 March 31, 2015 4.25:1.00 June 30, 2015 4.00:1.00 September 30, 2015 3.75:1.00 December 31, 2015 3.50:1.00 March 31, 2016 3.50:1.00 June 30, 2016 3.25:1.00 September 30, 2016 3.25:1.00 December 31, 2016 3.00:1.00 March 31, 2017 3.00:1.00 June 30, 2017 and thereafter 2.75:1.00
