Common use of Maximum Annual Capital Expenditures Clause in Contracts

Maximum Annual Capital Expenditures. The Borrower hereby covenants and agrees that the Loan Parties and their Subsidiaries will not exceed $33,000,000 in Capital Expenditures during any four (4) fiscal quarter period ending on the last day of the fiscal quarter most recently ended; provided that this Section 9.2 will not apply if the Net Leverage Ratio is less than or equal to 4.00 to 1.00 as of the end of the second and fourth fiscal quarter of such calendar year.

Maximum Annual Capital Expenditures. The Borrower hereby covenants and agrees that the Loan Parties and their Subsidiaries will not exceed $33,000,000 in Capital Expenditures during any four (4) fiscal quarter period ending on the last day of the fiscal quarter most recently ended; provided that this Section 9.2 will not apply if the Net Leverage Ratio is less than or equal to 4.00 to 1.00 as of the end of the second and fourth fiscal quarter of such calendar year.quarter

Maximum Annual Capital Expenditures. The Borrower hereby covenants and agrees that the Loan Parties and their Subsidiaries will not exceed $33,000,000 in Capital Expenditures during any four (4) fiscal quarter period ending on the last day of the second or fourth fiscal quarter most recently endedof each fiscal year; provided that this Section 9.2 will not apply if the Net Leverage Ratio for such period is less than or equal to 4.00 to 1.00 as of the end of the second and fourth fiscal quarter of such calendar year1.00.