Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of the last day of any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio December 31, 2012 4.50 to 1 March 31, 2013 4.25 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 to 1
Appears in 1 contract
Maximum Consolidated Leverage Ratio. The Borrower Holdings shall not have, as of on the last day of any each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio MAXIMUM CONSOLIDATED FISCAL QUARTER ENDING LEVERAGE RATIO December 31, 2010 6.40 to 1 March 31, 2011 5.90 to 1 June 30, 2011 5.30 to 1 September 30, 2011 4.90 to 1 December 31, 2011 4.80 to 1 March 31, 2012 4.90 to 1 June 30, 2012 4.80 to 1 September 30, 2012 4.80 to 1 December 31, 2012 4.50 4.70 to 1 March 31, 2013 4.25 4.60 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 4.50 to 1
Appears in 1 contract
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of on the last day of any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio TERM LOAN CREDIT AGREEMENT [DAYTON SUPERIOR CORPORATION] 49 FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO June 30, 2008 6.50 to 1 September 30, 2008 6.25 to 1 December 31, 2008 6.25 to 1 March 31, 2009 6.00 to 1 June 30, 2009 6.00 to 1 September 30, 2009 5.75 to 1 December 31, 2009 5.75 to 1 March 31, 2010 5.00 to 1 June 30, 2010 5.00 to 1 September 30, 2010 5.00 to 1 December 31, 2010 5.00 to 1 March 31, 2011 4.25 to 1 June 30, 2011 4.25 to 1 September 30, 2011 4.25 to 1 December 31, 2011 4.25 to 1 March 31, 2012 4.00 to 1 June 30, 2012 4.00 to 1 September 30, 2012 4.00 to 1 December 31, 2012 4.50 4.00 to 1 March 31, 2013 4.25 4.00 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 4.00 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 4.00 to 1
Appears in 1 contract
Samples: Guaranty and Security Agreement (Dayton Superior Corp)
Maximum Consolidated Leverage Ratio. The Borrower Holdings shall not have, as of on the last day of any each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio December 31, 2012 4.50 to 1 FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO March 31, 2013 4.25 2007 3.50 to 1 June 30, 2013 4.00 2007 3.50 to 1 September 30, 2013 3.75 2007 3.50 to 1 December 31, 2013 2007 3.50 to 1 March 31, 2014 3.50 2008 3.30 to 1 June 30, 2014 3.25 2008 3.10 to 1 September 30, 2014 3.00 2008 2.90 to 1 December 31, 2014 2.75 2008 2.80 to 1 March 31, 2015 2.50 2009 2.65 to 1 June 30, 2015 2.25 2009 2.50 to 1 September 30, 2015 2.00 2009 2.35 to 1 December 31, 2015 2.00 2009 2.25 to 1 March 31, 2016 1.75 2010 2.10 to 1 June 30, 2016 1.50 2010 1.95 to 1 September 30, 2016 1.25 2010 1.80 to 1 December 31, 2016 1.00 2010 1.75 to 1 March 31, 2017 0.75 2011 1.70 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 2011 1.60 to 1 September 30, 2011 1.60 to 1 December 31, 2011 1.50 to 1
Appears in 1 contract
Samples: Credit and Term Loan Agreement (PROS Holdings, Inc.)
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of on the last day of any each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio December FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED LEVERAGE RATIO SEPTEMBER 30, 2008 4.50 TO 1 DECEMBER 31, 2008 4.50 TO 1 MARCH 31, 2009 4.00 TO 1 JUNE 30, 2009 4.00 TO 1 SEPTEMBER 30, 2009 4.00 TO 1 DECEMBER 31, 2009 3.75 TO 1 MARCH 31, 2010 8.00 TO 1 JUNE 30, 2010 7.00 TO 1 SEPTEMBER 30, 2010 6.00 TO 1 DECEMBER 31, 2010 5.50 TO 1 MARCH 31, 2011 5.00 TO 1 JUNE 30, 2011 5.00 TO 1 SEPTEMBER 30, 2011 5.00 TO 1 DECEMBER 31, 2011 5.00 TO 1 MARCH 31, 2012 AND EACH FISCAL QUARTER THEREAFTER 4.50 to 1 March 31, 2013 4.25 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 to TO 1
Appears in 1 contract
Samples: Consent and Waiver to Credit Agreement (Purple Communications, Inc.)
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of the last day of during any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such the applicable Fiscal Quarter: Fiscal Quarter(s) Quarter Ending Maximum Consolidated Leverage Ratio June 30, 2007 14.0 to 1 September 30, 2007 9.5 to 1 December 31, 2007 7.75 to 1 March 31, 2008 6.5 to 1 June 30, 2008 5.25 to 1 September 30, 2008 4.75 to 1 December 31, 2008 4.25 to 1 March 31, 2009 4.0 to 1 June 30, 2009 4.0 to 1 September 30, 2009 4.0 to 1 December 31, 2009 3.75 to 1 March 31, 2010 3.5 to 1 June 30, 2010 3.5 to 1 September 30, 2010 3. 5 to 1 December 31, 2010 3.25 to 1 March 31, 2011 2.75 to 1 June 30, 2011 2.75 to 1 September 30, 2011 2.75 to 1 December 31, 2011 2.5 to 1 March 31, 2012 2.0 to 1 June 30, 2012 2.0 to 1 September 30, 2012 1.75 to 1 December 31, 2012 4.50 1.5 to 1 March 31, 2013 4.25 1.0 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 to 1
Appears in 1 contract
Samples: Access Integrated Technologies Inc
Maximum Consolidated Leverage Ratio. The Borrower Holdings shall not have, as of on the last day of any Fiscal Quarter each fiscal period set forth below, a Consolidated Leverage Ratio for the twelve consecutive Fiscal Month period ending on such day of greater than the maximum ratio set forth opposite such Fiscal Quarterfiscal period: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio FISCAL PERIOD ENDING ON OR ABOUT MAXIMUM CONSOLIDATED LEVERAGE RATIO March 31, 2009 6.70 to 1 April 30, 2009 6.70 to 1 May 31, 2009 6.70 to 1 AMENDED AND RESTATED CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC. 49 June 30, 2009 6.70 to 1 July 31, 2009 6.70 to 1 August 31, 2009 6.70 to 1 September 30, 2009 6.70 to 1 October 31, 2009 6.60 to 1 November 30, 2009 6.60 to 1 December 31, 2009 6.50 to 1 January 31, 2010 6.50 to 1 February 28, 2010 6.50 to 1 March 31, 2010 6.50 to 1 June 30, 2010 6.05 to 1 September 30, 2010 5.90 to 1 December 31, 2010 5.80 to 1 March 31, 2011 5.60 to 1 June 30, 2011 5.25 to 1 September 30, 2011 5.15 to 1 December 31, 2011 5.00 to 1 March 31, 2012 4.95 to 1 June 30, 2012 4.80 to 1 September 30, 2012 4.70 to 1 December 31, 2012 4.50 4.40 to 1 March 31, 2013 4.25 4.20 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 4.10 to 1
Appears in 1 contract
Samples: Credit Agreement (Medical Staffing Network Holdings Inc)
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of on the last day of any each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio MAXIMUM CONSOLIDATED FISCAL QUARTER ENDING LEVERAGE RATIO March 31, 2012 5.60 to 1 June 30, 2012 6.20 to 1 September 30, 2012 5.80 to 1 December 31, 2012 4.50 5.45 to 1 March 31, 2013 4.25 4.95 to 1 June 30, 2013 4.00 4.85 to 1 September 30, 2013 3.75 4.75 to 1 December 31, 2013 3.50 4.70 to 1 March 31, 2014 3.50 4.35 to 1 June 30, 2014 3.25 4.30 to 1 September 30, 2014 3.00 4.20 to 1 December 31, 2014 2.75 4.15 to 1 March 31, 2015 2.50 3.75 to 1 June 30, 2015 2.25 3.65 to 1 September 30, 2015 2.00 3.50 to 1 December 31, 2015 2.00 3.40 to 1 March 31, 2016 1.75 3.05 to 1 June 30, 2016 1.50 2.90 to 1 September 30, 2016 1.25 2.80 to 1 December 31, 2016 1.00 2.70 to 1 March 31, 2017 0.75 2.70 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 2.70 to 11 SECOND LIEN CREDIT AGREEMENT WESTWOOD ONE, INC.
Appears in 1 contract
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of on the last day of any each Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio MAXIMUM CONSOLIDATED FISCAL QUARTER ENDING LEVERAGE RATIO March 31, 2012 5.10 to 1 June 30, 2012 5.65 to 1 September 30, 2012 5.25 to 1 December 31, 2012 4.50 4.95 to 1 March 31, 2013 4.25 4.50 to 1 June 30, 2013 4.00 4.40 to 1 September 30, 2013 3.75 4.30 to 1 December 31, 2013 3.50 4.25 to 1 March 31, 2014 3.50 3.95 to 1 June 30, 2014 3.25 3.90 to 1 September 30, 2014 3.00 3.80 to 1 December 31, 2014 2.75 3.75 to 1 March 31, 2015 2.50 3.40 to 1 June 30, 2015 2.25 3.30 to 1 September 30, 2015 2.00 3.20 to 1 December 31, 2015 2.00 3.10 to 1 March 31, 2016 1.75 2.75 to 1 June 30, 2016 1.50 2.65 to 1 September 30, 2016 1.25 2.55 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 2.45 to 1
Appears in 1 contract
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of the last day of any Fiscal Quarter set forth below, Maintain at all times a Consolidated Leverage Ratio greater of not more than the maximum ratio set forth opposite such following: Period Ratio Fiscal Quarter: Fiscal Quarter(s) Ending Maximum Consolidated Leverage Ratio quarter ended June 30, 2009 5.25 to 1.00 July 1, 2009 through and including September 30, 2009 5.50 to 1.00 October 1, 2009 through and including December 31, 2012 4.50 2009 5.75 to 1 1.00 January 1, 2010 through and including March 31, 2013 4.25 2010 5.50 to 1 1.00 April 1, 2010 through and including June 30, 2013 4.00 2010 5.00 to 1 1.00 July 1, 2010 through and including September 30, 2013 3.75 2010 5.10 to 1 1.00 October 1, 2010 through and including December 31, 2013 3.50 2010 5.25 to 1 1.00 January 1, 2011 through and including March 31, 2014 3.50 2011 4.50 to 1 1.00 April 1, 2011 through and including June 30, 2014 3.25 2011 4.75 to 1 1.00 July 1, 2011 through and including September 30, 2014 3.00 2011 5.00 to 1 1.00 October 1, 2011 through and including December 31, 2014 2.75 2011 4.75 to 1 March 311.00 January 1, 2015 2.50 2012 and thereafter 4.00 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 to 11.00
Appears in 1 contract
Samples: Credit Agreement (Alliance One International, Inc.)
Maximum Consolidated Leverage Ratio. The Borrower shall not have, as of the last day of during any Fiscal Quarter set forth below, a Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such the applicable Fiscal Quarter: Fiscal Quarter(s) Quarter Ending Maximum Consolidated Leverage Ratio June 30, 2007 14.0 to 1 September 30, 2007 9.5 to I Fiscal Quarter Ending Maximum Consolidated Leverage Ratio December 31, 2012 4.50 2007 7.75 to 1 March 31, 2008 6.5 to 1 June 30, 2008 5.25 to l September 30, 2008 4.75 to 1 December 31, 2008 4.25 to 1 March 31, 2009 4.5 to 1 June 30, 2009 4.5 to 1 September 30, 2009 4.5 to 1 December 31, 2009 4.5 to 1 March 31, 2010 4.5 to I June 30, 2010 4.25 to I September 30, 2010 4.25 to 1 December 31, 2010 4.0 to 1 March 31, 2011 3.75 to 1 June 30, 2011 3.5 to 1 September 30, 2011 3.25 to 1 December 31, 2011 3.0 to 1 March 31, 2012 2.75 to1 June 30, 2012 2.5 to l September 30, 2012 2.25 to 1 December 31, 2012 2.0 to 1 March 3l, 2013 4.25 l.75 to 1 June 30, 2013 4.00 to 1 September 30, 2013 3.75 to 1 December 31, 2013 3.50 to 1 March 31, 2014 3.50 to 1 June 30, 2014 3.25 to 1 September 30, 2014 3.00 to 1 December 31, 2014 2.75 to 1 March 31, 2015 2.50 to 1 June 30, 2015 2.25 to 1 September 30, 2015 2.00 to 1 December 31, 2015 2.00 to 1 March 31, 2016 1.75 to 1 June 30, 2016 1.50 to 1 September 30, 2016 1.25 to 1 December 31, 2016 1.00 to 1 March 31, 2017 0.75 to 1 June 30, 2017 and each Fiscal Quarter thereafter 0.50 to 1
Appears in 1 contract
Samples: Fourth Amendment (Access Integrated Technologies, Inc. D/B/a Cinedigm Digital Cinema Corp.)