Common use of Maximum Consolidated Senior Leverage Ratio Clause in Contracts

Maximum Consolidated Senior Leverage Ratio. TPR shall not have, on the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending on June 30, 2012, a Consolidated Senior Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED SENIOR LEVERAGE RATIO June 30, 2012 4.0 to 1 September 30, 2012 5.2 to 1 December 31, 2012 4.0 to 1 March 31, 2013 1.25 to 1 June 30, 2013 through and including March 31, 2014 1.00 to 1 June 30, 2014 0.75 to 1 September 30, 2014 0.50 to 1

Maximum Consolidated Senior Leverage Ratio. TPR shall not have, on the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending on June 30, 2012, a Consolidated Senior Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED SENIOR LEVERAGE RATIO June 30, 2012 4.0 2010 2.50 to 1 September 30, 2010 through and including June 30, 2011 2.25 to 1 September 30, 2011 through and including December 31, 2011 2.00 to 1 March 31, 2012 5.2 1.75 to 1 June 30, 2012 through and including September 30, 2012 1.50 to 1 December 31, 2012 4.0 to 1 through and including March 31, 2013 1.25 to 1 June 30, 2013 through and including March 31, 2014 1.00 to 1 June 30, 2014 0.75 to 1 September 30, 2014 0.50 to 11 67 AMENDED AND RESTATED CREDIT AGREEMENT THE PRINCETON REVIEW, INC.

Maximum Consolidated Senior Leverage Ratio. TPR Borrower shall not have, on the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending on June 30, 2012, a Consolidated Senior Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: FISCAL QUARTER ENDING MAXIMUM CONSOLIDATED SENIOR LEVERAGE RATIO December 31, 2010 through and including September 30, 2011 2.25 to 1 December 31, 2011 2.10 to 1 March 31, 2012 1.75 to 1 June 30, 2012 4.0 to 1 through and including September 30, 2012 5.2 1.50 to 1 December 31, 2012 4.0 to 1 through and including March 31, 2013 1.25 to 1 June 30, 2013 through and including March 31, 2014 1.00 to 1 June 30, 2014 0.75 to 1 September 30, 2014 0.50 to 1