Common use of Maximum Consolidated Senior Leverage Ratio Clause in Contracts

Maximum Consolidated Senior Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, a Consolidated Senior Leverage Ratio greater than the maximum ratio set forth opposite the applicable Fiscal Quarter: Fiscal Quarter Ending Maximum Consolidated Senior Leverage Ratio June 30, 2007 10.5 to 1 September 30, 2007 9.0 to 1 December 31, 2007 7.5 to 1 March 31, 2008 6.25 to 1 June 30, 2008 5.0 to 1 September 30, 2008 4.5 to 1 December 31, 2008 4.25 to 1 March 31, 2009 3.75 to 1 June 30, 2009 3.75 to 1 September 30, 2009 3.75 to 1 December 31, 2009 3. 5 to 1 March 31, 2010 3.25 to 1 June 30, 2010 3.25 to 1 September 30, 2010 3.0 to 1 December 31, 2010 2.75 to 1 March 31, 2011 2.25 to 1 June 30, 2011 2.25 to 1 September 30, 2011 2.0 to 1 December 31, 2011 2.0 to 1 March 31, 2012 1.5 to 1 June 30, 2012 1.5 to 1 September 30, 2012 1.25 to 1 December 31, 2012 1.0 to 1 March 31, 2013 0.75 to 1 June 30, 2013 0.5 to 1

Appears in 1 contract

Samples: Access Integrated Technologies Inc

AutoNDA by SimpleDocs

Maximum Consolidated Senior Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, a permit the Consolidated Senior Leverage Ratio greater than as of the maximum ratio last day of any Fiscal Quarter ending during any of the periods set forth opposite below to exceed the applicable Fiscal Quartercorrelative ratio indicated: Fiscal Quarter Ending Maximum Consolidated Senior Leverage Ratio MAXIMUM CONSOLIDATED PERIOD SENIOR LEVERAGE RATIO ------ --------------------- July 1, 2005 to December 31, 2005 4.00 to 1.0 January 1, 2006 to June 30, 2007 10.5 2006 3.75 to 1 September 301.0 July 1, 2006 to December 31, 2006 3.50 to 1.0 January 1, 2007 9.0 to 1 December 31, 2007 7.5 3.25 to 1 March 311.0 January 1, 2008 6.25 to 1 June 30, 2008 5.0 to 1 September 30, 2008 4.5 to 1 December 31, 2008 4.25 2.75 to 1 March 311.0 January 1, 2009 3.75 and thereafter 2.50 to 1 June 30, 2009 3.75 to 1 September 30, 2009 3.75 to 1 December 31, 2009 3. 5 to 1 March 31, 2010 3.25 to 1 June 30, 2010 3.25 to 1 September 30, 2010 3.0 to 1 December 31, 2010 2.75 to 1 March 31, 2011 2.25 to 1 June 30, 2011 2.25 to 1 September 30, 2011 2.0 to 1 December 31, 2011 2.0 to 1 March 31, 2012 1.5 to 1 June 30, 2012 1.5 to 1 September 30, 2012 1.25 to 1 December 31, 2012 1.0 to 1 March 31, 2013 0.75 to 1 June 30, 2013 0.5 to 11.0

Appears in 1 contract

Samples: Credit Agreement (Directed Electronics, Inc.)

Maximum Consolidated Senior Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, a Permit the Consolidated Senior Leverage Ratio greater as of the end of any fiscal quarter of the Borrower to be more than the maximum ratio set forth opposite the applicable Fiscal Quartersuch fiscal quarter below: Fiscal ----------------------------------------------------- Quarter Ending Maximum Consolidated Senior Leverage Ratio ----------------------------------------------------- December 31, 2004 2.75:1.0 March 31, 2005 2.50:1.0 June 30, 2005 2.50:1.0 September 30, 2005 2.50:1.0 December 31, 2005 2.00:1.0 March 31, 2006 2.00:1.0 June 30, 2006 2.00:1.0 September 30, 2006 2.00:1.0 December 31, 2006 1.75:1.0 March 31, 2007 1.75:1.0 June 30, 2007 10.5 to 1 1.75:1.0 September 30, 2007 9.0 to 1 December 31, 2007 7.5 to 1 March 31, 2008 6.25 to 1 June 30, 2008 5.0 to 1 September 30, 2008 4.5 to 1 December 31, 2008 4.25 to 1 March 31, 2009 3.75 to 1 June 30, 2009 3.75 to 1 September 30, 2009 3.75 to 1 December 31, 2009 3. 5 to 1 March 31, 2010 3.25 to 1 June 30, 2010 3.25 to 1 September 30, 2010 3.0 to 1 December 31, 2010 2.75 to 1 March 31, 2011 2.25 to 1 June 30, 2011 2.25 to 1 September 30, 2011 2.0 to 1 December 31, 2011 2.0 to 1 March 31, 2012 1.5 to 1 June 30, 2012 1.5 to 1 September 30, 2012 1.25 to 1 December 31, 2012 1.0 to 1 March 31, 2013 0.75 to 1 June 30, 2013 0.5 to 1and thereafter 1.75:1.0 -----------------------------------------------------

Appears in 1 contract

Samples: Credit Agreement (Advanced Medical Optics Inc)

AutoNDA by SimpleDocs

Maximum Consolidated Senior Leverage Ratio. The Borrower shall not have, during any Fiscal Quarter set forth below, a Permit the Consolidated Senior Leverage Ratio greater as of the end of any fiscal quarter of the Borrower to be more than the maximum ratio set forth opposite the applicable Fiscal Quartersuch fiscal quarter below: Fiscal Quarter Ending Maximum Consolidated Senior Leverage Ratio QUARTER ENDING RATIO -------------- ----- September 30, 2004 2.75:1.0 December 31, 2004 2.75:1.0 March 31, 2005 2.50:1.0 June 30, 2005 2.50:1.0 September 30, 2005 2.50:1.0 December 31, 2005 2.00:1.0 100 QUARTER ENDING RATIO -------------- ----- March 31, 2006 2.00:1.0 June 30, 2006 2.00:1.0 September 30, 2006 2.00:1.0 December 31, 2006 1.75:1.0 March 31, 2007 1.75:1.0 June 30, 2007 10.5 to 1 1.75:1.0 September 30, 2007 9.0 to 1 December 31, 2007 7.5 to 1 March 31, 2008 6.25 to 1 June 30, 2008 5.0 to 1 September 30, 2008 4.5 to 1 December 31, 2008 4.25 to 1 March 31, 2009 3.75 to 1 June 30, 2009 3.75 to 1 September 30, 2009 3.75 to 1 December 31, 2009 3. 5 to 1 March 31, 2010 3.25 to 1 June 30, 2010 3.25 to 1 September 30, 2010 3.0 to 1 December 31, 2010 2.75 to 1 March 31, 2011 2.25 to 1 June 30, 2011 2.25 to 1 September 30, 2011 2.0 to 1 December 31, 2011 2.0 to 1 March 31, 2012 1.5 to 1 June 30, 2012 1.5 to 1 September 30, 2012 1.25 to 1 December 31, 2012 1.0 to 1 March 31, 2013 0.75 to 1 June 30, 2013 0.5 to 1and thereafter 1.75:1.0

Appears in 1 contract

Samples: Credit Agreement (Advanced Medical Optics Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.