Common use of Maximum Consolidated Senior Secured Leverage Ratio Clause in Contracts

Maximum Consolidated Senior Secured Leverage Ratio. Manitowoc shall cause the Consolidated Senior Secured Leverage Ratio at all times during the fiscal quarters of Manitowoc set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 30, 2014September 30, 2014December 31, 2014 March 31, 2015June 30, 2015September 30, 2015December 31, 2015 March 31, 2016,and thereafter 3.50:1.003.50:1.003.50:1.003.25:1.00 3.25:1.003.25:1.003.25:1.003.25:1.00 3.00:1.00

Maximum Consolidated Senior Secured Leverage Ratio. Manitowoc shall The Borrower will cause the Consolidated Senior Secured Leverage Ratio at all times during the fiscal quarters of Manitowoc the Borrower set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2010 March 31, 2014June 2011 5.00:1.00 5.00:1.00 June 30, 2014September 2011 September 30, 2014December 2011 December 31, 2014 2011 March 31, 2015June 2012 5.00:1.00 5.00:1.00 4.25:1.00 4.25:1.00 June 30, 2015September 2012 September 30, 2015December 2012 December 31, 2015 2012 March 31, 2016,and 2013 4.00:1.00 3.75:1.00 3.50:1.00 3.25:1.00 June 30, 2013 September 30, 2013 December 31, 2013, and thereafter 3.50:1.003.50:1.003.50:1.003.25:1.00 3.25:1.003.25:1.003.25:1.003.25:1.00 3.25:1.00 3.25:1.00 3.00:1.00

Maximum Consolidated Senior Secured Leverage Ratio. Manitowoc shall cause the Consolidated Senior Secured Leverage Ratio at all times during the fiscal quarters of Manitowoc set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 30, 2014September 30, 2014December 31, 2014 March 31, 2015June 30, 2015September 30, 2015December 31, 2015 March 31, 2016,and thereafter 3.50:1.003.50:1.003.50:1.003.25:1.00 3.25:1.003.25:1.003.25:1.003.25:1.00 3.00:1.003.00:100

Maximum Consolidated Senior Secured Leverage Ratio. Manitowoc shall The Borrower will cause the Consolidated Senior Secured Leverage Ratio at all times during the fiscal quarters of Manitowoc the Borrower set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2013 3.50:1.00 March 31, 2014June 2014 3.50:1.00 June 30, 2014September 2014 3.50:1.00 September 30, 2014December 2014 3.50:1.00 December 31, 2014 3.25:1.00 March 31, 2015June 2015 3.25:1.00 June 30, 2015September 2015 3.25:1.00 September 30, 2015December 2015 3.25:1.00 December 31, 2015 3.25:1.00 March 31, 2016,and 2016 and thereafter 3.50:1.003.50:1.003.50:1.003.25:1.00 3.25:1.003.25:1.003.25:1.003.25:1.00 3.00:1.00

Maximum Consolidated Senior Secured Leverage Ratio. Manitowoc shall The Borrower will cause the Consolidated Senior Secured Leverage Ratio at all times during the fiscal quarters of Manitowoc the Borrower set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2010 4.50:1.00 March 31, 2014June 2011 4.50:1.00 June 30, 2014September 2011 4.50:1.00 September 30, 2014December 2011 4.50:1.00 December 31, 2014 2011 4.125:1.00 March 31, 2015June 2012 4.00:1.00 June 30, 2015September 2012 3.75:1.00 September 30, 2015December 2012 3.50:1.00 December 31, 2015 2012 3.25:1.00 March 31, 2016,and thereafter 3.50:1.003.50:1.003.50:1.003.25:1.00 3.25:1.003.25:1.003.25:1.003.25:1.00 3.00:1.002013 3.25:1.00 June 30, 2013 3.25:1.00 September 30, 2013 3.25:1.00 December 31, 2013, 3.00:1.00 and thereafter