Maximum Consolidated Total Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2025, permit the Consolidated Total Leverage Ratio as at the last day of any trailing twelve month period ending on the date set forth below to exceed the ratio set forth below opposite such quarter end:
Maximum Consolidated Total Leverage Ratio. Borrower shall not permit the Consolidated Total Leverage Ratio as of the last day of any Fiscal Quarter set forth below to exceed the correlative ratio indicated below: Period Maximum Consolidated Total Leverage Ratio 2nd Fiscal Quarter, Fiscal Year 2001 4.50:1.00 3rd Fiscal Quarter, Fiscal Year 2001 4.50:1.00 4th Fiscal Quarter, Fiscal Year 2001 4.50:1.00 1st Fiscal Quarter, Fiscal Year 2002 4.50:1.00 2nd Fiscal Quarter, Fiscal Year 2002 4.25:1.00 3rd Fiscal Quarter, Fiscal Year 2002 4.25:1.00 4th Fiscal Quarter, Fiscal Year 2002 4.25:1.00 1st Fiscal Quarter, Fiscal Year 2003 4.25:1.00 2nd Fiscal Quarter, Fiscal Year 2003 4.00:1.00 3rd Fiscal Quarter, Fiscal Year 2003 4.00:1.00 4th Fiscal Quarter, Fiscal Year 2003 3.75:1.00 1st Fiscal Quarter, Fiscal Year 2004 3.75:1.00 2nd Fiscal Quarter, Fiscal Year 2004 3.75:1.00 3rd Fiscal Quarter, Fiscal Year 2004 3.75:1.00 4th Fiscal Quarter, Fiscal Year 2004 3.50:1.00 1st Fiscal Quarter, Fiscal Year 2005 3.25:1.00 and each Fiscal Quarter thereafter
Maximum Consolidated Total Leverage Ratio. The Loan Parties shall not permit the Consolidated Total Leverage Ratio as of the last day of any Fiscal Quarter ending during any of the periods set forth below to exceed the correlative ratio indicated: Period Maximum Consolidated Total Leverage Ratio ------ ----------------------------------------- July 1, 2004 to June 30, 2005 6.0 to 1.0 July 1, 2005 to June 30, 2006 5.5 to 1.0 July 1, 2006 to June 30, 2007 5.0 to 1.0 July 1, 2007 to June 30, 2008 4.0 to 1.0 July 1, 2008 and thereafter 3.5 to 1.0
Maximum Consolidated Total Leverage Ratio. Maintain at all times a Consolidated Total Leverage Ratio not greater than 0.50 to 1.00.
Maximum Consolidated Total Leverage Ratio. Borrower shall not permit the Consolidated Total Leverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be greater than the levels set forth below. June 30, 2019 4.50:1.00 September 30, 2019 4.50:1.00 December 31, 2019 4.50:1.00 March 31, 2020 4.00:1.00 June 30, 2020 4.00:1.00 September 30, 2020 4.00:1.00 December 31, 2020 4.00:1.00 March 31, 2021 3.50:1.00 June 30, 2021 3.50:1.00 September 30, 2021 3.50:1.00 December 31, 2021 3.50:1.00 March 31, 2022 3.00:1.00 June 30, 2022 3.00:1.00 September 30, 2022 3.00:1.00 December 31, 2022 3.00:1.00 March 31, 2023 2.50:1.00
Maximum Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio of the Borrower and its Consolidated Subsidiaries as of the last day of any consecutive four fiscal quarter period ending on the dates identified below to be greater than the ratio set forth below opposite such date: Notwithstanding the foregoing, at the election of the Borrower, up to two times during the term of this Agreement, the maximum Consolidated Total Leverage Ratio set forth in the grid above may be increased to accommodate a Permitted Acquisition, as determined by the Borrower and as designated in the Compliance Certificate or earlier notice given by the Borrower in connection with such Permitted Acquisition (including for determining any ratios, baskets, representations and warranties or test any Default or Event of Default blocker pursuant to Section 1.08); provided, however, such increase will not otherwise go into effect until the closing of such Permitted Acquisition; provided, further, that (i) such increase shall only apply for a period of twelve months from and after such Permitted Acquisition and immediately upon the expiration of such twelve month period, the required maximum Consolidated Total Leverage Ratio shall revert to the level set forth above for the measurement period in which such step down occurs; (ii) in no event shall the maximum Consolidated Total Leverage Ratio after giving effect to any such step-up exceed 5.00 to 1.00; and (iii) the maximum amount that any Consolidated Total Leverage Ratio covenant level may step-up during any Consolidated Total Leverage Ratio measurement period is 0.50.
Maximum Consolidated Total Leverage Ratio. Issuer shall not have, on the last day of each Fiscal Quarter, a Consolidated Total Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter:
Maximum Consolidated Total Leverage Ratio. For each period below, the Parent will not permit the Consolidated Total Leverage Ratio for such period to be greater than the correlative ratio indicated: The four Fiscal Quarter period ending on or about March 31, 2013 4.40 to 1.00 The four Fiscal Quarter period ending on or about June 30, 2013 3.90 to 1.00 The four Fiscal Quarter period ending on or about September 30, 2013 3.80 to 1.00 The four Fiscal Quarter period ending on or about December 31, 2013 3.90 to 1.00 The four Fiscal Quarter period ending on or about March 31, 2014 3.60 to 1.00 The four Fiscal Quarter period ending on or about June 30, 2014 3.40 to 1.00 The four Fiscal Quarter period ending on or about September 30, 2014 3.20 to 1.00 The four Fiscal Quarter period ending on or about December 31, 2014 2.90 to 1.00 The four Fiscal Quarter period ending on or about March 31, 2015 2.70 to 1.00
Maximum Consolidated Total Leverage Ratio. The Borrower will cause the Consolidated Total Leverage Ratio to be (a) less than 4.00 to 1.00 at all times during the period from the Effective Date to and including June 30, 2008 and (b) less than 3.75 to 1.00 at all times thereafter.
Maximum Consolidated Total Leverage Ratio. The Borrower will not permit the Consolidated Total Leverage Ratio for any fiscal quarter of the Borrower set forth below to be greater than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2017 5.25:1.00 March 31, 2018 5.25:1.00 June 30, 2018 5.25:1.00 September 30, 2018 5.00:1.00 December 31, 2018 4.75:1.00 March 31, 2019 4.50:1.00 June 30, 2019 4.25:1.00 September 30, 2019 and each fiscal quarter thereafter 4.00:1.00
