Common use of Maximum Consolidated Total Leverage Ratio Clause in Contracts

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

Appears in 2 contracts

Samples: Credit Agreement (Welbilt, Inc.), Credit Agreement

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Maximum Consolidated Total Leverage Ratio. The Borrower will ----------------------------------------- not permit the Consolidated Total Leverage Ratio for at any fiscal quarter of the Borrower time during a period set forth below to be greater than or equal to the ratio set forth opposite such fiscal quarter period below: Fiscal Quarter Ending Period Ratio ------ --------- Initial Borrowing Date through and including September 29, 2002 3.50:1.00 September 30, 2002 through and including December 30, 2003 3.25:1.00 December 31, 2017 5.25:1.00 March 31, 2018 5.25:1.00 June 2003 through and including December 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 4.00:1.002004 3.00:1.00 Thereafter 2.85:1.00

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

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 March 31, 2016 June 30, 2016 September 30, 2016 December 31, 2016 6.25:1.006.25:1.006.00:1.005.75:1.00 March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 5.25:1.00 5.50:1.005.25:1.005.00:1.004.75:1.00 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 4.00:1.004.50:1.004.25:1.004.00:1.00

Appears in 1 contract

Samples: Escrow Agreement (Manitowoc Foodservice, Inc.)

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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 March 31, 2016 6.25:1.00 June 30, 2016 6.25:1.00 September 30, 2016 6.00:1.00 December 31, 2016 5.75:1.00 March 31, 2017 5.50:1.00 June 30, 2017 5.25:1.00 September 30, 2017 5.00:1.00 December 31, 2017 5.25:1.00 4.75:1.00 March 31, 2018 5.25:1.00 4.50:1.00 June 30, 2018 5.25:1.00 4.25:1.00 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

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Foodservice, Inc.)

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