Common use of Maximum Consolidated Total Leverage Ratio Clause in Contracts

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. Borrower shall Holdings will not permit the Consolidated Total Leverage Ratio, determined as at Ratio for any Test Period ending on the end last day of each fiscal quarter, commencing with the a fiscal quarter ending June 30, 2019, of the Borrower described below to be greater than the levels ratio set forth opposite such fiscal quarter below. : June 30, 2019 4.50:1.00 2004 5.20:1.00 September 30, 2019 4.50:1.00 2004 5.20:1.00 December 31, 2019 4.50:1.00 2004 5.20:1.00 March 31, 2020 4.00:1.00 2005 5.20:1.00 June 30, 2020 4.00:1.00 2005 4.95:1.00 September 30, 2020 4.00:1.00 2005 4.95:1.00 December 31, 2020 4.00:1.00 2005 4.70:1.00 March 31, 2021 3.50:1.00 2006 4.70:1.00 June 30, 2021 3.50:1.00 2006 4.45:1.00 September 30, 2021 3.50:1.00 2006 4.45:1.00 December 31, 2021 3.50:1.00 2006 4.20:1.00 March 31, 2022 3.00:1.00 2007 4.20:1.00 June 30, 2022 3.00:1.00 2007 3.95:1.00 September 30, 2022 3.00:1.00 2007 3.95:1.00 December 31, 2022 3.00:1.00 2007 3.70:1.00 March 31, 2023 2.50:1.002008 3.70:1.00 June 30, 2008 3.70:1.00 September 30, 2008 and at all times thereafter 3.45:1.00

Maximum Consolidated Total Leverage Ratio. The Borrower shall will not permit the Consolidated Total Leverage Ratio, determined as Ratio at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, any time during a period set forth below to be greater than the levels ratio set forth opposite such period below. : September 30, 2003 through but not including the Fourth Amendment Effective Date 5.75:1.00 The Fourth Amendment Effective Date through and including March 30, 2004 5.60:1.00 March 31, 2004 through and including June 29, 2004 5.45:1.00 June 30, 2019 2004 through and including September 29, 2004 5.25:1.00 September 30, 2004 through and including December 30, 2004 5.00:1.00 December 31, 2004 through and including June 29, 2005 4.75:1.00 June 30, 2005 through and including September 29, 2005 4.50:1.00 September 30, 2019 4.50:1.00 2005 through and including December 30, 2005 4.25:1.00 December 31, 2019 4.50:1.00 2005 through and including March 31, 2020 4.00:1.00 June 30, 2020 4.00:1.00 September 30, 2020 4.00:1.00 December 31, 2020 2006 4.00:1.00 March 31, 2021 3.50:1.00 2006 through and including June 29, 2006 3.75:1.00 June 30, 2021 3.50:1.00 September 2006 through and including December 30, 2021 2006 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 2.50:1.00Thereafter 3.00:1.00

Maximum Consolidated Total Leverage Ratio. Borrower For so long as any Lender shall not have any Revolving Credit Commitments or Revolving Credit Loans outstanding, permit the Consolidated Total Leverage Ratio, determined Ratio as at of the end last date of each fiscal quarter, commencing with the any four-fiscal quarter period of the Borrower ending on the date set forth below to be more than the ratio set forth opposite the last date of such four-fiscal quarter period below: September 30, 2007 5.50:1.00 December 31, 2007 5.25:1.00 March 31, 2008 5.00:1.00 June 30, 2019, to be greater than the levels set forth below. June 30, 2019 4.50:1.00 2008 4.75:1.00 September 30, 2019 2008 4.50:1.00 December 31, 2019 4.50:1.00 2008 4.25:1.00 March 31, 2020 2009 4.00:1.00 June 30, 2020 2009 4.00:1.00 September 30, 2020 2009 4.00:1.00 December 31, 2020 2009 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 2.50:1.002010 and thereafter 3.50:1.00