Common use of Maximum First Lien Net Leverage Ratio Clause in Contracts

Maximum First Lien Net Leverage Ratio. Without the prior written consent of the Required Revolving Lenders, permit the First Lien Net Leverage Ratio (calculated on a Pro Forma Basis), as of the last day of any fiscal quarter (but only if, on the last day of such fiscal quarter, the Total Revolving 150 Credit Outstandings (exclusive of (x) all Cash Collateralized L/C Obligations and (y) the aggregate amount available to be drawn under all Letters of Credit that have not been Cash Collateralized in an amount not exceeding $2,500,000) is in excess of the Covenant Trigger Amount), to be greater than 6.60:1.00.

Maximum First Lien Net Leverage Ratio. Without the prior written consent of the Required Revolving Lenders, permit the First Lien Net Leverage Ratio (calculated on a Pro Forma Basis), as of the last day of any fiscal quarter (but only if, on the last day of such fiscal quarter, the Total Revolving 150 Credit Outstandings (exclusive of (x) all Cash Collateralized L/C Obligations and (y) the aggregate amount available to be drawn under all Letters of Credit that have not been Cash Collateralized in an amount not exceeding $2,500,000) is in excess of the Covenant Trigger Amount), to be greater than 6.60:1.006.60:1.007.40:1.00 .

Maximum First Lien Net Leverage Ratio. Without the prior written consent of the Required Revolving Lenders, commencing with the first full fiscal quarter ending after the Closing Date, permit the First Lien Net Leverage Ratio (calculated on a Pro Forma Basis), as of the last day of any such fiscal quarter (but only if, on the last day of such fiscal quarter, the Total Revolving 150 Credit Outstandings (exclusive of excluding (xi) all Cash Collateralized L/C Obligations that have been Cash Collateralized and (yii) the aggregate amount available to be drawn under all Letters of Credit L/C Obligations that have not been Cash Collateralized in an amount not exceeding to exceed $2,500,0005,000,000) is in excess of the Covenant Trigger Amount), to be greater than 6.60:1.006.20:1.00.

Maximum First Lien Net Leverage Ratio. Without the prior written consent of the Required Revolving Lenders, permit the First Lien Net Leverage Ratio (calculated on a Pro Forma Basis), as of the last day of any fiscal quarter (but only if, on the last day of such fiscal quarter, the Total Revolving 150 Credit Outstandings (exclusive of (x) all Cash Collateralized L/C Obligations and (y) the aggregate amount available to be drawn under all Letters of Credit that have not been Cash Collateralized in an amount not exceeding $2,500,000) is in excess of the Covenant Trigger Amount), to be greater than 6.60:1.00.