Maximum Lease Adjusted Leverage Ratio Sample Clauses

Maximum Lease Adjusted Leverage Ratio. The Loan Parties and their Subsidiaries shall have on a consolidated basis as of the end of each Fiscal Quarter, a Lease Adjusted Leverage Ratio for the four Fiscal Quarters then ended, of not more than the following with respect to the Fiscal Quarter set forth opposite each such ratio below: Fiscal Quarter (ended on or about) Maximum Ratio March 31, 2012 6.40:1.00 June 30, 2012 6.40:1.00 September 30, 2012 6.20:1.00 December 31, 2012 6.15:1.00 March 31, 2013 6.10:1.00 June 30, 2013 6.10:1.00 September 30, 2013 6.10:1.00 December 31, 2013 6.10:1.00 March 31, 2014 6.10:1.00 June 30, 2014 6.00:1.00 September 30, 2014 5.80:1.00 December 31, 2014 5.75:1.00 March 31, 2015 5.70:1.00 June 30, 2015 5.60:1.00 September 30, 2015 5.40:1.00 December 31, 2015 and the last day of each Fiscal Quarter thereafter 5.30:1.00
Sample 1
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Maximum Lease Adjusted Leverage Ratio. Maintain a Lease Adjusted Leverage Ratio measured as at the last day of each Fiscal Quarter, of not greater than 4.00 to 1.00.
Sample 1
Maximum Lease Adjusted Leverage Ratio. The Borrower shall not permit the ratio (the "LEASE ADJUSTED LEVERAGE RATIO") of (i) the sum of (a) Total Debt PLUS (b) an amount equal to eight (8) times Rentals for the four-quarter period ending on such day to (ii) the sum of (a) EBITDA PLUS (b) Rentals to be greater than the ratio set forth below at the end of the fiscal quarter ending on the corresponding date set forth below:
Sample 1
Maximum Lease Adjusted Leverage Ratio. The Borrower shall not permit the ratio (the "Lease Adjusted Leverage Ratio") of (i) the sum of (a) Total Debt plus (b) an amount equal to eight (8) times Rentals for the four-quarter period ending on such day to (ii) the sum of (a) EBITDA plus (b) Rentals to be greater than the ratio set forth below at the end of the fiscal quarter ending on the corresponding date set forth below: Quarter(s) Ending Ratio September 14, 2002 5.75 to 1.00 January 4, 2003 5.50 to 1.00 March 29, 2003 through June 21, 2003 5.00 to 1.00 September 13, 2003 through March 27, 2004 4.75 to 1.00 June 19, 2004 through March 6, 2005 4.25 to 1.00 June 18, 2005 through March 25, 2006 4.00 to 1.00 June 17, 2006 and each quarter thereafter 3.75 to 1.00 The Lease Adjusted Leverage Ratio shall be calculated, in each case, determined as of the last day of each fiscal quarter based upon (a) for Total Debt, Total Debt as of the last day of each such fiscal quarter; and (b) for EBITDA and Rentals, the actual amount for the four-quarter period ending on such day, calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical financial statements obtained from the seller, broken down by fiscal quarter in the Borrower's reasonable judgment (the amounts from which shall be unadjusted unless adjustments thereto shall have been approved in writing by the Agents).
Sample 1
Maximum Lease Adjusted Leverage Ratio. The Borrower shall not permit the ratio (the "Lease Adjusted Leverage Ratio") of (i) the sum of (a) Total Debt plus (b) an amount equal to eight (8) times Rentals for the four-quarter period ending on such day to (ii) the sum of (a) EBITDA plus (b) Rentals to be greater than the ratio set forth below at the end of the fiscal quarter ending on the corresponding date set forth below:
Sample 1
Maximum Lease Adjusted Leverage Ratio. For the period ending with Fiscal Period No. 13 of 2002, the Borrower shall maintain a Lease Adjusted Leverage Ratio of not greater than 3.0 to 1.0, measured on a rolling thirteen Fiscal Period basis. Thereafter, the Borrower will maintain a Lease Adjusted Leverage Ratio of not greater than the ratios set forth below measured on a rolling thirteen Fiscal Period basis as of the last day of each Fiscal Period 3, 6, 9 and 13 during the calendar years set forth below: 2003 3.0 to 1.0; and 2004 and thereafter 2.5 to 1.0.
Sample 1
Maximum Lease Adjusted Leverage Ratio. Ultimate Parent Co-Borrower agrees with the Administrative Agent and each Revolving Credit Lender, Term Loan Lender, Swing Loan Lender and Issuer that it shall have, on the last day of each Fiscal Quarter set forth below, a Lease Adjusted Leverage Ratio of not more than the maximum ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ending Closest To Maximum Lease Adjusted Leverage Ratio December 28, 2008 5.50 to 1 March 31, 2009 5.50 to 1 June 30, 2009 5.50 to 1 September 30, 2009 5.25 to 1 January 3, 2010 5.25 to 1 March 31, 2010 5.00 to 1 June 30, 2010 5.00 to 1 September 30, 2010 4.75 to 1 January 2, 2011 4.75 to 1 March 31, 2011 4.75 to 1 June 30, 2011 4.75 to 1 September 30, 2011 4.75 to 1 January 1, 2012 4.75 to 1 March 31, 2012 4.75 to 1 June 30, 2012 4.75 to 1
Sample 1
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Maximum Lease Adjusted Leverage Ratio. The Lease Adjusted Leverage Ratio of the Borrower for the period ending December 31, 2002 shall not be greater than 3.5 to 1.0. Thereafter, the Borrower shall maintain a Lease Adjusted Leverage Ratio not greater than the ratios set forth below, measured on a rolling thirteen Fiscal Period basis, for the periods set forth below: End of 1st Quarter of 2003 3.5 to 1.0 End of 2nd Quarter of 2003 3.25 to 1.0 End of 3rd Quarter of 2003 3.0 to 1.0 End of 4th Quarter of 2003 2.75 to 1.0
Sample 1
Maximum Lease Adjusted Leverage Ratio. As of the end of each fiscal quarter, commencing with the fiscal quarter ending on March 31, 2014, in each period described below, the Lease Adjusted Leverage Ratio for the Reference Period then ended shall not exceed the ratio set forth below opposite such period: Period: Maximum Lease Adjusted Leverage Ratio: March 31, 2014 through and including December 31, 2014 4.75 to 1.00 March 31, 2015 through and including December 31, 2015 4.50 to 1.00 March 31, 2016 through and including December 31, 2016 4.25 to 1.00 March 31, 2017 through and including December 31, 2017 4.00 to 1.00 March 31, 2018 and thereafter 3.50 to 1.00
Sample 1

Related to Maximum Lease Adjusted Leverage Ratio

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Maximum Unencumbered Leverage Ratio As of the last day of any fiscal quarter, the Unencumbered Leverage Ratio to exceed sixty percent (60%); provided that, if any Material Acquisition shall occur and the Unencumbered Leverage Ratio shall have been less than sixty percent (60%) for at least one full fiscal quarter immediately preceding the proposed Unencumbered Leverage Ratio Covenant Holiday, then, at the election of the Borrower upon delivery of prior written notice to the Administrative Agent, concurrently with or prior to the delivery of a Compliance Certificate pursuant to Section 7.02(a), and provided that no Default or Event of Default shall have occurred and be continuing, the maximum Unencumbered Leverage Ratio covenant level shall be increased to sixty-five (65%) for the fiscal quarter in which such Material Acquisition is consummated and the three (3) fiscal quarters immediately following the fiscal quarter in which such Material Acquisition is consummated (any such increase an “Unencumbered Leverage Ratio Covenant Holiday”); provided further that not more than two (2) Unencumbered Leverage Ratio Covenant Holidays may be elected by the Borrower during the term of this Agreement;

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

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