Common use of Maximum Leverage Ratio Clause in Contracts

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or after the Restatement Effective Date, of (i) Consolidated Net Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group on a consolidated basis, to be greater than 2.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2017, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 4.75 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will shall not at any time permit the ratio (of the “Leverage Ratio”), determined Total Indebtedness of the Company and its Subsidiaries calculated as of the end of each of its fiscal quarters ending on or after the Restatement Effective Date, of (i) Consolidated Net Indebtedness quarter to (ii) Consolidated EBITDA for the period of immediately preceding four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group on a consolidated basis, to be greater than 2.50 3.0 to 1.00.1.0:

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”)ratio, determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 4, 2006, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.5 to 1.001.0.

Maximum Leverage Ratio. The Parent and the Company Borrower will not permit the ratio (the “Leverage Ratio”)ratio, determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 4, 2006, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Borrower and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.5 to 1.001.0.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”)ratio, determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateFebruary 27, 2010, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.5 to 1.001.0.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 31, 2011, of (i) Consolidated Net Total Indebtedness minus Qualified Cash as of the end of such fiscal quarter to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 4.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2015, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.25 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJuly 30, 2011, of (i) Consolidated Net Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group on a consolidated basis, to be greater than 2.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2007, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “"Leverage Ratio”"), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateSeptember 30, 2007, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateSeptember 30, 2011, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”)ratio, determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 3, 2012, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.5 to 1.001.0.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateDecember 31, 2010, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 31, 2011, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateSeptember 27, 2014, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateSeptember 30, 2015, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateAugust 31, 2010, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.75 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2015, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 4.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 31, 2012, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateDecember 31, 2015, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.25 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or after the Restatement Effective Datequarters, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 (x) upon the exercise of the Leverage Ratio Increase Option by the Company, 4.00 to 1.00 and (y) at any other time, 3.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2017, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 4.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateDecember 31, 2007, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2011, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateSeptember 29, 2012, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateDecember 31, 2014, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2008, of (i) Consolidated Net Funded Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2011, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.25 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJanuary 31, 2011, of (i) Consolidated Net Total Funded Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quartermost recently ended, taken as a single period, all calculated for the Group Company and its Subsidiaries on a consolidated basisbasis based on the quarterly compliance certificate most recently delivered pursuant to Section 7.2, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateSeptember 30, 2008, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateDecember 31, 2012, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.25 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateJune 30, 2014, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.25 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or after the Restatement Effective DateJune 27, 2009, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.50 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 31, 2008, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.00 to 1.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”)ratio, determined as of the end of each of its fiscal quarters ending on or and after the Restatement Effective DateMarch 25, 2006, of (i) Consolidated Net Total Indebtedness as of the last day of such fiscal quarter to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarterquarter (such ratio, the “Total Leverage Ratio”), all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 to 1.00.than:

Maximum Leverage Ratio. The Parent and the Company will not permit the ratio (the “Leverage Ratio”)ratio, determined as of the end of each of its fiscal quarters ending on or after the Restatement Effective Datequarters, of (i) Consolidated Net Total Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Group Company and its Subsidiaries on a consolidated basis, to be greater than 2.50 3.5 to 1.001.0.