Common use of Maximum Leverage Ratio Clause in Contracts

Maximum Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after March 4, 2006, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 to 1.0.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062017, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 4.75 to 1.01.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and or after March 4, 2006the Restatement Effective Date, of (i) Consolidated Total Net Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries Group on a consolidated basis, to be greater than 3.5 2.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 431, 20062011, of (i) Consolidated Total Indebtedness minus Qualified Cash as of the end of such fiscal quarter to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 4.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after March 4February 27, 20062010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 to 1.0.

Maximum Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after March 4, 2006quarters, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 to 1.0.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company Holdings will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4, 2006July 2 2011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company Holdings and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 20062014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4January 31, 20062011, of (i) Consolidated Total Funded Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quartermost recently ended, taken as a single period, all calculated for the 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 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratio(on a consolidated basis) shall not, determined as of the end of each any fiscal quarter, permit its consolidated ratio of its (a) total Indebtedness as of such date to (b) the sum of Consolidated EBIT plus depreciation and amortization expense (the “Leverage Ratio”) for the period of four prior fiscal quarters ending on and after March 4, 2006, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, date to be greater more than 3.5 to 1.0.The Toro Company Note Purchase Agreement

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4September 30, 20062011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 20062015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.25 to 1.01.00.

Maximum Leverage Ratio. The Parent and the Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4July 30, 20062011, of (i) Consolidated Total Net Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries Group on a consolidated basis, to be greater than 3.5 2.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4September 30, 20062017, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00; provided that to the extent that an Increased Leverage Period is in effect, then the Leverage Ratio shall not be greater than 4.00 to 1.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 431, 20062012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.25 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4September 30, 20062015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after March 43, 20062012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 to 1.0.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062017, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 4.50 to 1.01.00.

Maximum Leverage Ratio. The Company Borrower will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4January 31, 20062015, of (i) Consolidated Total Funded Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company Borrower and its Subsidiaries on a consolidated basisbasis based on the quarterly compliance certificate most recently delivered pursuant to Section 5.01(c), to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.25 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 431, 20062008, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4September 27, 20062014, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 431, 20062017, of (iA) Consolidated Total Indebtedness to (iiB) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00; provided that to the extent that an Increased Leverage Period is in effect, then the Leverage Ratio shall not be greater than 4.00 to 1.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4September 29, 20062012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 4.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 431, 20062011, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062015, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.25 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062007, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 30, 20062008, of (i) Consolidated Total Funded Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4September 30, 20062008, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company Borrower will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 2006, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company Borrower and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.0 to 1.0.

Maximum Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after March 425, 2006, of (i) Consolidated Total Indebtedness as of the last day of such fiscal quarter to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarterquarter (such ratio, the “Total Leverage Ratio”), all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 to 1.0.than:

Maximum Leverage Ratio. The Company will not permit the ratioratio (the "Leverage Ratio"), determined as of the end of each of its fiscal quarters ending on and after March 4September 30, 20062007, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company Borrower will not permit the ratioratio (the "Leverage Ratio"), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 20062004, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company Borrower and its Subsidiaries on a consolidated basis, to be greater than 3.5 2.50 to 1.0.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 20062010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4June 27, 20062009, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.50 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 20062007, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.00 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4December 31, 20062012, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.25 to 1.01.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4, 2006quarters, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 (x) upon the exercise of the Leverage Ratio Increase Option by the Company, 4.00 to 1.01.00 and (y) at any other time, 3.50 to 1.00.

Maximum Leverage Ratio. The Company will not permit the ratioratio (the “Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after March 4August 31, 20062010, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of 4 four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Company and its Subsidiaries on a consolidated basis, to be greater than 3.5 3.75 to 1.01.00.