Maximum Net Leverage Ratio. The Borrower hereby covenants and agrees that the Loan Parties and their Subsidiaries will maintain a Net Leverage Ratio, calculated for the four (4) fiscal quarter period ending on the last day of the fiscal quarter most recently ended on or after March 31, 2022, of less than or equal to 7.00 to 1.00.
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Samples: Term Loan Credit Agreement (Team Inc), Term Loan Credit Agreement (Team Inc), Term Loan Credit Agreement (Team Inc)
Maximum Net Leverage Ratio. The Borrower hereby covenants and agrees that the Loan Parties and their Subsidiaries will maintain a Net Leverage Ratio, calculated Ratio for the four (4) fiscal quarter period ending on June 30, 2023, and for each four (4) fiscal quarter period ending on the last day of the each fiscal quarter most recently ended on or after March 31, 2022thereafter, of less than or equal to 7.00 to 1.00.
Appears in 2 contracts
Samples: Unsecured Term Loan Credit Agreement (Team Inc), Unsecured Term Loan Credit Agreement (Corre Horizon Fund, Lp)
Maximum Net Leverage Ratio. The Borrower hereby covenants and agrees that the Loan Parties and their Subsidiaries will maintain a Net Leverage Ratio, calculated Ratio (a) for the four (4) fiscal quarter period ending on March 31, 2023, of less than or equal to 12.00 to 1.00, and (b) for each four (4) fiscal quarter period ending on the last day of the each fiscal quarter most recently ended on or after March 31, 2022thereafter, of less than or equal to 7.00 to 1.00.
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