Common use of Maximum Senior Funded Debt to EBITDA Ratio Clause in Contracts

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 month period then ended of less than the following: Period Ratio September 30, 2016 4.25 : 1.00 December 31, 2016 4.00 : 1.00 March 31, 2017 4.00 : 1.00 June 30, 2017 4.00 : 1.00 September 30, 2017 4.00 : 1.00 December 31, 2017 3.75 : 1.00 February 28, 2018 and thereafter 3.00 : 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 month period then ended of less than the following: Period Ratio June 30, 2014 4.25: 1.00 September 30, 2014 4.15: 1.00 December 31, 2014 4.00: 1.00 March 31, 2015 3.75: 1.00 June 30, 2015 3.95: 1.00 September 30, 2015 3.50: 1.00 December 31, 2015 3.00: 1.00 March 31, 2016 3.00: 1.00 June 30, 2016 3.25: 1.00 September 30, 2016 4.25 3.00: 1.00 December 31, 2016 4.00 2.75: 1.00 March 31, 2017 4.00 2.75: 1.00 June 30, 2017 4.00 2.75: 1.00 September 30, 2017 4.00 2.75: 1.00 December 31, 2017 3.75 2.75: 1.00 February 28March 31, 2018 2.75: 1.00 June 30, 2018 and thereafter 3.00 2.50: 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 12-month period then ended of less than the following: Period Fiscal Quarter End Dates Ratio June 30, 2014 5.00:1.00 September 30, 2014 4.75:1.00 December 31, 2014 4.50:1.00 March 31, 2015 4.25:1.00 June 30, 2015 4.50:1.00 September 30, 2015 4.00:1.00 December 31, 2015 3.50:1.00 March 31, 2016 3.50:1.00 June 30, 2016 3.75:1.00 September 30, 2016 4.25 : 1.00 3.50:1.00 December 31, 2016 4.00 : 1.00 3.50:1.00 March 31, 2017 4.00 : 1.00 3.25:1.00 June 30, 2017 4.00 : 1.00 3.25:1.00 September 30, 2017 4.00 : 1.00 3.25:1.00 December 31, 2017 3.75 : 1.00 February 283.25:1.00 March 31, 2018 3.25:1.00 June 30, 2018 and thereafter 3.00 : 1.00” ARTICLE 23.00:1.00

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 month period then ended of less than the following: Period Ratio March 31, 2015 4.25: 1.00 June 30, 2015 4.50: 1.00 September 30, 2015 4.00: 1.00 December 31, 2015 3.50: 1.00 March 31, 2016 3.50: 1.00 June 30, 2016 3.75: 1.00 September 30, 2016 4.25 3.50: 1.00 December 31, 2016 4.00 3.50: 1.00 March 31, 2017 4.00 3.25: 1.00 June 30, 2017 4.00 3.25: 1.00 September 30, 2017 4.00 3.25: 1.00 December 31, 2017 3.75 3.25: 1.00 February 28March 31, 2018 3.25: 1.00 June 30, 2018 and thereafter 3.00 3.00: 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 month period then ended of less than the following: Period Ratio September 30, 2016 4.25 : 1.00 December 31, 2016 4.00 : 1.00 March 31, 2017 4.00 : 1.00 June 30, 2017 4.00 : 1.00 September 30, 2017 4.00 : 1.00 December 31, 2017 3.75 : 1.00 February 28, 2018 and thereafter 3.00 : 1.00” ARTICLE 2”.

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 12-month period then ended of less than the following: Period Ratio March 31, 2012 3.50: 1.00 June 30, 2012 4.25: 1.00 September 30, 2016 4.25 2012 3.75: 1.00 December 31, 2016 4.00 2012 3.50: 1.00 March 31, 2017 4.00 2013 3.25: 1.00 June 30, 2017 4.00 2013 3.50: 1.00 September 30, 2017 4.00 2013 3.25: 1.00 December 31, 2017 3.75 2013 3.00: 1.00 February 28March 31, 2018 2014 2.75: 1.00 June 30, 2014 3.25: 1.00 September 30, 2014 3.00: 1.00 December 31, 2014 and for each Fiscal Quarter ending thereafter 3.00 2.75: 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 12-month period then ended of less than the following: Period Ratio September 30, 2016 4.25 2012 4.75: 1.00 December 31, 2016 4.00 2012 4.00: 1.00 March 31, 2017 4.00 2013 4.00: 1.00 June 30, 2017 4.00 2013 4.50: 1.00 September 30, 2017 4.00 2013 4.00: 1.00 December 31, 2017 3.75 2013 3.75: 1.00 February 28March 31, 2018 2014 3.75: 1.00 June 30, 2014 3.75: 1.00 September 30, 2014 3.50: 1.00 December 31, 2014 3.50: 1.00 March 31, 2015 3.21: 1.00 June 30, 2015 3.50: 1.00 September 30, 2015 3.50: 1.00 December 31, 2015 3.25: 1.00 March 31, 2016 3.21: 1.00 June 30, 2016 and for each Fiscal Quarter ending thereafter 3.00 3.25: 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 12-month period then ended of less than the following: Period Ratio March 31, 2012 4.00: 1.00 June 30, 2012 4.75: 1.00 September 30, 2016 4.25 2012 4.50: 1.00 December 31, 2016 4.00 2012 4.00: 1.00 March 31, 2017 4.00 2013 3.25: 1.00 June 30, 2017 4.00 2013 3.75: 1.00 September 30, 2017 4.00 2013 3.50: 1.00 December 31, 2017 3.75 2013 3.25: 1.00 February 28March 31, 2018 2014 3.00: 1.00 June 30, 2014 3.50: 1.00 September 30, 2014 3.25: 1.00 December 31, 2014 3.25: 1.00 March 31, 2015 and for each Fiscal Quarter ending thereafter 3.00 3.00: 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 12-month period then ended of less than the following: Period Ratio March 31, 2013 5.25: 1.00 June 30, 2013 5.80: 1.00 September 30, 2016 4.25 2013 5.30: 1.00 December 31, 2016 4.00 2013 4.55: 1.00 March 31, 2017 4.00 2014 4.55: 1.00 June 30, 2017 4.00 2014 4.95: 1.00 September 30, 2017 4.00 2014 4.50: 1.00 December 31, 2017 3.75 2014 4.00: 1.00 February 28March 31, 2018 2015 4.00: 1.00 June 30, 2015 4.25: 1.00 September 30, 2015 3.95: 1.00 December 31, 2015 and for each Fiscal Quarter ending thereafter 3.00 3.50: 1.00” ARTICLE 2

Maximum Senior Funded Debt to EBITDA Ratio. Rand shall have on a consolidated basis, at the end of each Fiscal Quarter (or from and after February 28, 2018, at the end of each Fiscal Month) ending on the dates set forth below, a Senior Funded Debt to EBITDA Ratio as of the last day of such Fiscal Quarter or such Fiscal Month, as applicable, and for the 12 12-month period then ended of less than the following: Period Ratio June 30, 2014 5.00:1.00 September 30, 2014 4.75:1.00 December 31, 2014 4.50:1.00 March 30, 2015 4.25:1.00 June 30, 2015 4.50:1.00 September 30, 2015 4.00:1.00 December 31, 2015 3.50:1.00 March 30, 2016 3.50:1.00 September 30, 2016 4.25 : 1.00 3.50:1.00 December 31, 2016 4.00 : 1.00 3.50:1.00 March 3130, 2017 4.00 : 1.00 3.25:1.00 June 30, 2017 4.00 : 1.00 3.25:1.00 September 30, 2017 4.00 : 1.00 3.25:1.00 December 31, 2017 3.75 : 1.00 February 283.25:1.00 March 30, 2018 3.25:1.00 June 30, 2018 and thereafter 3.00 : 1.00” ARTICLE 23.00:1.00