Common use of Maximum Senior Leverage Ratio Clause in Contracts

Maximum Senior Leverage Ratio. PermitBeginning with the Fiscal Quarter ending September 30, 2020, permit the Senior Leverage Ratio for the twelve (12) month period ending on the last day of any Fiscal Quarter to be greater than thea ratio set forth below for such date:resulting from the Covenant Reset Determination. If a Covenant Reset Determination is not made by September 15, 2020, the Borrower shall be in default of this Section 6.18(c). Fiscal Quarter Ending Senior Leverage Ratio

Maximum Senior Leverage Ratio. PermitBeginning Beginning with the Fiscal Quarter ending September 30, 2020, permit permitPermit the Senior Leverage Ratio for the twelve (12) month period ending on the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending September 30, 2020, to be greater than thea a ratio set forth below for such date:resulting from the Covenant Reset Determination. If a Covenant Reset Determination is not made by September 15, 2020, the Borrower shall be in default of this Section 6.18(c). Fiscal Quarter Ending Senior Leverage Ratio6.18(c)1.50:1.00.

Maximum Senior Leverage Ratio. PermitBeginning with the Fiscal Quarter ending September 30, 2020, permit Permit the Senior Leverage Ratio for the twelve (12) month period ending on the last day of any Fiscal Quarter fiscal quarter of the Borrower, commencing with the fiscal quarter ending on March 31, 2018, to be greater than thea ratio set forth below 2.25 to 1.0.; provided however, this covenant shall not apply for any of the fiscal quarters ending September 30, 2020 and December 31, 2020 so long as the aggregate Revolving Credit Exposure does not exceed the Financial Covenant Suspension Borrowing Limit at any time during such date:resulting from the Covenant Reset Determination. If a Covenant Reset Determination is not made by September 15, 2020, the Borrower shall be in default of this Section 6.18(c). Fiscal Quarter Ending Senior Leverage Ratiofiscal quarter.