Maximum Senior Leverage Ratio. The Borrower will not permit the Senior Leverage Ratio, calculated for the Borrower and its Subsidiaries on a consolidated basis, determined for the period of four (4) consecutive fiscal quarters then ending as of the end of each of its fiscal quarters, to exceed the ratio set forth on Schedule 6.13 under the caption “Maximum Senior Leverage Ratio” for the date of the end of each such fiscal quarter.
Appears in 2 contracts
Samples: Credit Agreement (Johnson Outdoors Inc), Credit Agreement (Johnson Outdoors Inc)
Maximum Senior Leverage Ratio. The Borrower will Company shall not permit the ratio (the "Senior Leverage Ratio, calculated for ") of (i) the Borrower sum of the aggregate outstanding principal amount of all Term Loans and its Subsidiaries on a consolidated basis, determined for the period of four Revolving Credit Obligations to (4ii) consecutive fiscal quarters then ending EBITDAE to be greater than:
(i) 3.25 to 1.00 as of the end of each of its fiscal quarters, to exceed the ratio set forth on Schedule 6.13 under the caption “Maximum Senior Leverage Ratio” quarter for the date of period commencing with the end of each such fiscal quarter.quarter ending December 20, 2002 through the fiscal quarter ending September 30, 2003;
Appears in 2 contracts
Samples: Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp), Mezzanine Note Securities Purchase Agreement (Alion Science & Technology Corp)
Maximum Senior Leverage Ratio. The Borrower will shall not permit the ratio (the “Senior Leverage Ratio, calculated for ”) of (i) the Borrower sum of the aggregate outstanding principal amount of all Term Loans and its Subsidiaries on a consolidated basis, determined for the period of four Revolving Credit Obligations to (4ii) consecutive fiscal quarters then ending EBITDAE to be greater than:
(i) 2.75 to 1.00 as of the end of each of its fiscal quarters, to exceed the ratio set forth on Schedule 6.13 under the caption “Maximum Senior Leverage Ratio” quarter for the date of period commencing with the end of each such fiscal quarter.quarter ending December 20, 2002 through the fiscal quarter ending September 30, 2003;
Appears in 2 contracts
Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)
Maximum Senior Leverage Ratio. The Borrower Guarantor will not permit the ratio (the “Senior Leverage Ratio, calculated for the Borrower and its Subsidiaries on a consolidated basis”), determined for the period of four (4) consecutive fiscal quarters then ending as of the end of each of its fiscal quartersquarters set forth below, of (i) Consolidated Senior 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 Guarantor and its Subsidiaries on a consolidated basis, to exceed be greater than the ratio set forth on Schedule 6.13 under the caption “Maximum Senior Leverage Ratio” for the date of the end of each opposite such fiscal quarter.:
Appears in 1 contract
Samples: Guarantee Agreement (Photronics Inc)
Maximum Senior Leverage Ratio. The Borrower will not permit the ratio (the “Senior Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 30, 2010, of (i) Consolidated Senior 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 Borrower and its Subsidiaries on a consolidated basis, determined for the period of four (4) consecutive fiscal quarters then ending as of the end of each of its fiscal quarters, to exceed the ratio set forth on Schedule 6.13 under the caption “Maximum Senior Leverage Ratio” for the date of the end of each such fiscal quarter.be greater than 2.50 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Blackboard Inc)
