Maximum Senior Leverage Ratio. The Borrower shall not have, on the last day of each Fiscal Quarter set forth below, beginning with the Fiscal Quarter ending January 29, 2011, a Senior Leverage Ratio greater than the ratio set forth below for such Fiscal Quarter: Fiscal Quarter Ending Ratio January 29, 2011 3.50 to 1.00 April 30, 2011 3.50 to 1.00 July 31, 2011 3.25 to 1.00 October 31, 2011 3.25 to 1.00 January 28, 2012 3.00 to 1.00 April 30, 2012 2.75 to 1.00 July 31, 2012 2.75 to 1.00 October 31, 2012 2.50 to 1.00 February 2, 2013 2.25 to 1.00 April 30, 2013 and thereafter 2.00 to 1.00
Appears in 4 contracts
Samples: Credit Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP), Credit Agreement (Francesca's Holdings CORP)
