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 April 30, 2008, 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, to be greater than 1.75 to 1.0.
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Maximum Senior Leverage Ratio. The Borrower Parent will not permit the ratio (the “Senior Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after April September 30, 20082011, 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 Parent and its Subsidiaries on a consolidated basis, to be greater than 1.75 2.75 to 1.01.00.
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Sources: Credit Agreement (Vistaprint N.V.)
Maximum Senior Leverage Ratio. The Borrower Guarantor will not permit the ratio (the “Senior Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after April 30, 2008set forth below, of (i) Consolidated Senior Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower Guarantor and its Subsidiaries on a consolidated basis, to be greater than 1.75 to 1.0.the ratio set forth opposite such fiscal quarter:
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Sources: Guarantee Agreement (Photronics Inc)
Maximum Senior Leverage Ratio. The Borrower Guarantor will not permit the ratio (the “Senior Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after April 3029, 20082007, of (i) Consolidated Senior Indebtedness to (ii) Consolidated EBITDA for the period of four (4) 4 consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower Guarantor and its Subsidiaries on a consolidated basis, to be greater than 1.75 2.00 to 1.01.00.
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Sources: 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 April 30March 31, 20082015, 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, to be greater than 1.75 3.00 to 1.01.00.
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