Maximum Senior Leverage. The Company will not permit the Senior Leverage Ratio (as defined in the Credit Agreement) as of any date set forth below to exceed the ratio set forth opposite such date: Date Ratio December 31, 2005 3.00 to 1.00 March 31, 2006 3.00 to 1.00 June 30, 2006 3.00 to 1.00 September 30, 2006 2.75 to 1.00 December 31, 2006 2.75 to 1.00 March 31, 2007 2.75 to 1.00 June 30, 2007 2.50 to 1.00 September 30, 2007 2.25 to 1.00 December 31, 2007 2.25 to 1.00 March 31, 2008 2.00 to 1.00 June 30, 2008 2.00 to 1.00 September 30, 2008 1.75 to 1.00 December 31, 2008 1.75 to 1.00 March 31, 2009 1.75 to 1.00 June 30, 2009 1.75 to 1.00 September 30, 2009 1.75 to 1.00 December 31, 2009 1.75 to 1.00 March 31, 2010 1.75 to 1.00 June 30, 2010 1.75 to 1.00 September 30, 2010 1.75 to 1.00 December 31, 2010 1.75 to 1.00 March 31, 2011 1.75 to 1.00 June 30, 2011 1.75 to 1.00
Appears in 4 contracts
Samples: Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.)
