Maximum Senior Secured Leverage Ratio. The Borrower shall not permit the Senior Secured Leverage Ratio as of the end of any fiscal quarter to be greater than 3.00 to 1.00. The Senior Secured Leverage Ratio shall be calculated as of the last day of each fiscal quarter based upon (i) for Indebtedness, as of the last day of each such fiscal quarter and (ii) for Consolidated EBITDA, the actual amount for the four-quarter period ending on such day; and
Maximum Senior Secured Leverage Ratio. The Borrower will not permit the Senior Secured Leverage Ratio at any time to be greater than 1.00:1.00.
Maximum Senior Secured Leverage Ratio. Permit the Borrower’s Senior Secured Leverage Ratio as of the last day of any Test Period to exceed 3.75:1.00.
Maximum Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio as of the end of any period of four consecutive Fiscal Quarters of the Borrower occurring during any period set forth below to be greater than the ratio opposite such period: Fifth Amendment Effective Date through March 30, 2015 3.75 to 1.00 March 31, 2015 and thereafter 3.50 to 1.00
Maximum Senior Secured Leverage Ratio. As of any Fiscal Quarter end, permit the ratio of (a) Senior Debt on such date (less any cash existing on the Consolidated balance sheet on such date) to (b) EBITDA for the period of four (4) consecutive Fiscal Quarters ending on or immediately prior to such date to be greater than 2.00 to 1.00; provided, however, that for purposes of calculating compliance with this financial covenant, EBITDA for the four (4) consecutive Fiscal Quarter period ending on or immediately prior to such date shall be reduced to reflect rental expense associated with any sale-leaseback transaction permitted hereunder on a pro forma basis.
Maximum Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio, at the last day of any Test Period during any period set forth in the table below, to exceed the ratio set forth opposite such period in the table below. July 1, 2006 - December 31, 2006 1.50 to 1.0 January 1, 2007 - June 30, 2007 1.75 to 1.0 July 1, 2007 - December 31, 2007 1.50 to 1.0 January 1, 2008 - December 31, 2008 1.25 to 1.0 January 1, 2009 and thereafter 1.00 to 1.0
Maximum Senior Secured Leverage Ratio. Total Senior Secured Debt at Statement Date:
Maximum Senior Secured Leverage Ratio. While any Qualified Senior Notes are outstanding, a Senior Secured Leverage Ratio shall be maintained as of the last day of each fiscal quarter of Partners of not greater than 3.75 to 1.00.
Maximum Senior Secured Leverage Ratio. At all times after a capital market transaction for unsecured Indebtedness is consummated by the Company, commencing (if applicable) with the fiscal quarter ending June 30, 2017, and until the Leverage Ratio is less than 3.00 to 1.00 on a date on or after June 30, 2018 (accompanied by supporting evidence reasonably satisfactory to the Administrative Agent, and regardless if any Senior Secured Indebtedness is then outstanding), the Company shall not permit the ratio (the “Senior Secured Leverage Ratio”) of (i) all Senior Secured Indebtedness of the Company and its Subsidiaries as of any date of determination to (ii) EBITDA for the most recently-ended period of four-fiscal quarters for which financial statements were required to be delivered to be greater than the ratio set forth below opposite such fiscal quarter: The Senior Secured Leverage Ratio shall be calculated as of the last day of each fiscal quarter based upon (A) for Senior Secured Indebtedness, Senior Secured Indebtedness as of the last day of each such fiscal quarter and (B) for EBITDA, the actual amount for the four quarter period ending on such day, calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisition, broken down by fiscal quarter in the Company’s reasonable judgment and satisfactory to the Administrative Agent and as reported to the Administrative Agent pursuant to the provisions of Section 7.06(b).
Maximum Senior Secured Leverage Ratio. The Company will not permit the ratio (the “Senior Secured Leverage Ratio”), determined as of the end 2 of each of its fiscal quarters, of (i) Consolidated Senior Secured Indebtedness to (ii) Consolidated EBITDA for the period of the then most-recently ended four (4) consecutive fiscal quarters, all calculated for the Consolidated Financial Covenant Entities on a consolidated basis, to be greater than 3.50 to 1.00.
