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. 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. 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. The Borrower will not permit the ratio (the “Senior Secured Leverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 30, 2011, of (i) Consolidated Senior Secured 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 2.00 to 1.00.
Maximum Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio at the end of any fiscal quarter during a period set forth below to be greater than the ratio set forth opposite such period below: February 6, 2007 through September 30, 2007 4.00 to 1.00 October 1, 2007 through September 30, 2008 3.75 to 1.00 October 1, 2008 through September 30, 2009 3.25 to 1.00 Thereafter 3.00 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. 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. Borrower shall not permit the Consolidated Senior Secured Leverage Ratio as of the last day of any Fiscal Quarter, commencing with the second Fiscal Quarter in 2004, to exceed 2.00:1.00.
