Common use of Maximum Senior Secured Leverage Ratio Clause in Contracts

Maximum Senior Secured Leverage Ratio. The Company shall not permit the Maximum Senior Secured Leverage Ratio of the last date of any Fiscal Quarter to exceed 3.25 to 1.00; provided that such Senior Secured Leverage Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on December 31, 2012.

Appears in 1 contract

Samples: Credit Agreement (Corelogic, Inc.)

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Maximum Senior Secured Leverage Ratio. The Company shall not permit Permit the Maximum Senior Secured Leverage Ratio of at the last date end of any Fiscal Quarter fiscal quarter during a period set forth below to exceed 3.25 to 1.00; provided that be greater than the ratio set forth opposite such Senior Secured Leverage period below: Period Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on July 1, 2008 through December 31, 2012.2008 January 1, 2009 through September 30, 2009 Thereafter 4.10 to 1.00 4.25 to 1.00 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Alion Science & Technology Corp)

Maximum Senior Secured Leverage Ratio. The Company Loan Parties shall not permit the Maximum Senior Secured Leverage Ratio Ratio, calculated as of the last date end of any Fiscal Quarter each fiscal quarter, to exceed 3.25 to 1.00; provided that such Senior Secured Leverage be greater than the following amounts for the following periods: Period Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on Second Amendment Effective Date through December 31, 2012.2010 2.5 to 1.0 March 31, 2011 and thereafter 2.0 to 1.0”

Appears in 1 contract

Samples: Credit Agreement (CONSOL Energy Inc)

Maximum Senior Secured Leverage Ratio. The Company shall not permit Permit the Maximum Senior Secured Leverage Ratio of at the last date end of any Fiscal Quarter fiscal quarter during a period set forth below to exceed be greater than the ratio set forth opposite such period below: Period Ratio 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; provided that such Senior Secured Leverage Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on December 31, 2012.

Appears in 1 contract

Samples: Credit Agreement (Alion Science & Technology Corp)

Maximum Senior Secured Leverage Ratio. The Company shall Borrower will not permit the Maximum Senior Secured Leverage Ratio of at any time during a period set forth below to be greater than the last date of any ratio set forth opposite such period below: Fiscal Quarter Ending Ratio Each fiscal quarter ending in the period commencing September 30, 2003 to exceed 3.25 and including June 30, 2004 2.50:1.00 Fiscal quarter ending in the period commencing September 30, 2004 to 1.00; provided that such Senior Secured Leverage Ratio shall step down to 3.00:1.00 starting with and including June 30, 2005 2.80:1.00 Each fiscal quarter ending in the Fiscal Quarter ending on December 31period commencing September 30, 2012.2005 and thereafter 2.50:1.00"

Appears in 1 contract

Samples: Credit Agreement and Waiver (Hanger Orthopedic Group Inc)

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Maximum Senior Secured Leverage Ratio. The Company Borrower shall not permit the Maximum Senior Secured Leverage Ratio of the last date of any Fiscal Quarter to exceed 3.25 to 1.00; provided that such Senior Secured Leverage the ratio set forth below for the periods specified below: Period Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on Closing Date through and including December 31, 2012.2006 2.50 to 1.00 Thereafter 2.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

Maximum Senior Secured Leverage Ratio. The Company Loan Parties shall not permit the Maximum Senior Secured Leverage Ratio Ratio, calculated as of the last date end of any Fiscal Quarter each fiscal quarter, to exceed 3.25 to 1.00; provided that such Senior Secured Leverage be greater than the following amounts for the following periods: Period Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on Closing Date through December 31, 2012.2010 2.5 to 1.0 March 31, 2011 and thereafter 2.0 to 1.0

Appears in 1 contract

Samples: Credit Agreement (CONSOL Energy Inc)

Maximum Senior Secured Leverage Ratio. The Company shall not permit 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: Period Maximum Senior Secured Leverage Ratio of the last date of any Fiscal Quarter Fifth Amendment Effective Date through March 30, 2015 3.75 to exceed 3.25 1.00 March 31, 2015 and thereafter 3.50 to 1.00; provided that such Senior Secured Leverage Ratio shall step down to 3.00:1.00 starting with the Fiscal Quarter ending on December 31, 2012.

Appears in 1 contract

Samples: Credit Agreement (Carriage Services Inc)

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