Common use of Maximum Senior Secured Leverage Ratio Clause in Contracts

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

Appears in 1 contract

Samples: Credit Agreement (Jacobs Entertainment Inc)

AutoNDA by SimpleDocs

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 - 2006—December 31, 2006 1.50 to 1.0 January 1, 2007 - 2007—June 30, 2007 1.75 to 1.0 July 1, 2007 - 2007—December 31, 2007 1.50 to 1.0 January 1, 2008 - 2008—December 31, 2008 1.25 to 1.0 January 1, 2009—December 31, 2009 1.40 to 1.0 January 1, 2010—June 30, 2010 1.50 to 1.0 July 1, 2010—December 31, 2010 1.40 to 1.0 January 1, 2011—June 30, 2011 1.30 to 1.0 July 1, 2011 and thereafter 1.00 1.25 to 1.0

Appears in 1 contract

Samples: Second Amendment and Restatement Agreement (Jacobs Entertainment Inc)

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 - December 31, 2009 1.40 to 1.0 January 1, 2010 - June 30, 2010 1.50 to 1.0 July 1, 2010 - December 31, 2010 1.40 to 1.0 January 1, 2011 - June 30, 2011 1.30 to 1.0 July 1, 2011 and thereafter 1.00 1.25 to 1.0

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Jacobs Entertainment Inc)

AutoNDA by SimpleDocs

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 31September 30, 2008 1.25 to 1.0 October 1, 2008 - December 31, 2009 1.40 to 1.0 January 1, 2009 2010 and thereafter 1.00 1.25 to 1.0

Appears in 1 contract

Samples: Credit Agreement (Jacobs Entertainment Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!