Common use of Maximum Senior Secured Leverage Ratio Clause in Contracts

Maximum Senior Secured Leverage Ratio. Holdings and its Subsidiaries shall have on a consolidated basis at the end of each period set forth below, a Senior Secured Leverage Ratio for the four Fiscal Quarter period then ended of not more than the following: Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio March 31, 2010 3.5:1.00 June 30, 2010 3.5:1.00 September 30, 2010 3.5:1.00 December 31, 2010 3.5:1.00 March 31, 2011 3.4:1.00 Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio June 30, 2011 3.2:1.00 September 30, 2011 3.2:1.00 December 31, 2011 3.1:1.00 March 31, 2012 3.0:1.00 June 30, 2012 2.9:1.00 September 30, 2012 2.7:1.00 December 31, 2012 2.6:1.00 March 31, 2013 2.5:1.00 June 30, 2013 2.4:1.00 September 30, 2013 2.3:1.00 December 31, 2013 2.0:1.00

Appears in 1 contract

Samples: Credit Agreement (Catalog Resources, Inc.)

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Maximum Senior Secured Leverage Ratio. Holdings and its Subsidiaries shall have on a consolidated basis at The Borrower will not permit the Senior Secured Leverage Ratio, determined as of the end of each period of its fiscal quarters ending after the date hereof and as set forth below, a Senior Secured to be greater than the ratio set forth opposite such fiscal quarter: #85239856v39 Table of Contents Fiscal Quarter Ending Total Leverage Ratio for the four Fiscal Quarter period then ended of not more than the following: Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio March 31, 2010 3.5:1.00 June 30, 2010 3.5:1.00 September 30, 2010 3.5:1.00 December 31, 2010 3.5:1.00 March 31, 2011 3.4:1.00 Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio June 30, 2011 3.2:1.00 September 30, 2011 3.2:1.00 December 31, 2011 3.1:1.00 March 31, 2012 3.0:1.00 June 30, 2012 2.9:1.00 September 30, 2012 2.7:1.00 December 31, 2012 2.6:1.00 March 31, 2013 2.5:1.00 June 30, 2013 2.4:1.00 September 30, 2013 2.3:1.00 December 31, 2013 2.0:1.003.50 to 1.00 March 31, 2014 3.50 to 1.00 June 30, 2014 3.50 to 1.00 September 30, 2014 3.50 to 1.00 December 31, 2014 3.50 to 1.00 March 31, 2015 3.50 to 1.00 June 30, 2015 3.50 to 1.00 September 30, 2015 3.50 to 1.00 December 31, 2015 and each fiscal quarter thereafter 2.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Atmel Corp)

Maximum Senior Secured Leverage Ratio. Holdings and its Subsidiaries Company shall have on a consolidated basis at not permit the end of each period set forth below, a Consolidated Senior Secured Leverage Ratio for as of the four last day of the most recently ended Fiscal Quarter period then ended of not more than ending on the followingdate set forth below to exceed the correlative ratio indicated: Four Fiscal Quarter Period Ended Ending Maximum Senior Secured Leverage Ratio March 31, 2010 3.5:1.00 2005 2.65 to 1.00 June 30, 2010 3.5:1.00 2005 2.65 to 1.00 September 30, 2010 3.5:1.00 2005 2.65 to 1.00 December 31, 2010 3.5:1.00 2005 2.25 to 1.00 March 31, 2011 3.4:1.00 Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio 2006 2.25 to 1.00 June 30, 2011 3.2:1.00 2006 2.25 to 1.00 September 30, 2011 3.2:1.00 2006 2.00 to 1.00 December 31, 2011 3.1:1.00 2006 1.75 to 1.00 March 31, 2012 3.0:1.00 2007 1.50 to 1.00 June 30, 2012 2.9:1.00 2007 1.50 to 1.00 September 30, 2012 2.7:1.00 2007 1.50 to 1.00 December 31, 2012 2.6:1.00 2007 1.50 to 1.00 March 31, 2013 2.5:1.00 June 30, 2013 2.4:1.00 September 30, 2013 2.3:1.00 December 31, 2013 2.0:1.002008 and the last day of each Fiscal Quarter thereafter 1.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Propex International Holdings II Inc.)

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Maximum Senior Secured Leverage Ratio. Holdings and its Subsidiaries The Borrower shall have on a consolidated basis at not permit the end of each period set forth below, a Senior Secured Leverage Ratio for as of the four Fiscal Quarter period then ended last day of not more each Test Period ending on any date set forth below to be greater than the followingratio set forth in the table below opposite such date: Four Fiscal Quarter Period Ended Senior Secured Leverage Ratio March 31, 2010 3.5:1.00 June 30, 2010 3.5:1.00 September 30, 2010 3.5:1.00 December 31, 2010 3.5:1.00 March 31, 2011 3.4:1.00 Four Fiscal Quarter Period Ended Date Senior Secured Leverage Ratio June 30, 2011 3.2:1.00 September 30, 2011 3.2:1.00 December 31, 2011 3.1:1.00 March 31, 2012 3.0:1.00 June 30, 2012 2.9:1.00 4.50:1.00 September 30, 2012 2.7:1.00 4.50:1.00 December 31, 2012 2.6:1.00 4.50:1.00 March 31, 2013 2.5:1.00 4.50:1.00 June 30, 2013 2.4:1.00 4.50:1.00 September 30, 2013 2.3:1.00 4.50:1.00 December 31, 2013 2.0:1.004.00:1.00 March 31, 2014 4.00:1.00 June 30, 2014 4.00:1.00 September 30, 2014 4.00:1.00 December 31, 2014 4.00:1.00 March 31, 2015 4.00:1.00 June 30, 2015 4.00:1.00 September 30, 2015 4.00:1.00 December 31, 2015 and the end of each fiscal quarter thereafter 3.50:1.00

Appears in 1 contract

Samples: Credit Agreement (Wabash National Corp /De)

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