Maximum Total Leverage. As of the last day of a Fiscal Quarter, permit the Leverage Ratio of Ultimate Parent and its Subsidiaries to be greater than the ratio set forth opposite such date: March 31, 2017 4.75:1.00 June 30, 2017 5.40:1.00 September 30, 2017 5.60:1.00 December 31, 2017 5.45:1.00 March 31, 2018 5.30:1.00 June 30, 2018 4.65:1.00 September 30, 2018 4.55:1.00 December 31, 2018 4.45:1.00 March 31, 2019 4.40:1.00 June 30, 2019 3.85:1.00 September 30, 2019 3.80:1.00 December 31, 2019 through and including March 31, 2020 3.75:1.00 June 30, 2020 through and including March 31, 2021 3.25:1.00 June 30, 2021 and each Fiscal Quarter ending thereafter 3.00:1.00
Maximum Total Leverage. The Borrower and its consolidated Subsidiaries shall not permit the ratio (the “Total Leverage Ratio”) of (i) the aggregate unpaid principal amount of Total Funded Debt as of the last day of any Fiscal Quarter ending during the periods described below to (ii) Adjusted Consolidated EBITDA for the four (4) consecutive Fiscal Quarter period ending as of such date, to exceed the corresponding ratio set forth below opposite such period: July 16, 2007 through and including September 30, 2008 6.00 to 1.00 October 1, 2008 through and including September 30, 2009 5.50 to 1.00 October 1, 2009 and thereafter 5.00 to 1.00
Maximum Total Leverage. (i) The Borrower and its consolidated Subsidiaries shall not permit the ratio (the “Total Leverage Ratio”) of (i) the aggregate unpaid principal amount of Total Funded Debt as of the last day of any Fiscal Quarter ending during the periods described below to (ii) Adjusted Consolidated EBITDA for the four (4) consecutive Fiscal Quarter period ending as of such date, to exceed the corresponding ratio set forth below opposite such period: Closing Date through and including September 30, 2006 5.60 to 1.00 October 1, 2006 through and including December 31, 2006 5.00 to 1.00 January 1, 2007 through and including December 31, 2007 4.75 to 1.00 January 1, 2008 through and including December 31, 2008 4.50 to 1.00 January 1, 2009 through and including December 31, 2009 4.00 to 1.00 January 1, 2010 and thereafter 3.50 to 1.00
Maximum Total Leverage. At any time during the periods indicated below, Borrower shall not permit the ratio (expressed as a percentage) of Total Funded Debt to Total Book Capitalization to be greater than the percentages set forth below: From December 31, 2005 to December 31, 2006 80 % From December 31, 2006 to September 30, 2007 70 % From September 30, 2007 60 %
Maximum Total Leverage. The ratio of (i) Total Debt as of the last day of any month to (ii) EBITDA for such month multiplied by 12 to be greater than 10.0 to 1.0.
Maximum Total Leverage. A Total Leverage, measured on a trailing twelve (12) month basis and tested as of the last day of each quarter, of not more than 3.00 to 1.00.
Maximum Total Leverage. At all times the ratio of Total Indebtedness to Post Merger EBITDA of the Consolidated Parties for the immediately preceding four full fiscal quarters ("LTM Post Merger EBITDA") shall be equal to or less than the ratio set forth below for such fiscal quarter. For purposes of calculating LTM Post Merger EBITDA, if any Asset Dispositions have occurred during the immediately preceding four full fiscal quarters, LTM Post Merger EBITDA shall be adjusted by taking into effect the decrease in Post Merger EBITDA attributable to such Asset Dispositions, in each case, to the extent that such Asset Dispositions have been used for purposes of determining compliance with Section 7.11(v) hereof and reasonably proportional to the LTM EBITDA Reduction Amounts set forth in the certificates delivered pursuant to Section 8.5 hereof for such Asset Dispositions, in accordance with GAAP. -------------------------------------------------------- Fiscal Quarter Ratio -------------------------------------------------------- Q4 - 2001: 5.35:1.00 -------------------------------------------------------- Q1 - 2002: 5.35:1.00 -------------------------------------------------------- Q2 - 2002: 5.35:1.00 -------------------------------------------------------- Q3 - 2002 and each fiscal quarter 5.30:1.00 thereafter: --------------------------------------------------------
Maximum Total Leverage. At all times the ratio of Total Indebtedness to Post Merger EBITDA of the Consolidated Parties for the immediately preceding four full fiscal quarters ("LTM Post Merger EBITDA") shall be equal to or less than the ratio set forth below for such fiscal quarter, provided that for any fiscal quarter after fiscal year 2001, such ratio shall be equal to or less than 6.00:1.
Maximum Total Leverage. At all times the ratio of Total Indebtedness to Post Merger EBITDA of the Consolidated Parties for the immediately preceding four full fiscal quarters ("LTM Post Merger EBITDA") shall be equal to or less than the ratio set forth below for such fiscal quarter. -------------------------------------------------------------------- Fiscal Quarter Ratio -------------------------------------------------------------------- Q1 - 2001 8.58:1.00 -------------------------------------------------------------------- Q2 - 2001 7.81:1.00 -------------------------------------------------------------------- Q3 - 2001 6.71:1.00 -------------------------------------------------------------------- Q4 - 2001 and for each fiscal quarter thereafter 6.60:1.00 --------------------------------------------------------------------
Maximum Total Leverage. The Borrower shall ensure that the ratio of Net Debt to EBITDA for any Relevant Period shall not be more than 2.5:1.0.
