Maximum Total Leverage Ratio. Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: on or prior to December 31, 2008 7.00 to 1.0 thereafter but on or prior to December 31, 2010 6.75 to 1.0 after December 31, 2010 6.50 to 1.0
Maximum Total Leverage Ratio. The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing:
(a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and
(b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.
Maximum Total Leverage Ratio. Maintain at the end of each fiscal quarter of the Parent Guarantor, a Leverage Ratio not greater than 60.0%, provided that the Parent Guarantor shall have the right to maintain a Leverage Ratio of greater than 60.0% but less than or equal to 65.0% for up to four consecutive fiscal quarters of the Parent Guarantor during the term of the Facility following any acquisition of one or more Assets.
Maximum Total Leverage Ratio. Permit the Total Leverage Ratio, as of the last day of any Test Period, to exceed 4.00 to 1.00.
Maximum Total Leverage Ratio. The Borrower will not permit the ratio (the “Total Leverage Ratio”), determined as of the end of each of its Fiscal Quarters, of (i) Consolidated Total Indebtedness to (ii) Consolidated EBITDA for the period of the then most-recently ended four (4) consecutive Fiscal Quarters, all calculated for the Consolidated Financial Covenant Entities on a consolidated basis, to be greater than 3.75 to 1.00.
Maximum Total Leverage Ratio. Permit the Total Leverage Ratio at any time during a period set forth below to be greater than the ratio set forth opposite such period below: September 30, 2007 8.00 to 1.00 December 31, 2007 8.00 to 1.00 March 31, 2008 8.00 to 1.00 June 30, 2008 8.00 to 1.00 September 30, 2008 7.75 to 1.00 December 31, 2008 7.25 to 1.00 March 31, 2009 6.50 to 1.00 June 30, 2009 6.50 to 1.00 September 30, 2009 6.50 to 1.00 December 31, 2009 6.50 to 1.00 March 31, 2010 6.25 to 1.00 June 30, 2010 6.25 to 1.00 September 30, 2010 6.25 to 1.00 December 31, 2010 6.25 to 1.00 March 31, 2011 5.25 to 1.00 June 30, 2011 5.25 to 1.00 September 30, 2011 5.25 to 1.00 December 31, 2011 5.25 to 1.00 March 31, 2012 5.25 to 1.00
Maximum Total Leverage Ratio. Permit the Total Leverage Ratio, as of the last day of any Test Period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: July 31, 2007 7.00 to 1.0 October 31, 2007 7.00 to 1.0 January 31, 2008 7.00 to 1.0 April 30, 2008 7.00 to 1.0 July 31, 2008 6.75 to 1.0 October 31, 2008 6.50 to 1.0 January 31, 2009 6.00 to 1.0 April 30, 2009 6.00 to 1.0 July 31, 2009 5.75 to 1.0 October 31, 2009 5.50 to 1.0 January 31, 2010 5.25 to 1.0 April 30, 2010 5.25 to 1.0 July 31, 2010 4.75 to 1.0 October 31, 2010 4.50 to 1.0 January 31, 2011 4.25 to 1.0 April 30, 2011 4.25 to 1.0 July 31, 2011 4.00 to 1.0 October 31, 2011 3.75 to 1.0 January 31, 2012 3.50 to 1.0 April 30, 2012 3.50 to 1.0 July 31, 2012 3.50 to 1.0 October 31, 2012 3.50 to 1.0 January 31, 2013 3.50 to 1.0 April 30, 2013 3.50 to 1.0 Thereafter 3.50 to 1.0
Maximum Total Leverage Ratio. The Total Leverage Ratio as of the last day of any fiscal quarter, beginning with the first fiscal quarter of 2010, shall not be greater than the ratio of 2.50 to 1.00.
Maximum Total Leverage Ratio. The Borrower shall not permit the Total Leverage Ratio, calculated as of (x) the end of such fiscal quarter (other than any such fiscal quarter within an Acquisition Period), to be greater than 5.00:1.00 and (y) the end of such fiscal quarter within an Acquisition Period (including any fiscal quarter ending on the last day of an Acquisition Period), to be greater than 5.25:1.00.
Maximum Total Leverage Ratio. Permit the Total Leverage Ratio, as of the last day of any Test Period set forth in the table below, to exceed the ratio set forth opposite such Test Period in the table below:
