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: Period Ratio 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
Appears in 5 contracts
Samples: Second Lien Credit Agreement (STR Holdings, Inc.), Second Lien Credit Agreement (STR Holdings LLC), Second Lien Credit Agreement (STR Holdings LLC)
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: Period Ratio September 30, 2007 8.00 7.75 to 1.00 December 31, 2007 8.00 7.75 to 1.00 March 31, 2008 8.00 7.75 to 1.00 June 30, 2008 8.00 7.75 to 1.00 September 30, 2008 7.75 7.50 to 1.00 December 31, 2008 7.25 7.00 to 1.00 March 31, 2009 6.50 6.25 to 1.00 June 30, 2009 6.50 6.25 to 1.00 September 30, 2009 6.50 6.25 to 1.00 December 31, 2009 6.50 6.25 to 1.00 March 31, 2010 6.25 6.00 to 1.00 June 30, 2010 6.25 6.00 to 1.00 September 30, 2010 6.25 6.00 to 1.00 December 31, 2010 6.25 6.00 to 1.00 March 31, 2011 5.25 5.00 to 1.00 June 30, 2011 5.25 5.00 to 1.00 September 30, 2011 5.25 5.00 to 1.00 December 31, 2011 5.25 5.00 to 1.00 March 31, 2012 5.25 5.00 to 1.00
Appears in 5 contracts
Samples: First Lien Guarantee and Collateral Agreement (STR Holdings, Inc.), First Lien Credit Agreement (STR Holdings LLC), First Lien Guarantee and Collateral Agreement (STR Holdings LLC)
Maximum Total Leverage Ratio. Permit the Total Leverage Ratio Ratio, at any time date during a any period set forth below in the table below, to be greater than exceed the ratio set forth opposite such period in the table below: Period Leverage Ratio Effective Date to September 29, 2005 3.75 to 1.00 September 30, 2007 8.00 2005 to December 30, 2005 3.25 to 1.00 December 31, 2005 to March 30, 2006 2.75 to 1.00 March 31, 2006 to June 29, 2006 2.50 to 1.00 June 30, 2006 to September 29, 2006 2.25 to 1.00 September 30, 2006 to March 30, 2007 8.00 2.00 to 1.00 March 31, 2007 to March 30, 2008 1.75 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 and thereafter 1.50 to 1.00
Appears in 1 contract
Maximum Total Leverage Ratio. Permit Holdings shall not have, on the last day of each Fiscal Quarter set forth below, a Total Leverage Ratio at any time during (calculated on a period set forth below to be Pro Forma Basis in accordance with Section 1.3(b)) greater than the ratio maximum Total Leverage Ratio set forth opposite such period belowFiscal Quarter: Period Ratio 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 31FISCAL QUARTER ENDING MAXIMUM TOTAL LEVERAGE RATIO October 1, 2011 5.25 to 1.00 June 30, 2011 5.25 to 1.00 September 30, 2011 5.25 3.90 to 1.00 December 31, 2011 5.25 3.75 to 1.00 March 31, 2012 5.25 3.60 to 1.00 June 30, 2012 3.40 to 1.00 September 29, 2012 3.30 to 1.00 December 29, 2012 3.30 to 1.00 March 30, 2013 3.20 to 1.00 June 29, 2013 3.10 to 1.00 September 28, 2013 3.00 to 1.00 December 28, 2013 2.75 to 1.00 March 29, 2014 2.70 to 1.00 June 28, 2014 2.60 to 1.00 September 27, 2014 2.35 to 1.00 January 3, 2015 2.35 to 1.00 April 4, 2015 2.35 to 1.00 July 4, 2015 2.35 to 1.00 October 3, 2015 2.10 to 1.00 January 2, 2016 2.10 to 1.00 April 2, 2016 2.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (PGT, Inc.)