Common use of Maximum Total Leverage Clause in Contracts

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: Each Fiscal Quarter Ending Ratio 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

Appears in 3 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

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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: Each Fiscal Quarter Ending Ratio 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

Appears in 2 contracts

Samples: Financing Agreement (Select Interior Concepts, Inc.), Financing Agreement (Select Interior Concepts, Inc.)

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: Each Fiscal Quarter Ending Ratio 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 3.75:1.00 March 31, 2020 3.75:1.00 June 30, 2020 through and including December 31, 2020 3.90:1.00 March 31, 2021 3.25:1.00 June 30, 2021 and each Fiscal Quarter ending thereafter 3.00:1.003.75:1.00

Appears in 1 contract

Samples: Financing Agreement (Select Interior Concepts, Inc.)

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: Each Fiscal Quarter Ending Ratio 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 71 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

Appears in 1 contract

Samples: Financing Agreement (Select Interior Concepts, Inc.)

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Maximum Total Leverage. As of the last day of a Fiscal QuarterQuarter On any Financial Covenant Trigger Test Date, permit the Leverage Ratio of Ultimate Parent and its Subsidiaries to be greater than the ratio set forth opposite such date: Each Fiscal Quarter Ending Ratio 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 3.75:1.00 March 31, 2020 3.75:1.00 June 30, 2020 through and including December 31, 2020 3.90:1.00 March 31, 2021 3.25:1.00 June 30, 2021 and each Fiscal Quarter ending thereafter 3.00:1.003.75:1.00

Appears in 1 contract

Samples: Financing Agreement (Select Interior Concepts, Inc.)

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: Each Fiscal Quarter Ending Ratio 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 70 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

Appears in 1 contract

Samples: Financing Agreement (Select Interior Concepts, Inc.)

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