Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of the Borrower, to be greater than 3.25 to 1.00.
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Samples: Affiliated Company Credit Agreement (CONSOL Coal Resources LP), Affiliated Company Credit Agreement (CONSOL Energy Inc.), Affiliated Company Credit Agreement (CONSOL Coal Resources LP)
Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31The Borrower will not, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of any Fiscal Quarter (commencing with the BorrowerFiscal Quarter ending June 30, 2018), permit the Total Net Leverage Ratio to be greater than 3.25 to 1.00.than:
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Samples: Credit Agreement (Southwestern Energy Co), Credit Agreement, Credit Agreement (Southwestern Energy Co)
Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the The Borrower shall will not permit the Total Net Leverage Ratio, calculated determined as of the last day end of each of its fiscal quarter of the Borrowerquarters ending on and after December 31, 2016, to be greater than 3.25 3.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Eagle Pharmaceuticals, Inc.), Credit Agreement (Eagle Pharmaceuticals, Inc.)
Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the Borrower The Borrowers shall not permit the Total Net Leverage RatioRatio to exceed a ratio of 3.00 to 1.00, calculated as of measured on the last day of each fiscal quarter of Fiscal Quarter, beginning with the BorrowerFiscal Quarter ending September 30, to be greater than 3.25 to 1.002021.
Appears in 2 contracts
Samples: Credit Agreement (Lazydays Holdings, Inc.), Credit Agreement (Lazydays Holdings, Inc.)
Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31The Borrower will not, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of any Fiscal Quarter (commencing with the BorrowerFiscal Quarter ending June 30, 2022), permit the Total Net Leverage Ratio to be greater than 3.25 2.50 to 1.00.
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Samples: Credit Agreement (BKV Corp)
Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December March 31, 20172024, the Borrower shall not permit the Total Net Leverage RatioRatio of the Borrower and its Subsidiaries, calculated as of the last day of each fiscal quarter of the Borrowerquarter, to be greater than 3.25 to 1.00exceed 2.25:1.00.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31The Borrower will not, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of any Fiscal Quarter (commencing with the BorrowerFiscal Quarter ending September 30, 2022), permit the Total Net Leverage Ratio to be greater than 3.25 2.50 to 1.00.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31June 30, 20172022, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of the Borrower, to be greater than 3.25 to 1.002.50x.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the The Borrower shall will not permit the Total Net Leverage Ratio, calculated determined as of the last day end of each of its fiscal quarter of the Borrowerquarters ending on and after September 30, 2019, to be greater than 3.25 to 1.00.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the Borrower The Borrowers shall not permit the Total Net Leverage RatioRatio to exceed a ratio of 3.00 to 1.00, calculated as of measured on the last day of each fiscal quarter of Measurement Period and calculated on a pro forma basis, beginning with the BorrowerMeasurement Period ending March 31, to be greater than 3.25 to 1.002023.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31, 2017, the The Borrower shall will not permit the Total Net Leverage Ratio, calculated determined as of the last day end of each of its fiscal quarters ending on and after September 30, 2022 (in the case of the fiscal quarter of ended September 30, 2022, calculated after giving effect on a pro forma basis to the BorrowerTransactions to occur on the Effective Date), to be greater than 3.25 to 1.00.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31The Borrower will not, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of any Fiscal Quarter (commencing with the BorrowerFiscal Quarter ending March 31, 2023), permit the Total Net Leverage Ratio to be greater than 3.25 3.50 to 1.00.
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Maximum Total Net Leverage Ratio. Commencing with the fiscal quarter ending December 31The Borrower will not, 2017, the Borrower shall not permit the Total Net Leverage Ratio, calculated as of the last day of each fiscal quarter of any Fiscal Quarter (commencing with the BorrowerFiscal Quarter ending March 31, 2022), permit the Total Net Leverage Ratio to be greater than 3.25 4.00 to 1.00.
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