Maximum Total Net Leverage Ratio. Commencing with the first full fiscal quarter ending after the Closing Date, permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period: Fiscal Quarter Total Net Leverage Ratio For the first through the eighth full fiscal quarters after the Closing Date: 8.00:1.00 Thereafter: 7.00:1.00
Appears in 3 contracts
Samples: Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (B. Riley Financial, Inc.)
Maximum Total Net Leverage Ratio. Commencing with the first full fiscal quarter ending after the Closing DateDecember 31, 2015, permit the Total Net Leverage Ratio on the last day of any each Test Period to exceed the ratio set forth below opposite the last day of such Test Period: Fiscal Quarter Total Net Leverage Ratio For the first through the eighth full fiscal quarters after the Closing Date: 8.00:1.00 Thereafter: 7.00:1.004.00:1.00
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Ares Commercial Real Estate Corp)
