Net First Lien Leverage Ratio Sample Clauses

Net First Lien Leverage Ratio. Permit the Net First Lien Leverage Ratio on the last day of any fiscal quarter (beginning with the fiscal quarter ended on June 30, 2017) to exceed 6.00 to 1.00.
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Net First Lien Leverage Ratio. The Borrower will not permit the Net First Lien Leverage Ratio as of the last day of any Financial Performance Covenant Test Period to exceed 3.25 to 1.00.
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Net First Lien Leverage Ratio. LGEC shall not, as of the last day of each fiscal quarter of LGEC ending during each of the periods specified below, permit the Net First Lien Leverage Ratio to be greater than: From and Including To but Excluding The Net First Lien Leverage Ratio Shall Not Be Greater Than March 31, 2018 March 31, 2020 4.75 to 1.00
Sample 1
Net First Lien Leverage Ratio. With respect to the Revolving Facility only, permit the Net First Lien Leverage Ratio as of the last day of any fiscal quarter (beginning with the fiscal quarter ended December 31, 2013), solely to the extent that on such date the Testing Condition is satisfied, to exceed 7.75 to 1.00.
Sample 1
Net First Lien Leverage Ratio. Permit the Net First Lien Leverage Ratio as of the last day of any Test Period to be greater than 2.50:1.00.
Sample 1
Net First Lien Leverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2016, the ratio of (i) the excess of (A) First Lien Debt as of such date over (B) Loan Party Cash as of such date to (ii) Consolidated EBITDA of the Borrower and the Restricted Subsidiaries for the Rolling Period ending on such day to exceed 2.00 to 1.0;”
Sample 1
Net First Lien Leverage Ratio. Permit the Net First Lien Leverage Ratio on the last day of any fiscal quarter (beginning with the fiscal quarter ended on June 30, 2017) to exceed 6.00 to 1.00.; provided that (i) during the Covenant Relief Period, the Financial Covenant shall not be tested for the fiscal quarters ending June 30, 2020, September 30, 2020 or December 31, 2020 and (ii) for purposes of determining compliance with this Section 6.11 during the Covenant Relief Period (but, for the avoidance of doubt, not for any other purposes under this Agreement), (A) EBITDA for the Test Period ending on March 31, 2021 shall be calculated as the sum of (w) EBITDA for the fiscal quarter ending March 31, 2021, plus (x) EBITDA for the fiscal quarter ended June 30, 2019, plus (y) EBITDA for the fiscal quarter ended September 30, 2019, plus (z) EBITDA for the fiscal quarter ended December 31, 2019; (B) EBITDA for the Test Period ending on June 30, 2021 shall be calculated as the sum of (w) EBITDA for the fiscal quarter ending March 31, 2021, plus (x) EBITDA for the fiscal quarter ending June 30, 2021, plus (y) EBITDA for the fiscal quarter ended September 30, 2019, plus (z) EBITDA for the fiscal quarter ended December 31, 2019; and (C) EBITDA for the Test Period ending on September 30, 2021 shall be calculated as the sum of (w) EBITDA for the fiscal quarter ending March 31, 2021, plus (x) EBITDA for the fiscal quarter ending June 30, 2021, plus (y) EBITDA for the fiscal quarter ended September 30, 2021, plus (z) EBITDA for the fiscal quarter ended December 31, 2019.
Sample 1
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Related to Net First Lien Leverage Ratio

  • First Lien Leverage Ratio On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15 shall not apply until the last day of the first full Fiscal Quarter ending after the Closing Date), the Borrowers shall not permit the First Lien Leverage Ratio to be greater than 7.75:1.00.

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than the following:

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Secured Leverage Ratio Permit the Secured Leverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be greater than forty percent (40%), or, for a period of four consecutive fiscal quarters following a Material Acquisition, forty-five percent (45%).

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

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