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.
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.
Net First Lien Leverage Ratio. The Parent shall not, as of the last day of each fiscal quarter of the Parent ending on and after June 30, 2025, permit the Net First Lien Leverage Ratio to be greater than 3.00 to 1.00.
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 belowon and after March 31, 2021, permit the Net First Lien Leverage Ratio to be greater than: 4.75 to 1.00.
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.
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.
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:
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.
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;”
(xxi) Section 9.04 of the Credit Agreement is hereby amended by deleting Section 9.04(f) and the provisos following such Section and substituting therefor the following: