Common use of Secured Leverage Ratio Clause in Contracts

Secured Leverage Ratio. The Parent will not permit the Secured Leverage Ratio as of the end of any fiscal quarter set forth below to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter End Date Secured Leverage Ratio September 30, 2009 12.00:1.00 December 31, 2009 8.50:1.00 March 31, 2010 8.50:1.00 June 30, 2010 4.00:1.00 September 30, 2010 3.75:1.00 December 31, 2010 3.50:1.00 March 31, 2011 3.50:1.00 June 30, 2011 (and thereafter) 3.25:1.00

Appears in 1 contract

Samples: Credit Agreement (American Axle & Manufacturing Holdings Inc)

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Secured Leverage Ratio. The Parent will not permit the Secured Leverage Ratio as of the end of any fiscal quarter set forth below to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter End Date Secured Leverage Date Ratio September 30, 2009 12.00:1.00 December 31, 2009 8.50:1.00 March 31, 2010 8.50:1.00 June 30, 2010 4.00:1.00 September 30, 2010 3.75:1.00 December 31, 2010 3.50:1.00 March 31, 2011 3.50:1.00 June 30, 2011 (and thereafter) 3.25:1.00

Appears in 1 contract

Samples: Credit Agreement (American Axle & Manufacturing Holdings Inc)

Secured Leverage Ratio. The Parent will not permit the Secured Leverage Ratio as of the end of any fiscal quarter set forth below to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter End Xxxxxx Xxxxxxx Xxx Date Secured Leverage Ratio September 30, 2009 12.00:1.00 December 31, 2009 8.50:1.00 March 31, 2010 8.50:1.00 June 30, 2010 4.00:1.00 September 30, 2010 3.75:1.00 December 31, 2010 3.50:1.00 March 31, 2011 3.50:1.00 June 30, 2011 (and thereafter) 3.25:1.00

Appears in 1 contract

Samples: Credit Agreement (American Axle & Manufacturing Holdings Inc)

Secured Leverage Ratio. The Parent will not permit the Secured Leverage Ratio as of the end of any fiscal quarter set forth below to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter End Date Secured Leverage Date Ratio September 30, 2008 2.75:1.00 December 31, 2008 2.50:1.00 March 31, 2009 12.00:1.00 3.00:1.00 June 30, 2009 3.50:1.00 September 30, 2009 3.00:1.00 December 31, 2009 8.50:1.00 2.75:1.00 March 31, 2010 8.50:1.00 2.75:1.00 June 30, 2010 4.00:1.00 2.75:1.00 September 30, 2010 3.75:1.00 2.75:1.00 December 31, 2010 3.50:1.00 March 31, 2011 3.50:1.00 June 30, 2011 (and thereafter) 3.25:1.002.25:1.00

Appears in 1 contract

Samples: Credit Agreement (American Axle & Manufacturing Holdings Inc)

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Secured Leverage Ratio. The Parent will not permit the Secured Leverage Ratio as of the end of any fiscal quarter set forth below to exceed the ratio set forth below with respect to such fiscal quarter: Fiscal Quarter End Date Secured Leverage Ratio September 30, 2009 12.00:1.00 14.00:1.00 December 31, 2009 8.50:1.00 10.00:1.00 March 31, 2010 8.50:1.00 10.00:1.00 June 30, 2010 4.00:1.00 4.75:1.00 September 30, 2010 3.75:1.00 4.50:1.00 December 31, 2010 3.50:1.00 4.25:1.00 March 31, 2011 3.50:1.00 4.25:1.00 June 30, 2011 (and thereafter) 3.25:1.00thereafter 3.75:1.00

Appears in 1 contract

Samples: Collateral Agreement (American Axle & Manufacturing Holdings Inc)

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