Common use of Secured Net Leverage Ratio Clause in Contracts

Secured Net Leverage Ratio. (i) The Borrower will not permit the Secured Net Leverage Ratio as of the last day of any fiscal quarter (beginning with the end of the first full fiscal quarter after the Closing Date) to exceed the ratio set forth opposite such period below: Any Fiscal Quarter (i.e. March 31, June 30, September 30 and December 31) in the Four Fiscal Quarter Period Ending Maximum Secured Net Leverage Ratio December 31, 2016 4.50:1.00 December 31, 2017 4.00:1.00 December 31, 2018 3.50:1.00 December 31, 2019 and thereafter 3.00:1.00

Secured Net Leverage Ratio. (i) The Borrower will not permit the Secured Net Leverage Ratio as of the last day of any fiscal quarter (beginning with the end of the first full fiscal quarter after the Closing Date) to exceed the ratio set forth opposite such period below: Any Fiscal Quarter (i.e. March 31, June 30, September 30 and December 31) in the Four Fiscal Quarter Period Ending Maximum Secured Net Leverage Ratio December 31, 2015 4.75:1.00 December 31, 2016 4.50:1.00 December 31, 2017 4.00:1.00 December 31, 2018 3.50:1.00 December 31, 2019 and thereafter 3.00:1.00

Secured Net Leverage Ratio. (i) The Borrower will not permit the Secured Net Leverage Ratio as As of the last day of any fiscal quarter (beginning with ending during the end of periods specified below, permit the first full fiscal quarter after Secured Net Leverage Ratio to be greater than the Closing Date) to exceed the corresponding ratio set forth opposite such period below: Any Fiscal Quarter (i.e. March 31, June 30, September 30 and December 31) in the Four Fiscal Quarter Period Ending Maximum Secured Net Leverage Ratio December 31, 2016 4.50:1.00 December 31, 2017 4.00:1.00 December 3129, 2018 3.50:1.00 December 31through June 29, 2019 3.50 to 1.00 June 30, 2019 through March 28, 2020 3.25 to 1.00 March 29, 2020 through April 3, 2021 3.00 to 1.00 April 4, 2021 and thereafter 3.00:1.002.75 to 1.00

Secured Net Leverage Ratio. (i) The Borrower will not Not permit the Secured Net Leverage Ratio as of the last day of any fiscal quarter (beginning with the end of the first full fiscal quarter after the Closing Date) set forth below to exceed the corresponding ratio set forth opposite such period belowforth: Any Fiscal Quarter (i.e. Total Net Leverage Ratio June 30, 2022 7.00:1.00 September 30, 2022 6.00:1.00 December 31, 2022 5.00:1.00 March 31, 2023 4.00:1.00 June 30, 2023 3.00:1.00 September 30 and December 31) in the Four Fiscal Quarter Period Ending Maximum Secured Net Leverage Ratio 30, 2023 2.00:1.00 December 31, 2016 4.50:1.00 December 31, 2017 4.00:1.00 December 31, 2018 3.50:1.00 December 31, 2019 2023 and thereafter 3.00:1.001.50:1.00

Secured Net Leverage Ratio. (i) The Borrower will not permit the Secured Net Leverage Ratio as As of the last day of any fiscal quarter (beginning with ending during the end of periods specified below, permit the first full fiscal quarter after Secured Net Leverage Ratio to be greater than the Closing Date) to exceed the corresponding ratio set forth opposite such period below: Any Fiscal Quarter (i.e. March 31, June 30, September 30 and December 31) in the Four Fiscal Quarter Period Ending Maximum Secured Net Leverage Ratio December 31, 2016 4.50:1.00 December 31, 2017 4.00:1.00 December 3129, 2018 3.50:1.00 through December 3126, 2019 2020 3.75 to 1.00 December 27, 2020 and thereafter 3.00:1.003.00 to 1.00 ”