Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as of the last day of each Fiscal Quarter, permit the Senior Leverage Ratio to be greater than 1.00 to 1.00.
Appears in 3 contracts
Samples: Credit Agreement (Fortegra Group, LLC), Credit Agreement (Fortegra Group, LLC), Credit Agreement (Tiptree Inc.)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as of the last day of each Fiscal Quarter, The Borrower will not permit the Senior Leverage Ratio to be greater than 1.00 2.25 to 1.00, determined on the last day of each fiscal quarterly period for the four fiscal quarters ending on such date.
Appears in 3 contracts
Samples: Credit Agreement (Heartland Payment Systems Inc), Credit Agreement (Heartland Payment Systems Inc), Credit Agreement (Heartland Payment Systems Inc)
Senior Leverage Ratio. Commencing with The Borrowers will not permit the Fiscal Quarter ending September 30, 2020, the Borrowers shall notSenior Leverage Ratio, as of the last day of each Fiscal Quarterany fiscal quarter, permit the Senior Leverage Ratio to be greater more than 1.00 4.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Dolan Media CO), Credit Agreement (Dolan Media CO)
Senior Leverage Ratio. Commencing with The Borrowers shall not, as of the Fiscal Quarter ending September 30last day of each fiscal quarter of the Consolidated Group during such period, 2020permit the Senior Leverage Ratio to be greater than 3.75 to 1.00; provided that, during any Temporary Increase period, the Borrowers shall not, as of the last day of each Fiscal Quartersuch fiscal quarter of the Consolidated Group during such period, permit the Senior Leverage Ratio to be greater than 1.00 4.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek Logistics Partners, LP)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30December 31, 20202022, the Borrowers shall not, as of the last day of each Fiscal Quarter, permit the Senior Leverage Ratio to be greater than 1.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Fortegra Group, Inc), Credit Agreement (Tiptree Inc.)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as As of the last day of each Fiscal Quarterany fiscal quarter of the Borrower, permit the Senior Leverage Ratio to be greater than 1.00 2.0 to 1.001.0.
Appears in 2 contracts
Samples: Credit Agreement (Eresearchtechnology Inc /De/), Credit Agreement (Eresearchtechnology Inc /De/)
Senior Leverage Ratio. Commencing with The Borrowers will not permit the Fiscal Quarter ending September 30, 2020, the Borrowers shall notSenior Leverage Ratio, as of the last day of each Fiscal Quarterany fiscal quarter, permit the Senior Leverage Ratio to be greater more than 1.00 3.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Dolan Media CO), Credit Agreement (Dolan Media CO)
Senior Leverage Ratio. Commencing with At all times during the Fiscal Quarter ending September 30, 2020term hereof, the Borrowers Senior Leverage Ratio shall notnot be greater than 1.0:1.0, in each case determined as of at the last day of each Fiscal Quarterfiscal quarter, permit beginning with the Senior Leverage Ratio to be greater than 1.00 to 1.00fiscal quarter ending on September 30, 2003.
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Senior Leverage Ratio. Commencing As of the end of any fiscal quarter of the Borrower and the Limited Partner (commencing with the Fiscal Quarter ending September 30fiscal quarter ended December 31, 20202010), the Borrowers shall not, as of the last day of each Fiscal Quarter, permit the Senior Leverage Ratio to shall not be greater than 1.00 3.75 to 1.00.
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Senior Leverage Ratio. Commencing with the Fiscal Quarter fiscal quarter ending September 30December 31, 20202021, the Borrowers Borrower and its Subsidiaries shall not, as of the last day of each Fiscal Quarterfiscal quarter of the Borrower ending during the periods specified below, permit the Senior Leverage Ratio to be greater than 1.00 to 1.002.00:1.00.
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Senior Leverage Ratio. Commencing with The Borrower will not permit the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, Senior Leverage Ratio as of the last day of each Fiscal Quarter, permit the Senior Leverage Ratio any fiscal quarter to be greater than 1.00 (a) 3.5 to 1.001.0; and (b) 3.0 to 1.0 if at the end of such fiscal quarter Subordinated Indebtedness is outstanding.
Appears in 1 contract
Samples: Credit Agreement (Lason Inc)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as of the last day of each Fiscal Quarter, The Borrower will not permit the Senior Leverage Ratio to be greater than 2.25 to 1.00 to 1.00as of the end of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending December 31, 2009.
Appears in 1 contract
Samples: Bridge Loan Agreement (Heartland Payment Systems Inc)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers The Borrower shall not, as of the last day of each Fiscal Quarterany fiscal quarter, permit the Senior Leverage Ratio to be greater than 1.00 exceed 2.25 to 1.001.0.
Appears in 1 contract
Samples: Credit Agreement (Cardtronics Inc)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as As of the last day end of each Fiscal Quarter--------------------- Quarter through the last Saturday of September, 1999, Borrower shall not permit the its Senior Leverage Ratio to be greater than exceed 2.75 to 1.00 and as of the end of each Fiscal Quarter thereafter, Borrower shall not permit its Senior Leverage Ratio to exceed 2.50 to 1.00.
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Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as As of the last day of each Fiscal Quarterany fiscal quarter, during any period set forth below, the Borrower will not permit the Senior Leverage Ratio for the four fiscal quarters immediately ending prior to the date of determination to be greater than 1.00 to 1.002.75:1.00.
Appears in 1 contract
Samples: Credit Agreement (Lecroy Corp)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers shall not, as of the last day of each Fiscal Quarter, The Borrower will not permit the Senior Leverage Ratio (tested at the end of each fiscal quarter) to be greater than (a) 2.25 to 1.00 at the end of any fiscal quarter occurring during the period from and including December 31, 2001 through September 30, 2003, (b) 2.20 to 1.001.00 at the end of any fiscal quarter occurring during the period from and including December 31, 2003 through September 30, 2004, (c) 1.90 to 1.00 at the end of any fiscal quarter occurring during the period from and including December 31, 2004 through September 30, 2005 and (d) 1.50 to 1.00 thereafter."
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Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30The Borrower will not permit its Senior Leverage Ratio, 2020, the Borrowers shall not, determined as of the last day end of each Fiscal Quarterof its fiscal quarters, permit to exceed 2.50 to 1.00 starting with the Senior Leverage Ratio fiscal quarter ending February 28, 2006 through the last fiscal quarter of Borrower’s fiscal year 2006, 2.25 to be greater than 1.00 from the first fiscal quarter of Borrower’s fiscal year 2007 through the third quarter of Borrower’s fiscal year 2007, and 2.00 to 1.001.00 thereafter.
Appears in 1 contract
Samples: Credit Agreement (Matrix Service Co)
Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the Borrowers The Borrower shall not, as of the last day of each Fiscal Quarterany fiscal quarter of the Borrower, permit the Senior Leverage Ratio to be greater than 1.00 to 1.003.25.
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Senior Leverage Ratio. Commencing with the Fiscal Quarter ending September 30, 2020, the The Borrowers shall not, not permit the Senior Leverage Ratio as of the last day of each any Fiscal Quarter, permit the Senior Leverage Ratio Quarter to be greater than 1.00 2.25 to 1.00.
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Senior Leverage Ratio. Commencing with Borrower shall not permit the Fiscal Quarter ending September 30, 2020, the Borrowers shall notSenior Leverage Ratio, as of the last day of each Fiscal Quarterany fiscal quarter of the Companies, permit commencing with the Senior Leverage Ratio fiscal quarter ending December 31, 2010, to be greater than 1.00 4.25 to 1.001.0.
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Senior Leverage Ratio. Commencing with the Fiscal Quarter fiscal quarter ending September 30March 31, 20202023, the Borrowers Borrower and its Subsidiaries shall not, as of the last day of each Fiscal Quarterfiscal quarter of the Borrower ending during the periods specified below, permit the Senior Leverage Ratio to be greater than 1.00 to 1.002.00:1.00.
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Senior Leverage Ratio. Commencing with Borrower shall not permit the Fiscal Quarter ending September 30, 2020, the Borrowers shall notSenior Leverage Ratio, as of the last day of each Fiscal Quarterany fiscal quarter of the Companies during the following periods, permit the Senior Leverage Ratio to be greater than the ratio set forth opposite such period below: During fiscal year 2013 3.50 to 1.00 During fiscal year 2014 3.25 to 1.00 March 31, 2015 and thereafter 3.00 to 1.00.
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