Common use of Senior Leverage Ratio Clause in Contracts

Senior Leverage Ratio. The Senior Leverage Ratio, as of the last day of each fiscal quarter of the Company and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to the following: Period Ratio Closing Date through and including July 31, 2005 2.50 to 1.00 August 1, 2005 through and including April 30, 2006 2.25 to 1.00 May 1, 2006 and thereafter 2.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Newark Group Inc)

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Senior Leverage Ratio. The Senior Leverage Ratio, as As of the last day of each fiscal quarter of the Company (commencing June 30, 2016), the Company shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Company then ended to be more than the amount set forth below for such fiscal quarter: Fiscal Quarter Ending Level June 30, 2016 3.30 to 1.00 September 30, 2016, and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to the following: Period Ratio Closing Date through and including July December 31, 2005 2.50 2016 3.85 to 1.00 August 1March 31, 2005 through and including April 2017 3.575 to 1.00 June 30, 2006 2.25 to 1.00 May 12017, 2006 and each fiscal quarter thereafter 2.00 3.30 to 1.00

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cti Industries Corp)

Senior Leverage Ratio. The Senior Leverage RatioCompany shall not, as of the last day close of each any fiscal quarter of the Company and its Subsidiaries occurring during the periods indicated set forth below, shall permit the Senior Leverage Ratio to be less more than or equal the amount set forth to the followingright of such closing date: Period Senior Leverage Ratio Closing Date through and including July 31, 2005 2.50 Shall As of Close of Not Be More Than: -------------- ----------------- 2nd fiscal quarter of 4.15 to 1.00 August 1, 2005 through and including April 30, 2006 2.25 1 fiscal year 2001 3rd fiscal quarter of 3.90 to 1.00 May 1, 2006 and thereafter 2.00 1 fiscal year 2001 each fiscal quarter 3.70 to 1.001 thereafter

Appears in 1 contract

Samples: Credit Agreement (General Binding Corp)

Senior Leverage Ratio. The Senior Leverage Ratio, as As of the last day of each fiscal quarter of the Company, the Company shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Company then ended to be more than the amount set forth below for such fiscal quarter: Fiscal Quarter Ending Level June 30, 2012 and its Subsidiaries occurring during the periods indicated belowSeptember 30, shall be less than or equal 2012 3.65 to the following: Period Ratio Closing Date through and including July 1.00 December 31, 2005 2.50 2012 and March 31, 2013 3.40 to 1.00 August 1, 2005 through and including April June 30, 2006 2.25 2013, and September 30, 2013 3.60 to 1.00 May 1Fiscal Quarter Ending Level December 31, 2006 2013 3.30 to 1.00 March 31, 2014 3.05 to 1.00 June 30, 2014, and September 30, 2014 2.75 to 1.00 December 31, 2014 4.70 to 1.00 March 31, 2015 4.15 to 1.00 June 30, 2015 3.85 to 1.00 September 30, 2015, and December 31, 2015 3.60 to 1.00 March 31, 2016, and each fiscal quarter thereafter 2.00 3.30 to 1.001.00 ”

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cti Industries Corp)

Senior Leverage Ratio. The Senior Leverage Ratio, as As of the last day of each fiscal quarter of the Company and its Subsidiaries occurring during Borrower (commencing June 30, 2010), the periods indicated below, Borrower shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Borrower then ended to be less more than or equal to the followingamount set forth below for such fiscal quarter: Period Ratio Closing Date through and including July Fiscal Quarter Ending Level March 31, 2005 2.50 2010, June 30, 2010, September 30, 2010, and December 31, 2010 3.50 to 1.00 August 1March 31, 2005 through 2011 and including April June 30, 2006 2.25 2011 3.25 to 1.00 May 1September 30, 2006 2011 and December 31, 2011 3.00 to 1.00 March 31, 2012 and each fiscal quarter thereafter 2.00 2.75 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Cti Industries Corp)

Senior Leverage Ratio. The Company will not permit the Senior Leverage Ratio, Ratio as of the last day of each any fiscal quarter of ending during any period set forth below to exceed the Company and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to the followingratio set forth below opposite such period: 100 Period Ratio Closing Date through March 31, 2003 to and including July December 31, 2005 2.50 2003 3.75 to 1.00 August January 1, 2005 through 2004 to and including April 30December 31, 2006 2.25 2004 3.50 to 1.00 May 1, 2006 and thereafter 2.00 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Fisher Scientific International Inc)

Senior Leverage Ratio. The Company will maintain its Senior Leverage Ratio, determined as of the last day end of each fiscal quarter of the Company and its Subsidiaries occurring during the periods indicated each fiscal quarter described below, shall be less at not more than or equal the ratio set forth below opposite such quarter: Maximum Senior Fiscal Quarter Ending Leverage Ratio ----------------------------- -------------- June 30, 2004 4.00 to the following: Period Ratio Closing Date through and including July 1.00 September 30, 2004 3.25 to 1.00 December 31, 2004 2.75 to 1.00 March 31, 2005 and thereafter 2.50 to 1.00 August 1, 2005 through and including April 30, 2006 2.25 to 1.00 May 1, 2006 and thereafter 2.00 to 1.00

Appears in 1 contract

Samples: Securities Purchase Agreement (Health Fitness Corp /Mn/)

Senior Leverage Ratio. The Senior Leverage Ratio, as As of the last day of each fiscal quarter of the Company, the Company shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Company then ended to be more than the amount set forth below for such fiscal quarter: Fiscal Quarter Ending Level June 30, 2012 and its Subsidiaries occurring during the periods indicated belowSeptember 30, shall be less than or equal 2012 3.65 to the following: Period Ratio Closing Date through and including July 1.00 December 31, 2005 2.50 2012 and March 31, 2013 3.40 to 1.00 August 1, 2005 through and including April June 30, 2006 2.25 2013 and September 30, 2013 3.10 to 1.00 May 1December 31, 2006 2013, and each fiscal quarter thereafter 2.00 2.75 to 1.00

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cti Industries Corp)

Senior Leverage Ratio. The Senior Leverage Ratio, as Ratio at the end of each quarter of a Fiscal Year for the rolling four (4) quarter period ending on the last day of each quarter of a Fiscal Year shall not exceed 2.5:1 for each of the fiscal quarters up to and including the fiscal quarter ending December 31, 1999, 2.25:1 for each of the Company and its Subsidiaries occurring during the periods indicated belowfiscal quarters ending after December 31, shall be less than or equal 1999 up to the following: Period Ratio Closing Date through and including July the fiscal quarter ending December 31, 2005 2.50 2000 2.0:1 for each of the fiscal quarters ending after December 31, 2000 up to 1.00 August 1, 2005 through and including April 30the fiscal quarter ending December 31, 2006 2.25 to 1.00 May 1, 2006 2001 and thereafter 2.00 to 1.001.75:1 for any fiscal quarter ending thereafter.

Appears in 1 contract

Samples: Loan Agreement (North Face Inc)

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Senior Leverage Ratio. The Holding and Company shall not permit the Senior Leverage Ratio, Ratio as of the last day of each fiscal quarter of any Fiscal Quarter specified below to exceed the Company and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to the followingcorrelative ratio indicated: Period Fiscal Quarters Ending Senior Leverage Ratio Closing Date through and including July March 31, 2005 2.50 to 1.00 August 1, 2005 2003 through and including April June 30, 2006 2.25 to 1.00 May 13.50:1.00 September 30, 2006 and thereafter 2.00 to 1.00through December 31, 2006 3.25:1.00 March 31, 2007 through December 31, 2007 3.00:1.00 March 31, 2008 through December 31, 2008 2.75:1.00 Thereafter 2.50:1.00

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Houghton Mifflin Co)

Senior Leverage Ratio. The Holding and Company shall not permit the Senior Leverage Ratio, Ratio as of the last day of each fiscal quarter of any Fiscal Quarter specified below to exceed the Company and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to the followingcorrelative ratio indicated: Period Fiscal Quarters Ending Senior Leverage Ratio Closing Date through and including July March 31, 2003 through June 30, 2005 2.50 to 1.00 August 13.00:1.00 September 30, 2005 through and including April June 30, 2006 2.25 to 1.00 May 12.75:1.00 September 30, 2006 and thereafter 2.00 to 1.00through December 31, 2006 2.50:1.00 March 31, 2007 through December 31, 2007 2.25:1.00 Thereafter 2.00:1.00

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Houghton Mifflin Co)

Senior Leverage Ratio. The Senior Leverage Ratio, as As of the last day of each fiscal quarter of the Company, the Company shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Company then ended to be more than the amount set forth below for such fiscal quarter: Fiscal Quarter Ending Level June 30, 2013, and its Subsidiaries occurring during the periods indicated belowSeptember 30, shall be less than or equal 2013 3.60 to the following: Period Ratio Closing Date through and including July 1.00 December 31, 2005 2.50 2013 3.30 to 1.00 August 1March 31, 2005 through and including April 2014 3.05 to 1.00 June 30, 2006 2.25 to 1.00 May 12014, 2006 and each fiscal quarter thereafter 2.00 2.75 to 1.00

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Cti Industries Corp)

Senior Leverage Ratio. The Permit the Senior Leverage Ratio, Ratio as of at the last day of each any fiscal quarter of the Company and its Subsidiaries occurring during ending in any period set forth below to exceed the periods indicated below, shall be less than or equal to the followingratio set forth below opposite such period: Senior Period Leverage Ratio ------ -------------- Closing Date through and including July 31, 2005 2.50 to 1.00 August 1, 2005 through and including April 30, 2006 2.25 12/31/1999 0.50 to 1.00 May 1, 2006 1.0 3/31/2000 to 12/31/2001 0.45 to 1.0 3/31/2002 to 12/31/2003 0.40 to 1.0 3/31/2004 and thereafter 2.00 0.35 to 1.001.0

Appears in 1 contract

Samples: Credit Agreement (Grove Investors Capital Inc)

Senior Leverage Ratio. The Senior Leverage Ratio, as As of the last day of each fiscal quarter of the Company Borrower (commencing June 30, 2016), the Borrower shall not permit the Senior Leverage Ratio for the four fiscal quarters of the Borrower then ended to be more than the amount set forth below for such fiscal quarter: Fiscal Quarter Ending Level June 30, 2016 3.00 to 1.00 September 30, 2016, and its Subsidiaries occurring during the periods indicated below, shall be less than or equal to the following: Period Ratio Closing Date through and including July December 31, 2005 2.50 2016 3.50 to 1.00 August 1March 31, 2005 through and including April 2017 3.25 to 1.00 June 30, 2006 2.25 to 1.00 May 12017, 2006 and each fiscal quarter thereafter 2.00 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Cti Industries Corp)

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