Common use of Senior Leverage Ratio Clause in Contracts

Senior Leverage Ratio. The Borrower shall not permit its Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such date: Date Maximum Senior Leverage Ratio March 31, 2006 3.50 to 1.00 June 30, 2006 3.50 to 1.00 September 30, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00

Appears in 2 contracts

Samples: Credit Agreement (Panther Expedited Services, Inc.), Credit Agreement (Panther Expedited Services, Inc.)

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Senior Leverage Ratio. The Borrower shall not permit its As of the close of business on any day on and after the Closing Date, the Senior Leverage Ratio for the twelve month period ending on any at such date set forth below to will not be greater than the maximum ratio set forth in the table below opposite the period during which such datedate occurs: Period Ratio Closing Date Maximum Senior Leverage Ratio through March 31, 2004 3.25 to 1.0 April 1, 2004 through June 30, 2004 3.25 to 1.0 July 1, 2004 through September 30, 2004 3.25 to 1.0 October 1, 2004 through December 31, 2004 3.00 to 1.0 January 1, 2005 through March 31, 2005 3.00 to 1.0 April 1, 2005 through June 30, 2005 2.75 to 1.0 July 1, 2005 through September 30, 2005 2.75 to 1.0 October 1, 2005 through December 31, 2005 2.50 to 1.0 January 1, 2006 through March 31, 2006 3.50 2.50 to 1.00 1.0 April 1, 2006 through June 30, 2006 3.50 2.25 to 1.00 1.0 July 1, 2006 through September 30, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 311.0 October 1, 2009 2.25 to 1.00 June 30, 2009 2006 and the last day of each fiscal quarter thereafter 2.00 to 1.001.0

Appears in 2 contracts

Samples: Credit Agreement (Global Cash Access, Inc.), Credit Agreement (Central Credit, LLC)

Senior Leverage Ratio. The Borrower shall not At any time during any period set forth below, permit its the Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such dateperiod: Period Ratio Closing Date Maximum Senior Leverage Ratio to September 29, 2004 4.30:1.00 September 30, 2004 to March 30, 2005 4.00:1.00 March 31, 2005 to June 29, 2005 3.85:1.00 June 30, 2005 to September 29, 2005 3.75:1.00 September 30, 2005 to December 30, 2005 3.65:1.00 December 31, 2005 to March 30, 2006 3.50:1.00 March 31, 2006 3.50 to 1.00 June December 30, 2006 3.50 to 1.00 September 303.25:1.00 December 31, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 March 31June 29, 2007 3.35 to 1.00 3.00:1.00 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 29, 2007 2.75:1.00 September 30, 2007 - March 30, 2008 2.50:1.00 March 31, 2008 2.75 to 1.00 June December 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 2.25:1.00 December 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00Tranche B Maturity Date 2.00:1.00

Appears in 2 contracts

Samples: Credit Agreement (Language Line Costa Rica, LLC), Credit Agreement (Language Line Holdings, Inc.)

Senior Leverage Ratio. The Borrower shall Borrowers will not permit its the Senior Leverage Ratio for the twelve (12) month period ending on any date set forth below to be greater than the maximum ratio amount set forth in the table below opposite for such date: Date Maximum Senior Leverage Ratio ---- ----- December 31, 2002 2.40:1.0 March 31, 2003 2.25:1.0 June 30, 2003 2.25:1.0 September 30, 2003 2.25:1.0 December 31, 2003 2.25:1.0 March 31, 2004 2.00:1.0 June 30, 2004 2.00:1.0 September 30, 2004 2.00:1.0 December 31, 2004 2.00:1.0 March 31, 2005 1.75:1.0 June 30, 2005 1.75:1.0 September 30, 2005 1.75:1.0 December 31, 2005 1.75:1.0 March 31, 2006 3.50 to 1.00 1.75:1.0 June 30, 2006 3.50 to 1.00 1.75:1.0 September 30, 2006 3.50 to 1.00 1.75:1.0 December 31,2006 3.50 to 1.00 31, 2006 1.75:1.0 March 31, 2007 3.35 to 1.00 1.50:1.0 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 1.50:1.0 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.002007 1.50:1.0

Appears in 1 contract

Samples: Credit Agreement (Atlantic Premium Brands LTD)

Senior Leverage Ratio. The Borrower shall not At any time permit its the Senior Leverage Ratio for determined as of the twelve month period ending on last day of any date Four-Quarter Period of the Borrower set forth below to be greater than the maximum ratio set forth in the table below opposite such dateFour-Quarter Period: Date Four-Quarter Period Ending: Maximum Senior Leverage Ratio December 31, 2005 3.25 to 1.00 March 31, 2006 3.50 3.75 to 1.00 June 30, 2006 3.50 3.75 to 1.00 September 30, 2006 3.50 to 1.00 December 31,2006 31, 2006 3.50 to 1.00 March 31, 2007 3.35 3.50 to 1.00 June 30, 2007 3.20 3.50 to 1.00 September 30,2007 3.10 30, 2007 3.25 to 1.00 December 31,2007 31, 2007 3.00 to 1.00 March 31, 2008 2.75 3.00 to 1.00 June 30, 2008 3.00 to 1.00 September 30, 2008 2.75 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2009 2.50 to 1.00 June 30, 2009 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2009 and each Four-Quarter Period ending thereafter 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Jarden Corp)

Senior Leverage Ratio. The Borrower shall not permit its Have a Senior Leverage Ratio for the twelve month period ending Ratio, measured on any date set forth below to be greater a month-end basis, more than the maximum applicable ratio set forth in the following table below for the applicable date set forth opposite such datethereto: Applicable Ratio Applicable Date Maximum Senior Leverage Ratio March 2.50:1.00 December 31, 2006 3.50 to 1.00 June 302.50:1.00 January 31, 2006 3.50 to 1.00 September 302007 2.50:1.00 February 28, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 2007 2.50:1.00 March 31, 2007 3.35 to 1.00 2.50:1.00 April 30, 2007 2.25:1.00 May 31, 2007 2.85:1.00 June 30, 2007 3.20 to 1.00 2.85:1.00 July 31, 2007 2.85:1.00 August 31, 2007 2.85:1.00 September 30,2007 3.10 to 1.00 30, 2007 2.85:1.00 October 31, 2007 2.85:1.00 November 30, 2007 2.85:1.00 December 31,2007 3.00 to 1.00 31, 2007 2.75:1.00 January 31, 2008 2.75:1.00 February 29, 2008 2.75:1.00 March 31, 2008 2.75 to 1.00 2.50:1.00 April 30, 2008 2.50:1.00 May 31, 2008 2.50:1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December July 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of for each fiscal quarter thereafter 2.00 to 1.00month 2.25:1.00 ending thereafter

Appears in 1 contract

Samples: Credit Agreement (Orion Healthcorp Inc)

Senior Leverage Ratio. The Borrower shall not At any time during any period set forth below, permit its the Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such dateperiod: Period Ratio Closing Date Maximum Senior Leverage Ratio to December 31, 2004 5.60 January 1, 2005 to March 31, 2005 5.45 April 1, 2005 to June 30, 2005 5.30 July 1, 2005 to September 30, 2005 5.15 October 1, 2005 to December 31, 2005 5.00 January 1, 2006 to March 31, 2006 3.50 4.75 April 1, 2006 to 1.00 June 30, 2006 3.50 4.50 July 1, 2006 to 1.00 September 30, 2006 3.50 4.25 October 1, 2006 to 1.00 December 31,2006 3.50 31, 2006 4.00 January 1, 2007 to 1.00 March 31, 2007 3.35 3.75 April 1, 2007 to 1.00 September 30, 2007 3.50 October 1, 2007 to December 31, 2007 3.25 January 1, 2008 to June 30, 2007 3.20 2008 3.00 July 1, 2008 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 31January 1, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00Tranche B Maturity Date 2.50

Appears in 1 contract

Samples: Credit Agreement (Atlantic Broadband Management, LLC)

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Senior Leverage Ratio. The Borrower shall not At any time during any period set forth below, permit its the Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such dateperiod: Period Ratio Closing Date Maximum Senior Leverage Ratio to December 31, 2004 5.60 January 1, 2005 to March 31, 2005 5.45 April 1, 2005 to June 30, 2005 5.30 July 1, 2005 to September 30, 2005 5.15 October 1, 2005 to December 31, 2005 5.00 January 1, 2006 to March 31, 2006 3.50 4.75 April 1, 2006 to 1.00 June 30, 2006 3.50 4.50 July 1, 2006 to 1.00 September 30, 2006 3.50 4.25 October 1, 2006 to 1.00 December 31,2006 3.50 31, 2006 4.00 January 1, 2007 to 1.00 March 31, 2007 3.35 3.75 April 1, 2007 to 1.00 September 30, 2007 3.50 October 1, 2007 to December 31, 2007 3.25 January 1, 2008 to June 30, 2007 3.20 2008 3.00 July 1, 2008 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.25 to 1.00 March 31January 1, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00Tranche B-1 Maturity Date 2.50

Appears in 1 contract

Samples: Credit Agreement (Atlantic Broadband Finance, LLC)

Senior Leverage Ratio. The Borrower shall not At any time during any period set forth below, permit its the Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such dateperiod: Period Ratio Closing Date Maximum Senior Leverage Ratio to December 31, 2004 5.60 January 1, 2005 to March 31, 2006 3.50 2005 5.45 April 1, 2005 to 1.00 June 30, 2006 3.50 2005 5.30 July 1, 2005 to 1.00 September 30, 2006 3.50 5.00 October 1, 2006 to 1.00 December 31,2006 3.50 to 1.00 March 31, 2007 3.35 to 1.00 June September 30, 2007 3.20 6.00 October 1, 2007 to 1.00 September 30,2007 3.10 to 1.00 December 31,2007 3.00 to 1.00 March 31, 2008 2.75 5.75 April 1, 2008 to 1.00 June 30, 2008 2.50 5.50 July 1, 2008 to 1.00 September 30, 2008 2.50 to 1.00 December 315.25 October 1, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 5.00 July 1, 2009 to 1.00September 30, 2009 4.75 October 1, 2009 to Tranche B-2 Maturity Date 4.50

Appears in 1 contract

Samples: Credit Agreement (Atlantic Broadband Finance, LLC)

Senior Leverage Ratio. The Borrower shall not At any time during any period set forth below, permit its the Senior Leverage Ratio for the twelve month period ending on any date set forth below to be greater than the maximum ratio set forth in the table below opposite such dateperiod: Period Ratio Original Closing Date Maximum Senior Leverage Ratio to September 29, 2004 4.30:1.00 September 30, 2004 to March 30, 2005 4.00:1.00 March 31, 2005 to June 29, 2005 3.85:1.00 June 30, 2005 to March 30, 2006 3.75:1.00 March 31, 2006 3.50 to 1.00 June December 30, 2006 3.50 3.50:1.00 December 31, 2006 to 1.00 September March 30, 2006 3.50 to 1.00 December 31,2006 3.50 to 1.00 2007 3.25:1.00 March 31, 2007 3.35 to 1.00 June 29, 2007 3.00:1.00 June 30, 2007 3.20 to 1.00 September 30,2007 3.10 29, 2007 2.85:1.00 September 30, 2007 to 1.00 December 31,2007 3.00 30, 2007 2.65:1.00 December 31, 2007 to 1.00 March 30, 2008 2.50:1.00 March 31, 2008 2.75 to 1.00 June December 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 2.25:1.00 December 31, 2008 2.25 to 1.00 March 31, 2009 2.25 to 1.00 June 30, 2009 and the last day of each fiscal quarter thereafter 2.00 to 1.00Tranche B-1 Maturity Date 2.00:1.00

Appears in 1 contract

Samples: Credit Agreement (Language Line, Inc.)

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