Senior Net Leverage Ratio Sample Clauses

Senior Net Leverage Ratio. Maintain as of the end of each fiscal quarter, a Senior Net Leverage Ratio for Quantum and its Subsidiaries, on a consolidated basis, of not greater than the ratio set forth below for each four (4) consecutive fiscal quarter period then ended set forth below: Fiscal Quarter Ending Maximum Senior Net Leverage Ratio December 31, 2016 and each fiscal quarter ending thereafter through and including the fiscal quarter ending September 30, 2017 2.00 to 1.00 December 31, 2017 and each fiscal quarter ending thereafter 3.00 to 1.00
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Senior Net Leverage Ratio. Not permit the Senior Net Leverage Ratio as of the last day of any Computation Period to exceed the applicable ratio set forth below for that Computation Period: Notwithstanding anything herein to the contrary (x) with respect to any provision of the Loan Documents that references compliance or satisfaction with the Senior Net Leverage Ratio required by this Section 9.2.12(ii) prior to December 31, 2020, such provision shall be deemed to refer to the Senior Net Leverage Ratio required as of December 31, 2020 and (y) the Borrowers and the Administrative Agent shall negotiate in good faith to reset the maximum Senior Net Leverage Ratios permitted under this Section 9.2.12(ii) to reflect the impact of any Debt incurred in connection with any Permitted Acquisition as permitted hereunder.
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Senior Net Leverage Ratio. Cause Loan Parties on a Consolidated Basis to maintain as of the end of the fiscal quarter ending September 30, 2021 and as of the end of each fiscal quarter ending thereafter, a Senior Net Leverage Ratio tested as of such date of not greater than 2.50 to 1.00.
Sample 1Sample 2Sample 3
Senior Net Leverage Ratio. The Borrower will not permit the Senior Net Leverage Ratio, at any time during the periods set forth below, to be greater than the ratio set forth below opposite the such period: fiscal quarter ending March 31, 2011 through the fiscal quarter ending December 31, 2011 * fiscal quarter ending March 31, 2012 through the fiscal quarter ending September 30, 2012 * fiscal quarter ending December 31, 2012 and thereafter * ; provided that as of August 1, 2012, the foregoing covenant shall be deleted in its entirety and replaced with the following: The Borrower will not permit the Senior Leverage Ratio, at any time during the periods set forth below, to be greater than the ratio set forth below opposite the such period: fiscal quarter ending September 30, 2012 * fiscal quarter ending December 31, 2012 and thereafter * ; provided further, that, notwithstanding the foregoing, following a Specified Availability Increase, the foregoing covenant shall be deleted in its entirety and replaced with the following: The Borrower will not permit the Senior Leverage Ratio, at any time during the periods set forth below, to be greater than the ratio set forth below opposite the such period: From the fiscal quarter in which the Specified Availability Increase occurs through the two subsequent fiscal quarters * Thereafter * Notwithstanding anything to the contrary herein, in no event shall a revision of the financial covenant in this Section 7.1 following a Specified Availability Increase result in a higher maximum Senior Leverage Ratio at any time following such Specified Availability Increase than the maximum Senior Net Leverage Ratio or maximum Senior Leverage Ratio, as applicable, that would have otherwise been applicable absent the occurrence of such Specified Availability Increase. * Confidential terms omitted and provided separately to the Securities and Exchange Commission.
Sample 1
Senior Net Leverage Ratio. The Credit Parties will not permit the Senior Net Leverage Ratio of the Credit Parties and their Subsidiaries to be greater than 4.25 to 1.00 as of the last day of any Testing Period.
Sample 1
Senior Net Leverage Ratio. Borrower shall not permit the Senior Net Leverage Ratio to be: (a) greater than 3.00 to 1.00 as of the end of the Fiscal Quarters ending March 31, 2023; June 30, 2023 and September 30, 2023; (b) greater than 2.75 to 1.00 as of the end of the Fiscal Quarters ending December 31, 2023; March 31, 2024; June 30, 2024 and September 30, 2024; (c) greater than 2.50 to 1.00 as of the end of the Fiscal Quarters ending December 31, 2024; March 31, 2025; June 30, 2025 and September 30, 2025; (d) greater than 2.25 to 1.00 as of the end of the Fiscal Quarters ending December 31, 2025; March 31, 2026; June 30, 2026 and September 30, 2026; (e) greater than 2.00 to 1.00 as of the end of any Fiscal Quarter ending after September 30, 2026.
Sample 1
Senior Net Leverage Ratio. The Credit Parties will not permit the Senior Net Leverage Ratio of the Credit Parties and their Subsidiaries to be greater than 3.50 to 1.00 as of the last day of any Testing Period; provided, that if the Credit Parties consummate a Material Acquisition in accordance with this Agreement, for a period of up to four consecutive fiscal quarters of the Borrower including the fiscal quarter in which such Material Acquisition occurs (the “Step-Up Period”), the Credit Parties may permit the Senior Net Leverage Ratio to exceed such ratio, but in no event shall the ratio exceed 4.00 to 1.00. Each Step-Up Period shall end on the earlier of (i) the last day of any Testing Period for which the Senior Net Leverage Ratio no longer exceeds 3.50 to 1.00 or (ii) the last day of the four consecutive fiscal quarter period described above. No subsequent Step-Up Period may commence until at least one full fiscal quarter of the Borrower has passed following the end of the immediately preceding Step-Up Period.
Sample 1
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Senior Net Leverage Ratio. The Borrower will not permit the Senior Net Leverage Ratio on any Testing Date, commencing with the Testing Date occurring on March 31, 2024, to be greater than 3.50 to 1.00.
Sample 1

Related to Senior Net Leverage Ratio

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: Period Ratio ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • Consolidated Senior Leverage Ratio As of the end of each fiscal quarter of the members of the Consolidated Group, the Consolidated Senior Leverage Ratio shall not be greater than the ratio set forth below: Fiscal Quarter End Ratio ------------------ ----- December 31, 2000 3.00:1.0 March 31, 2001 3.10:1.0 June 30, 2001 3.10:1.0 September 30, 2001 2.75:1.0 December 31, 2001 and thereafter 2.50:1.0 1.6 Clause (c) of Section 7.9 of the Credit Agreement is amended to read as follows:

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

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