Common use of Senior Net Leverage Ratio Clause in Contracts

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

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 2017 4.50 to 1.00 March 31, 2018 and each fiscal quarter ending thereafter through and including the fiscal quarter ending March 31, 2019 4.25 to 1.00 June 30, 2019 3.75 to 1.00 September 30, 2017 2.00 2019 3.25 to 1.00 December 31, 2017 2019 and each fiscal quarter ending thereafter 3.00 to 1.00

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 3.00 to 1.00 December 31, 2017 4.50 to 1.00 March 31, 2018 3.50 to 1.00 June 30, 2018 3.25 to 1.00 September 30, 2018 and each fiscal quarter ending thereafter 3.00 to 1.00

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 SeniorNet Leverage Ratio December 31, 2016 and each fiscal quarter ending thereafter through and including the fiscal quarter ending September June 30, 2017 2.00 to 1.00 September 30, 2017 3.00 to 1.00 December 31, 2017 4.50 to 1.00 March 31, 2018 3.50 to 1.00 June 30, 2018 3.25 to 1.00 September 30, 2018 and each fiscal quarter ending thereafter 3.00 to 1.00

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 <2017> 2018 <4.50 to 1.00>$8,500,000 March 31, 2018 and each fiscal quarter ending thereafter through and including the fiscal quarter ending March 31, 2019 4.25 to 1.00 June 30, 2019 3.75 to 1.00 September 30, 2017 2.00 2019 3.25 to 1.00 December 31, 2017 2019 and each fiscal quarter ending thereafter 3.00 to 1.00