Senior Secured Leverage Ratio. The Borrower shall not permit the Senior Secured Leverage Ratio (a) as of the last day of each fiscal quarter ending after the Amendment No. 2 Effective Date and on or before December 31, 2017 to be more than 4.50 to 1.00; and (b) as of the last day of each fiscal quarter ending on or after March 31, 2018, to be more than 3.50 to 1.00.
Senior Secured Leverage Ratio. Holdings and the Borrower will not permit the Senior Secured Leverage Ratio as of the last day of a fiscal quarter set forth below to exceed the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- December 31, 2003 4.75 to 1.00 March 31, 2004 4.75 to 1.00 June 30, 2004 4.75 to 1.00 September 30, 2004 4.75 to 1.00 December 31, 2004 4.50 to 1.00 March 31, 2005 4.50 to 1.00 June 30, 2005 4.25 to 1.00 September 30, 2005 4.25 to 1.00 December 31, 2005 4.00 to 1.00 March 31, 2006 4.00 to 1.00 June 30, 2006 3.75 to 1.00 September 30, 2006 3.75 to 1.00 December 31, 2006 3.25 to 1.00 March 31, 2007 3.25 to 1.00 June 30, 2007 3.00 to 1.00 September 30, 2007 3.00 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2.75 to 1.00 June 30, 2008 2.75 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, 2009 2.50 to 1.00 December 31, 2009 2.25 to 1.00
Senior Secured Leverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of (i) Senior Secured Debt on such calculation date to (ii) Adjusted EBITDA, as of the last day of such fiscal quarter, to be greater than 3.00 to 1.00.
Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit the Senior Secured Leverage Ratio on the last day of any fiscal quarter, to be in excess of 3.75 to 1.00.
Senior Secured Leverage Ratio. Permit the Senior Secured Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.00 to 1.00.
Senior Secured Leverage Ratio. The Parent will not, as of the last day of any fiscal quarter, permit the Senior Secured Leverage Ratio as of such date, to be greater than to be greater than 3.00 to 1.00.
Senior Secured Leverage Ratio. The Borrowers shall not at any time permit the Senior Secured Leverage Ratio, calculated as of the end of each fiscal quarter, to exceed the maximum ratio set forth below for such fiscal quarter;
Senior Secured Leverage Ratio. The Company will not permit the Senior Secured Leverage Ratio on the last day of any of the Company’s fiscal quarters ending prior to December 31, 2025 to exceed 4.75 to 1.00 and will not permit the Senior Secured Leverage Ratio on the last day of any of the Company’s fiscal quarters ending on or after December 31, 2025 to exceed 3.75 to 1.00.
Senior Secured Leverage Ratio. Unless compliance herewith is waived by the Majority Lenders under the Revolving Facility, the Borrower will not permit for any Test Period ending on the last date of any Fiscal Quarter, the Senior Secured Leverage Ratio to exceed 3.75 to 1.00.
Senior Secured Leverage Ratio. Prior to the Investment Grade Date, the Borrower will not permit its Consolidated Senior Secured Leverage Ratio to be in excess of 2.50 to 1.00 as of the last day of any Test Period.
