Common use of Senior Secured Leverage Ratio Clause in Contracts

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.

Appears in 5 contracts

Samples: Credit Agreement (Crestwood Midstream Partners LP), Credit Agreement (Crestwood Equity Partners LP), Credit Agreement (Crestwood Equity Partners LP)

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Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit Permit the Senior Secured Leverage Ratio on the last day of any fiscal quarterquarter (beginning with the fiscal quarter ended September 30, 2008, but excluding any fiscal quarter the last day of which occurs during a Covenant Suspension Period) to be in excess of 3.75 exceed 4.75 to 1.00.

Appears in 3 contracts

Samples: Credit Agreement (CAESARS ENTERTAINMENT Corp), Credit Agreement (CAESARS ENTERTAINMENT Corp), Credit Agreement (Harrahs Entertainment Inc)

Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit Permit the Senior Secured Leverage Ratio on as of the last day of any fiscal quarterFiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2017, to be in excess of 3.75 exceed 5.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Rh)

Senior Secured Leverage Ratio. Beginning at the end of the first full fiscal quarter ending after the Closing Restatement Date, for any Test Period, permit the Senior Secured Leverage Ratio on the last day of any fiscal quarter, to be in excess of greater than 3.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Summit Midstream Partners, LP)

Senior Secured Leverage Ratio. Beginning Maintain, as at the end of each fiscal quarter after the first Tranche B Effective Date, (x) in the case of any fiscal quarter ending after the Closing Dateon or prior to July 31, for any Test Period2016, permit the a Senior Secured Leverage Ratio on equal to or less than 4.00 to 1.00, and (y) in the last day case of any subsequent fiscal quarter, a Senior Secured Leverage Ratio equal to be in excess of or less than 3.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit Permit the Senior Secured Leverage Ratio on as at the last day of any fiscal quarter, Test Period to be in excess of 3.75 exceed 2.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Emergency Medical Services CORP)

Senior Secured Leverage Ratio. Beginning at the end Maintain, as of the first fiscal quarter ending after the Closing Datelast day of each Fiscal Quarter, for any Test Period, permit the a Senior Secured Leverage Ratio on of not greater than (a) for each Fiscal Quarter ending during the last day of any fiscal quarterperiod from September 30, 2016 through March 31, 2017, 3.00 to be in excess of 3.75 1.00, (b) for the Fiscal Quarter ending June 30, 2017, 3.25 to 1.00 and (c) for each Fiscal Quarter ending after June 30, 2017, 3.50 to 1.00.

Appears in 1 contract

Samples: Original Agreement (Era Group Inc.)

Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit Permit the Senior Secured Leverage Ratio on as at the last day of any period of four consecutive fiscal quarterquarters of the Borrower ending during the term of this Agreement to exceed 3.00 to 1.0 (or, during a Senior Secured Leverage Holiday Period, 3.25 to be in excess of 3.75 to 1.001.0).

Appears in 1 contract

Samples: Credit Agreement (Allscripts Healthcare Solutions, Inc.)

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Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, Xxxxx Parent will not permit the Senior Secured Leverage Ratio on Ratio, as of the last day of any each fiscal quarter, commencing with the fiscal quarter ending December 31, 2017, to be in excess of 3.75 greater than (i) 2.50 to 1.001.00 for each fiscal quarter ending on or prior to December 31, 2018, and (ii) 2.25 to 1.00 for each fiscal quarter ending on or after March 31, 2019.

Appears in 1 contract

Samples: Credit Agreement (Jones Energy, Inc.)

Senior Secured Leverage Ratio. Beginning at the end Maintain, as of the first fiscal quarter ending after the Closing Datelast day of each Fiscal Quarter, for any Test Period, permit the a Senior Secured Leverage Ratio of not greater than (a) for each Fiscal Quarter ending during the period from September 30, 2016 through March 31, 2017, 3.00 to 1.00 and (b) for each Fiscal Quarter ending on the last day of any fiscal quarteror after June 30, to be in excess of 3.75 2017, 3.25 to 1.00.

Appears in 1 contract

Samples: Agreement (Era Group Inc.)

Senior Secured Leverage Ratio. Beginning at with the end of the first fiscal quarter ending after the Closing DateSeptember 30, 2023, 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 2.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Aris Water Solutions, Inc.)

Senior Secured Leverage Ratio. Beginning at the end of the first fiscal quarter ending after the Closing Date, for any Test Period, permit the The Senior Secured Leverage Ratio on Ratio, calculated as of the last day of any each fiscal quarter, quarter shall be less than or equal to be in excess of 3.75 2.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Impax Laboratories Inc)

Senior Secured Leverage Ratio. Beginning at the end of Commencing with the first full fiscal quarter ending after the Closing Date, for any Test Period, permit the Senior Secured Leverage Ratio on at the last day end of any fiscal quarter, quarter on which the Revolving Facility Test Condition is then satisfied to be in excess of 3.75 to 1.00greater than 4.25:1.00.

Appears in 1 contract

Samples: Credit Agreement (Post Holdings, Inc.)

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