Common use of Senior Secured Net Leverage Ratio Clause in Contracts

Senior Secured Net Leverage Ratio. Permit the Senior Secured Net Leverage Ratio as of the last day of any Test Period to be greater than 4.00 to 1.00 (commencing with the Test Period ending on the last day of the fiscal quarter ending December 31, 2016) (such compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) and Section 6.01(b) for such Test Period) (the “Leverage Covenant”).

Appears in 4 contracts

Samples: Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Quintiles IMS Holdings, Inc.), Credit Agreement (Quintiles IMS Holdings, Inc.)

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Senior Secured Net Leverage Ratio. Permit the Senior Secured Net Leverage Ratio as of the last day of any Test Period to be greater than 4.00 to 1.00 (commencing with the Test Period ending on the last day of the fiscal quarter ending December 31September 30, 20162021) (such compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) and Section 6.01(b) for such Test Period) (the “Leverage Covenant”).

Appears in 4 contracts

Samples: Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.)

Senior Secured Net Leverage Ratio. Permit the Senior Secured Net Leverage Ratio as of the last day of any Test Period ending during any period set forth in the table below to be greater than 4.00 to 1.00 (commencing with the Test Period ending on ratio set forth below opposite the period in the table below during which the last day of the fiscal quarter ending December 31, 2016) (such compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) and Section 6.01(b) for such Test Period) (the “Leverage Covenant”).Period occurs: July 1, 2012 and thereafter 3.25 to 1.0

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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Senior Secured Net Leverage Ratio. Permit the Senior Secured Net Leverage Ratio as of the last day of any Test Period ending during any period set forth in the table below to be greater than 4.00 to 1.00 (commencing with the Test Period ending on ratio set forth below opposite the period in the table below during which the last day of the fiscal quarter ending December 31such Test Period occurs: July 1, 20162012 and thereafter 3.25 to 1.0 (c) (such compliance to be determined on the basis Section 10.07. Section 10.07 of the financial information most recently delivered to the Administrative Agent pursuant to Section 6.01(a) Credit Agreement is hereby amended and Section 6.01(b) for such Test Period) (the “Leverage Covenant”).restated in its entirety as follows:

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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