Total First Lien Net Leverage Ratio. The Initial Borrower shall not, without the written consent of the Majority Revolving Lenders, permit the Total First Lien Net Leverage Ratio on a Pro Forma Basis as at the last day of any period of four consecutive fiscal quarters of the Initial Borrower (but only if the last day of such fiscal quarter constitutes a Financial Compliance Date) to exceed 5.50 to 1.00.
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Samples: Credit Agreement (Emerald Holding, Inc.), Credit Agreement (Emerald Holding, Inc.), Credit Agreement (Emerald Expositions Events, Inc.)
Total First Lien Net Leverage Ratio. The Initial Borrower shall not, without the written consent of the Majority Revolving Lenders, permit the Total First Lien Net Leverage Ratio on a Pro Forma Basis as at the last day of any period of four consecutive fiscal quarters of the Initial Borrower commencing with the fiscal quarter ending September 30, 2013 (but only if the last day of such fiscal quarter constitutes a Financial Compliance Date) to exceed 5.50 6.00 to 1.00.
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