Total Gross Leverage Ratio Sample Clauses

Total Gross Leverage Ratio. On the Funding Date, the Borrower and its Restricted Subsidiaries shall be in compliance, on a Pro Forma Basis, with a Total Gross Leverage Ratio of not greater than 8.00:1.00.
Sample 1
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Total Gross Leverage Ratio. The Borrower will not permit the Total Gross Leverage Ratio: (a) on the last day of any Fiscal Quarter of the Borrower which ends during the Fiscal Year ending on December 31, 2019, to be greater than 8.00:1.00; (b) on the last day of any Fiscal Quarter of the Borrower which ends during the Fiscal Year ending on December 31, 2020, to be greater than 7.50:1.00; (c) on the last day of any Fiscal Quarter of the Borrower which ends during the Fiscal Year ending on December 31, 2021, to be greater than 7.25:1.00; (d) on the last day of any Fiscal Quarter of the Borrower which ends during the Fiscal Year ending on December 31, 2022, to be greater than 6.75:1.00.
Sample 1
Total Gross Leverage Ratio. The Loan Parties shall not permit the ratio of Funded Debt of the Borrowers and their consolidated Subsidiaries minus $10,000,000 to Consolidated EBITDA, calculated as of the end of each fiscal quarter for the four (4) immediately preceding fiscal quarters, beginning with the fiscal quarter first ending after the Closing Date and continuing thereafter, to exceed 3.75 to 1.00 (the “Total Gross Leverage Ratio”).
Sample 1
Total Gross Leverage Ratio. The Fiscal Quarter in which the Closing Date occurs and each of the next two succeeding Fiscal Quarters 3.75 to 1.00 Each of the next two succeeding Fiscal Quarters, the second of which will occur no later than the last day of Fiscal Year 2020 3.50 to 1.00 Each of the next two succeeding Fiscal Quarters, the first of which will occur no later than the Fiscal Quarter ending March 31, 2021 3.00 to 1.00 Each of the next two succeeding Fiscal Quarters 2.50 to 1.00 Each of the next two succeeding Fiscal Quarters 2.25 to 1.00 Each of the next two succeeding Fiscal Quarters 2.00 to 1.00 Each of the next two succeeding Fiscal Quarters 1.75 to 1.00 Each Fiscal Quarter thereafter 1.50 to 1.00
Sample 1
Total Gross Leverage Ratio. (Section 6.7(d)) (upon the occurrence of the Financial Covenant Change Event) – NOTE – below calculation is on a consolidated basis Required: 2.00:1.00 Actual: :1.00 A. Aggregate amount of Indebtedness of Borrower and its Subsidiaries outstanding $ B. Line III.F. (trailing 12 month Adjusted EBITDA) $ C. Total Gross Leverage Ratio (line A divided by line B) Is line C equal to or greater than 2.00:1:00? No, not in compliance Yes, in compliance N/A as covenant need not be tested for such quarter per Section 6.7(d)
Sample 1
Total Gross Leverage Ratio. Solely with respect to the Revolving Credit Facility, the Borrower will not permit the Total Gross Leverage Ratio as of the last day of any Test Period (commencing with the Test Period ending September 30, 2017) to be greater than the ratio set forth below opposite such period: Closing Date through September 30, 2017 5.25 to 1.00 December 31, 2017 through September 30, 2018 4.25 to 1.00 December 31, 2018 and thereafter 3.50 to 1.00
Sample 1

Related to Total Gross Leverage Ratio

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Maximum Total Leverage Ratio The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.

  • Maximum Leverage Ratio The Borrower shall not permit its Leverage Ratio to be greater than 2.75 to 1.00 as at the end of each fiscal quarter.

  • Total Leverage Ratio The Borrowers will not permit the Total Leverage Ratio on the last day of any fiscal quarter to exceed 3.75 to 1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Maximum Senior Leverage Ratio Permit the Senior Leverage Ratio on the last day of any fiscal quarter during any period set forth below to be greater than the ratio set forth opposite such date or period below: PERIOD RATIO ------ ----- September 30, 2001 2.50:1.0 December 31, 2001 2.00:1.0 March 31, 2002 through June 30, 2002 2.50:1.0 September 30, 2002 2.00:1.0 December 31, 2002 1.50:1.0 March 31, 2003 through June 30, 2003 2.00:1.0 PERIOD RATIO ------ ----- September 30, 2003 1.50:1.0 December 31, 2003 and thereafter 1.25:1.0

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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