Total Net Indebtedness Leverage Ratio. The Borrower will not permit its ratio of Consolidated Total Net Debt as of the last day each fiscal quarter set forth below to EBITDA as of such day to be greater than the ratio set forth opposite such date: Fiscal Quarter Ratio March 31, 2019 5.00: 1.00 June 30, 2019 4.75: 1.00 September 30, 2019 4.50: 1.00 December 31, 2019 4.25: 1.00 Thereafter 4.00: 1.00
Total Net Indebtedness Leverage Ratio. The Borrower will not, as of the last day of each fiscal quarter set forth below, permit the ratio of Consolidated Total Net Debt as of such last day to EBITDA for the period of four fiscal quarters ending on such last day to exceed the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Ending Ratio September 30, 2016 4.75 to 1.00 December 31, 2016 4.75 to 1.00 March 31, 2017 4.75 to 1.00 June 30, 2017 4.75 to 1.00 September 30, 2017 4.50 to 1.00 December 31, 2017 4.50 to 1.00 March 31, 2018 4.50 to 1.00 June 30, 2018 4.50 to 1.00 September 30, 2018 4.50 to 1.00 December 31, 2018 4.50 to 1.00 March 31, 2019 and at the last day of each Fiscal Quarter thereafter until the Maturity Date 4.00 to 1.00
Total Net Indebtedness Leverage Ratio. The Borrower has requested that the Majority Lenders waive, and the Majority Lenders do hereby waive, compliance with Section 9.01(a) for the fiscal quarter ending March 31, 2018.
