Examples of Required Pro Rata Lenders in a sentence
Except with the written consent of the Required Pro Rata Lenders, permit the Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.50:1.00.
The Administrative Agent shall take such action with respect to any Event of Default as may be directed by the Required Lenders or Required Pro Rata Lenders (as applicable) in accordance with Article 8; provided that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall deem advisable or in the best interest of the Lenders.
Except with the written consent of the Required Pro Rata Lenders, permit the Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 5.75:1.00.
Without the written consent of the Required Pro Rata Lenders, the Borrower shall not permit the Total Net Leverage Ratio as of the end of any fiscal quarter to exceed (A) for any fiscal quarter ending on or prior to June 30, 2020, 6.25:1.00, (B) for any fiscal quarter ending after the fiscal quarter ending after June 30, 2020 and on or prior to December 31, 2021, 5.75:1.00, (C) for any fiscal quarter ending thereafter, 5.25: 1.00.
With respect to the Term A Loans, the Revolving Commitments and the Revolving Loans only, except with the written consent of the Required Pro Rata Lenders, permit the Consolidated Interest Coverage Ratio for any Test Period ending after the Closing Date to be less than 3.50 to 1.00.