Common use of Consolidated First Lien Net Leverage Ratio Clause in Contracts

Consolidated First Lien Net Leverage Ratio. The Borrower shall not permit the Consolidated First Lien Net Leverage Ratio as of the last day of any Test Period ending during any period set forth in the table below (commencing with the first fiscal quarter completed after the Closing Date) to be greater than the ratio set forth below opposite such period: April 1, 2012 - December 31, 2012 4.75 to 1.0 January 1, 2013 - June 30, 2014 4.75 to 1.0 July 1, 2014 - June 30, 2015 4.50 to 1.0 July 1, 2015 2014 - and thereafter 4.254.50 to 1.0

Appears in 3 contracts

Sources: Credit Agreement (Summit Materials, LLC), Credit Agreement (Summit Materials, Inc.), Credit Agreement (Summit Materials, Inc.)

Consolidated First Lien Net Leverage Ratio. The Borrower shall not permit Permit the Consolidated First Lien Net Leverage Ratio as of the last day of any Test Period ending during on any period date set forth in the table below (commencing with the first fiscal quarter completed after the Closing Date) to be greater than the ratio set forth below opposite such period: April 1, 2012 - December below. March 31, 2012 4.75 to 1.0 January 12017, 2013 - and the last day of each fiscal quarter of the Borrower thereafter through June 30, 2014 4.75 to 1.0 July 12019 4.50488.00:1.00 September 30, 2014 - 2019, and the last day of each fiscal quarter of the Borrower thereafter through June 30, 2015 4.50 to 1.0 July 12020 4.006.75:1.00 September 30, 2015 2014 - 20202022, and the last day of each fiscal quarter of the Borrower thereafter 4.254.50 to 1.03.755.00:1.00 48 First Amendment

Appears in 1 contract

Sources: Omnibus Incremental Term Loan and Seventh Amendment to Credit Agreement (Global Eagle Entertainment Inc.)

Consolidated First Lien Net Leverage Ratio. The Borrower shall not permit the Consolidated First Lien Net Leverage Ratio as of the last day of any Test Period ending during any period set forth in the table below (commencing with the first fiscal quarter completed after the Closing Date) to be greater than the ratio set forth below opposite such period: April 1, 2012 - December 31, 2012 4.75 to 1.0 January 1, 2013 - June September 30, 2014 4.75 2013 4.25 to 1.0 July October 1, 2013 - December 31, 2014 - June 30, 2015 4.50 4.00 to 1.0 July January 1, 2015 2014 - and thereafter 4.254.50 3.85 to 1.0

Appears in 1 contract

Sources: Credit Agreement (B&H Contracting, L.P.)