Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: March 31, 2016 through June 30, 2018 3.25:1.00 September 30, 2018 through December 31, 2019 3.00:1.00 March 31, 2020 and thereafter 2.50:1.00
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Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net Leverage Ratio as at of the last day end of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below Measurement Period to exceed be greater than the ratio set forth below opposite the last day of such fiscal quarterMeasurement Period: March Measurement Period Ending Maximum Consolidated First Lien Leverage Ratio Closing Date through September 30, 2016 3.50:1.00 December 31, 2016 through March 31, 2017 3.25:1.00 June 30, 2017 through September 30, 2017 3.00:1.00 December 31, 2017 through March 31, 2018 2.75:1.00 June 30, 2018 3.25:1.00 September 30, 2018 through December 31, 2019 3.00:1.00 March 31, 2020 and each Fiscal Quarter thereafter 2.50:1.00
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Sources: Credit Agreement (CardConnect Corp.)
Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: March September 30, 2014 through September 30, 2016 2.75:1.00 December 31, 2016 through June September 30, 2018 3.25:1.00 2017 2.50:1.00 December 31, 2017 through September 30, 2018 through 2.25:1.00 December 31, 2019 3.00:1.00 March 31, 2020 2018 and thereafter 2.50:1.002.00:1.00
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Consolidated First Lien Net Leverage Ratio. Permit the Consolidated First Lien Net Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any fiscal quarter set forth below to exceed the ratio set forth below opposite such fiscal quarter: March 31, 2016 through March 31, 2017 3.25:1.00 June 30, 2017 through December 31, 2018 3.65:1.00 March 31, 2019 through June 30, 2020 3.25:1.00 September 30, 2018 through December 31, 2019 3.00:1.00 March 31, 2020 and thereafter 2.50:1.002.75:1.00
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