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

Consolidated First Lien Net Leverage Ratio. With respect to the Revolving Credit Facility only, except with the written consent of the Required Revolving Credit Lenders, permit the Consolidated First Lien Net Leverage Ratio as of the last day of any Test Period set forth below to be greater than the ratio set forth below opposite such last day of a Test Period below. Test Period Ended Consolidated First Lien Net Leverage Ratio September 26, 2014 5.50: 1.00 December 31, 2014 5.50: 1.00 March 27, 2015 5.50: 1.00 June 26, 2015 5.50: 1.00 September 25, 2015 5.50: 1.00 December 31, 2015 5.50: 1.00 April 1, 2016 5.50: 1.00 July 1, 2016 5.25: 1.00 September 30, 2016 5.25: 1.00 December 31, 2016 5.00: 1.00 March 31, 2017 5.00: 1.00 June 30, 2017 4.75: 1.00 September 29, 2017 4.75: 1.00 December 31, 2017 4.50: 1.00 Thereafter 4.50: 1.00 Notwithstanding the foregoing, this Section 7.11 shall be in effect (and shall only be in effect) as of the last day of any fiscal quarter, if the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and/or L/C Obligations (other than (i) Letters of Credit in an aggregate Stated Amount not to exceed $5,000,000 and (ii) Letters of Credit the aggregate Stated Amount of which have been Cash Collateralized in full) at such time is greater than 25% of the Revolving Credit Commitments at such time as of the last day of such Test Period (it being understood that calculation of compliance with this Section 7.11 shall be determined as of the last day of the then most recently ended Test Period and shall not give Pro Forma Effect to any such incurrence or issuance after such date).

Consolidated First Lien Net Leverage Ratio. With respect to the Revolving Credit Facility Facilities only, except with the written consent of the Required Revolving Credit Lenders, permit the Consolidated First Lien Net Leverage Ratio as of the last day of any Test Period set forth below to be greater than the ratio set forth below opposite such last day of a Test Period below. Test Period Ended Consolidated First Lien Net Leverage Ratio AMERICAS 94626185 September 26, 2014 5.50: 1.00 December 31, 2014 5.50: 1.00 March 27, 2015 5.50: 1.00 June 26, 2015 5.50: 1.00 September 25, 2015 5.50: 1.00 December 31, 2015 5.50: 1.00 April 1, 2016 5.50: 1.00 July 1, 2016 5.25: 1.00 September 30, 2016 5.25: 1.00 December 3130, 2016 5.00: 1.00 March 31, 2017 5.00: 1.00 June 30, 2017 4.75: 1.00 September 29, 2017 4.75: 1.00 December 31, 2017 4.50: 1.00 Thereafter March 30, 2018 through September 27, 2019 4.50: 1.00 December 31, 2019 and thereafter 4.25: 1.00 Notwithstanding the foregoing, this Section 7.11 shall be in effect (and shall only be in effect) as of the last day of any fiscal quarter, if the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and/or L/C Obligations (other than (i) Letters of Credit in an aggregate Stated Amount not to exceed $5,000,000 and (ii) Letters of Credit the aggregate Stated Amount of which have been Cash Collateralized in full) at such time is greater than 25% of the Revolving Credit Commitments $10,000,000 at such time as of the last day of such Test Period (it being understood that calculation of compliance with this Section 7.11 shall be determined as of the last day of the then most recently ended Test Period and shall not give Pro Forma Effect to any such incurrence or issuance after such date).