Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31, 2021, to be greater than (i) 3.25 to 1.00 except during a Specified Acquisition Period and (ii) 3.75 to 1.00 during a Specified Acquisition Period.
Appears in 3 contracts
Sources: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing Company beginning with the fiscal quarter ending December 31, 2021, 2018 to be greater than (i) 3.25 3.50 to 1.00; provided that, the maximum Consolidated Net Leverage Ratio permitted by this Section shall be increased to 4.00 to 1.00 except during for the four consecutive full fiscal quarters immediately following the consummation of a Specified Material Acquisition Period and (ii) 3.75 to 1.00 during by the Company or a Specified Acquisition PeriodSubsidiary.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp)
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, Borrower (commencing with the fiscal quarter Measurement Period ending December March 31, 2021, ) to be greater than (i) 3.25 or equal to 1.00 except during a Specified Acquisition Period and (ii) 3.75 3.00 to 1.00 during a Specified Acquisition Period1.00.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, Borrower (commencing with the fiscal quarter ending December 31June 30, 2021, 2022) to be greater than (i) 3.25 to 1.00 except during 3.50:1.00; provided that after the consummation of a Specified Acquisition Period and Acquisition, the Borrower may elect (iiin a writing to the Administrative Agent) 3.75 to 1.00 during a increase the maximum Consolidated Net Leverage Ratio to 4.00:1.00 for the first three full fiscal quarters occurring after the date of such Specified Acquisition PeriodAcquisition.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, Borrower (commencing with the fiscal quarter ending December 31September 30, 2021, 2024) to be greater than (i) 3.25 to 1.00 except during 3.50:1.00; provided that after the consummation of a Specified Acquisition Period and Acquisition, the Borrower may elect (iiin a writing to the Administrative Agent) 3.75 to 1.00 during a increase the maximum Consolidated Net Leverage Ratio to 4.00:1.00 for the first three full fiscal quarters occurring after the date of such Specified Acquisition PeriodAcquisition.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31, 2021, Company to be greater than (i) 3.25 3.75 to 1.00 except 1.00, for any fiscal quarter ending during a Specified Acquisition Period the period from January 1, 2020 to and including June 27, 2020, and (ii) 3.75 4.75 to 1.00 during a Specified Acquisition Period1.00, for any fiscal quarter ending thereafter.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31June 30, 20212025, to be greater than (i) 3.25 to 1.00 except during a Specified Acquisition Period and (ii) 3.75 to 1.00 during a Specified Acquisition Period.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as at any time during any period of four consecutive fiscal quarters of the end of Company ending during any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31, 2021, period to be greater than (i) 3.25 to 1.00 except 3.50:1; provided that the Consolidated Net Leverage Ratio may exceed 3.50:1, but in no instance may it exceed 4.00:1, during the four fiscal quarters ending after the consummation of a Specified Acquisition Period and (ii) 3.75 to 1.00 during a Specified Acquisition PeriodMaterial Acquisition.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, Borrower (commencing with the fiscal quarter Measurement Period ending December March 31, 2021, ) to be greater than (i) 3.25 or equal to 1.00 except during a Specified Acquisition Period and (ii) 3.75 3.00 to 1.00 during a Specified Acquisition Period1.00.β
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit Beginning with the fiscal quarter ending September 29, 2024, permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31, 2021Borrower, to be greater than (i) 3.25 3.00 to 1.00 except during a Specified Acquisition Period and (ii) 3.75 to 1.00 during a Specified Acquisition Period1.00.
Appears in 1 contract
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the CompanyBorrower, commencing with the fiscal quarter ending December 31June 30, 20212010, for any period of four consecutive fiscal quarters of the Borrower ending on such date to be greater than (i) 3.25 to 1.00 except during a Specified Acquisition Period and (ii) 3.75 to 1.00 during a Specified Acquisition Period3.00:1.00.
Appears in 1 contract
Sources: Credit Agreement (Patriot Coal CORP)
Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing Company beginning with the fiscal quarter ending December 31September 30, 2021, 2016 to be greater than (i) 3.25 3.50 to 1.00 except during a Specified Acquisition Period and (ii) 1.00; provided that, the maximum Consolidated Net Leverage Ratio permitted by this Section shall be increased to 3.75 to 1.00 during for the four consecutive full fiscal quarters immediately following the consummation of a Specified Material Acquisition Periodby the Company or a Subsidiary.
Appears in 1 contract
Sources: Credit Agreement (Fortive Corp)