Consolidated Secured Net Leverage Ratio. The Dutch Borrower shall not permit the Consolidated Secured Net Leverage Ratio, as of the last day of any fiscal quarter, to be greater than 2.50 to 1.00 (or 3.00 to 1.00 after the consummation of a Qualified IPO).
Appears in 2 contracts
Sources: Credit Agreement (Constellium Holdco B.V.), Credit Agreement (Constellium Holdco B.V.)