Common use of Consolidated Senior Secured Net Leverage Ratio Clause in Contracts

Consolidated Senior Secured Net Leverage Ratio. The Consolidated Senior Secured Net Leverage Ratio for the Rolling Period ending on the last day of each Fiscal Quarter to be greater than 3.25 to 1.00; provided that during the four consecutive Fiscal Quarters following a Material Acquisition, the Consolidated Senior Secured Net Leverage Ratio shall be no greater than 3.50 to 1.00.

Appears in 2 contracts

Sources: Credit Agreement (GrubHub Inc.), Credit Agreement (GrubHub Inc.)