Consolidated Total Net Leverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2025, the Consolidated Total Net Leverage Ratio to exceed 2.50 to 1.00.
Appears in 3 contracts
Sources: Credit Agreement (Berry Corp (Bry)), Senior Secured Revolving Credit Agreement (Berry Corp (Bry)), Senior Secured Term Loan Credit Agreement (Berry Corp (Bry))
Consolidated Total Net Leverage Ratio. The Borrower will not permit, permit the Consolidated Total Net Leverage Ratio as of the last day of any fiscal quarter, Reference Period commencing with the fiscal quarter ending March 31June 30, 2025, the Consolidated Total Net Leverage Ratio 2020 to exceed 2.50 be greater than 3.50 to 1.00.
Appears in 3 contracts
Sources: Credit Agreement (Clear Secure, Inc.), Credit Agreement (Clear Secure, Inc.), Credit Agreement (Clear Secure, Inc.)
Consolidated Total Net Leverage Ratio. The Borrower will not permit, permit the Consolidated Total Net Leverage Ratio as of the last day of any fiscal quarterthe Test Period ending on September 30, commencing with 2024 and as of the fiscal quarter last day of each Test Period ending March 31, 2025, the Consolidated Total Net Leverage Ratio thereafter to exceed 2.50 be greater than 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Infinity Natural Resources, Inc.), Credit Agreement (Infinity Natural Resources, Inc.)
Consolidated Total Net Leverage Ratio. The Borrower will not permitpermit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2023 and as of the last day of any fiscal quarter, commencing with the fiscal quarter Test Period ending March 31, 2025, the Consolidated Total Net Leverage Ratio thereafter to exceed 2.50 be greater than 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
Consolidated Total Net Leverage Ratio. The Borrower will not permitpermit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2021 and as of the last day of any fiscal quarter, commencing with the fiscal quarter Test Period ending March 31, 2025, the Consolidated Total Net Leverage Ratio thereafter to exceed 2.50 be greater than 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (California Resources Corp), Credit Agreement (California Resources Corp)
Consolidated Total Net Leverage Ratio. The Borrower will not permit, as As of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2025, Transaction Parties will not permit the Consolidated Total Net Leverage Ratio to exceed 2.50 be greater than 3.75 to 1.00.
Appears in 1 contract
Sources: Note Purchase Agreement (Copart Inc)
Consolidated Total Net Leverage Ratio. The Borrower will not permit, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2025, permit the Consolidated Total Net Leverage Ratio for any period of four consecutive fiscal quarters of the Borrower ending on any date during any Test Period, beginning at the end of the first full fiscal quarter ending after the Closing Date, to exceed 2.50 6.00 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (ZimVie Inc.)
Consolidated Total Net Leverage Ratio. The Borrower will not permitpermit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on December 31, 2018 and as of the last day of any fiscal quarter, commencing with the fiscal quarter Test Period ending March 31, 2025, the Consolidated Total Net Leverage Ratio thereafter to exceed 2.50 be greater than 4.00 to 1.00.
Appears in 1 contract
Consolidated Total Net Leverage Ratio. The Borrower will not permit, as As of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2025, Transaction Parties will not permit the Consolidated Total Net Leverage Ratio to exceed 2.50 be greater than 3.50 to 1.00.
Appears in 1 contract
Sources: Note Purchase Agreement (Copart Inc)
Consolidated Total Net Leverage Ratio. The Borrower will not permit, permit the Consolidated Total Net Leverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31on or after June 30, 2025, the Consolidated Total Net Leverage Ratio 2025 to exceed 2.50 be greater than 3.00 to 1.00.
Appears in 1 contract
Consolidated Total Net Leverage Ratio. The Borrower Commencing with the fiscal quarter ending December 31, 2013, the Credit Parties will not permit, permit the Consolidated Total Net Leverage Ratio as of the last day of any fiscal quarter, commencing with the most recently ended fiscal quarter ending March 31, 2025, the Consolidated Total Net Leverage Ratio to exceed 2.50 to 1.00be greater than 4.50:1.00.
Appears in 1 contract
Sources: Credit Agreement (Epiq Systems Inc)
Consolidated Total Net Leverage Ratio. The Borrower will not permitpermit the Consolidated Total Net Leverage Ratio as of the last day of the Test Period ending on March 31, 2020 and as of the last day of any fiscal quarter, commencing with the fiscal quarter Test Period ending March 31, 2025, the Consolidated Total Net Leverage Ratio thereafter to exceed 2.50 be greater than 3.50 to 1.00.
Appears in 1 contract