Common use of Maximum Consolidated Senior Leverage Ratio Clause in Contracts

Maximum Consolidated Senior Leverage Ratio. Borrower shall not permit the Consolidated Senior Leverage Ratio as of the last day of any Fiscal Quarter ending during any of the periods set forth below to exceed the correlative ratio indicated: MAXIMUM CONSOLIDATED PERIOD SENIOR LEVERAGE RATIO ----------------------------- --------------------- Closing Date to June 30, 2005 3.5 to 1.0 July 1, 2005 to June 30, 2006 3.0 to 1.0 July 1, 2006 and thereafter 2.5 to 1.0

Appears in 1 contract

Sources: Credit Agreement (Directed Electronics, Inc.)

Maximum Consolidated Senior Leverage Ratio. Borrower shall not permit Permit the Consolidated Senior Leverage Ratio as of the last day end of any Fiscal Quarter ending during any fiscal quarter of the periods Borrower to be more than the ratio set forth below to exceed the correlative ratio indicatedopposite such fiscal quarter below: MAXIMUM CONSOLIDATED PERIOD SENIOR LEVERAGE QUARTER ENDING RATIO ----------------------------- --------------------- Closing Date to -------------- ----- September 30, 2004 2.75:1.0 December 31, 2004 2.75:1.0 March 31, 2005 2.50:1.0 June 30, 2005 3.5 to 1.0 July 12.50:1.0 September 30, 2005 to 2.50:1.0 December 31, 2005 2.00:1.0 100 QUARTER ENDING RATIO -------------- ----- March 31, 2006 2.00:1.0 June 30, 2006 3.0 to 1.0 July 12.00:1.0 September 30, 2006 2.00:1.0 December 31, 2006 1.75:1.0 March 31, 2007 1.75:1.0 June 30, 2007 1.75:1.0 September 30, 2007 and thereafter 2.5 to 1.01.75:1.0

Appears in 1 contract

Sources: Credit Agreement (Advanced Medical Optics Inc)

Maximum Consolidated Senior Leverage Ratio. Borrower The Loan Parties shall not permit the Consolidated Senior Leverage Ratio as of the last day of any Fiscal Quarter ending during any of the periods set forth below to exceed the correlative ratio indicated: MAXIMUM CONSOLIDATED PERIOD SENIOR LEVERAGE RATIO ----------------------------- --------------------- Period Maximum Consolidated Senior Leverage Ratio ------ ------------------------------------------ Closing Date to June March 31, 2005 4.4 to 1.0 April 1, 2005 to September 30, 2005 3.5 4.0 to 1.0 July October 1, 2005 to June 30, 2006 3.0 3.5 to 1.0 July 1, 2006 and thereafter 2.5 3.0 to 1.0

Appears in 1 contract

Sources: Note Purchase Agreement (Directed Electronics, Inc.)

Maximum Consolidated Senior Leverage Ratio. Borrower shall not permit the Consolidated Senior Leverage Ratio as of the last day of any Fiscal Quarter ending during any of the periods set forth below to exceed the correlative ratio indicated: MAXIMUM CONSOLIDATED PERIOD SENIOR LEVERAGE RATIO ----------------------------- ------ --------------------- Closing Date to June 30, 2005 3.5 to 1.0 July 1, 2005 to December 31, 2005 4.00 to 1.0 January 1, 2006 to June 30, 2006 3.0 3.75 to 1.0 July 1, 2006 to December 31, 2006 3.50 to 1.0 January 1, 2007 to December 31, 2007 3.25 to 1.0 January 1, 2008 to December 31, 2008 2.75 to 1.0 January 1, 2009 and thereafter 2.5 2.50 to 1.0

Appears in 1 contract

Sources: Credit Agreement (Directed Electronics, Inc.)