Common use of Maximum Net Leverage Ratio Clause in Contracts

Maximum Net Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its Fiscal Quarters, of (i) Net Consolidated Debt as of the last day of such Fiscal Quarter to (ii) Consolidated EBITDA for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter to exceed 4.00 to 1.00.

Appears in 2 contracts

Sources: Credit Agreement (Masco Corp /De/), Credit Agreement (Masco Corp /De/)

Maximum Net Leverage Ratio. The Company will not permit the ratioratio (the “Net Leverage Ratio”), determined as of the end of each of its Fiscal Quartersfiscal quarters ending on and after June 30, 2013, of (i) Consolidated Net Consolidated Debt as of the last day of such Fiscal Quarter Indebtedness to (ii) Consolidated EBITDA for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter to exceed 4.00 to 1.00.four

Appears in 1 contract

Sources: Amendment and Restatement Agreement (LKQ Corp)

Maximum Net Leverage Ratio. The Company will not permit the ratio, determined as of the end of each of its Fiscal Quarters, of (i) Net Consolidated Debt as of the last day of such Fiscal Quarter to (ii) Consolidated EBITDA for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter to exceed 4.00 to 1.00.Fiscal

Appears in 1 contract

Sources: Term Loan Credit Agreement (Masco Corp /De/)