Common use of Maximum Secured Net Leverage Ratio Clause in Contracts

Maximum Secured Net Leverage Ratio. Permit the Secured Net Leverage Ratio to be greater than the ratio set forth opposite such period below: Period Ratio Closing Date through June 30, 2017 4.50 to 1.00 July 1, 2017 through June 30, 2018 4.25 to 1.00 July 1, 2018 and thereafter 4.00 to 1.00

Maximum Secured Net Leverage Ratio. Permit the Secured Net Leverage Ratio as of the last day of any fiscal quarter ending during a period set forth below to be greater than the ratio set forth opposite such period below: Period Ratio Closing Date through June 30, 2017 4.50 to 1.00 July 1, 2017 through June 30December 31, 2018 4.25 4.75 to 1.00 July 1, 2018 and thereafter Thereafter 4.00 to 1.00

Maximum Secured Net Leverage Ratio. Permit the Secured Net Leverage Ratio as of the last day of any fiscal quarter ending during a period set forth below to be greater than the ratio set forth opposite such period below: Period Ratio Closing Date July 1, 2021 through December 31, 2021 6.50 to 1.00 January 1, 2022 through March 30, 2022 6.25 to 1.00 April 1, 2022 through June 30, 2017 4.50 2022 6.00 to 1.00 July 1, 2017 2022 through June September 30, 2018 4.25 2022 5.75 to 1.00 July October 1, 2018 and thereafter 4.00 2022 through December 31, 2022 5.50 to 1.00 January 1, 2023 through March 30, 2023 5.25 to 1.00 Thereafter 5.00 to 1.00