Maximum Senior Net Leverage Ratio Sample Clauses

The Maximum Senior Net Leverage Ratio clause sets a limit on the amount of senior debt a borrower can have relative to its earnings, typically measured as a ratio of senior debt to EBITDA. In practice, this clause requires the borrower to maintain its senior net leverage below a specified threshold, which is tested periodically, such as quarterly or annually. This ensures that the borrower does not take on excessive senior debt, thereby protecting lenders by reducing the risk of default and maintaining the financial stability of the borrower.
Maximum Senior Net Leverage Ratio. After giving pro forma effect to the Loans made hereunder on the Closing Date and the Advances made by Revolving Loan Lenders on the Closing Date, the Senior Net Leverage Ratio for Quantum and its Subsidiaries, on a consolidated basis, for the four (4) consecutive fiscal quarters ending on or about September 30, 2016 shall be less than or equal to 1.70 to 1.00;
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Maximum Senior Net Leverage Ratio. Loan Parties shall maintain a Senior Net Leverage Ratio of not greater than the applicable ratio set forth in the table immediately below, and corresponding to the applicable time period, which shall be tested as of the last day of each fiscal quarter (the “Testing Date”) of Loan Parties: ​ Period ending on Testing Date April 30, 2022 3.50:1.00 Period ending on Testing Date July 30, 2022 3.25:1.00 Period ending on Testing Date October 29, 2022 2.75:1.00 Period ending on Testing Date January 28, 2023 2.75:1.00 Period ending on Testing Date April 29, 2023 and thereafter 2.50:1.00 ​
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Maximum Senior Net Leverage Ratio. Borrower and its Subsidiaries on a consolidated basis shall have, as of the last day of each Fiscal Quarter, commencing with Fiscal Quarter ending on March 31, 2025, a Senior Net Leverage Ratio as of the last day of such Fiscal Quarter for the twelve (12) month period then ended, of not more than the following:
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Maximum Senior Net Leverage Ratio. Loan Parties shall maintain a Senior Net Leverage Ratio of not greater than the applicable ratio set forth in the table immediately below, and corresponding to the applicable time period, which shall be tested as of the last day of each fiscal quarter of Loan Parties and be measured on a trailing-twelve-month basis: Fiscal quarter ending October 31, 2021 3.50:1.00 Fiscal quarter ending January 31, 2022 3.50:1.00 Fiscal quarter ending April 30, 2022 3.25:1.00 Fiscal quarter ending July 31, 2022 3.00:1.00 Fiscal quarter ending October 31, 2022 2.75:1.00 Fiscal quarter ending January 31, 2023 2.75:1.00 Fiscal quarter ending April 30, 2023 and thereafter 2.50:1.00
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Maximum Senior Net Leverage Ratio. Borrowers shall maintain a Senior Net Leverage Ratio of 2.50:1:00, which shall be tested as of the last day of each fiscal quarter of Borrowers and be measured on a trailing-twelve-month basis.
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Maximum Senior Net Leverage Ratio. Loan Parties shall maintain a Senior Net Leverage Ratio of not greater than the applicable ratio set forth in the table immediately below, and corresponding to the applicable time period, which shall be tested as of the last day of each fiscal quarter (the “Testing Date”) of Loan Parties:
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Related to Maximum Senior Net Leverage Ratio

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Maximum Total Leverage Ratio The Borrower shall not permit the Total Leverage Ratio as of the last day of any four-quarter period to be greater than 4.00:1.00. Notwithstanding the foregoing: (a) for purposes of calculating the Total Leverage Ratio, until the earlier of (i) the consummation of a Specified Acquisition and (ii) termination of the acquisition agreement related to such Specified Acquisition, the Total Leverage Ratio shall not include any Indebtedness of the Borrower or the Guarantors to the extent that (x) such Indebtedness was incurred solely to finance such Specified Acquisition (and any related transactions) and the proceeds of such indebtedness are held as cash or cash equivalents in an escrow or equivalent arrangement (pending the consummation of such Specified Acquisition) and (y) such Indebtedness is redeemable or prepayable at no more than 101% of the principal amount thereof (plus accrued interest) in the event that the Specified Acquisition is not consummated; and (b) upon the Administrative Agent’s receipt of a written notice substantially in the form of Exhibit F hereto (a “Specified Acquisition Notice”), the Total Leverage Ratio as of the last day of any period for the four-quarter period beginning with the period in which such Specified Acquisition is consummated (such period in which the Specified Acquisition is consummated, the “Specified Acquisition Consummation Period”) and continuing through the fourth consecutive fiscal quarter ended immediately following the first day of the Specified Acquisition Consummation Period shall not exceed 4.50:1.00 (in lieu of the ratio set forth for such period above); provided that (i) the Borrower may deliver a Specified Acquisition Notice no more than three times during the life of this Agreement and (ii) after any Specified Acquisition Consummation Period, the Borrower must have a Total Leverage Ratio of no more than 4.00:1.00 for at least two consecutive fiscal quarters before the Borrower may elect to deliver a Specified Acquisition Notice for an additional time.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);