Secured Leverage Ratio. Borrower shall not permit the Secured Leverage Ratio as of the last day of (i) the Fiscal Quarter ending December 31, 2011, to exceed 1.75 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with Fiscal Quarter ending March 31, 2012, to exceed 2.50 to 1.0.
Appears in 11 contracts
Sources: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.), Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)
Secured Leverage Ratio. Borrower shall not permit the Secured Leverage Ratio as of the last day of (i) the Fiscal Quarter ending December 31, 2011, to exceed 1.75 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with the Fiscal Quarter ending March 31September 30, 2012, to exceed 2.50 to 1.02.00:1.00.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Cypress Semiconductor Corp /De/)
Secured Leverage Ratio. Borrower shall not permit the Secured Leverage Ratio as of the last day of (i) the Fiscal Quarter ending December 31, 2011, to exceed 1.75 to 1.0 and and, (ii) any subsequent subsequent2.50 to 1.0 through the Fiscal Quarter, beginning with ending December 31, 2016, (iii) 3.00 to 1.0 through the Fiscal Quarter ending March 31, 2012, to exceed 2.50 to 1.01.02019 and (iv) 2.75 to 1.0 for any Fiscal Quarter ending June 30, 2019 and thereafter.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)
Secured Leverage Ratio. Borrower shall not permit the Secured Leverage Ratio as of the last day of any Fiscal Quarter, (i) beginning with the Fiscal Quarter ending December 31, 20112011 through and including the Fiscal Quarter ending December 31, 2012, to exceed 1.75 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 20122013, to exceed 2.50 1.50 to 1.0.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)
Secured Leverage Ratio. The Borrower shall will not permit the Secured Leverage Ratio Ratio, as of the last day end of (i) any fiscal quarter commencing with the Fiscal Quarter fiscal quarter ending December 31September 30, 20112025, to exceed 1.75 be greater than 3.00 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with Fiscal Quarter ending March 31, 2012, 1.00 or less than 0.00 to exceed 2.50 to 1.01.00.
Appears in 1 contract
Secured Leverage Ratio. Borrower shall not permit the Secured Leverage Ratio as of (i) the last day of (i) the Fiscal Quarter ending December 31, 2011, to exceed 1.75 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with the Fiscal Quarter ending March 31September 29, 20122013 through and including the Fourth Fiscal Quarter of 2016, to exceed 2.50 2.50:1.00 and (ii) the last day of any Fiscal Quarter thereafter, to 1.0exceed 2.25 to 1.00.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Cypress Semiconductor Corp /De/)
Secured Leverage Ratio. Borrower shall not permit Permit the Secured Leverage Ratio as of on the last day of (i) any period of four fiscal quarters of the Fiscal Quarter ending Borrower set forth below to be greater than the ratio set forth below opposite such period: December 31, 2011, 2012 4.25 to exceed 1.75 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with Fiscal Quarter ending 1.00 March 31, 20122013 β September 30, 2013December 31, 2013March 31, 2014 β December 31, 2014 4.50 to exceed 2.50 1.004.25 to 1.0.1.004.00 to 1.00 March 31, 2015 3.75 to 1.00 June 30, 2015 and thereafter 3.50 to 1.00
Appears in 1 contract
Sources: Credit Agreement (Boyd Gaming Corp)
Secured Leverage Ratio. The Borrower shall will not permit the Secured Leverage Ratio permit, as of the last day of (i) any fiscal quarter of the Fiscal Quarter Borrower, the Secured Leverage Ratio for the period of four consecutive fiscal quarters ending December 31, 2011, to exceed 1.75 to 1.0 and (ii) any subsequent Fiscal Quarter, beginning with Fiscal Quarter ending March 31, 2012on such day, to exceed 2.50 to 1.01.00.
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