Common use of Senior Secured Net Leverage Ratio Clause in Contracts

Senior Secured Net Leverage Ratio. The Borrower will not permit the Senior Secured Net Leverage Ratio for the Test Period ending on any of the dates set forth below to exceed the ratio set forth below opposite such date: Test Period Maximum Senior Secured Net Leverage Ratio March 31, 2014 7.00 to 1.00 June 30, 2014 7.00 to 1.00 September 30, 2014 7.00 to 1.00 December 31, 2014 7.00 to 1.00 March 31, 2015 6.75 to 1.00 June 30, 2015 6.75 to 1.00 September 30, 2015 6.75 to 1.00 December 31, 2015 6.75 to 1.00 March 31, 2016 6.50 to 1.00 June 30, 2016 6.50 to 1.00 September 30, 2016 6.50 to 1.00 December 31, 2016 6.50 to 1.00 March 31, 2017 6.25 to 1.00 June 30, 2017 6.25 to 1.00 September 30, 2017 6.25 to 1.00 December 31, 2017 6.25 to 1.00 March 31, 2018, and thereafter 6.00 to 1.00

Senior Secured Net Leverage Ratio. The Borrower will not permit the Senior Secured Net Leverage Ratio for the Test Period ending on any of the dates set forth below to exceed the ratio set forth below opposite such date: Test Period Maximum Senior Secured Net Leverage Ratio March 31, 2013 5.50 to 1.00 June 30, 2013 5.50 to 1.00 September 30, 2013 5.50 to 1.00 December 31, 2013 5.50 to 1.00 March 31, 2014 7.00 5.50 to 1.00 June 30, 2014 7.00 5.50 to 1.00 September 30, 2014 7.00 5.50 to 1.00 December 31, 2014 7.00 5.50 to 1.00 March 31, 2015 6.75 5.25 to 1.00 June 30, 2015 6.75 5.25 to 1.00 September 30, 2015 6.75 5.25 to 1.00 December 31, 2015 6.75 5.25 to 1.00 March 31, 2016 6.50 5.00 to 1.00 June 30, 2016 6.50 5.00 to 1.00 September 30, 2016 6.50 5.00 to 1.00 December 31, 2016 6.50 5.00 to 1.00 March 31, 2017 6.25 4.75 to 1.00 June 30, 2017 6.25 4.75 to 1.00 September 30, 2017 6.25 4.75 to 1.00 December 31, 2017 6.25 4.75 to 1.00 March 31, 2018, and thereafter 6.00 4.50 to 1.00