Common use of Senior Secured Net Leverage Ratio Clause in Contracts

Senior Secured Net Leverage Ratio. Solely with respect to the Revolving Commitments and the Revolving Exposure, the Borrower will not permit the Senior Secured Net Leverage Ratio for any period of four consecutive fiscal quarters of the Borrower ending on or about any date during any period set forth below to exceed the ratio set forth below opposite such period: October 1, 2015, through December 31, 2016 3.50 to 1.00 January 1, 2017, through June 30, 2017 3.00 to 1.00 July 1, 2017, through December 31, 2017 2.75 to 1.00 January 1, 2018, through June 30, 2018 2.50 to 1.00 July 1, 2018, through December 31, 2018 2.25 to 1.00 January 1, 2019, and thereafter 2.00 to 1.00

Senior Secured Net Leverage Ratio. Solely with respect to For the benefit of the Revolving Commitments Lenders, the Issuing Banks and the Revolving ExposureTranche A Term Lenders only (and the Administrative Agent on their behalf), the Borrower Parent will not permit the Senior Secured Net Leverage Ratio for any period of four consecutive fiscal quarters as of the Borrower ending on or about end of any date during any period fiscal quarter set forth below to exceed the ratio set forth below opposite with respect to such periodfiscal quarter: April 1, 2020, through September 30, 2020 4.00 to 1.00 October 1, 20152020, through March 31, 2021 4.25 to 1.00 April 1, 2021, through June 30, 2021 3.50 to 1.00 July 1, 2021, through September 30, 2021 3.00 to 1.00 October 1, 2021, through December 31, 2016 3.50 2021 2.50 to 1.00 January 1, 20172022, through June 30, 2017 3.00 to 1.00 July 1, 2017, through December March 31, 2017 2.75 to 1.00 January 1, 2018, through June 30, 2018 2.50 to 1.00 July 1, 2018, through December 31, 2018 2022 2.25 to 1.00 January 1, 2019, and thereafter 2.00 to 1.00