Total Net Leverage Ratio. The Borrower shall not permit the Total Net Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending on June 30, 2021, to exceed 3.75 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Leonardo DRS, Inc.), Bridge Credit and Guaranty Agreement (Leonardo DRS, Inc.)
Total Net Leverage Ratio. The Borrower shall not permit the Total Net Leverage Ratio as of the last day of any Fiscal Quarter, beginning Commencing with the Fiscal Quarter fiscal quarter ending on June 30, 2021, the Loan Parties will not permit the Total Net Leverage Ratio, determined for the Reference Period ending on the last day of each fiscal quarter, to exceed 3.75 be more than 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Medifast Inc), Credit Agreement (Medifast Inc)
Total Net Leverage Ratio. The Borrower shall Loan Parties will not permit the Total Net Leverage Ratio as of Ratio, determined for the four consecutive fiscal quarter period ending on the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending on June 30, 2021each fiscal quarter, to exceed 3.75 be more than 4.00 to 1.00.
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Total Net Leverage Ratio. The Borrower Credit Parties shall not permit the Total Net Leverage Ratio as of for the Measurement Period ending on the last day of any Fiscal Quarter, beginning Quarter (commencing with the Fiscal Quarter ending on June 30, 2021, 2024) to exceed 3.75 be greater than 4.75 to 1.00.1.00 (which level shall apply to any pro forma calculation of the Total Net Leverage Ratio prior to such date):
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