Total Net Leverage Ratio. The Borrower will not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on the last day of each fiscal quarter, to be greater than 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (ExlService Holdings, Inc.), Credit Agreement
Total Net Leverage Ratio. The Borrower will shall not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on Ratio as of the last day of each fiscal quarterany Fiscal Quarter, beginning with the Fiscal Quarter ending on June 30, 2021, to be greater than 3.00 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 Commencing with the fiscal quarter ending on June 30, 2021, the Loan Parties will not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period Reference Period ending on the last day of each fiscal quarter, to be greater 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 will shall not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on Ratio as of the last day of each fiscal quarterany Fiscal Quarter, beginning with the first full Fiscal Quarter after the Closing Date, to be greater than 3.00 exceed 3.75 to 1.00.
Appears in 1 contract
Total Net Leverage Ratio. The Subject to Section 8.02(b), the Borrower will shall not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on Ratio as of the last day of each fiscal quarterany Fiscal Quarter, beginning with the Fiscal Quarter ending on March 31, 2018, to be greater than exceed (i) 3.00 to 1.00, or (ii) following the third anniversary of the Closing Date, 2.50 to 1.00.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)
Total Net Leverage Ratio. The Borrower will Without the written consent of the Requisite Revolving Lenders, Borrowers shall not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on Ratio as of the last day of each fiscal quarterany Fiscal Quarter, beginning with the Fiscal Quarter ending December 31, 2014, to be greater than 3.00 exceed 3.50 to 1.001.00 (the “Financial Covenant”).
Appears in 1 contract
Sources: Credit and Guaranty Agreement (AVG Technologies N.V.)
Total Net Leverage Ratio. The Borrower Loan Parties will not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on the last day of each fiscal quarter, to be greater more than 3.00 4.00 to 1.00.
Appears in 1 contract
Total Net Leverage Ratio. The Borrower will Loan Parties shall not permit the Total Net Leverage Ratio, determined for the four consecutive fiscal quarter period ending on Ratio calculated as of the last day of each any fiscal quarterquarter of the Borrower (commencing with the fiscal quarter ending June 30, 2025), to be greater than 3.00 4.25:1.00; provided that, (i) the Borrower may, by written notice to 1.00.the Administrative Agent, elect to increase the maximum Total Net Leverage Ratio to 4.75
Appears in 1 contract
Sources: Credit Agreement (Vse Corp)