Consolidated Net Leverage Ratio Covenant

Consolidated Net Leverage Ratio Covenant. For the benefit of the Lenders (and the Administrative Agent on their behalf), permit the Consolidated Net Leverage Ratio of the Borrower and its Subsidiaries as of the last day of any fiscal quarter of the Borrower to exceed the Consolidated Net Leverage Ratio set forth for the applicable fiscal quarter below, which will be tested quarterly on a trailing four (4) fiscal quarter basis for the most recent four fiscal quarter period for which financial statements are required to be delivered... under Article VI, as of the last day of any fiscal quarter of the Borrower (commencing with the first full fiscal quarter of the Borrower following the Closing Date) (the "Consolidated Net Leverage Ratio Covenant"):Fiscal QuarterConsolidated Net Leverage RatioMarch 31, 20253.25:1.00Thereafter3.00:1.00 View More