Document ID: 12610

Text:
(a)Leverage Ratio. The Borrower will not permit the Leverage Ratio, on the last day of any fiscal quarter ending on or after March 31, 2017, to be greater than 3.00 to 1.00; provided that, so long as no Event of Default exists at such time or would result therefrom, the Borrower may, only once during the term of this Agreement in connection with a Permitted Acquisition for which the aggregate consideration paid or to be paid in respect thereof equals or exceeds $20,000,000, elect to increase the maximum Leverage Ratio permitted hereunder to (i)3.50 to 1.00 for a period of four consecutive fiscal quarters commencing with the fiscal quarter in which such Permitted Acquisition occurs (the Initial Holiday Period) and (ii)3.25 to 1.00 for the period of four consecutive fiscal quarters immediately following the Initial Holiday Period (any such election in respect of the maximum Leverage Ratio pursuant to this Section6.12(a) being referred to as an Acquisition Holiday).

Named Entities:
27
30
TerminationDate
36
42
Ratio
97
102
Ratio
117
123
Ratio
153
159
Ratio

Tokenized Text:
(
a
)
Leverage
Ratio
.
The
Borrower
will
not
permit
the
Leverage
Ratio
,
on
the
last
day
of
any
fiscal
quarter
ending
on
or
after
March
31
,
2017
,
to
be
greater
than
3
.
00
to
1
.
00
;
provided
that
,
so
long
as
no
Event
of
Default
exists
at
such
time
or
would
result
therefrom
,
the
Borrower
may
,
only
once
during
the
term
of
this
Agreement
in
connection
with
a
Permitted
Acquisition
for
which
the
aggregate
consideration
paid
or
to
be
paid
in
respect
thereof
equals
or
exceeds
$
20
,
000
,
000
,
elect
to
increase
the
maximum
Leverage
Ratio
permitted
hereunder
to
(
i
)
3
.
50
to
1
.
00
for
a
period
of
four
consecutive
fiscal
quarters
commencing
with
the
fiscal
quarter
in
which
such
Permitted
Acquisition
occurs
(
the
Initial
Holiday
Period
)
and
(
ii
)
3
.
25
to
1
.
00
for
the
period
of
four
consecutive
fiscal
quarters
immediately
following
the
Initial
Holiday
Period
(
any
such
election
in
respect
of
the
maximum
Leverage
Ratio
pursuant
to
this
Section6
.
12
(
a
)
being
referred
to
as
an
Acquisition
Holiday
)
.