Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such period:

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be greater than 3.00 to 1.00; provided, that, upon the occurrence of a Qualified Acquisition, for each of the four (4) fiscal quarters of the Borrower immediately following such Qualified Acquisition (including the fiscal quarter in which such Qualified Acquisition was consummated), the maximum Consolidated Total Net Leverage Ratio permitted pursuant to this [Section 7.11(b)] shall be increased to 3.50 to 1.00 (a “Leverage Increase Period”); provided, further, that, # following the expiration of any Leverage Increase Period, the maximum Consolidated Total Net Leverage Ratio cannot be subsequently increased again as a result of a subsequent Qualified Acquisition (and a subsequent Leverage Increase Period cannot commence) until the Borrower has delivered Compliance Certificates for two (2) consecutive fiscal quarters evidencing that the Consolidated Total Net Leverage Ratio was not greater than 3.00 to 1.00 as of the end of each such fiscal quarter, # there shall be no more than three (3) Leverage Increase Periods exercised during the term of this Agreement, and # each Leverage Increase Period shall only apply with respect to the calculation of this financial maintenance covenant and not for any other purpose.

Consolidated Net Leverage Ratio.The Borrower will not permit the Consolidated Net Leverage Ratio to exceed the applicable maximum Consolidated Net Leverage Ratio set forth below on the last day of each applicable fiscal quarter:

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such period:

Consolidated Total Net Leverage Ratio. Permit the Consolidated Total Net Leverage Ratio as of the end of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending December 31, 2021, to be greater than 4.50:1.00; provided that if the consideration (including the principal amount of any Acquired Indebtedness but excluding any contingent deferred purchase price obligations) for any Permitted Acquisition consummated after the Closing Date exceeds $200,000,000 and the Borrower delivers written notice to the Administrative Agent prior to the end of the fiscal quarter in which such Permitted Acquisition occurs electing to implement the Leverage Increase Period, then the maximum Consolidated Total Net Leverage Ratio permitted by this Section 8.11(a) for the fiscal quarter in which such Permitted Acquisition occurs and each of the following three fiscal quarters of the Borrower (each a “Leverage Increase Period”) shall be automatically increased to 5.00:1.0. Following the expiration of a Leverage Increase Period, the maximum Consolidated Total Net Leverage Ratio shall be automatically decreased to 4.50:1.0 and cannot be subsequently increased again except as provided in the foregoing proviso; provided, further that the Borrower may elect no more than two (2) Leverage Increase Periods during the term of this Agreement. The increase in the maximum permitted Consolidated Total Net Leverage Ratio during the Leverage Increase Period shall be effective solely for purposes of # determining compliance with this Section 8.11(a) as of the end of each fiscal quarter during the Leverage Increase Period and # determining whether the relevant Acquisition satisfies the maximum pro forma Consolidated Total Net Leverage Ratio condition set forth in clause (d) of the definition of “Permitted Acquisition”.

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters subsequent to the Closing Date[[Borrower:Organization]] ending with any fiscal quarter to exceed 3.75:1.00 (provided, that, at the election of the Borrower by delivering written notice to the Administrative Agent on or prior to the consummation of a Material Permitted Acquisition, the applicable Consolidated Net Leverage Ratio shall be 4.25:1.00 for four quarters following such Material Permitted Acquisition; provided, further, that the Borrower may only make up to three such elections during the term of this Agreement and, after making any such election, may only make a subsequent election after at least one full fiscal quarter shall have elapsed after the end of any step-up in the maximum Consolidated Net Leverage Ratio as a result of a prior election[[Borrower:Organization]]; provided, further, that from and after the Collateral Release Date (unless the Collateral and Guarantees have been reinstated in accordance with Section 10.14(c[[Borrower:Organization]], Indebtedness of Subsidiaries (other than any Specified Joint Ventures and Foreign Subsidiaries[[Borrower:Organization]] must be permitted under [Section 7.2].

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter to be greater than 4.00 to 1.00 (the “Maximum Permitted Net Leverage Ratio”), subject to [Section 8.11(c)].

Consolidated Net Leverage Ratio. The Borrower will not permit the Consolidated Net Leverage Ratio to exceed, as of the last day of each of the following fiscal quarters, the ratio set forth next to such fiscal quarter in the table below:

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 3.75:1.0.; provided that, upon the occurrence of a Qualified Acquisition, for each of the four fiscal quarters of the Borrower immediately following such Qualified Acquisition (including the fiscal quarter of the Borrower in which such Qualified Acquisition was consummated) (such period of increase, a “Covenant Holiday”), the ratio set forth above shall be increased to 4.25:1.0; provided, further, that, # for at least one (1) fiscal quarter of the Borrower immediately following each Covenant Holiday, the Consolidated Net Leverage Ratio as of the end of such fiscal quarter shall not be greater than 3.75:1.0 prior to giving effect to another Covenant Holiday pursuant to the immediately preceding proviso, # there shall be no more than two (2) Covenant Holidays during the term of this Agreement, and # each Covenant Holiday shall only apply with respect to the calculation of the Consolidated Net Leverage Ratio for purposes of determining compliance with this [Section 8.11(b)] as of the end of any fiscal quarter of the Borrower and for purposes of determining compliance with [clause (d)] in the definition of Permitted Acquisition for purposes of determining the permissibility of any Qualified Acquisition and not for any other purpose.

Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters subsequent to the Closing Date) ending with any fiscal quarter to exceed 3.75:1.00 (provided, that, at the election of the Borrower by delivering written notice to the Administrative Agent on or prior to the consummation of a Material Permitted Acquisition, the applicable Consolidated Net Leverage Ratio shall be 4.25:1.00 for four quarters following such Material Permitted Acquisition; provided, further, that the Borrower may only make up to three such elections during the term of this Agreement and, after making any such election, may only make a subsequent election after at least one full fiscal quarter shall have elapsed after the end of any step-up in the maximum Consolidated Net Leverage Ratio as a result of a prior election); provided, further, that from and after the Collateral Release Date (unless the Collateral and Guarantees have been reinstated in accordance with [Section 10.14(c)], Indebtedness of Subsidiaries (other than any Specified Joint Ventures and Foreign Subsidiaries) must be permitted under Section 7.2.