Total Net Leverage Ratio. The Borrower will not permit the Total Net Leverage Ratio, on the last day of any fiscal quarter, to be greater than 2.75 to 1.00; provided, however, that for any fiscal quarter in which one or more Permitted Acquisitions with a total consideration of greater than $20,000,000 in the aggregate occur, the following shall apply for such fiscal quarter and the three full fiscal quarters thereafter: the Borrower will not permit the Total Net Leverage Ratio # on the last day of the fiscal quarter during which such Permitted Acquisition(s) occur and the last day of the following full fiscal quarter, to be greater than the lesser of # the level that would then otherwise be required plus 0.50 to 1.00 and # 3.25 to 1.00, and # on the last day of second full and third full fiscal quarters occurring after such Permitted Acquisition(s), to be greater than the lesser of # the level that would then otherwise be required plus 0.25 to 1.00 and # 3.25 to 1.00.

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 September 30, 2018, 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 4.75:1.0. 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.

Total Net Leverage Ratio. During the Leverage Test Period, Borrower shall not permit the Total Net Leverage Ratio on the last day of any Test Period 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 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 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 Total Net Leverage Ratio. Except with the consent of the Required Pro Rata Facilities Lenders, permit the Consolidated Total Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than the applicable level set forth below opposite such fiscal quarter under the heading “Consolidated Total Net Leverage Ratio”:

. The Consolidated Total Net Leverage Ratio for the Rolling Period ending on the last day of each Fiscal Quarter to be greater than 4.00 to 1.00; provided that during the four consecutive Fiscal Quarters immediately following a Material Acquisition, the Consolidated Total Net Leverage Ratio shall be no greater than 4.25 to 1.00.

Total Net Leverage Ratio. The Borrower will not permit the Total Net Leverage Ratio to exceed # 4.25 to 1.00, as of the end of each Reference Period ending on or after Closing Date but prior to May 31, 2019, # 3.75 to 1.00, as of the end of each Reference Period ending on or after May 31, 2019 but prior to December 31, 2019, # 4.50 to 1.00, as of the end of each Reference Period ending on or after December 31, 2019 but prior to June 30, 2020, # 4.25 to 1.00, as of the end of each Reference Period ending on or after June 30, 2020 but prior to March 31, 2021, # 4.006.50 to 1.00, as of the end of each Reference Period ending on or after March 31, 2021 but prior to December 31, 2021, # 6.00 to 1.00, as of the Reference Period ending December 31, 2021 and # 3.755.50 to 1.00, as of the end of each Reference Period ending on or after December March 31, 20212022; provided, that if the Borrower delivers a Covenant Adjustment Termination Certificate, then it will not permit the Total Net Leverage Ratio to exceed the Pre-Adjustment Leverage Ratio as of the end of any Reference Period (such required level of Total Net Leverage Ratio from time to time, the “Required Ratio”). Notwithstanding the foregoing, the then-applicable Required Ratio may be increased to accommodate a Material Permitted Acquisition at the election of the Borrower as designated in the Compliance Certificate or an earlier notice or certificate delivered by the Borrower in connection with such Material Permitted Acquisition; provided, however, that # such increase shall not otherwise go into effect until the closing of such Material Permitted Acquisition; # such increase shall only apply for a period of twelve months from and after the closing of such Material Permitted Acquisition and immediately upon the expiration of such twelve month period, the required maximum Total Net Leverage Ratio shall revert to the applicable Required Ratio set forth above for the Reference Period in which such reversion occurs; # in no event shall the maximum Total Net Leverage Ratio after giving effect to any such step-up exceed 4.75 to 1.00; and # the maximum amount that any Total Net Leverage Ratio covenant level may step-up during any Reference Period is 0.50 to 1.00.