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Covenant Default
Covenant Default contract clause examples

. Except with the written consent of the Required Revolving Credit and Term A Lenders, permit the Consolidated First Lien Net Leverage Ratio on the last day of each fiscal quarter of Nexstar Media (commencing with the fiscal quarter ending on September 30, 2019[[Borrower:Organization]] to be greater than 4.25:1.00.

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. Except with the written consent of the Required Revolving Credit and Term A Lenders, permit the Consolidated First Lien Net Leverage Ratio on the last day of each fiscal quarter (commencing with the first full fiscal quarter of Nexstar Media occurring after the Closing Date[[Borrower:Organization]] during any period set forth below to be greater than the ratio set forth below opposite such period:

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