Solely in respect of the Revolving Credit Facility, permit the First Lien Net Leverage Ratio as of the last day of any such fiscal quarter of Holdings to exceed # for each fiscal quarter ending in 2019 (following the Closing Date), 4.50 to 1.00, # for each fiscal quarter ending in 2020, 4.50 to 1.00, # for each fiscal quarter ending in 2021, 4.00 to 1.00 and # thereafter 3.75 to 1.00; provided that, notwithstanding the foregoing, the financial covenant set forth in this [Section 8.10] shall be tested as of the last day of any such fiscal quarter only in the event that, on the last day of such fiscal quarter, the Total Outstandings (excluding undrawn Letters of Credit up to $40,000,000) is greater than 30.0% of the Total Revolving Credit Commitments (such occurrence, a “Triggering Event”).

. With respect to the Revolving Credit Facility only, permit the First Lien Secured Leverage Ratio as of the last day of any fiscal quarter (beginning with the fiscal quarter ended September 30, 2018[[Borrower:Organization]], solely to the extent that on such date the Testing Condition is satisfied, to exceed 6.25 to 1.00.

. With respect to the Revolving Facility only, permit the Net First Lien Leverage Ratio as of the last day of any fiscal quarter (beginning with the end of the first full fiscal quarter ending after the Closing Date), solely to the extent that on such date the Testing Condition is satisfied, to exceed 6.25 to 1.00.

. As of the end of each fiscal quarter of the Borrower (commencing with the first full fiscal quarter ending after the Closing Date), permit the First Lien Net Leverage Ratio as of the end of such fiscal quarter of the Borrower to be greater than 7.00 to 1.00 (the “Financial Covenant”).

SECTION # Maximum Total Secured Leverage Ratio. For the benefit of the Revolving Credit Lenders and the Issuing Banks only (and the Administrative Agent on their behalf), permit the Total Secured Leverage Ratio as of the last day of any fiscal quarter (calculated on a Pro Forma Basis and with respect to the period of four consecutive fiscal quarters ended on such date) to be greater than 5.00 to 1.00 if the Aggregate Revolving Credit Exposure (excluding any Revolving Credit Exposure in respect of any undrawn Letter of Credit) outstanding as of the last day of such fiscal quarter exceeds an amount equal to 35% of the aggregate Revolving Credit Commitments as of such day.