"Senior Funded Debt to EBITDA Ratio" shall mean the ratio of Senior Funded Debt to EBITDA.

Priority Debt Ratio. The Company shall not permit its Priority Debt Ratio, calculated on a consolidated basis for the Company and its Subsidiaries, to exceed 2.25 to 1.00 as of the last day of each fiscal quarter.

Secured Debt Ratio. The Secured Debt Ratio, as of the end of each fiscal quarter of the Combined Parties, shall be less than or equal to 0.40 to 1.0.

"Leverage Ratio" means the ratio of Net Debt to EBITDA.

After March 31, 2018, but on or prior to June 30, 2018, the Consolidated Total Funded Debt to Consolidated EBITDA Ratio shall at no time exceed 3.25 to 1.00.

Liquidity Measures (e.g., debt-to-capital, debt-to-EBITDA, or total debt ratio);

“Total Debt to EBITDA Ratio” means, as of the last day of any Fiscal Quarter, the ratio of # Total Debt as of that day minus the lesser of # Unrestricted Cash and # $5,000,000 to # EBITDA for the Computation Period ending on that day.

On and after October 3, 2016, the Total Funded Debt to EBITDA ratio shall not exceed a maximum ratio of 2.75x

“Consolidated Cash Flow Leverage Ratio” shall mean, at any time, the ratio of # Consolidated Indebtedness minus the principal amount of Permitted Subordinated Debt at such time to # Consolidated EBITDA.

“Leverage Ratio” means, for any Testing Period, the ratio of # Consolidated Total Debt as of the last date of such Testing Period to # Consolidated EBITDA for such Testing Period.