Minimum Interest Coverage Ratio. ​ will not permit the ratio, determined as of the end of each of its Fiscal Quarters, of # Consolidated EBITDA to # Consolidated Interest Expense, in each case for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter, to be less than 2.50 to 1.00.

“Projections” means the Borrower’s forecasted consolidated # balance sheets, # profit and loss statements, # cash flow statements and # capitalization statements as of the end of or for fiscal years 2015, and for each of the remaining fiscal quarters of 2014, together with appropriate supporting details and a statement of underlying assumptions.

“(B) the first, second and third fiscal quarters of each fiscal year of the Parent shall be deemed to end on January 2, April 2 and July 2, respectively, of such fiscal year for purposes of determining any such net increase in the amount of consolidated deferred revenue for such fiscal quarters pursuant to this [clause (xi)]”

Section # Financial Covenant. The ​ shall not permit, on the last day of any fiscal quarter beginning with the first full fiscal quarter end date following the Closing Date, the Consolidated Leverage Ratio for the four consecutive fiscal quarters of the ​ ending with such fiscal quarter end date to exceed 3.50:1.00.

Attached hereto as [Schedule C] are the [audited financial statements] [management-prepared financial statements] of the Target for its two most recent fiscal years and for any fiscal quarters ended within the fiscal year to date.

“Cure Specified Date” shall mean, with respect to any of the first three fiscal quarters of the Borrower in a fiscal year, within forty five (45) days after the end of such fiscal quarter, and with respect to the fourth fiscal quarter of the Borrower in a fiscal year, within ninety (90) days after the end of such fiscal quarter, in each case, commencing with the fiscal quarter ending June 30, 2022.

Limitation on Changes in Fiscal Periods. Permit the fiscal year of the Borrower or any of its Subsidiaries to end on a day other than December 31 or change the Borrower’s method of determining fiscal quarters.

Change of Fiscal Year. Borrowers will not change their fiscal years from their present fiscal years (fiscal years for Borrowers ending December 31).

Section # Consolidated Net Leverage Ratio. Howmet shall not permit the ratio of Consolidated Net Debt to Consolidated EBITDA as of the end of each fiscal quarter for the period of the four fiscal quarters of Howmet

Leverage Ratio. Maintain a ratio of Debt for Borrowed Money as of the end of such Fiscal Quarter to Consolidated EBITDA for the period of four Fiscal Quarters then ended of not greater than 3.75:1.