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

“Total Net Leverage Ratio” means, as of any date, the ratio of # Total Net Funded Indebtedness on such date to # Consolidated EBITDA for the Reference Period ended on such date (or, if such date is not the last day of a fiscal quarter, ended on the last day of the fiscal quarter most recently ended prior to such date).

With respect to Sections 5.10. and 5.11. of the Loan Agreement, testing of the Average Total Funded Debt to EBITDA set forth in Section 5.10. and of the Fixed Charge Coverage Ratio set forth in Section 5.11. shall commence with the 30th day of June 2023. Average Total Funded Debt to EBITDA shall be tested on June 30, 2023 and each quarter thereafter until the Indebtedness is indefeasibly paid in full, in each case tested as of the end of the quarter. The Fixed Charge Coverage Ratio shall be tested on June 30, 2023 and monthly thereafter until the Indebtedness is indefeasibly paid in full, in each case tested as of the end of the month.

“Total Funded Debt to EBITDA Ratio” means, as of the date of determination, the ratio of # the sum of the Obligations, Subordinated Debt, and Borrower’s Capital Lease Obligations, to # EBITDA for the trailing 12 month period ended on the date of determination.

After June 30, 2018, the Consolidated Total Funded Debt to Consolidated EBITDA Ratio shall at no time exceed 3.00 to 1.00.

“Leverage Ratio” means, as of any date of determination, the ratio of # all Funded Debt of Borrower and its Subsidiaries as of the last day of the fiscal quarter most recently ended to # EBITDA of Borrower and its Subsidiaries for the four fiscal quarters most recently ended.

“Consolidated Leverage Ratio” means, as of any date of determination, the ratio of, # Consolidated Funded Indebtedness as of such date to # Consolidated Capitalization of the Company and its Subsidiaries as of that date.

Leverage Ratio. The Parent will not permit the ratio, determined as of the end of each fiscal quarter of the Parent, for the then most-recently ended four fiscal quarters of # Consolidated Net Indebtedness to # Consolidated EBITDA (the “Leverage Ratio”) to be greater than 3.00 to 1.00.

x D. [[Organization A:Organization]] shall maintain a ratio of Total Funded Debt to EBITDA of not greater than 3.75:1.0, measured quarterly based on [[Organization A:Organization]]’s trailing twelve (12) month operating performance as reflected in [[Organization A:Organization]]’s fiscal quarterly financial statements

“Consolidated Secured Net Leverage Ratio” means, as of any date of determination, the ratio of (a) (i) Consolidated Secured Indebtedness as of such date minus # all Unrestricted Cash and Cash Equivalents as of such date, to # Consolidated EBITDA for the most recently completed Measurement Period.