Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the ​ to be greater than 4.0 to 1.0.

§9.1 Maximum Total Leverage Ratio. The Total Leverage shall not exceed sixty percent (60%).

determining compliance with any provision of this Agreement (other than [Section 6.10]) which requires the calculation of the Interest Coverage Ratio, the Total Leverage Ratio, Secured Leverage Ratio or the First Lien Leverage Ratio;

“Leverage Ratio” means, at any time, the ratio of # Modified Total Debt to # Total Capitalization.

Total Leverage Ratio. The Parent shall not suffer or permit the Total Leverage Ratio to exceed 4.50 to 1.00 as of the last day of any fiscal quarter of the Parent.

Total Net Leverage Ratio:14

if such Indebtedness is Junior Lien Debt, either # the Total Net Leverage Ratio measured as of the date of incurrence of such Indebtedness (or revolving commitments) shall be no greater than # the Closing Date Total Net Leverage Ratio or # the Total Net Leverage Ratio immediately prior to such incurrence or # the Interest Coverage Ratio for the applicable Test Period is equal to or greater than # 2.00 to 1.00 or # the Interest Coverage Ratio immediately prior to such incurrence; and

“Leverage Ratio” means the ratio of # Funded Debt to # Total Asset Value.

For purposes of calculating the Ratio Amount, Permitted Ratio Debt and [Section 7.01(i)] (including for purposes of [Section 7.03(l)(ii)]), the phrase “immediately prior to such incurrence” shall be construed to apply only if, at the time of such determination, on a Pro Forma Basis for such incurrence of Indebtedness and/or Liens (and for any related Permitted Investment, if applicable), # the First Lien Net Leverage Ratio would be greater than the Closing Date First Lien Net Leverage Ratio, # the Secured Net Leverage Ratio would be greater than the Closing Date Secured Net Leverage Ratio, # the Total Net Leverage Ratio would be greater than the Closing Date Total Net Leverage Ratio or # the Interest Coverage Ratio would be less than 2.00 to 1.00, as applicable.

“Total Leverage Ratio” means the ratio, as of any date of determination, of # Consolidated Total Debt outstanding as of the last day of the Test Period then most recently ended to # Consolidated Adjusted 48054934.2