Context:SECTION 6.07
Leverage Ratio
. Permit the Leverage Ratio as of the last day of any
fiscal quarter to exceed (a) prior to the date a QualifiedAcquisition is consummated, 3.50:1.00 or (b) on or after the date a Qualified Acquisition is consummated, the ratio set forth below opposite theapplicable fiscal quarter:
Fiscal Quarter Ended
Maximum Leverage Ratio
On or after the date of the consummation of a Qualified Acquisitionthrough the last day of the second full consecutive fiscal quarter ofthe Company after the consummation of such Qualified Acquisition
4.50 : 1.00
On the last day of the third full consecutive fiscal quarter after theconsummation of such Qualified Acquisition
4.25 : 1.00
On the last day of the fourth full consecutive fiscal quarter after theconsummation of such Qualified Acquisition
4.00 : 1.00
On the last day of the fifth full consecutive fiscal quarter after theconsummation of such Qualified Acquisition
3.75 : 1.00
At all times thereafter
3.50 : 1.00

Question: "What are the ratio points for Leverage Ratio?"

Expected Answer: "4.5x with step down to 3.5x"

Context:SECTION 6.10.
Financial Covenants.
(a) The Borrower will not permit the Total Leverage Ratio to exceed, as of the last day of any fiscalquarter of the Borrower for which financial statements have been, or are required to be, delivered hereunder, (i) at any time during an AcquisitionPeriod, 5.50 to 1.00 and (ii) otherwise, 5.00 to 1.00.
(b) Prior to the Investment Grade Rating Date, the Borrower will not permit the Secured Leverage Ratio to exceed, as of the last day ofany fiscal quarter of the Borrower for which financial statements have been, or are required to be, delivered hereunder, 4.00 to 1.00.

Question: "What are the ratio points for Leverage Ratio?"

Expected Answer: In your response, include at most 14 words that are fully capitalized to emphasize key points.
user