Amendment to Interest Coverage Ratio Sample Clauses

Amendment to Interest Coverage Ratio. Section 6.11. Section --------------------------------------------------- 6.11 of the Loan Agreement is hereby amended so that the following are the required ratios as of the dates set forth below: Fiscal Quarter or Period Minimum Interest Coverage Ratio ------------------------ ------------------------------- September 30, 2001 through March 31, 2002 1.10:1.00 June 30, 2002 through December 31, 2002 1.25:1.00 March 31, 2003 and June 30, 2003 1.50:1.00 Thereafter 2.00:1.00
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Amendment to Interest Coverage Ratio. Section 5.01 (m) of ------------------------------------ each of the Credit Agreements is amended by (a) deleting the reference to "during any year" in clause (ii), (b) replacing the reference in clause (ii) to "such year" with "such Fiscal Quarter" and (c) amending and restating the table contained therein to read in its entirety as follows: Fiscal Quarter Required Ending Ratio ------ ----- March 31, 2001 1.50x June 30, 2001 1.40x September 30, 2001 1.40x December 31, 2001 1.40x March 31, 2002 1.40x June 30, 2002 1.40x September 30, 2002 1.40x December 31, 2002 1.40x March 31, 2003 1.50x June 30, 2003 1.50x September 30, 2003 1.50x December 31, 2003 1.65x March 31, 2004 1.65x June 30, 2004 1.65x September 30, 2004 1.65x December 31, 2004 1.65x March 31, 2005 and thereafter 1.75x
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Amendment to Interest Coverage Ratio. Section 10.4 shall be amended to read in its entirety as follows:
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Amendment to Interest Coverage Ratio. Section 8.3.2 of the Loan Agreement shall be amended to read in its entirety as follows:
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Amendment to Interest Coverage Ratio. Section 5.01(m) of each ------------------------------------ of the Credit Agreements is amended by deleting the ratio "1.40x" set forth in the table contained therein opposite the Fiscal Quarter ending September 30, 2001 and inserting in its place the ratio "1.25x".
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Amendment to Interest Coverage Ratio. Section 11.2.2 of the ------------------------------------ Credit Agreement is hereby amended by deleting the table set forth therein in its entirety and by replacing it with the following new table: "Period Minimum Ratio October 31, 1999 - January 30, 2000 1.10:1.00 January 31, 2000 - April 29, 2000 1.25:1.00 April 30, 2000 - July 30, 2000 1.35:1.00 July 31, 2000 - October 30, 2000 1.40:1.00 October 31, 2000 - January 30, 2001 1.50:1.00 January 31, 2001 - April 29, 2001 1.60:1.00 April 30, 2001 - July 30, 2001 1.80:1.00 July 31, 2001 - October 30, 2001 2.00:1.00 October 31, 2001 - January 30, 2002 2.20:1.00 January 31, 2002 - April 29, 2002 2.40:1.00 April 30, 2002 and thereafter 2.50:1.00"
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Amendment to Interest Coverage Ratio. Section 8.02(5) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
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Amendment to Interest Coverage Ratio. Section 8(d) of the Parent Guaranty is hereby amended to read in its entirety as follows:
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Related to Amendment to Interest Coverage Ratio

  • Minimum Unsecured Interest Coverage Ratio As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio for the Parent, on a consolidated basis, for the fiscal quarter then ended, annualized, to be less than or equal to 1.75 to 1.00; and

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Debt Coverage Ratio Permit, as of the close of any fiscal quarter, the ratio of (a) quarterly EBITDAX to (b) Debt Service to be less than 2.50 to 1.0.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 2.00 to 1 at any time.

  • Maintenance of Effective Leverage Ratio For so long as the Fund fails to provide the information required under Sections 6.1(o) and 6.1(p), Xxxxx Fargo shall calculate, for purposes of Section 2.5(b)(ii)(A)(y) of the Statement, the Effective Leverage Ratio using the most recently received information required to be delivered pursuant to Sections 6.1(o) and 6.1(p) and the market values of securities determined by the third-party pricing service which provided the market values to the Fund on the most recent date that information was properly provided by the Fund pursuant to the requirements of Section 6.1(o) and 6.1(p). The Effective Leverage Ratio as calculated by Xxxxx Fargo in such instances shall be binding on the Fund. If required, the Fund shall restore the Effective Leverage Ratio as provided in the Statement. For purposes of calculating the Effective Leverage Ratio, any Overconcentration Amount shall be subtracted from the sum determined pursuant to sub-section (ii) of the definition of Effective Leverage Ratio, set out in Section 2.4(d) of the Statement. In connection with calculating the Effective Leverage Ratio, the Fund’s total assets and accrued liabilities shall reflect the positive or negative net obligations of the Fund under each Derivative Contract determined in accordance with the Fund’s valuation policies.

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

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