Common use of Cash Interest Coverage Ratio Clause in Contracts

Cash Interest Coverage Ratio. Borrower shall not permit the ratio of (a) Consolidated EBITDA for any four consecutive complete fiscal quarters then last ended to (b) Consolidated Cash Interest Expense of Borrower for such period, commencing with the fiscal quarter ending March 31, 2000, to be less than the following ratio for the periods indicated: THROUGH END OF JANUARY 1, 2001- ALL SUBSEQUENT CALENDAR YEAR 2000 DECEMBER 31, 2001 PERIODS

Appears in 1 contract

Samples: Credit Agreement (Global Marine Inc)

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Cash Interest Coverage Ratio. Borrower shall not permit the ratio of (ai) Consolidated EBITDA for any four consecutive complete fiscal quarters then last ended after the date hereof to (bii) Consolidated Cash Interest Expense of Borrower for such period, commencing with the fiscal quarter ending March 31, 2000, period to be less than the following ratio for the periods indicated: THROUGH END OF JANUARY 1, 2001- ALL SUBSEQUENT CALENDAR YEAR 2000 DECEMBER 31, 2001 PERIODS3.00:1.

Appears in 1 contract

Samples: Credit Agreement (Global Marine Inc)

Cash Interest Coverage Ratio. Borrower shall not permit the ratio of (a) Consolidated EBITDA for any four consecutive complete fiscal quarters then last ended to (b) Consolidated Cash Interest Expense of Borrower for such period, commencing with the fiscal quarter ending March 31June 30, 20001999, to be less than the following ratio for the periods indicated: THROUGH END OF JANUARY Through End of January 1, 2001- ALL SUBSEQUENT CALENDAR YEAR 2000 DECEMBER January 1, 2001 All Subsequent Calender Year 1999 December 31, 2000 December 31, 2001 PERIODSPeriods

Appears in 1 contract

Samples: Credit Agreement (Global Marine Inc)

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Cash Interest Coverage Ratio. Borrower shall not permit the ratio of (a) Consolidated EBITDA for any four consecutive complete fiscal quarters then last ended to (b) Consolidated Cash Interest Expense of Borrower for such period, commencing with the fiscal quarter ending March 31June 30, 20001999, to be less than the following ratio for the periods indicated: THROUGH END OF JANUARY Through End of January 1, 2001- ALL SUBSEQUENT January 1, All CALENDAR YEAR 2000 - 2000- Subsequent 1999 DECEMBER 31, 2001 DECEMBER 31, PERIODS

Appears in 1 contract

Samples: Credit Agreement (Global Marine Inc)

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