Common use of Consolidated Coverage Ratio Clause in Contracts

Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any period of four consecutive fiscal quarters (commencing with the period ending on the last day of the first fiscal quarter ended after the Effective Date) to be less than 2.25 to 1.00.

Appears in 4 contracts

Samples: Term Loan Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Auto Parts Inc), Term Loan Credit Agreement (Advance Auto Parts Inc)

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Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for as at the last day of any period of four consecutive fiscal quarters (commencing with the period Fiscal Quarters ending on the last day of the first fiscal quarter ended after the Effective Date) Date to be less than 2.25 2.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Polo Ralph Lauren Corp)

Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any period of four consecutive fiscal quarters (commencing with the period ending on the last day of the first fiscal quarter ended after the Effective Date) to be less than 2.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any period of four consecutive fiscal quarters (commencing with the period ending on the last day of the first full fiscal quarter ended after the Effective Closing Date) to be less than 2.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any period of four consecutive fiscal quarters (commencing with the period ending on the last day of the first fiscal quarter ended after the Effective Date) to be less than (a) 1.75 to 1.00 for each period of four fiscal quarters ending on October 7, 2023 and December 30, 2023, (b) 2.0 to 1.00 for each period of four fiscal quarters ending on April 20, 2024 through and including the period of four fiscal quarters ending on October 4, 2025 and (c) 2.25 to 1.001.00 for each period of four fiscal quarters ending after October 4, 2025.

Appears in 1 contract

Samples: The Credit Agreement (Advance Auto Parts Inc)

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Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any period of four consecutive fiscal quarters (commencing with the period ending on the last day of the first fiscal quarter ended after the Effective Date) to be less than 2.25 to 1.00.

Appears in 1 contract

Samples: The Credit Agreement (Advance Auto Parts Inc)

Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any period of four consecutive fiscal quarters (commencing with the period ending on or around the last day of the first fiscal quarter ended after the Effective Date) dates indicated below to be less than the ratio set opposite such dates: Fiscal Quarter Ending Ratio On or before December 30, 2017 2.25 to 1.00 April 21, 2018 through December 29, 2018 2.00 to 1.00 April 20, 2019 and thereafter 2.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

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