Common use of Consolidated EBITDA to Consolidated Interest Expense Ratio Clause in Contracts

Consolidated EBITDA to Consolidated Interest Expense Ratio. Beginning with the Initial Financial Statement Delivery Date, the Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio as of the last day of any Test Period to be less than 3.0 to 1.0. The provisions of this Section 10.10 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.10 or the defined terms used solely for purposes of this Section 10.10 or waive any Default resulting from a breach of this Section 10.10 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).

Consolidated EBITDA to Consolidated Interest Expense Ratio. Beginning with the Initial Financial Statement Delivery Date, the Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio as of the last day of any Test Period to be less than 3.0 to 1.0. The provisions of this Section 10.10 are for the benefit of the Revolving Credit Lenders only and the Required Revolving Class Lenders may amend, waive or otherwise modify this Section 10.10 or the defined terms used solely for purposes of this Section 10.10 or waive any Default resulting from a breach of this Section 10.10 without the consent of any Lenders other than the Required Revolving Class Lenders in accordance with the provisions of Section 13.1(x).. 163 LPL – Conformed A&R Credit Agreement