Consolidated EBITDA to Consolidated Interest Expense Ratio. The US Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio for any Test Period ending during any period set forth below to be less than the applicable ratio set forth below opposite such period: Period Ratio October 1, 2004 to March 31, 2005 1.60 to 1.00 April 1, 2005 to September 30, 2005 1.70 to 1.00 October 1, 2005 to March 31, 2007 1.75 to 1.00 April 1, 2007 to March 31, 2008 1.85 to 1.00 April 1, 2008 to December 31, 2008 1.95 to 1.00 January 1, 2009 and thereafter 2.00 to 1.00
Appears in 3 contracts
Samples: Security Agreement (Rockwood Specialties Group Inc), Credit Agreement (Rockwood Specialties Group Inc), Credit Agreement (Rockwood Holdings, Inc.)
Consolidated EBITDA to Consolidated Interest Expense Ratio. The US Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio for any Test Period ending during any period set forth below to be less than the applicable ratio set forth below opposite such period: 120 Period Ratio October 1, 2004 to March 31, 2005 1.60 to 1.00 April 1, 2005 to September 30, 2005 1.70 to 1.00 October 1, 2005 to March 31, 2007 1.75 to 1.00 April 1, 2007 to March 31, 2008 1.85 to 1.00 April 1, 2008 to December 31, 2008 1.95 . 2009 1.50 to 1.00 January 1, 2009 and thereafter 2010 to December 31, 2010 1.75 to 1.00 January 1, 2011 to December 31, 2011 2.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Texas Genco Inc.)
Consolidated EBITDA to Consolidated Interest Expense Ratio. The US Borrower will not permit the Consolidated EBITDA to Consolidated Interest Expense Ratio for any Test Period ending during any period set forth below to be less than the applicable ratio set forth below opposite such period: Period Ratio April 1, 2010 through June 30, 2010 2.35 to 1.00 July 1, 2010 through September 30, 2010 2.50 to 1.00 October 1, 2004 2010 through December 31, 2010 2.60 to 1.00 January 1, 2011 through March 31, 2005 1.60 2011 2.75 to 1.00 April 1, 2005 to September 2011 through June 30, 2005 1.70 2011 2.95 to 1.00 October 1, 2005 to March 31, 2007 1.75 to 1.00 April 1, 2007 to March 31, 2008 1.85 to 1.00 April 1, 2008 to December 31, 2008 1.95 to 1.00 January 1, 2009 and thereafter 2.00 Thereafter 3.00 to 1.00
Appears in 1 contract
