Consolidated EBITDA to Consolidated Interest Expense. KPP and its Subsidiaries will maintain, as of the end of each fiscal quarter of KPP, a ratio of Consolidated EBITDA to Consolidated Interest Expense of not less than 3.00 to 1.00, measured, in each case, for the four-fiscal quarter period ending on each date of such determination..
Appears in 2 contracts
Samples: Bridge Loan Agreement (Kaneb Services LLC), Revolving Credit Agreement (Kaneb Pipe Line Partners L P)
Consolidated EBITDA to Consolidated Interest Expense. KPP and its Subsidiaries will maintain, as of the end of each fiscal quarter of KPP, maintain a ratio of Consolidated EBITDA to Consolidated Interest Expense of not less than 3.00 to 1.003.00:1.00, measured, in each case, for the four-fiscal quarter period ending on the last day of each date of such determination..fiscal quarter.
Appears in 1 contract
Samples: Revolving Credit Agreement (Kaneb Pipe Line Partners L P)
Consolidated EBITDA to Consolidated Interest Expense. KPP and its Subsidiaries will maintain, as of the end of each fiscal quarter of KPP, a ratio of Consolidated EBITDA to Consolidated Interest Expense of not less than 3.00 to 1.00, measured, in each case, for the four-fiscal quarter period ending on each date of such determination...
Appears in 1 contract
