Consolidated EBITDA to Interest Expense Sample Clauses

Consolidated EBITDA to Interest Expense. Maintain a ratio of Consolidated EBITDA to Interest Expense of not less than 2.50 to 1.00, measured at the end of each fiscal quarter based on the four most recent fiscal quarters for which financial information is available.
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Consolidated EBITDA to Interest Expense. As of the end of each Fiscal Quarter set forth below, the ratio of Consolidated EBITDA, for such Fiscal Quarter, to Interest Expense of Initial Borrower and its Consolidated Subsidiaries, for such Fiscal Quarter, shall not be less than the ratio set forth opposite such Fiscal Quarter below: Period Minimum Ratio Each Fiscal Quarter ending prior to 12/31/08 1.30:1.00 Fiscal Quarter ended 12/31/08 None Fiscal Quarter ended 3/31/09 1.50:1.00 Fiscal Quarter ended 6/30/09 1.50:1.00 Fiscal Quarter ended 9/30/09 1.50:1.00 Each Fiscal Quarter ending after 9/30/09 1.75:1.00
Sample 1
Consolidated EBITDA to Interest Expense. A ratio of Consolidated EBITDA to Interest Expense of Guarantor and its Subsidiaries, including Charterer, of not less than 2.50 to 1.00 tested quarterly at the end of each fiscal quarter based on the four most recent fiscal quarters for which financial information is available. Charterer shall, within forty-five (45) days of the end of each fiscal quarter of Charterer, provide Owner and Participants with a certificate in the form attached hereto as Appendix B (a “Compliance Certificate”) representing that Guarantor and its Subsidiaries, including Charterer, are in full compliance (or, if not in full compliance, providing reasonable details of such non-compliance) with the foregoing financial covenants and setting forth the calculations used by Guarantor and Charterer to reach that conclusion, and representing that no Event of Default and no event which with notice or lapse of time or both would be an Event of Default has occurred and is continuing (or if an Event of Default or such an event has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto). The Compliance Certificate shall be signed (on behalf of the Charterer) by Guarantor’s and Charterer’s chief financial officer or, if either Guarantor or Charterer does not have a chief financial officer, such other officer or employee of that Person who performs the duties typically undertaken by a chief financial officer.
Sample 1

Related to Consolidated EBITDA to Interest Expense

  • Interest Expense For any period with respect to Parent Borrower and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under a construction loan, together with the interest portion of payments actually payable on Capitalized Leases, plus (b) Parent Borrower’s and its respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

  • Consolidated Interest Expense With respect to any period, without duplication, (a) total Interest Expense of REIT and its Subsidiaries determined on a Consolidated basis in accordance with GAAP for such period, plus (b) such Person’s Equity Percentage of Interest Expense of its Unconsolidated Affiliates for such period.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

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