Consolidated Interest Coverage Sample Clauses

Consolidated Interest Coverage. The Company will not permit the Consolidated Interest Coverage Ratio as of the last day of any Reference Period to be less than 3:50:1.00.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
Consolidated Interest Coverage. Permit, on the last day of any fiscal quarter beginning with the first fiscal quarter end date following the Closing Date, the Interest Coverage Ratio for the four consecutive fiscal quarters of the Company ending with such fiscal quarter end date to be less than 2.75:1.00.
Sample 1Sample 2
Consolidated Interest Coverage. The Borrower shall not suffer or permit, as of the end of any Fiscal Quarter, the Consolidated Interest Coverage Ratio to be less than: (i) for the Fiscal Quarter ending July 31, 1999, 2.75 to 1, (ii) for any Fiscal Quarter ending during the period October 31, 1999 through and including July 31, 2000, 3.00 to 1, and (iii) for any Fiscal Quarter ending thereafter, 3.50 to 1.
Sample 1
Consolidated Interest Coverage. Shiloh shall not suffer or permit, as at the end of any Four Fiscal Quarter Period, the ratio (the "Consolidated Interest Coverage Ratio") of: (i) Consolidated Net Pre-Tax Earnings of Shiloh and its Subsidiaries attributable to such period PLUS Consolidated Net Interest Expense attributable to such period, to (ii) Consolidated Net Interest Expense attributable to such period, to be less as at such date than 3.00 to 1.00.
Sample 1
Consolidated Interest Coverage. Permit the Consolidated Interest Coverage Ratio for any period of four consecutive fiscal quarters of Holdings ending with any fiscal quarter set forth below to be less than the ratio set forth below opposite such fiscal quarter: Consolidated Interest Fiscal Quarter Ending Coverage Ratio --------------------- -------------- December 31, 2000 1.40 to 1 March 31, 2001 1.20 to 1 June 30, 2001 1.20 to 1 September 30, 2001 1.20 to 1 December 31, 2001 1.30 to 1 March 31, 2002 1.40 to 1 June 30, 2002 2.00 to 1 September 30, 2002 2.25 to 1 December 31, 2002 2.50 to 1 March 31, 2003 2.50 to 1 June 30, 2003 2.50 to 1 September 30, 2003 2.75 to 1 December 31, 2003 2.75 to 1 March 31, 2004 3.00 to 1 June 30, 2004 3.00 to 1 September 30, 2004 3.00 to 1 December 31, 2004 3.00 to 1 March 31, 2005 3.25 to 1 June 30, 2005 3.25 to 1 September 30, 2005 3.25 to 1 December 31, 2005 3.25 to 1 March 31, 2006 3.25 to 1 June 30, 2006 3.25 to 1 Amendment No. 1 ---------------
Sample 1
Consolidated Interest Coverage. ALFA will maintain a ratio, on a consolidated basis, measured at the end of each fiscal quarter of: (1) EBIT to (2) Interest Expense for the preceding four fiscal quarters of at least 3.0 to 1.0.
Sample 1
Consolidated Interest Coverage. The Borrower and its Consolidated Subsidiaries will, as of the last day of each fiscal quarter in each fiscal year, commencing with the fiscal quarter ended April 30, 2000, have a ratio of the following for each twelve (12) month period (taken together as a whole) ending on the end of each such fiscal quarter (1) Consolidated Earnings Before Interest, Taxes and Depreciation, to (2) Consolidated Interest Expense of not less than 4.0 to 1. 35 41
Sample 1
AutoNDA by SimpleDocs
Consolidated Interest Coverage. The Borrower will not permit the Consolidated Interest Coverage Ratio for any Test Period ending on the last day of a fiscal quarter set forth below to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 1997 4.00:1.00 March 31, 1998 4.00:1.00 June 30, 1998 4.00:1.00 September 30, 1998 4.50:1.00 December 31, 1998 4.50:1.00 March 31, 1999 4.50:1.00 June 30, 1999 4.50:1.00 September 30, 1999 5.00:1.00 December 31, 1999 5.00:1.00 March 31, 2000 5.00:1.00 June 30, 2000 5.00:1.00 September 30, 2000 5.50:1.00 December 31, 2000 5.50:1.00 March 31, 2001 5.50:1.00 June 30, 2001 5.50:1.00 September 30, 2001 and 6.00:1.00 the last day of each fiscal quarter thereafter
Sample 1
Consolidated Interest Coverage. Borrower shall not permit Consolidated EBITDA to be less than two (2) times Recurring Interest Expense at any date of determination, determined based on information for the most recent quarter annualized.
Sample 1

Related to Consolidated Interest Coverage

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Interest Coverage The Company will not permit the ratio of Consolidated Adjusted EBITDA to Consolidated Interest Expense (in each case for the Company’s then most recently completed four fiscal quarters) to be less than 2.50 to 1.00 at any time.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • 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 Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

  • Debt Coverage Ratio Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.75 to 1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!