Common use of Consolidated Interest Coverage Ratio Clause in Contracts

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to be less than 3.0 to 1.0.

Appears in 3 contracts

Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)

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Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdings, (commencing with the last day of the fiscal quarter in which ended on or about December 3, 2016), permit the Closing Date occurs, calculated Consolidated Interest Coverage Ratio for the Reference Period ending on a Pro Forma Basis, such day to be less than 3.0 3.00 to 1.01.00.

Appears in 3 contracts

Samples: Credit Agreement (MSC Industrial Direct Co Inc), Credit Agreement (MSC Industrial Direct Co Inc), Credit Agreement (MSC Industrial Direct Co Inc)

Consolidated Interest Coverage Ratio. Permit As of the last day of each fiscal quarter, the Company will not permit the Consolidated Interest Coverage Ratio as of for the last Reference Period ending on such day of any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to be less than 3.0 3.00 to 1.01.00.

Appears in 3 contracts

Samples: Subsidiary Guaranty (MSC Industrial Direct Co Inc), MSC Industrial Direct Co Inc, MSC Industrial Direct Co Inc

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of At the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last day Consolidated Interest Coverage Ratio of the Borrower for the period of four consecutive fiscal quarter in which the Closing Date occurs, calculated quarters ending on a Pro Forma Basis, such day to be less than 3.0 4.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Department 56 Inc), Credit Agreement (Department 56 Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as for the period of four consecutive fiscal quarters ending on the last day of any fiscal quarter of Holdingsquarter, commencing with the last day of the fiscal quarter in which the Closing Date occursended September 30, calculated on a Pro Forma Basis2020, to be less than 3.0 3.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Lazard Group LLC), Credit Agreement (Lazard LTD)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as for the period of four consecutive fiscal quarters ending on the last day of any fiscal quarter of Holdingsquarter, commencing with the last day of the fiscal quarter in which the Closing Date occursended September 30, calculated on a Pro Forma Basis2015, to be less than 3.0 3.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Lazard LTD), Credit Agreement (Lazard Group LLC)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of HoldingsTest Period to be less than 2.50 to 1.00, commencing with the Test Period for which the last day of the fiscal quarter in which is the Closing Date occurs, calculated on a Pro Forma Basis, to be less than 3.0 to 1.0first full fiscal quarter ending after the Merger Effective Time.

Appears in 2 contracts

Samples: Credit Agreement (Neogen Corp), Credit Agreement (Garden SpinCo Corp)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, (commencing with the last day first full fiscal quarter ending after the Closing Date) of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Borrower to be less than 3.0 3.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Broadcom Inc.), Credit Agreement

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of at the last day of any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters subsequent to the Closing Date) ending with any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, set forth below to be less than 3.0 the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Consolidated Interest Coverage Ratio Closing Date – 12/31/04 2.00 to 1.0.1.00 01/01/05 and thereafter 2.50 to 1.00

Appears in 2 contracts

Samples: Credit Agreement (Westar Energy Inc /Ks), Credit Agreement (Westar Energy Inc /Ks)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Parent ending during any period set forth below to be less than 3.0 to 1.0.the ratio set forth below for such fiscal quarter. Fiscal Quarter Minimum Consolidated Interest Coverage Ratio Closing Date through September 30, 2013 2.75:1.00 October 1, 2013 and thereafter 3.00:1.00

Appears in 2 contracts

Samples: Credit Agreement (Tempur Sealy International, Inc.), Credit Agreement (Tempur Pedic International Inc)

Consolidated Interest Coverage Ratio. Permit On the last day of each fiscal quarter of the Borrower (commencing with the fiscal quarter ended September 30, 2010), permit the Consolidated Interest Coverage Ratio as for any period of four consecutive fiscal quarters of the last day of any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Borrower to be less than 3.0 4.0 to 1.01.

Appears in 2 contracts

Samples: Credit Agreement (National Financial Partners Corp), Credit Agreement (National Financial Partners Corp)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio Ratio, as of the last day of any fiscal quarter of Holdingsthe Borrower, commencing with the last day of the fiscal quarter in which the Closing Date occursending March 31, calculated on a Pro Forma Basis2022, to be less than 3.0 to 1.04.00:1.00 for the four fiscal quarter period ending on such date.

Appears in 2 contracts

Samples: Credit Agreement (Newmark Group, Inc.), Credit Agreement (BGC Partners, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as for the period of four consecutive fiscal quarters ending on the last day of any fiscal quarter of Holdingsquarter, commencing with the last day of the fiscal quarter in which the Closing Date occursended September 30, calculated on a Pro Forma Basis2012, to be less than 3.0 3.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Lazard LTD), Credit Agreement (Lazard Group LLC)

Consolidated Interest Coverage Ratio. Permit the Maintain an Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of HoldingsFiscal Quarter, commencing beginning with the last day Fiscal Quarter ending on or about June 30, 2017, of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to be not less than 3.0 to 1.01.50:1.00.

Appears in 2 contracts

Samples: Security Agreement (CURO Group Holdings Corp.), Security Agreement (CURO Group Holdings Corp.)

Consolidated Interest Coverage Ratio. Permit In the case of the Borrower, permit the Consolidated Interest Coverage Ratio as of the last day of and for any period of four fiscal quarter of Holdings, commencing with quarters ending during the last day of period from and including the fiscal quarter in which date hereof through the Closing Revolving Maturity Date occurs, calculated on a Pro Forma Basis, to be less than 3.0 3.50 to 1.01.00. The Consolidated Interest Coverage Ratio shall be calculated as of the end of each fiscal quarter based on the period of the four consecutive fiscal quarters ending on such date.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Choice Hotels International Inc /De)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdings, each Measurement Period (commencing with the last day of the first full fiscal quarter in which following the Closing Date occursDate), calculated on a Pro Forma Basis, permit the Consolidated Interest Coverage Ratio to be less than 3.0 to 1.03.00:1.00.

Appears in 2 contracts

Samples: Credit Agreement (Warner Bros. Discovery, Inc.), Credit Agreement (At&t Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, (commencing with the last day first fiscal quarter of the fiscal quarter in which Borrower ending after the Closing Date occurs, calculated on a Pro Forma Basis, Date) of the Borrower to be less than 3.0 3.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Broadcom Inc.), Credit Agreement (Broadcom Inc.)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio Ratio, as of the last day of any fiscal quarter of Holdingsthe Borrower, commencing with the last day of the fiscal quarter in which the Closing Date occursending March 31, calculated on a Pro Forma Basis2024, to be less than 3.0 to 1.04.00:1.00 for the four fiscal quarter period ending on such date.

Appears in 2 contracts

Samples: Credit Agreement (Newmark Group, Inc.), Credit Agreement (BGC Group, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as at the last day of any period of twelve consecutive months of the Borrower ending on the last day of any fiscal quarter of Holdings, (commencing with the last day of the first full fiscal quarter in which ending after the Closing Date occurs, calculated on a Pro Forma Basis, Date) to be less than 3.0 to 1.03.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Carbonite Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of On the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last day Consolidated Interest Coverage Ratio of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Borrower to be less than 3.0 1.50 to 1.01.00 for any four consecutive fiscal quarter period beginning two fiscal quarters prior to such date and ending two fiscal quarters subsequent to such date; provided that the financial information used for the two fiscal-quarter period shall be the relevant information disclosed in the most recent Projections delivered to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of at the last day of any fiscal quarter period of Holdingsfour consecutive Fiscal Quarters ending with any Fiscal Quarter, commencing with the last day of the fiscal quarter in which the Closing Date occursFiscal Quarter ending on or around December 31, calculated on a Pro Forma Basis2012, to be less than 3.0 1.75 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Consolidated Interest Coverage Ratio to be less than 3.0 or equal to 1.03.00 to 1.00.

Appears in 1 contract

Samples: Assignment and Assumption (Mitel Networks Corp)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any the fiscal quarter quarters of Holdings, commencing the Borrower (beginning with the last day of the fiscal quarter in which the Closing Date occursending June 25, calculated on a Pro Forma Basis, 2011) to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Green Mountain Coffee Roasters Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Consolidated Interest Coverage Ratio to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Realpage Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsquarter, commencing with the last day of the fiscal quarter in which ending March 31, 2015, permit the Closing Date occurs, calculated on a Pro Forma Basis, Consolidated Interest Coverage Ratio to be less than 3.0 2.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Marlin Midstream Partners, LP)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of On the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last day Consolidated Interest Coverage Ratio of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Borrower to be less than 3.0 1.50 to 1.01.00 for any four consecutive fiscal quarter period beginning two fiscal quarters prior to such date and ending two fiscal quarters subsequent to such date; provided that the financial information used for the subsequent two fiscal-quarter period shall be the relevant information disclosed in the most recent Projections delivered to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

Consolidated Interest Coverage Ratio. Permit As of the last day of each Measurement Period (commencing with the first full fiscal quarter following the Closing Date), permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to be less than 3.0 to 1.03.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Discovery Communications, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdings, each Measurement Period (commencing with the last day of the first full fiscal quarter in which following the Closing Date occursDate), calculated on a Pro Forma Basis, permit the Consolidated Interest Coverage Ratio to be less than 3.0 to 1.0.3.00:1.00. (b)

Appears in 1 contract

Samples: Credit Agreement (Warner Bros. Discovery, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio determined as of the last day of any fiscal quarter of Holdingsthe Borrower ending on and after June 30, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, 2014 to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (TimkenSteel Corp)

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Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any Measurement Period ending as of the last day of any fiscal quarter of Holdings, commencing Fiscal Quarter beginning with the last day of the fiscal quarter in which the Closing Date occursFiscal Quarter ending September 30, calculated on a Pro Forma Basis, 2013 to be less than 3.0 to 1.02.25:1.00 (the “Minimum Interest Coverage Ratio”).

Appears in 1 contract

Samples: Term Loan Agreement (EveryWare Global, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdings, each Measurement Period (commencing with the last day of the first full fiscal quarter in which following the Closing Date occursEffective Date), calculated on a Pro Forma Basis, permit the Consolidated Interest Coverage Ratio to be less than 3.0 to 1.03.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Discovery, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdings, each Measurement Period (commencing with the last day of the first full fiscal quarter in which following the Closing Date occursEffective Date), calculated on a Pro Forma Basis, permit the Consolidated Interest Coverage Ratio to be less than 3.0 to 1.0.3.00:1.00. (b)

Appears in 1 contract

Samples: Credit Agreement (Warner Bros. Discovery, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Consolidated Interest Coverage Ratio to be less than 3.0 3.00 to 1.01.00.” Section 3.

Appears in 1 contract

Samples: Credit Agreement

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdings, (commencing with the last day of the fiscal quarter in which ended on or about March 2, 2013), permit the Closing Date occurs, calculated Consolidated Interest Coverage Ratio for the Reference Period ending on a Pro Forma Basis, such day to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (MSC Industrial Direct Co Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsquarter, commencing with permit the last Consolidated Interest Coverage Ratio for the Reference Period ending on such day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (MSC Industrial Direct Co Inc)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio as of the last day of any each fiscal quarter of Holdings, (commencing with the last day of the fiscal quarter in which the Closing Date occursDecember 31, calculated on a Pro Forma Basis, to 1996) shall be no less than 3.0 to 1.04.00:1.00.

Appears in 1 contract

Samples: Credit Agreement (Personnel Group of America Inc)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio as of the last day of any each fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to shall not be less than 3.0 3.00 to 1.01.00 for the quarter ending December 31, 1998 or less than 3.50 to 1.00 for any quarter ending thereafter.

Appears in 1 contract

Samples: Credit Agreement (Nco Group Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, (commencing with the last day first full fiscal quarter ending after the Initial Funding Date) of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Borrower to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Broadcom Inc.)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio Ratio, calculated as of the last day of any each fiscal quarter of Holdingsthe Borrower (including, commencing with for the last day avoidance of doubt, the fiscal quarter in which the Closing Date occursended March 31, calculated 2023), or as of any other date on a Pro Forma Basis, shall be greater than 2.50 to be less than 3.0 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (ARKO Corp.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of at the last day of any fiscal quarter period of Holdingsfour consecutive Fiscal Quarters ending with any Fiscal Quarter, commencing with the last day of the fiscal quarter in which the Closing Date occursFiscal Quarter ending on or around March 31, calculated on a Pro Forma Basis2012, to be less than 3.0 1.75 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, (commencing with the last day fiscal quarter ending on May 5, 2019) of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Borrower to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Broadcom Inc.)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdingsquarter, commencing with the last day of the fiscal quarter in which the Closing Date occursending December 31, calculated on a Pro Forma Basis2010, to be less than 3.0 5.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (M & F Worldwide Corp)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsquarter, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Consolidated Interest Coverage Ratio shall not be permitted to be less than 3.0 (i) for the fiscal quarter ending December 31, 2023, 2.50 to 1.01.00, (ii) for the fiscal quarters ending from March 31, 2024 through December 31, 2024, 2.00 to 1.00 and (iii) for the fiscal quarters ending March 31, 2025 and thereafter, 2.50 to 1.00.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Centuri Holdings, Inc.)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio Ratio, as of the last day of any fiscal quarter of Holdingsthe Borrower, commencing with the last day of the fiscal quarter in which the Closing Date occursending September 30, calculated on a Pro Forma Basis2023, to be less than 3.0 to 1.04.00:1.00 for the four fiscal quarter period ending on such date.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Newmark Group, Inc.)

Consolidated Interest Coverage Ratio. Permit Commencing with the first fiscal quarter ending after the Closing Date, permit the Consolidated Interest Coverage Ratio as of on the last day of any fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, US Borrower to be less than 3.0 to 1.02.25:1.00.

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals International Inc)

Consolidated Interest Coverage Ratio. Permit the The Consolidated Interest Coverage Ratio as of the last day of any each fiscal quarter of Holdings, commencing with the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, to shall be no less than 3.0 to 1.03.25:1.00.

Appears in 1 contract

Samples: Credit Agreement (Personnel Group of America Inc)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as As of the last day of any fiscal quarter of Holdingsending during the period commencing on the Signing Date and ending thereafter, commencing with permit the last day of the fiscal quarter in which the Closing Date occurs, calculated on a Pro Forma Basis, Consolidated Interest Coverage Ratio to be less than 3.0 3.00 to 1.01.00.

Appears in 1 contract

Samples: Pledge Agreement (Coeur D Alene Mines Corp)

Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of Holdings, (commencing with the last day first full fiscal quarter of the fiscal quarter in which Borrower ending after the Closing Date occurs, calculated on a Pro Forma Basis, Funding Date) of the Borrower to be less than 3.0 2.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Broadcom Inc.)

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