CONSOLIDATED MINIMUM INTEREST COVERAGE Sample Clauses

CONSOLIDATED MINIMUM INTEREST COVERAGE. Maintain at all times on a rolling four-quarter basis a ratio of consolidated Operating Income of the Borrower and its Subsidiaries (before special charges) before Consolidated Interest Expense and Consolidated Taxes plus consolidated Depreciation of the Borrower and its Subsidiaries plus consolidated Amortization of the Borrower and its Subsidiaries to Consolidated Interest Expense of the Borrower and its Subsidiaries (as determined in accordance with GAAP) of not less than 3.00:1.00.
Sample 1
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CONSOLIDATED MINIMUM INTEREST COVERAGE. Borrower will maintain a ratio of (a) Consolidated Net Income plus Consolidated Total Interest Expense to (b) Consolidated Total Interest Expense of not less than 1.5 to 1 as of the end of each calendar quarter for the previous four quarters.
Sample 1
CONSOLIDATED MINIMUM INTEREST COVERAGE. Allied will maintain a ratio of (a) Consolidated Net Income plus Consolidated Total Interest Expense to (b) Consolidated Total Interest Expense of not less than 1.5 to 1 as of the end of each calendar quarter for the previous four quarters. With respect to the above covenants, no effect shall be given to the contemplated credit facility from the Bank to Borrower consisting of a cash-secured line of credit available only during the last ten (10) days of each calendar quarter and to be repaid promptly thereafter.
Sample 1

Related to CONSOLIDATED MINIMUM INTEREST COVERAGE

  • 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.

  • 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.

  • Minimum Unsecured Interest Coverage Ratio As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio for the Parent, on a consolidated basis, for the fiscal quarter then ended, annualized, to be less than or equal to 1.75 to 1.00; and

  • 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 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.

  • Interest Coverage The Borrower shall not permit the ratio of (i) Consolidated EBITDA of the Borrower for any four fiscal quarter period ending on or after June 30, 2008 to (ii) Consolidated Cash Interest Expense of the Borrower for such period to be less than 3.25 to 1.

  • 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.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.

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