Common use of Coverage Ratio Clause in Contracts

Coverage Ratio. The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

Appears in 9 contracts

Samples: Credit Agreement (Core Laboratories N V), Credit Agreement (Core Laboratories N V), Assignment and Assumption (Core Laboratories N V)

AutoNDA by SimpleDocs

Coverage Ratio. The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA minus Consolidated Capital Expenditures to (ii) Consolidated Interest Expense, to be less than 3.00 2.5 to 1.00 1.0 for any period of four consecutive fiscal quarters.

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

AutoNDA by SimpleDocs

Coverage Ratio. The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 3.5 to 1.00 1.0 for any period of four consecutive fiscal quarters.

Appears in 1 contract

Samples: Credit Agreement (Core Laboratories N V)

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