EBIT Ratio. With respect to the Borrower as of the last day of each fiscal quarter, the ratio of (a) EBIT of the Borrower for the four fiscal quarters then ended to (b) Interest Expense of the Borrower for the four fiscal quarters then ended. For the first three fiscal quarters of the Borrower following the Closing Date, the EBIT ratio will be calculated by including the EBIT of Borrower and Interest Expense of Borrower for the fiscal quarters which have been completed since the Closing Date.
EBIT Ratio. In the case of the Borrower, as of the last day of any fiscal quarter of the Borrower, permit the ratio of (a) Earnings before Interest and Taxes for the period of 12 consecutive months prior to such day to (b) Consolidated Interest Expense for such period of 12 consecutive months to be less than the greater of (i) 2.50 to 1.00 and (ii) any more restrictive ratio that corresponds to the percentage set forth in Section 8.8 (or any analogous provision) of the Note Purchase Agreement (it being under stood that, for example, 3.00 to 1.00 corresponds to 300%).
EBIT Ratio. 67 SECTION 6.18.
EBIT Ratio. Permit the ratio of (i) the sum of EBIT on the last day of each fiscal quarter plus amortization of goodwill and capitalized financing costs on the last day of each fiscal quarter to (ii) Total Interest on the last day of each fiscal quarter to be less than 1.5 to 1 as of fiscal year end 1998 and 2.0 to 1 for for any rolling four quarter period thereafter.
EBIT Ratio. For the Issuer as of any date of determination, the ratio of (a) aggregate EBIT to (b) aggregate Interest Expense, in each case for the most recently concluded six (6) fiscal quarters.
EBIT Ratio. 87 SECTION 6.19. Leverage Ratio............................................................................. 88 SECTION 6.20.
EBIT Ratio. Commencing with the quarter ending ---------- September 30, 1998, permit the ratio (the "EBIT Ratio") of (x) the sum of EBIT, ---------- plus amortization of goodwill and capitalized financing costs, plus management fees paid to Xxxx Capital for the trailing four quarters ending on each quarter to (y) the sum of Total Interest (excluding non-cash interest expense) as determined as of each quarter end to be less than (i) 1.00:1.00 for the period from September 30, 1998 through December 31, 1998, (ii) 1.10:1.00 for the period from January 1, 1999 through June 30, 1999, (iii) 1.25:1.00 for the period from July 1, 1999 through December 31, 1999 and (iv) 1.50:1.00 thereafter.
EBIT Ratio. 35 ---------- SECTION 5.04. Debt to Capitalization Ratio............................... 35 ---------------------------- SECTION 5.
EBIT Ratio. The ratio of (a) the sum of (i) ---------- Consolidated Net Income, (ii) Consolidated Interest Expense, and (iii) taxes on the Indirect Parent's consolidated pre-tax income to (b) Consolidated Interest Expense shall not be less than 2.25 to 1.0. Compliance with this Section 5.03 shall be calculated on a trailing 4 quarter basis as at the end of each Fiscal Quarter.
EBIT Ratio. (Section 5.03)
(a) Consolidated Net Income $____________ (b) taxes on income $____________ (c) Consolidated Interest Expense $____________ (d) Sum of (a) plus (b) plus (c) $____________ Actual Ratio of (d) to (c) Required Ratio less than or equal to 2.25 to 1.0 2. Debt to Capitalization Ratio (Section 5.04) The Debt to Capitalization Ratio shall at all times be less than 0.60 to 1.0.
(a) Consolidated Debt $_____________
(b) Consolidated Tangible Capital $_____________ Actual Ratio of (a) to (b) ____________ Maximum Ratio more than 0.60 to 1.0 COMPLIANCE CHECK LIST (Mohawk Industries, Inc.) -------------------------- _____________, 199__
