EBIT to Interest Expense Ratio. The Borrower will not permit the ratio of EBIT to Interest Expense to be less than 2.5:1.00. For purposes of calculating such ratio, the items included therein shall be measured on a consolidated basis for the Borrower and its Subsidiaries for the four full Fiscal Quarters immediately preceding the date of calculation.
EBIT to Interest Expense Ratio. The Company's ratio of Consolidated EBIT for the preceding four fiscal quarters to Consolidated Interest Expense for the preceding four fiscal quarters shall not be less than 2.50 to 1.00, tested at end of each fiscal quarter.
EBIT to Interest Expense Ratio. Permit the EBIT to Interest Expense Ratio of Borrower and its Subsidiaries to be less than the following for the following time periods: RATIO TIME PERIOD
EBIT to Interest Expense Ratio. (Section 7.05)
EBIT to Interest Expense Ratio. The Borrower shall maintain the ratio of EBIT to the interest expense at or above 5.00 to 1 measured at each Fiscal Quarter end, for the four Fiscal Quarter period then ended, taken together as a single accounting period.
EBIT to Interest Expense Ratio. The Borrower will not permit the ratio of EBIT to Interest Expense to be less than 2.50:1.00 on the last day of each Fiscal Quarter, commencing with the last day of the first full Fiscal Quarter ended after the Closing Date.
EBIT to Interest Expense Ratio. The Borrower shall maintain the ratio: at the Fiscal Quarter ending December 31, 2005 of (i) the aggregate EBIT for the two Fiscal Quarters ending October 1, 2005 and December 31, 2005, multiplied by 2 to (ii) the aggregate interest expense for the two Fiscal Quarters ending October 1, 2005 and December 31, 2005, multiplied by 2, at or above 5.00 to 1; at the Fiscal Quarter ending April 1, 2006 of (x) the aggregate EBIT for the three Fiscal Quarters ending October 1, 2005, December 31, 2005 and April 1, 2006, multiplied by 1.333, to (y) the aggregate interest expense for the three Fiscal Quarters ending in October 1, 2005, December 31, 2005 and April 1, 2006 multiplied by 1.3333, at or above 5.00 to 1; thereafter at each Fiscal Quarter end of (I) EBIT, measured for the four Fiscal Quarter period then ended, taken together as a single accounting period to (II) interest expense, measured for the four Fiscal Quarter period then ended, taken together as a single accounting period, at or above 5.00 to 1.
EBIT to Interest Expense Ratio. Net Income $ • Plus Interest Expense $ • Plus Taxes $ Equal: EBIT (Numerator) $ Divided by • Interest Expense (Denominator) $ Ratio of Numerator to Denominator (EBIT to Interest Expense Ratio): Calculation shall not exceed the following ratios as of the quarters ending below, all as calculated on a rolling four quarter basis: RATIO TIME PERIOD
EBIT to Interest Expense Ratio. As of the close of each fiscal quarter of Borrower ending after the Closing Date, Borrower and its Subsidiaries, on a consolidated basis, shall have, for the period of the four consecutive fiscal quarters which end on each such close, an EBIT to Interest Expense Ratio of not less than 2.50:1.00, provided that, prior to the close of the first four fiscal quarters of Borrower ending after the Closing Date, the EBIT to Interest Expense Ratio shall be measured on a rolling four quarter basis, with EBIT being determined on the basis of the actual fiscal quarters of Borrower closing after the Closing Date, plus EBIT for the applicable additional fiscal quarters of Borrower closing before the Closing Date, but with Interest Expense being measured and annualized on the basis of actual fiscal quarters of Borrower closing after the Closing Date.
EBIT to Interest Expense Ratio. Maintain at all times during which the ratio of Consolidated Total Debt to Consolidated Total Capitalization equals or exceeds 0.40 to 1.0, an EBIT to Interest Expense Ratio of not less than 3.0 to 1.0.
