EBIT to Interest Ratio. Permit, as at the end of each fiscal quarter of the Borrower, the Consolidated EBIT/Interest Ratio to be less than 2.25 to 1.00.
EBIT to Interest Ratio. The ratio of the sum of Consolidated Net Income plus Interest Expense, the interest portion of Financing Lease Obligations and all taxes in respect of income and profits paid or payable (including accrued Sub S distributions required to make shareholder tax payments) as of the end of each fiscal quarter of the Borrower beginning with the fiscal quarter ended December 31, 1998 to Interest Expense during such quarter shall not be less than 2 to 1 for the fiscal quarters ending December 31, 1998 and March 31, 1999 and 3 to 1 for the fiscal quarters ending June 30, 1999 and September 30, 1999.
EBIT to Interest Ratio. Permit its EBIT to Interest Ratio for each period of four (4) consecutive fiscal quarters to be less than 3.0 to 1.0 on June 30, 1998 at the end of each and every fiscal quarter thereafter.
EBIT to Interest Ratio. > 1.50 to 1.00 Borrower (Consolidated with Subsidiaries) Earnings before Interest and Taxes (6) Interest Expense (7) Ratio = (6) / (7): Hurdle > 1.50 (Show calculation) PASS/FAIL Guarantor (Consolidated with Subsidiaries) Earnings before Interest and Taxes (6) Interest Expense (7) Ratio = (6) / (7): Hurdle > 1.50 (Show calculation) PASS/FAIL
EBIT to Interest Ratio. 26 7.04. Minimum Qualified Customer Orders................................26 VIII. DEFAULTS................................................................26
EBIT to Interest Ratio. An EBIT to Interest Ratio (i) on a year-to-date basis as of the end of each Fiscal Quarter ending from 3/31/99 through 12/31/99 of at least 3.5:1.0, and (ii) as of the end of each Fiscal Quarter ending thereafter for the most recently completed four Fiscal Quarters as of such date, of at least 3.5:1.0.
EBIT to Interest Ratio. For the Fiscal Quarter Ended __/__/__: ================================================================================ NUMERATOR: -------------------------------------------------------------------------------- Net Income $ -------------------------------------------------------------------------------- PLUS: Interest Expense on all Indebtedness $ -------------------------------------------------------------------------------- PLUS: Taxes $ -------------------------------------------------------------------------------- PLUS: Extraordinary Losses $ -------------------------------------------------------------------------------- MINUS: Extraordinary Gains $ -------------------------------------------------------------------------------- EBIT: $ -------------------------------------------------------------------------------- DENOMINATOR: -------------------------------------------------------------------------------- Interest Expense on all Indebtedness $ -------------------------------------------------------------------------------- RATIO: (Maximum permitted is 3.5:1.0) ================================================================================
EBIT to Interest Ratio. (ss.10.1(a))1
EBIT to Interest Ratio. The Borrower shall at all times maintain an EBIT to Interest Ratio, tested as of the last day of each of the Borrower’s fiscal quarters for the four (4) quarter period ending on that date, of not less than 3.50 to 1.00.
EBIT to Interest Ratio. Borrower shall, at all times, maintain an EBIT to Interest Ratio of not less than 1.50 to 1.00. This covenant shall be calculated quarterly, on a rolling four quarters basis. “EBIT to Interest Ratio” shall mean the sum of earnings before interest and taxes divided by interest expense.
