Common use of Fixed Charge Coverage Clause in Contracts

Fixed Charge Coverage. The ratio of Consolidated EBIT to Consolidated Interest Expense will not, for any period of four consecutive fiscal quarters, be less than 2.5 to 1.

Appears in 13 contracts

Samples: 364 Day Credit Agreement (Tyco International LTD /Ber/), Credit Agreement (Tyco International LTD), Credit Agreement (Tyco International LTD /Ber/)

AutoNDA by SimpleDocs

Fixed Charge Coverage. The ratio of Consolidated EBIT to Consolidated Interest Expense will not, for any period of four consecutive fiscal quarters, be less than 2.5 1.15 to 1.

Appears in 1 contract

Samples: Credit Agreement (At&t Capital Corp /De/)

AutoNDA by SimpleDocs

Fixed Charge Coverage. The ratio of (x) Consolidated EBIT plus Consolidated Rental Expense to (y) Consolidated Interest Expense Fixed Charges will not, for any period of four consecutive fiscal quarters, be less than 2.5 to 1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tycom LTD)

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