Common use of Interest and Dividend Coverage Ratio Clause in Contracts

Interest and Dividend Coverage Ratio. For the four-quarter period ending on the date of the enclosed consolidated financial statements: EBIT: $__________ to: sum of Interest Expense: $_______ Dividends on Preferred Stock: $_______ $___________ Ratio: ___ to 1.00 (Required: not less than 1.50 to 1.00).

Interest and Dividend Coverage Ratio. For the four-quarter period ending on the date of the enclosed consolidated financial statements: EBIT: $__________ to: sum of Interest Expense: $__________ Dividends on Preferred Stock: $__________ $___________ Ratio: ___ to 1.00 (Required: not less than 1.50 to 1.00).

Interest and Dividend Coverage Ratio. For the four-quarter period ending on the date of the enclosed consolidated financial statements: EBIT: $__________ $ to: sum of Interest Expense: $_______ $ Dividends on Preferred Stock: $_______ $___________ $ $ Ratio: ___ to 1.00 (Required: not less than 1.50 to 1.00).

Interest and Dividend Coverage Ratio. For the four-quarter period ending on the date of the enclosed consolidated financial statements: EBIT: $__________ to: sum of Interest Expense: $_________ Dividends on Preferred Stock: $_________ $___________ Ratio: ______ to 1.00 (Required: not less than 1.50 to 1.00).