Interest Charge Coverage Ratio. The Company shall not, as of the end of any fiscal quarter, permit the Interest Charge Coverage Ratio for the Company and its Subsidiaries on a Consolidated basis to be less than 3.00 to 1.00.
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Samples: Note Purchase Agreement (Crosstex Energy Lp), Master Shelf Agreement (Crosstex Energy Lp)
Interest Charge Coverage Ratio. The Company shall notwill not permit the Interest Charge Coverage Ratio, as of the end of any each fiscal quarter, permit to be less than 2.00 to 1.00; provided, however, that the Company shall be permitted on two occasions under the provisions of this Section 6.16 to fail to meet such Interest Charge Coverage Ratio for (and no Default or Event of Default shall exist on account thereof) so long as the Company and its Subsidiaries on a Consolidated basis to be less than 3.00 to 1.00shall have been in compliance with the provisions of this Section 6.16 at the end of the immediately preceding fiscal quarter.
Appears in 1 contract
Samples: Seaboard Corp /De/
Interest Charge Coverage Ratio. The Company shall not, as of the end of any fiscal quarterquarter commencing with the fiscal quarter ended March 31, 2003, permit the Interest Charge Coverage Ratio for the Company and its Subsidiaries on a Consolidated basis to be less than 3.00 3.50 to 1.00.
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