INTEREST CHARGES COVERAGE Sample Clauses

INTEREST CHARGES COVERAGE. TLGI will at all times maintain (i) a ratio of EBITDAR for the most recently ended period of four consecutive fiscal quarters of TLGI to Consolidated Interest Charges for such period of four consecutive fiscal quarters of not less than 2.350 to 1.00 and (ii) a ratio of EBITDAR for the most recently ended fiscal quarter to Consolidated Interest Charges for such fiscal quarter of not less than 1.50 to 1.00.
Sample 1
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INTEREST CHARGES COVERAGE. TLGI will at all times maintain (a) a ratio of EBITDA for the most recently ended period of four consecutive fiscal quarters of TLGI to Consolidated Interest Charges for such period of four consecutive fiscal quarters of not less than 2.75 to 1.00 and (b) a ratio of EBITDA for the most recently ended fiscal quarter to Consolidated Interest Charges for such fiscal quarter of not less than 1.50 to 1.00. For purposes of this Section 5.03, any costs and expenses incurred by TLGI in contesting the 1996 tender offer for TLGI by Service Corporation International, Inc., which are reflected in the audited financial statements of TLGI as at December 31, 1996 which have been delivered to the Agent and the Banks, up to an aggregate amount not to exceed $18,678,000 for all such costs and expenses, shall be excluded from the calculation of Consolidated Net Income in determining EBITDA for the respective periods in which such costs were incurred." (c) The proviso contained at the end of Section 5.08 of the Credit Agreement is hereby amended to read as follows: "; PROVIDED, HOWEVER, that notwithstanding any provision to the contrary herein, none of TLGI, LGII or any Subsidiary of either shall make any Investment in any Person effectively located outside of the United States or Canada if after giving effect to such Investment, the aggregate amount of Investments of TLGI, LGII or any Subsidiary of either in any Persons effectively located outside of the United States or Canada, excluding Investments in Finance Subsidiaries which are Wholly-Owned Subsidiaries, would exceed an amount equal to 5% of Consolidated Net Worth. For the purpose of any computation required to be made pursuant to this Agreement, Investments shall be valued at lower of the cost or Fair Value thereof as of the date of computation." (d) Section 5.10 of the Credit Agreement is hereby amended to add the following sentence at the end thereof: "Nothing in this Section 5.10 shall prohibit any merger, amalgamation, or consolidation which is permitted by Section 5.12."
Sample 1
INTEREST CHARGES COVERAGE. 68 7.23. Maximum Consolidated Indebtedness to Adjusted EBITDAR. . . . . . . . . . . 69 7.24. Ownership of the Borrower. . . . . . . . . . . . . . . . . . . . . . . . . 69 7.25. Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 7.26. Pledge of Stock and Grant of Security Interest in Certain Assets . . . . . 69 7.27. Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 7.28. Subsidiaries' Stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 7.29. Synthetic Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72 7.30. Deliveries regarding Pledgor Subsidiaries. . . . . . . . . . . . . . . . . 73 7.31. Unrestricted Subsidiaries. . . . . . . . . . . . . . . . . . . . . . . . . 73 ARTICLE VIII DEFAULTS 8 Defaults . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73 ARTICLE IX ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
Sample 1
INTEREST CHARGES COVERAGE. 41 SECTION 5.04. MINIMUM CONSOLIDATED TANGIBLE NET WORTH . . . . . . . . . . . .42 SECTION 5.05. MINIMUM CONSOLIDATED NET WORTH. . . . . . . . . . . . . . . . .42 SECTION 5.06. DISTRIBUTIONS . . . . . . . . . . . . . . . . . . . . . . . . .42 SECTION 5.07. LOANS OR ADVANCES . . . . . . . . . . . . . . . . . . . . . . .43 SECTION 5.08. INVESTMENTS . . . . . . . . . . . . . . . . . . . . . . . . . .43 SECTION 5.09. LIENS . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45 SECTION 5.10.
Sample 1
INTEREST CHARGES COVERAGE. TLGI will at all times maintain (a) a ratio of EBITDA for the most recently ended period of four consecutive fiscal quarters of TLGI to Consolidated Interest Charges for such period of four consecutive fiscal quarters of not less than 2.750 to 1.00 and (b) a ratio of EBITDA for the most recently ended fiscal quarter to Consolidated Interest Charges for such fiscal quarter of not less than 1.50 to 1.00. For purposes of this Section 7.22, any costs and expenses incurred by TLGI in contesting the 1996 tender offer for TLGI by Service Corporation International, Inc., which are reflected in the audited financial statements of TLGI as at December 31, 1996 which have been delivered to the Agent and the Lenders, up to an aggregate amount not to exceed $18,678,000 for all such costs and expenses, shall be excluded from the calculation of Consolidated Net Income in determining EBITDA for the respective periods in which such costs were incurred."
Sample 1
INTEREST CHARGES COVERAGE. TREATMENT OF GAIN ON SALE OF ARBOR FUNERAL INC. TLGI will at all times maintain (i) a ratio of EBITDA for the most recently ended period of four consecutive fiscal quarters of TLGI to Consolidated Interest Charges for such period of four consecutive fiscal quarters of not less than 2.750 to 1.00 and (ii) a ratio of EBITDA for the most recently ended fiscal quarter to Consolidated Interest Charges for such fiscal quarter of not less than 1.50 to 1.00. For purposes of the foregoing calculations, $35,800,000 will be added to EBITDA for the fiscal quarter ended September 30, 1997 whenever EBITDA for such fiscal quarter is included in such calculations. For purposes of this SECTION 7.22, any costs and expenses incurred by TLGI in contesting the 1996 tender offer for TLGI by Service Corporation International, Inc., which are reflected in the audited financial statements of TLGI as at December 31, 1996 which have been delivered to the Agent and the Lenders, up to an aggregate amount not to exceed $18,678,000 for all such costs and expenses, shall be excluded from the calculation of Consolidated Net Income in determining EBITDA for the respective periods in which such costs were incurred.
Sample 1

Related to INTEREST CHARGES COVERAGE

  • Fixed Charges Coverage At the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2000, the ratio of Income Available for Fixed Charges to Consolidated Fixed Charges for the Fiscal Quarter just ended and the immediately preceding 3 Fiscal Quarters shall at all times be greater than 2.75 to 1.0.

  • Interest Charges Overdue payments may, at the sole discretion of SYSTEM, be subject to a daily charge commencing on the 31st day after such payment is due, compounded monthly, at the rate of either one and one-half percent (1.5%) per month or the highest legal interest rate, whichever is lower. The payment of such interest will not foreclose SYSTEM from exercising any other rights it may have as a consequence of the lateness of any payment.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Interest Expense For any period with respect to Parent Borrower and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under a construction loan, together with the interest portion of payments actually payable on Capitalized Leases, plus (b) Parent Borrower’s and its respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Interest Coverage The Borrower shall not permit the ratio of (i) Consolidated EBITDA of the Borrower for any four fiscal quarter period ending on or after June 30, 2008 to (ii) Consolidated Cash Interest Expense of the Borrower for such period to be less than 3.25 to 1.

  • MINIMUM INTEREST CHARGE Borrower agrees that all loan fees and other prepaid finance charges are earned fully as of the date of the loan and will not be subject to refund upon early payment (whether voluntary or as a result of default), except as otherwise required by law. In any event, even upon full prepayment of this Note, Borrower understands that Lender is entitled to a minimum interest charge of $250.00. Other than Borrower's obligation to pay any minimum interest charge, Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments of accrued unpaid interest. Rather, they will reduce the principal balance due.

  • Consolidated Interest Expense With respect to any period, without duplication, (a) total Interest Expense of REIT and its Subsidiaries determined on a Consolidated basis in accordance with GAAP for such period, plus (b) such Person’s Equity Percentage of Interest Expense of its Unconsolidated Affiliates for such period.

  • Cash Flow Coverage The Borrower shall maintain at all times a Cash Flow Coverage of not less than one hundred twenty five percent (125%), calculated at the end of each fiscal quarter (using a rolling four quarters of Net Income).

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.

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