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.
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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 2.750 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." Section 2.5 AMENDMENT TO SECTION 7.28. Section 7.28(e) of the Credit Agreement is amended to read in full as follows:
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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.
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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
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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." (e) Section 5.29(b) of the Credit Agreement is hereby amended to read as follows: "
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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.
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Related to INTEREST CHARGES COVERAGE

  • Interest Charges We calculate a Daily Balance for your Account. We maintain separate balances for your Purchases, Cash Advances and special promotional balances (each, a “Balance Type”) and calculate a Daily Balance for each. To determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and credits applied to that Balance Type. We then multiply the resulting balance by the applicable Daily Periodic Rate. The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day. Purchases and Cash Advances are included in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase or Cash Advance is posted to the Account. Cash Advance Fees are included in the Daily Balance of Cash Advances, and all other fees are included in the Daily Balance of Purchases, when posted to the Account. We figure the Interest Charge on your Account for each Balance Type by multiplying your Daily Balance of each Balance Type by the applicable Daily Periodic rate for each day in the billing cycle. At the end of the billing period, we will add up the daily Interest Charges on all Balance Types for each day in the billing period to get the total Interest Charge for the billing period. Interest Charges begin to accrue on Purchases as of the day the Purchase is included in the Daily Balance. However, if you paid the New Balance that was shown on your previous billing statement by the Payment Due Date on that statement, then (1) we will not impose Interest Charges on Purchases during your current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement, and (2) we will credit any payment (to the extent the payment is applied toward Purchases) as of the first day in your current billing period if you make a payment by the Payment Due Date that is less than the current billing period’s New Balance. If a New Balance was shown on your previous billing statement and you did not pay the New Balance by the Payment Due Date on that statement, then we will not impose Interest Charges on any Purchases during the current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement. There is no time period in which you may repay a Cash Advance and avoid imposition of Interest Charges. We may be required to apply your payments to certain balances first. This may impact Interest Charges on Purchases. If you do not pay your New Balance in full each month, then, depending on the balance to which we apply your payment, your new Purchases may be subject to interest. .•MINIMUM CHARGE FOR BILLING PERIOD — For any billing period in which an Interest Charge is imposed on your Account, there is a minimum interest charge of $1.00.

  • 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 Company will not permit the ratio of Consolidated Adjusted EBITDA to Consolidated Interest Expense (in each case for the Company’s then most recently completed four fiscal quarters) to be less than 2.50 to 1.00 at any time.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • 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.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

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