Common use of Interest Cover Ratio Clause in Contracts

Interest Cover Ratio. The Borrower will procure that the Group’s Interest Cover Ratio shall be minimum 2.5 : 1 throughout the term of this Agreement.

Appears in 6 contracts

Samples: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Common Terms Agreement (Seadrill Partners LLC)

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Interest Cover Ratio. The Borrower will procure that the Group’s Interest Cover Ratio shall be minimum 2.5 : 1 throughout the term of this Agreement3.0:1.

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.)

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