Common use of Interest Cover Ratio Clause in Contracts

Interest Cover Ratio. The Parent Guarantor shall procure that the ratio of EBITDA to Finance Charges for it (on a consolidated basis) in respect of any Relevant Period (starting with the Relevant Period ending 30 June 2014) shall be no less than 2.50:1.00.

Appears in 4 contracts

Samples: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term Facility Agreement, Term Facility Agreement (KNOT Offshore Partners LP)

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Interest Cover Ratio. The Parent Guarantor shall procure that the ratio of EBITDA to Finance Charges for it (on a consolidated basis) in respect of any Relevant Period (starting with the Relevant Period ending 30 June 2014) shall be no less than 2.50:1.00.. 64/120 21.6 Liquidity The Parent Guarantor shall procure that it (on a consolidated basis) at all times maintains Cash and Cash Equivalents in an amount equal to or greater than USD 15,000,000:

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement

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