Interest Cover. In respect of any test date set forth in the table below, Interest Cover shall not be less than the ratio set forth opposite such date in the table below: June 30, 2014 0.09 to 1.00 September 30, 2014 0.20 to 1.00 December 31, 2014 0.60 to 1.00 March 31, 2015 0.65 to 1.00 June 30, 2015 0.65 to 1.00 September 30, 2015 0.65 to 1.00 December 31, 2015 0.70 to 1.00 March 31, 2016 0.75 to 1.00 June 30, 2016 0.75 to 1.00 September 30, 2016 0.80 to 1.00 December 31, 2016 0.85 to 1.00 March 31, 2017 0.85 to 1.00 June 30, 2017 0.85 to 1.00 September 30, 2017 and thereafter 0.85 to 1.00
Appears in 3 contracts
Samples: Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD), Term Loan Facility Credit Agreement (CME Media Enterprises B.V.), Revolving Loan Facility Credit Agreement (CME Media Enterprises B.V.)
Interest Cover. In respect of any test date set forth in the table below, Interest Cover shall not be less than the ratio set forth opposite such date in the table below: June 30, 2014 0.09 to 1.00 September 30, 2014 0.20 to 1.00 December 31, 2014 0.60 to 1.00 March 31, 2015 0.65 to 1.00 June 30, 2015 0.65 to 1.00 September 30, 2015 0.65 to 1.00 December 31, 2015 0.70 0.75 to 1.00 March 31, 2016 0.75 to 1.00 June 30, 2016 0.75 0.80 to 1.00 September 30, 2016 0.80 to 1.00 December 31, 2016 0.85 to 1.00 March 31, 2017 0.85 to 1.00 June 30, 2017 0.85 0.90 to 1.00 September 30, 2017 and thereafter 0.85 0.90 to 1.00
Appears in 2 contracts
Samples: Term Loan Facility Credit Agreement (Central European Media Enterprises LTD), Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD)
Interest Cover. In respect of any test date set forth in the table below, Interest Cover shall not be less than the ratio set forth opposite such date in the table below: June 30, 2014 0.09 to 1.00 September 30, 2014 0.20 to 1.00 December 31, 2014 0.60 to 1.00 March 31, 2015 0.65 to 1.00 June 30, 2015 0.65 to 1.00 September 30, 2015 0.65 to 1.00 December 31, 2015 0.70 0.75 to 1.00 March 31, 2016 0.75 to 1.00 June 30, 2016 0.75 0.80 to 1.00 September 30, 2016 0.80 to 1.00 December 31, 2016 0.85 to 1.00 March 31, 2017 0.85 to 1.00 June 30, 2017 0.85 0.90 to 1.00 September 30, 2017 and 0.90 to 1.00 December 31, 2017 0.95 to 1.00 March 31, 2018 1.00 to 1.00 June 30, 2018 1.10 to 1.00 September 30, 2018 1.25 to 1.00 December 31, 2018 1.35 to 1.00 Each Quarter Date thereafter 0.85 Levels are set pursuant to 1.00Section 5.04(b)(iv)
Appears in 1 contract
Samples: Reimbursement Agreement (Central European Media Enterprises LTD)
Interest Cover. In respect of any test date set forth in the table below, Interest Cover shall not be less than the ratio set forth opposite such date in the table below: June 30, 2014 0.09 to 1.00 September 30, 2014 0.20 to 1.00 December 31, 2014 0.60 to 1.00 March 31, 2015 0.65 to 1.00 June 30, 2015 0.65 to 1.00 September 30, 2015 0.65 to 1.00 December 31, 2015 0.70 0.75 to 1.00 March 31, 2016 0.75 0.80 to 1.00 June 30, 2016 0.75 0.80 to 1.00 September 30, 2016 0.80 0.85 to 1.00 December 31, 2016 0.85 0.95 to 1.00 March 31, 2017 0.85 1.05 to 1.00 June 30, 2017 0.85 1.10 to 1.00 September 30, 2017 and 1.15 to 1.00 December 31, 2017 1.30 to 1.00 March 31, 2018 1.35 to 1.00 June 30, 2018 1.45 to 1.00 September 30, 2018 1.65 to 1.00 December 31, 2018 1.85 to 1.00 Each Quarter Date thereafter 0.85 2.00 to 1.00
Appears in 1 contract
Samples: Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD)
Interest Cover. In respect of any test date set forth in the table below, Interest Cover shall not be less than the ratio set forth opposite such date in the table below: June 30, 2014 0.09 to 1.00 September 30, 2014 0.20 to 1.00 December 31, 2014 0.60 to 1.00 March 31, 2015 0.65 to 1.00 June 30, 2015 0.65 to 1.00 September 30, 2015 0.65 to 1.00 December 31, 2015 0.70 0.75 to 1.00 March 31, 2016 0.75 0.80 to 1.00 June 30, 2016 0.75 0.80 to 1.00 September 30, 2016 0.80 0.85 to 1.00 December 31, 2016 0.85 0.95 to 1.00 March 31, 2017 0.85 1.05 to 1.00 June 30, 2017 0.85 1.10 to 1.00 September 30, 2017 and 1.15 to 1.00 December 31, 2017 1.30 to 1.00 March 31, 2018 1.35 to 1.00 June 30, 2018 1.45 to 1.00 September 30, 2018 1.65 to 1.00 December 31, 2018 1.85 to 1.00 March 31, 2019 2.05 to 1.00 June 30, 2019 2.30 to 1.00 September 30, 2019 2.45 to 1.00 December 31, 2019 2.65 to 1.00 Each Quarter Date thereafter 0.85 Levels are set pursuant to 1.00Section 5.04(b)(iv)
Appears in 1 contract
Samples: Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD)
Interest Cover. In respect of any test date set forth in the table below, Interest Cover shall not be less than the ratio set forth opposite such date in the table below: June 30, 2014 0.09 to 1.00 September 30, 2014 0.20 to 1.00 December 31, 2014 0.60 to 1.00 March 31, 2015 0.65 to 1.00 June 30, 2015 0.65 to 1.00 September 30, 2015 0.65 to 1.00 December 31, 2015 0.70 0.75 to 1.00 March 31, 2016 0.75 to 1.00 June 30, 2016 0.75 0.80 to 1.00 September 30, 2016 0.80 to 1.00 December 31, 2016 0.85 to 1.00 March 31, 2017 0.85 to 1.00 June 30, 2017 0.85 0.90 to 1.00 September 30, 2017 and 0.90 to 1.00 December 31, 2017 0.95 to 1.00 March 31, 2018 1.00 to 1.00 June 30, 2018 1.10 to 1.00 September 30, 2018 1.25 to 1.00 December 31, 2018 1.35 to 1.00 Each Quarter Date thereafter 0.85 Levels are set pursuant to 1.00Section 5.04(b)(iv)
Appears in 1 contract
Samples: Commitment Letter (Central European Media Enterprises LTD)
