Interest Coverage Leverage Clause Samples
Interest Coverage Leverage. Grupo Televisa will not at any time, permit the Interest Coverage (Consolidated EBITDA to consolidated interest expense in any period of 4 (four) consecutive calendar quarters) to be less than 1.50 to 1.00 For the aforementioned financial ratios, Consolidated EBITDA means, for any period until payment of the Aggregate Amount, the sum of the amounts for such period of consolidated operating income of Grupo Televisa and its subsidiaries for such period, before depreciation and amortization and other non recurring expenses or net income.
Interest Coverage Leverage. Grupo Televisa will not at any time, permit the interest coverage (EBITDA to Interest) to be less than 2.50 to 1.00 For the aforementioned financial ratios, EBITDA means, for any period until payment of Aggregate Amount, the sum of the amounts for such period of consolidated operating income of Grupo Televisa and Restricted Subsidiaries (as such term is defined in the Loan Agreement), determined pursuant to Generally Accepted Accounting Principles in Mexico, before depreciation and amortization.