Interest Coverage Ratio of KCS Sample Clauses

Interest Coverage Ratio of KCS. Permit Interest Coverage Ratio of KCS and its Subsidiaries on a consolidated basis to be less than 2.0 to 1.
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Interest Coverage Ratio of KCS. Required Actual -------- ------ Not less than 2.0 to 1.0 ______ to 1.0
Interest Coverage Ratio of KCS. Required Actual -------- ------ Not less than 2.0 to 1.0 ____ to 1.0 Each capitalized term used but not defined herein shall have the meaning assigned to such term in the Credit Agreement. Very truly yours, KCS ENERGY, INC. By:_____________________________________ Printed Name:___________________________ Title:__________________________________ VII-ii 116 EXHIBIT VIII OPINION OF BORROWERS' COUNSEL December ______, 1998 To each Lender party to the Credit Agreement referenced below Canadian Imperial Bank of Commerce, as Agent, and CIBC Inc., as Collateral Agent Re: First Amended and Restated Credit Agreement dated as of December _____, 1998, by and among KCS Medallion Resources, Inc., KCS Energy, Inc., KCS Energy Services, Inc., and Medallion Gas Services, Inc., (collectively, the "Borrowers"), Canadian Imperial Bank of Commerce, as Agent, CIBC Inc., as Collateral Agent, and the lenders party thereto from time to time (the "Credit Agreement")

Related to Interest Coverage Ratio of KCS

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio at the end of any fiscal quarter (calculated as of the end of each such fiscal quarter for the four-fiscal quarter period ending on such date) to be less than 3.00 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • 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.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.

  • Minimum 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 3.25 to 1.00.

  • Debt Coverage Ratio Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.55 to 1.00.

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Liquidity Coverage Ratio The Seller shall not issue any LCR Security.

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