Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, a ratio of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 for the four fiscal quarters ending on such date.
Appears in 5 contracts
Samples: Credit Agreement (Beckman Coulter Inc), Credit Agreement (Beckman Coulter Inc), Bridge Credit Agreement (Beckman Coulter Inc)
Interest Coverage Ratio. Maintain, at At the end of each fiscal quarter of any Fiscal Quarter, the Borrower, a ratio of (a) Consolidated EBITDA to (b) Interest Expense of for the four-Fiscal Quarter period ending with such Fiscal Quarter will not be less than 3.5:1.0 for the four fiscal quarters ending on such date3.0 to 1.0.
Appears in 4 contracts
Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)
Interest Coverage Ratio. Maintain, at as of the end of each fiscal quarter of the Borrowerquarter, a ratio of Consolidated EBITDA of the Borrower and its Subsidiaries to Interest Expense interest payable on, and amortization of debt discount in respect of, all Debt, in each case for the period of four fiscal quarters then ended, of not less than 3.5:1.0 for the four fiscal quarters ending on such date3.5 to 1.0.
Appears in 4 contracts
Samples: Credit Agreement (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/)
Interest Coverage Ratio. Maintain, Maintain on a consolidated basis a ratio of EBITDAX to Interest Expense of at least 3.0 to 1.0. These ratios will be calculated at the end of each fiscal quarter using the results of the Borrower, a ratio of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 for the four twelve-month period ending with that fiscal quarters ending on such datequarter.
Appears in 4 contracts
Samples: Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp)
Interest Coverage Ratio. Maintain, at As of the end of each fiscal quarter of quarter, based upon the Borrowerfinancial statements delivered pursuant to Section 6.1 or 6.2 hereof for such quarter, the Borrower shall maintain a ratio of Consolidated (a) Adjusted EBITDA as of the end of such fiscal quarter to (b) Interest Expense for the twelve (12) month period then ending, of not less than 3.5:1.0 for the four fiscal quarters ending on such date2.50 to 1.00.
Appears in 4 contracts
Samples: Loan Agreement, Term Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)
Interest Coverage Ratio. Maintain, at as of the end of each fiscal quarter of Fiscal Quarter, with respect to the Borrowerfour Fiscal Quarters then ended, a ratio of Consolidated EBITDA EBIT to Consolidated Interest Expense of not less than 3.5:1.0 for the four fiscal quarters ending on such dateat least 2.25:1.00.
Appears in 3 contracts
Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)
Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, The Borrower shall maintain a ratio (the "Interest Coverage Ratio") of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 at least 2 : 1 for each fiscal quarter ending from and after the Effective Date. In each case the Interest Coverage Ratio shall be determined as of the last day of each fiscal quarter for the four fiscal quarters four-quarter period ending on such dateday.
Appears in 2 contracts
Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)
Interest Coverage Ratio. Maintain, at As of the end last day of each fiscal quarter of the Borrower, a ratio of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 for the four fiscal quarters twelve month period ending on such date, the ratio of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense shall be greater than or equal to 3.0 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (PNM Resources), Credit Agreement (PNM Resources Inc)
Interest Coverage Ratio. Maintain, Maintain at the end of each fiscal ----------------------- quarter of the Borrower, Parent Borrower a ratio of Consolidated EBITDA to Interest Expense cash interest payable on all Debt of the Parent Borrower and its Subsidiaries, in each case for the four quarter period then ending, of not less than 3.5:1.0 for the four fiscal quarters ending on such date4.00:1.00.
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Interest Coverage Ratio. Maintain, at The Borrower will maintain as of the end of each fiscal quarter of the Borrowerquarter, on a rolling four quarters basis, a ratio of (i) Consolidated EBITDA to Interest Expense (ii) Consolidated interest expense of not less than 3.5:1.0 for the four fiscal quarters ending on such date4.0 to 1.0.
Appears in 1 contract
Samples: Loan Agreement (Lsi Industries Inc)
Interest Coverage Ratio. Maintain, at Maintain as of the end of each fiscal quarter of the Borrower, Borrower a ratio of (i) Consolidated EBITDA for the most recently completed four fiscal quarters of the Borrower to (ii) Interest Expense of the Borrower and its Subsidiaries for such period of not less than 3.5:1.0 for the four fiscal quarters ending on such date3.0 to 1.0.
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Interest Coverage Ratio. MaintainThe Borrower will, at as of the end last day of each fiscal quarter of each fiscal year of the BorrowerBorrower set forth below, maintain a ratio of Consolidated EBITDA EBIT to Consolidated Interest Expense for its four most recently completed fiscal quarters ending on or about such date of not less than 3.5:1.0 for the four fiscal quarters ending on corresponding amount set forth opposite such date.:
Appears in 1 contract
Samples: Credit Agreement (Maytag Corp)
Interest Coverage Ratio. Maintain, at As of the end last day of each fiscal quarter of the Borrower, a the ratio of (i) Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 for the four consecutive fiscal quarters of the Borrower and its Consolidated Subsidiaries ending on such datedate to (ii) Consolidated Interest Expense for such period will not be less than 3.0 to 1.
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Interest Coverage Ratio. MaintainThe Borrower will, at as of the end last day of each fiscal quarter for each fiscal year of the Borrower, maintain a ratio of Consolidated EBITDA EBIT to Consolidated Interest Expense of not less than 3.5:1.0 for the its four most recently completed fiscal quarters ending on such datedate of not less than 3.0 to 1.0.
Appears in 1 contract
Samples: Credit Agreement (Maytag Corp)
Interest Coverage Ratio. Maintain, Maintain at the end of each fiscal quarter of the Borrower, a ratio of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 Expense, in each case for the four consecutive fiscal quarters quarter period ending on such date, at least [*].
Appears in 1 contract
Samples: Credit Agreement (Qualcomm Inc/De)
Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, The Borrower shall maintain a ratio (the "INTEREST COVERAGE RATIO") of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 at least 2 to 1 for each fiscal quarter ending from and after the Effective Date. In each case the Interest Coverage Ratio shall be determined as of the last day of each fiscal quarter for the four fiscal quarters four-quarter period ending on such dateday.
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Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, The Borrower shall maintain a ratio of Consolidated (A) EBITDA (after deducting Capital Expenditures not financed) to Interest Expense (B) interest expense, of not less than 3.5:1.0 for 1.50 to 1.00, measured at each Fiscal Quarter End commencing on the four date of this Agreement, on a consolidated year to date basis during the fiscal quarters year ending December 31, 2002, and on such date.a consolidated rolling four-quarter basis thereafter;
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Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, a ratio of Consolidated EBITDA to Interest Expense Consolidated interest expense (net of not less than 3.5:1.0 interest income) for the four fiscal quarters ending on ended as of the end of such datequarter not less than 3.5:1.0.
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Interest Coverage Ratio. Maintain, As at the end of each fiscal quarter of the BorrowerBorrowers, a the ratio of (a) Consolidated EBITDA for the four-fiscal quarter period then ending to (b) Consolidated Total Interest Expense of not less than 3.5:1.0 for the four such four-fiscal quarters ending on such datequarter period.
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Interest Coverage Ratio. Maintain, at As of the end of each any fiscal quarter quarter, permit the ratio of (a) Consolidated EBIT of the Borrower, a ratio of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 Borrower and its Subsidiaries for the period of four (4) consecutive fiscal quarters ending on such datefiscal quarter to (b) Interest Expense for such period of four (4) consecutive fiscal quarters, to be less than 3.00 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Corrections Corporation of America)
Interest Coverage Ratio. Maintain, at As of the end last day of each fiscal quarter of the Borrower, the Borrower shall maintain a ratio of Consolidated (a) EBITDA to Interest Expense of not less than 3.5:1.0 for the four fiscal quarters ending on such dateof the Borrower then ended to (b) Interest Expense for the same four fiscal quarters then ended of not less than 2.5 to 1.0.
Appears in 1 contract
Interest Coverage Ratio. MaintainBorrower shall, at as of the end of each fiscal quarter of -------------------------- quarter, maintain the Borrower, a ratio of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 for the four fiscal quarters ending on such dateof Borrower then ended to Consolidated Interest Expense for the same period (the "Interest Coverage Ratio") of greater than 2.0 to 1.0.
Appears in 1 contract
Samples: Loan and Security Agreement (Litchfield Financial Corp /Ma)
Interest Coverage Ratio. Maintain, at As of the end of each their fiscal quarter ending December 31, 2008 and each of their subsequent fiscal quarters, the Borrower, Borrower and its Subsidiaries shall maintain a ratio of Consolidated consolidated EBITDA to consolidated Interest Expense Charges of not less than 3.5:1.0 for the four fiscal quarters ending on such date2.00 to 1.00.
Appears in 1 contract
Samples: Loan Agreement (Koss Corp)
Interest Coverage Ratio. MaintainMaintain a ratio, at determined as of the end of each fiscal quarter Fiscal Quarter ending after the date hereof, of (a) Consolidated EBIT to (b) Consolidated Net Interest Expense, in each case for the Borrowerperiod of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter, all calculated for the Borrower and its Subsidiaries on a ratio of Consolidated EBITDA to Interest Expense consolidated basis, of not less than 3.5:1.0 for the four fiscal quarters ending on such date2.00 to 1.00.
Appears in 1 contract
Samples: Five Year Revolving Credit Facility Agreement (Sara Lee Corp)
Interest Coverage Ratio. Maintain, As at the end of each any fiscal quarter of the ----------------------- Borrower, a permit the ratio of Consolidated EBITDA to Consolidated Interest Expense of not less than 3.5:1.0 for the four consecutive fiscal quarters ending on the last day of such datefiscal quarter to be less than 3.0 to 1.0.
Appears in 1 contract
Samples: Credit Agreement (P Com Inc)
Interest Coverage Ratio. Maintain, at The Borrower shall maintain for the end of each immediately preceding four fiscal quarter of the Borrower, quarters a ratio of Consolidated (a) EBITDA to (b) Interest Expense of not less than 3.5:1.0 for 2.60:1.0, calculated as of the four end of each fiscal quarters ending on such datequarter.
Appears in 1 contract
Samples: Credit Agreement (Mobile Mini Inc)
Interest Coverage Ratio. Maintain, Maintain at the end of each fiscal quarter of the Borrower, beginning with the fiscal quarter ending closest to June 30, 1998, a ratio of Consolidated EBITDA for the most recently completed four fiscal quarters of the Borrower and its Subsidiary Parties to Cash Interest Expense during such period of not less than 3.5:1.0 for the four fiscal quarters ending on such date5:1.
Appears in 1 contract
Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, a ratio of Consolidated EBITDA to Interest Expense Consolidated interest expense (net of not less than 3.5:1.0 interest income) for the four fiscal quarters ending on ended as of the end of such datequarter not less than 3.50:1.0.
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Interest Coverage Ratio. MaintainThe Borrower will, at as of the end last day of each fiscal quarter of each fiscal year of the Borrower, maintain a ratio of Consolidated EBITDA to Consolidated Interest Expense for its four most recently completed fiscal quarters ending on or about such date of not less than 3.5:1.0 for the four fiscal quarters ending on such date3.00 to 1.0.
Appears in 1 contract
Samples: Credit Agreement (Maytag Corp)
Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, The Borrower shall maintain a ratio (the "INTEREST COVERAGE RATIO") of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 at least 2: 1 for each fiscal quarter ending from and after the Effective Date. In each case the Interest Coverage Ratio shall be determined as of the last day of each fiscal quarter for the four fiscal quarters four-quarter period ending on such dateday.
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Interest Coverage Ratio. Maintain, Maintain at the end of each fiscal quarter of the Borrower, Holding a ratio of Consolidated EBITDA for the most recently completed four fiscal quarters of Holding and its Subsidiaries to Interest Expense cash interest payable on all Debt payable by the Borrower and its Subsidiaries during such four fiscal quarter period of not less than 3.5:1.0 the ratio set forth below for the four fiscal quarters ending on such date.period:
Appears in 1 contract
Samples: Credit Agreement (Central Tractor Farm & Country Inc)
Interest Coverage Ratio. Maintain, as at the end of each fiscal quarter of the Borrowerquarter, a ratio of Consolidated Debt to EBITDA to Interest Expense of not less than 3.5:1.0 for the four fiscal quarters ending on such datethen ended of not less than 3.50 to 1.00.
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Interest Coverage Ratio. Maintain, at Maintain as of the end last day of each fiscal quarter of the Borrower, Borrower a ratio of (i) Consolidated EBITDA for the most recently completed four fiscal quarters of the Borrower to (ii) Interest Expense of the Borrower and its Subsidiaries for such period of not less than 3.5:1.0 3.00:1.00 for the four fiscal quarters ending on such dateperiod.
Appears in 1 contract
Samples: Credit Agreement (Applied Graphics Technologies Inc)
Interest Coverage Ratio. Maintain, at Borrower shall maintain as of the end of each fiscal quarter, commencing with the fiscal quarter of the Borrowerending June 30, 1997 a ratio of Consolidated (A) EBITDA for such fiscal quarter to Interest Expense (B) interest expense for such fiscal quarter, of not less than 3.5:1.0 for the four fiscal quarters ending on such date1.50 to 1.00.
Appears in 1 contract
Samples: Loan and Security Agreement (American Materials & Technologies Corp)
Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, Maintain a ratio of Consolidated EBITDA of the Borrower and its Subsidiaries to Interest Expense for the four quarters most recently ended, in each case, by the Borrower and its Subsidiaries of not less than 3.5:1.0 for the four fiscal quarters ending on such date4.50:1.00.
Appears in 1 contract
Interest Coverage Ratio. Maintain, at the end of each fiscal quarter of the Borrower, The Borrower shall maintain a ratio (the “Interest Coverage Ratio”) of Consolidated EBITDA to Interest Expense of not less than 3.5:1.0 at least 2.00 : 1 for each fiscal quarter ending from and after the Effective Date. In each case the Interest Coverage Ratio shall be determined as of the last day of each fiscal quarter for the four fiscal quarters four-quarter period ending on such dateday.
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Interest Coverage Ratio. MaintainPermit the ratio of Borrowers’ and their Subsidiaries’ consolidated EBITDA for each fiscal quarter ending on September 30, at 2008 and the end last day of each fiscal quarter of the Borrower, a ratio of Consolidated EBITDA thereafter to Interest Expense of not for that quarter to be less than 3.5:1.0 for the four fiscal quarters ending on such date2.50:1.00.
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Interest Coverage Ratio. MaintainWith respect to each Fiscal Quarter ending after the Restatement Date, at the end of each fiscal quarter of the Borrower, maintain a ratio of Consolidated EBITDA to Consolidated Interest Expense Expense, in each case for the period of four Fiscal Quarters then ended, of not less than 3.5:1.0 for the four fiscal quarters ending on such date3.00:1.
Appears in 1 contract
Samples: Credit Agreement (Xerox Corp)