Common use of Interest Coverage Clause in Contracts

Interest Coverage. Requirement: maintain a ratio of EBITDA to Net Interest Expenses on a trailing 4-quarter basis of not less than 2.00 to 1.00. Satisfied [YES] : [NO]

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

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Interest Coverage. Requirement: maintain a ratio of EBITDA to Net Interest Expenses on a trailing 4-quarter basis of not less than 2.00 to 1.00. Satisfied [YES] : [NO].

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Interest Coverage. Requirement: maintain a ratio of EBITDA to Net Interest Expenses Payable on a trailing four (4-quarter ) Financial Quarter basis of not less than 2.00 to 1.00. Satisfied [YES] : [NO].

Appears in 1 contract

Samples: Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.)

Interest Coverage. Requirement: maintain a ratio of EBITDA to Net Interest Expenses Payable on a trailing four (4-quarter ) Financial Quarter basis of not less than 2.00 3.00 to 1.00. Satisfied [YES] : [NO].

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

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Interest Coverage. Requirement: maintain a ratio of EBITDA to Net Interest Expenses Payable on a trailing four (4-quarter ) Financial Quarter basis of not less than 2.00 3.00 to 1.00. Satisfied [YES] : [NO]

Appears in 1 contract

Samples: Facility Agreement (Aries Maritime Transport LTD)

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