Common use of Interest Expense Coverage Ratio Clause in Contracts

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (ai) Consolidated EBITDA to (bii) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.75 to 1.01.00.

Interest Expense Coverage Ratio. The Holdings and the Borrower will shall not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters of Holdings ending after on or following the Effective Initial Funding Date, to be less than 4.0 5.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending on or after the last day of the first fiscal quarter beginning after the Effective Date, to be less than 4.0 to 1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA of the Borrower to (b) its Consolidated Interest Expense, in each case for Expense as of the end of any period fiscal quarter of the Borrower (calculated quarterly based upon the four consecutive fiscal quarters ending after the Effective Date, most recently completed quarters) to be less than 4.0 3.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (ai) Consolidated EBITDA to (bii) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.75 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated EBITDA EBITDAX to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 2.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (a) Consolidated EBITDA less the amount of Capital Expenditures to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 2.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Net Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datedate hereof, to be less than 4.0 4.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters Fiscal Quarters (subject to Section 6.16) ending after the Effective Dateon any date during any period set forth below, to be less than 4.0 to 1.0.the ratio set forth below opposite such period: 10/01/03 – 9/30/05 1.75:1 10/01/05 – 9/30/07 2.00:1 Thereafter 2.25:1

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case as of the last date of any fiscal quarter, beginning with the period ending September 30, 2006, for any the period of four consecutive fiscal quarters of the Borrower ending after the Effective Dateon such date, to be less than 4.0 2.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (ai) Consolidated EBITDA to (bii) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after of the Effective DateCompany, to be less than 4.0 3.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Net Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on the last day of any quarter ending on or after the Effective DateMarch 30, 2001, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.25 to 1.0.:

Interest Expense Coverage Ratio. The As of the last day of any fiscal quarter, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of the previous four consecutive fiscal quarters ending after the Effective Date, then ended to be less than 4.0 3.25 to 1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated EBITDA EBITDAX to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after prior to the Effective Date, Maturity Date to be less than 4.0 to 1.01.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, on or about any date set forth below to be less than 4.0 to 1.0.the ratio set forth below opposite such period:

Interest Expense Coverage Ratio. The Borrower will shall not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.03.50:1.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not ------------------------------- permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Net Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on the last day of any quarter ending on or after the Effective DateMarch 30, 2002, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Net Interest Expense, in each case for any period of four consecutive fiscal quarters ending after prior to the Effective Maturity Date, to be less than 4.0 3.0 to 1.01.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio ratio, determined as of the last day of any Fiscal Quarter, of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective DateFiscal Quarters, to be less than 4.0 2.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in Expense as of the last day of each case for any period of four consecutive fiscal quarters ending after the Effective Date, Applicable Test Period to be less than 4.0 3.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Parent and the Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for as of the end of any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.5 to 1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest ExpenseExpense (the “Interest Expense Coverage Ratio”), in each case for any period of four consecutive fiscal quarters of the Borrower ending after the Effective Dateon or about any date set forth below, to be less than 4.0 to 1.0.the ratio set forth below opposite such period:

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA EBIT to (b) Consolidated Interest Expense, in each case for any period of four (4) consecutive fiscal quarters Fiscal Quarters ending after as at the Effective Datelast day of any period set forth below, to be less than 4.0 to 1.03.50:1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest ExpenseExpense (the “Interest Expense Coverage Ratio”), in each case for any period of four consecutive fiscal quarters of the Borrower ending after the Effective Dateon or about any date set forth below, to be less than 4.0 4.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not -------------------------------- permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on or after the Effective DateMarch 31, 2003, to be less than 4.0 2.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters of the Borrower ending after on the Effective Datelast day of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending January 31, 2023, to be less than 4.0 3.25 to 1.01.00.

Interest Expense Coverage Ratio. The Without the written consent of the Required Revolving Lenders, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters of the Borrower ending after on the Effective Datelast day of each fiscal quarter of the Borrower, to be less than 4.0 2.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (ai) Consolidated EBITDA to (bii) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.753.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Loan Parties will not permit the ratio of (ai) Consolidated EBITDA to (bii) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters Fiscal Quarters ending after the Effective Dateduring any Fiscal Year set forth below, to be less than 4.0 to 1.0.the ratio set forth below opposite such period:

Interest Expense Coverage Ratio. The Holdings and the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 3.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower (a) Prior to the Acquisition Date, the Company will not permit the ratio of (ai) Consolidated EBITDA to (bii) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.03.0.

Interest Expense Coverage Ratio. The As of the last day of any fiscal quarter, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of the previous four consecutive fiscal quarters ending after the Effective Date, then ended to be less than 4.0 to 1.03.0:1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 2.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datedate hereof, to be less than 4.0 5.00 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.5 to 1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio as of the last day of any fiscal quarter of (a) Consolidated EBITDA minus Capital Expenditures to (b) Consolidated Cash Interest Expense, in each case Expense for any the period of four consecutive fiscal quarters then ending after the Effective Date, to be less than 4.0 2.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (ai) Consolidated EBITDA to (bi) Consolidated Cash Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 3.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Datequarters, to be less than 4.0 (i) 3.50 to 1.01.00, for the periods of four consecutive fiscal quarters ending March 31, 2000, June 30, 2000 and September 30, 2000, respectively, and (ii) 4.50 to 1.00, for all subsequent periods.

Interest Expense Coverage Ratio. The Borrower Borrowers will not permit the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, Closing Date to be less than 4.0 3.50 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest ExpenseExpense (determined on a Pro Forma Basis in accordance with Section 1.05), in each case for any period of four consecutive fiscal quarters of the Borrower ending after the Effective Date, on or about any date during any such period to be less than 4.0 2.0 to 1.0.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after on any date set forth below to exceed the Effective Dateratio set forth opposite such date: Fiscal Quarter Ending Minimum Ratio --------------------- ------------- September 30, 2002 2.25 to be less than 4.0 to 1.0.1.00

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 2.25 to 1.01.00 or, at any time after the Borrower shall have received gross cash proceeds of at least $500,000,000 from issuances and sales after the First Amendment Date of Senior Subordinated-Lien Indebtedness, 2.00 to 1.00.

Interest Expense Coverage Ratio. The Borrower will shall not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.03.00:1.00.”

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters of the Borrower ending after on the Effective Datelast day of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending October 31, 2018, to be less than 4.0 3.25 to 1.01.00.

Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case Expense for any period of four consecutive fiscal quarters ending after the Effective Date, Date to be less than 4.0 3.25 to 1.0.