Interest Expense Coverage Ratio. The Company will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its Subsidiaries, in each case for any period of four consecutive fiscal quarters ending on any date set forth below, to be less than the ratio set forth below opposite such date: December 31, 2005 2.50 to 1.00 March 31, 2006 2.50 to 1.00 June 30, 2006 2.50 to 1.00 December 31, 2006 2.75 to 1.00 March 31, 2007 2.75 to 1.00 June 30, 2007 2.75 to 1.00 September 30, 2007 2.75 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 3.00 to 1.00 June 30, 2008 3.00 to 1.00 September 30, 2008 3.00 to 1.00 December 31, 2008 3.00 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 to 1.00
Appears in 4 contracts
Samples: Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.)
Interest Expense Coverage Ratio. The Company Neither Holdings nor the Parent Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its Subsidiaries, in each case for on the last day of any period of four consecutive fiscal quarters ending on during any date period set forth below, to be less than the ratio set forth below opposite such dateperiod: December 31April 1, 2005 2.50 2006, to 1.00 March 31, 2006 2.50 to 1.00 June September 30, 2006 2.50 1.50 to 1.00 December 31October 1, 2006 2.75 2006, to 1.00 March 31, 2007 2.75 1.70 to 1.00 June 30April 1, 2007 2.75 2007, to 1.00 September 30, 2007 2.75 1.85 to 1.00 December 31October 1, 2007 2.75 2007, to 1.00 March 31, 2008 3.00 to 1.00 June 30, 2008 3.00 1.90 to 1.00 September 30July 1, 2008 3.00 2008, to 1.00 December 31, 2008 3.00 2.00 to 1.00 March 31January 1, 2009 3.25 2009, to 1.00 June 30, 2009 3.25 2.10 to 1.00 September 30July 1, 2009 3.25 2009, to 1.00 December 31, 2009 3.25 2.20 to 1.00 January 1, 2010, to March 31, 2010 3.25 2.30 to 1.00 April 1, 2010 to June 30, 2010 3.25 2.15 to 1.00 September 30July 1, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.00 to 1.00 July 1, 2011 to June 30, 2012 2.25 to 1.00 July 1, 2012 to December 31, 2012 2.40 to 1.00 January 1, 2013, to September 30, 2013 2.50 to 1.00 October 1, 2013, and thereafter 2.75 to 1.00
Appears in 2 contracts
Samples: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)
Interest Expense Coverage Ratio. The Company Holdings and the Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Adjusted Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date the last day of a fiscal quarter set forth below, to be less than the ratio set forth below opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2003 1.60 to 1.00 June 30, 2003 1.60 to 1.00 September 30, 2003 1.60 to 1.00 December 31, 2003 1.60 to 1.00 March 31, 2004 1.60 to 1.00 June 30, 2004 1.65 to 1.00 September 30, 2004 1.65 to 1.00 December 31, 2004 1.70 to 1.00 March 31, 2005 1.70 to 1.00 June 30, 2005 1.70 to 1.00 September 30, 2005 1.70 to 1.00 December 31, 2005 2.50 1.75 to 1.00 March 31, 2006 2.50 1.75 to 1.00 June 30, 2006 2.50 1.75 to 1.00 September 30, 2006 1.75 to 1.00 December 31, 2006 2.75 2.00 to 1.00 March 31, 2007 2.75 2.00 to 1.00 June 30, 2007 2.75 2.00 to 1.00 September 30, 2007 2.75 2.00 to 1.00 December 31, 2007 2.75 2.25 to 1.00 March 31, 2008 3.00 2.25 to 1.00 June 30, 2008 3.00 2.25 to 1.00 September 30, 2008 3.00 2.25 to 1.00 December 31, 2008 3.00 2.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.25 to 1.00
Appears in 2 contracts
Samples: Credit Agreement (Dex Media East LLC), Credit Agreement (Dex Media Inc)
Interest Expense Coverage Ratio. The Company Holdings and the Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Adjusted Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date the last day of a fiscal quarter set forth below, to be less than the ratio set forth below opposite such date: FISCAL QUARTER ENDED RATIO March 31, 2003 1.60 to 1.00 June 30, 2003 1.60 to 1.00 September 30, 2003 1.60 to 1.00 December 31, 2003 1.60 to 1.00 March 31, 2004 1.60 to 1.00 June 30, 2004 1.65 to 1.00 September 30, 2004 1.65 to 1.00 December 31, 2004 1.70 to 1.00 March 31, 2005 1.70 to 1.00 June 30, 2005 1.70 to 1.00 September 30, 2005 1.70 to 1.00 December 31, 2005 2.50 1.75 to 1.00 March 31, 2006 2.50 1.75 to 1.00 June 30, 2006 2.50 1.75 to 1.00 September 30, 2006 1.75 to 1.00 December 31, 2006 2.75 2.00 to 1.00 March 31, 2007 2.75 2.00 to 1.00 June 30, 2007 2.75 2.00 to 1.00 September 30, 2007 2.75 2.00 to 1.00 December 31, 2007 2.75 2.25 to 1.00 March 31, 2008 3.00 2.25 to 1.00 June 30, 2008 3.00 2.25 to 1.00 September 30, 2008 3.00 2.25 to 1.00 December 31, 2008 3.00 2.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.25 to 1.00
Appears in 1 contract
Interest Expense Coverage Ratio. The Company Holdings and the Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Adjusted Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date the last day of a fiscal quarter set forth below, to be less than the ratio set forth below opposite such date: March 31, 2003 1.60 to 1.00 June 30, 2003 1.60 to 1.00 September 30, 2003 1.60 to 1.00 December 31, 2003 1.60 to 1.00 March 31, 2004 1.60 to 1.00 June 30, 2004 1.65 to 1.00 September 30, 2004 1.65 to 1.00 December 31, 2004 1.70 to 1.00 March 31, 2005 1.70 to 1.00 June 30, 2005 1.70 to 1.00 September 30, 2005 1.70 to 1.00 December 31, 2005 2.50 1.75 to 1.00 March 31, 2006 2.50 1.75 to 1.00 June 30, 2006 2.50 1.75 to 1.00 September 30, 2006 1.75 to 1.00 December 31, 2006 2.75 2.00 to 1.00 March 31, 2007 2.75 2.00 to 1.00 June 30, 2007 2.75 2.00 to 1.00 September 30, 2007 2.75 2.00 to 1.00 December 31, 2007 2.75 2.25 to 1.00 March 31, 2008 3.00 2.25 to 1.00 June 30, 2008 3.00 2.25 to 1.00 September 30, 2008 3.00 2.25 to 1.00 December 31, 2008 3.00 2.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.25 to 1.00
Appears in 1 contract
Interest Expense Coverage Ratio. The Company Borrower will not permit the ratio (the “"Interest Expense Coverage Ratio”") of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company Holdings and its Subsidiariessubsidiaries, in each case for any period of four consecutive fiscal quarters ending on any date set forth below, to be less than the ratio set forth below opposite such date: Date Ratio ------------------ ------------ March 31, 2005 1.75 to 1.00 June 30, 2005 1.75 to 1.00 September 30, 2005 1.75 to 1.00 December 31, 2005 2.00 to 1.00 -74- Date Ratio ------------------ ------------ March 31, 2006 2.00 to 1.00 June 30, 2006 2.00 to 1.00 September 30, 2006 2.00 to 1.00 December 31, 2006 2.00 to 1.00 March 31, 2007 2.25 to 1.00 June 30, 2007 2.25 to 1.00 September 30, 2007 2.25 to 1.00 December 31, 2007 2.25 to 1.00 March 31, 2008 2.50 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2006 2.50 2009 2.75 to 1.00 June 30, 2006 2.50 2009 2.75 to 1.00 September 30, 2009 2.75 to 1.00 December 31, 2006 2009 2.75 to 1.00 March 31, 2007 2.75 to 1.00 June 30, 2007 2.75 to 1.00 September 30, 2007 2.75 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2010 3.00 to 1.00 June 30, 2008 2010 3.00 to 1.00 September 30, 2008 2010 3.00 to 1.00 December 31, 2008 2010 3.00 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 3.00 to 1.00 June 30, 2011 3.25 3.00 to 1.00 September 30, 2011 3.00 to 1.00 December 31, 2011 3.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Select Specialty Hospital Topeka Inc)
Interest Expense Coverage Ratio. The Company Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date during any period set forth below, to be less than the ratio set forth below opposite such dateperiod: December 31, 2004 2.00 to 1.00 March 31, 2005 2.50 2.00 to 1.00 June 30, 2005 2.00 to 1.00 September 30, 2005 2.00 to 1.00 December 31, 2005 2.00 to 1.00 March 31, 2006 2.50 2.00 to 1.00 June 30, 2006 2.50 2.05 to 1.00 September 30, 2006 2.10 to 1.00 December 31, 2006 2.15 to 1.00 March 31, 2007 2.15 to 1.00 June 30, 2007 2.20 to 1.00 September 30, 2007 2.25 to 1.00 December 31, 2007 2.30 to 1.00 March 31, 2008 2.30 to 1.00 June 30, 2008 2.35 to 1.00 September 30, 2008 2.40 to 1.00 December 31, 2008 2.45 to 1.00 March 31, 2009 2.45 to 1.00 June 30, 2009 2.55 to 1.00 September 30, 2009 2.70 to 1.00 December 31, 2009 2.75 to 1.00 March 31, 2007 2010 2.75 to 1.00 June 30, 2007 2.75 2010 2.85 to 1.00 September 30, 2007 2.75 2010 2.95 to 1.00 December 31, 2007 2.75 2010 3.00 to 1.00 March 31, 2008 2011 3.00 to 1.00 June 30, 2008 2011 3.00 to 1.00 September 30, 2008 2011 3.00 to 1.00 December 31, 2008 3.00 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 to 1.00
Appears in 1 contract
Samples: Credit Agreement (St. Louis Pharmaceutical Services, LLC)