Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, would be at least 2.25 to 1.00 (the “Coverage Ratio Exception”).
Appears in 1 contract
Samples: Indenture (Phi Inc)
Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, would be at least 2.25 2.00 to 1.00 (the “Coverage Ratio Exception”).
Appears in 1 contract
Samples: Indenture (Phi Inc)
Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, Ratio would be at least 2.25 to 1.00 (the “"Coverage Ratio Exception”").;
Appears in 1 contract
Samples: Helicopter Management LLC
Limitations on Additional Indebtedness. (a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company or any Guarantor may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, Ratio would be at least 2.25 to 1.00 (the “Coverage Ratio Exception”).
Appears in 1 contract
Samples: Indenture (Phi Inc)
Limitations on Additional Indebtedness. (a) The Company will shall not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness; provided that the Company -------- Company, any Guarantor or any Guarantor Accounts Receivable Entity may incur additional Indebtedness if, after giving effect thereto, the Consolidated Interest Coverage Ratio, determined on a pro forma basis giving effect to such incurrence and the application of the proceeds thereof, Ratio would be at least 2.25 to 1.00 (the “"Coverage Ratio Exception”").. ------------------------
Appears in 1 contract
Samples: Indenture (Us Oncology Inc)