Maintenance of Consolidated Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters of the Borrower ending during any test period set forth below, the Consolidated Interest Coverage Ratio at the last day of such consecutive fiscal quarter period to be less than the ratio set forth opposite such test period below: Test Period Ratio December 31, 2010 – March 30, 2011 1.40 to 1.00 March 31, 2011 and thereafter 2.00 to 1.00
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Maintenance of Consolidated Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters of the Parent Borrower ending during any test period set forth below, the Consolidated Interest Coverage Ratio at the last day of such consecutive fiscal quarter period to be less than the ratio set forth opposite such test period below: Test Period Ratio January 1, 2004 – December 30, 2004 3.25 to 1.00 December 31, 2010 2004 – March December 30, 2011 1.40 2005 3.50 to 1.00 March December 31, 2011 2005 – December 30, 2006 3.75 to 1.00 December 31, 2006 and thereafter 2.00 4.00 to 1.00
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Samples: Credit Agreement (Sirva Inc)
Maintenance of Consolidated Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters of the Borrower ending during any test period set forth belowBorrower, the Consolidated Interest Coverage Ratio at the last day of such consecutive fiscal quarter period of the Borrower to be less than the correlative ratio set forth opposite such test period below: Test Period Fiscal Quarter Ratio June 30, 2013 2.25:1.00 September 30, 2013 2.25:1.00 December 31, 2010 – March 30, 2011 1.40 to 1.00 2013 2.25:1.00 March 31, 2011 2014 2.25:1.00 June 30, 2014 and thereafter 2.00 to 1.002.50:1.00
Appears in 1 contract
Samples: Credit Agreement (Sirva Inc)
Maintenance of Consolidated Interest Coverage Ratio. Permit, for any period of four consecutive fiscal quarters of the Parent Borrower ending during any test period set forth below, the Consolidated Interest Coverage Ratio at the last day of such consecutive fiscal quarter period to be less than the ratio set forth opposite such test period below: Test Period Ratio December 31September 30, 2010 – 2006 — June 29, 2008 1.50 to 1.00 June 30, 2008 — March 30, 2011 1.40 2009 3.75 to 1.00 March 31, 2011 2009 and thereafter 2.00 4.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Sirva Inc)