Common use of Maintenance of Interest Coverage Ratio Clause in Contracts

Maintenance of Interest Coverage Ratio. Maintain during the Commitment Period an Interest Coverage Ratio of not less than 2.00 to 1.00 (as determined on the last day of each fiscal quarter for the four-quarter period ending on the last day of such fiscal quarter).

Appears in 5 contracts

Samples: Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc), Credit Agreement (M I Homes Inc)

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Maintenance of Interest Coverage Ratio. Maintain during the Commitment Period an Interest Coverage Ratio of not less than 2.00 2.50 to 1.00 (as determined on the last day of each fiscal quarter for the four-four fiscal quarter period ending on the last day of such fiscal quarter).

Appears in 2 contracts

Samples: Credit Agreement (Ashton Houston Residential L.L.C.), Credit Agreement (Black Amber Florida, Inc.)

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