Maintenance Test. The Issuer shall ensure that the Maintenance Test is met on each Quarter Date following the Closing Date. Guarantors The Issuer shall procure that:
Maintenance Test. The Issuer shall ensure that in respect of each Relevant Period ending on a Reference Date:
(a) from and including 30 June 2017 until and excluding 30 June 2018, the Net Interest Bearing Debt to EBITDA is not greater than 5.5:1;
(b) from and including 30 June 2018 until the Final Maturity Date, the Net Interest Bearing Debt to EBITDA is not greater than 4.5:1;
(c) from and including 30 June 2017 until and excluding 30 June 2018, the Interest Cover Ratio shall be greater than 1.5:1; and
(d) from and including 30 June 2018 until the Final Maturity Date, the Interest Cover Ratio shall be greater than 2.0:1. calculated in accordance with the calculation principles set out in Clause 13.4 (Calculation Adjustments), on a consolidated basis and based on the most recently delivered Financial Report.
Maintenance Test. The Borrower shall maintain, as of the last day of each Fiscal Quarter, a ratio of Consolidated Funded Obligations to Maintenance Test Total Consolidated Capitalization of no more than 75%. For the purposes of this Section 9.3(b), the principal of all Consolidated Funded Obligations or Subordinated Debt which is payable or will be payable in a foreign currency shall be converted to Canadian Dollars at the noon rate of exchange for Canadian interbank transactions on the date which Maintenance Test Total Consolidated Capitalization is determined.”
Maintenance Test. The Issuer has failed to comply with any of the Maintenance Test and such failure has not been cured in accordance with provisions for an Equity Cure.
Maintenance Test. The Maintenance Test shall be tested on each Quarter Date for as long as any Bond is outstanding. The first test date for the Maintenance Test shall be 31 March 2024. The Maintenance Test is met if Cash exceeds SEK 1,000,000. The Maintenance Test shall be calculated on basis of the interim consolidated Financial Report for the period ending on the relevant Quarter Date and on the basis of the Compliance Certificate delivered in connection therewith. The Incurrence Test shall be tested in connection with the incurrence of a Capex Facility. The Incurrence Test is met if:
Maintenance Test. The Issuer shall ensure that in respect of each Relevant Period ending on a Reference Date, from and including the Amendment and Restatement Date until the Final Maturity Date, the Interest Cover Ratio shall be greater than 1.
2:1 calculated in accordance with the calculation principles set out in Clause 13.4 (Calculation Adjustments), on a consolidated basis and based on the most recently delivered Financial Report.
Maintenance Test. The Borrower will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense as calculated as of the end of each fiscal quarter for the period of four fiscal quarters then ended to be less than the Required Ratio. The term “Required Ratio” means as of any four fiscal quarter period ended (i) on or prior to April 26, 2009, 1.75 to 1.00 and (ii) for any period ended thereafter, 2.75 to 1.00; provided that if after the date hereof there is a change in the minimum Consolidated EBITDA to Consolidated Interest Expense ratio set forth in the Domestic Revolving Credit Facility as it applies to a four fiscal quarter period and Rabobank is a party to the Domestic Revolving Credit Facility, then the Required Ratio for purposes of this Agreement and such four fiscal quarter period shall be the ratio as set forth in the Domestic Revolving Credit Facility minus 0.25.
Maintenance Test. The Company will not at any time permit ---------------- Total Indebtedness to exceed 60% of Total Capital.
Maintenance Test. The Issuer shall at all times ensure that:
Maintenance Test. The Issuer fails to comply with a Maintenance Test.
