Minimum Consolidated Debt Service Coverage Ratio. Permit the Consolidated Debt Service Coverage Ratio to be less than 2.50 to 1.0 for any Measurement Period.
Minimum Consolidated Debt Service Coverage Ratio. Permit the Consolidated Debt Service Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 1.50 to 1.00; provided, however, if for any Measurement Period the Consolidated Debt Service Coverage Ratio would be less than 1.50 to 1.00, then Borrower may exclude Restricted Payments from such calculation of the Consolidated Debt Service Coverage Ratio for such Measurement Period only if the ratio of Net Debt to Consolidated EBITDA is less than or equal to 1.00 to 1.00.
Minimum Consolidated Debt Service Coverage Ratio. The Loan Parties shall not permit the Consolidated Debt Service Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 2.0 to 1.0.
Minimum Consolidated Debt Service Coverage Ratio. Maintain, on a consolidated basis, a Debt Service Coverage Ratio of at least the ratio indicated for each period specified below: Test Dates Ratio August 31, 2009; November 30, 2009; February 28, 2010; and May 31, 2010 1.10 -to- 1.0 August 31, 2010; November 30, 2010; February 28, 2011; and May 31, 2011 1.15 -to- 1.0 This ratio will be calculated at the end of each reporting period for which this Agreement requires Borrower to deliver financial statements, using the results of the twelve-month period ending with that reporting period. The current portion of long-term liabilities will be measured as of the last day of the calculation period.
Minimum Consolidated Debt Service Coverage Ratio. Borrower shall not permit the Consolidated Debt Service Coverage Ratio for any four consecutive fiscal quarter period ending as of the last day of any fiscal quarter set forth below to be less than the correlative ratio indicated: ------------------------------------------------------------ Period Minimum Consolidated Debt Service Coverage Ratio ------------------------------------------------------------ May 31, 2001 1.25:1.00 ------------------------------------------------------------ August 31, 2001 1.10:1.00 ------------------------------------------------------------ November 30, 2001 1.10:1.00 ------------------------------------------------------------ February 28, 2002 1.35:1.00 ------------------------------------------------------------ May 31, 2002 and thereafter 1.75:1.00 ------------------------------------------------------------
Minimum Consolidated Debt Service Coverage Ratio. (for Virbac and its Consolidated Subsidiaries for the four fiscal quarters ending ______, ___)
1. Consolidated EBITDA (from A.10 above) $
2. Scheduled Principal Payments on Senior borrowed money Indebtedness $
3. Principal Payments on Subordinated Indebtedness $
4. Consolidated Interest Expense $
Minimum Consolidated Debt Service Coverage Ratio. Borrower will have and maintain a Consolidated Debt Service Coverage Ratio of at least (A) 1.75 to 1.0 for the four (4) consecutive fiscal quarter period of Borrower ended on December 31, 1997, (B) 1.75 to 1.0 for the four (4) consecutive fiscal quarter period of Borrower ending on March 31, 1998, (C) 1.75 to 1.0 for the four (4) consecutive fiscal quarter period of Borrower ending on June 30, 1998, (D) 1.0 to 1.0 for the four (4) consecutive fiscal quarter period of Borrower ending on September 30, 1998, (E) 1.0 to 1.0 for the four (4) consecutive fiscal quarter period of Borrower ending on December 31, 1998, and (F) 1.2 to 1.0 for each four (4) consecutive fiscal quarter period of Borrower ending on or after March 31, 1999.
Minimum Consolidated Debt Service Coverage Ratio. Borrower will have and maintain a Consolidated Debt Service Coverage Ratio of at least 2.0 to 1.0 for each period of four (4) consecutive fiscal quarters of Borrower commencing with the four (4) consecutive fiscal quarter period ending October 31, 1996.
Minimum Consolidated Debt Service Coverage Ratio. Maintain a ratio of Consolidated EBITDA for the four quarter period ending at each quarter-end and fiscal year end during the Term hereof, to Consolidated Debt Service determined as of such fiscal quarter-end and fiscal year-end, of at least 1.15 to 1.0;
Minimum Consolidated Debt Service Coverage Ratio. The Credit Parties shall not permit the Consolidated Debt Service Coverage Ratio as of any date set forth below to be less than the minimum ratio set forth in the table below opposite such date:
