Minimum Consolidated Interest Charges Coverage Ratio. Permit the Consolidated Interest Charges Coverage Ratio as of the end of the period of determination indicated below and for such period then ending of Holdings and its Subsidiaries to be less than the ratio set forth below opposite such period: Period of Determination Minimum Consolidated Interest Charges Coverage Ratio Two fiscal quarters ending June 30, 2009 1.10:1.00 Three fiscal quarters ending September 30, 2009 1.35:1.00 Four fiscal quarters ending December 31, 2009 1.75:1.00
Appears in 2 contracts
Samples: Credit Agreement (TBS International LTD), Credit Agreement (TBS International LTD)
Minimum Consolidated Interest Charges Coverage Ratio. Permit the Consolidated Interest Charges Coverage Ratio as of the end of the period of determination indicated below and for such period then ending of Holdings and its Subsidiaries to be less than the ratio set forth below opposite such period: Period of Determination Minimum Consolidated Interest Charges Coverage Ratio Two fiscal quarters ending June 30, 2009 1.10:1.00 Three fiscal quarters ending September 30, 2009 1.35:1.00 Four fiscal quarters ending December 31, 2009 1.75:1.00
Appears in 1 contract
Minimum Consolidated Interest Charges Coverage Ratio. Permit the Consolidated Interest Charges Coverage Ratio as of the end of any fiscal quarter set forth below for the period of determination indicated below and for such four fiscal quarter period then ending of Holdings and its Subsidiaries to be less than the ratio set forth below opposite such period: Period time period (for the avoidance of Determination Minimum doubt, the Consolidated Interest Charges Coverage Ratio Two ratio will not be measured for any fiscal quarters quarter ending June 30, 2009 1.10:1.00 Three fiscal quarters ending after 30 September 30, 2009 1.35:1.00 Four fiscal quarters ending December 31, 2009 1.75:1.002010:
Appears in 1 contract
