Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00.
Appears in 5 contracts
Samples: Credit Agreement (Local Bounti Corporation/De), Credit Agreement (Local Bounti Corporation/De), Credit Agreement (Local Bounti Corporation/De)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as As of the last day end of each calendar fiscal quarter, commencing with the end of the first fiscal quarter thereafterending after the Closing Date, the Borrowers Loan Parties will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 3.00 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Wausau Paper Corp.), Credit Agreement (Wausau Paper Corp.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as As of the last day of each calendar any fiscal quarter, commencing with the fiscal quarter thereafterending on September 30, 2022, the Borrowers will Borrower shall not permit the Consolidated Interest Coverage Ratio for the Test Period ending on such date to be less than 2.50 to 1.002.50:1.00.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30with the fiscal quarter ending January 31, 2025, and permit the Consolidated Interest Coverage Ratio as of the last day of each calendar any four fiscal quarter thereafter, period of the Borrowers will not permit the Consolidated Interest Coverage Ratio Borrower to be less than 2.50 3.00 to 1.00.
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. Commencing September 30March 31, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Leo Holdings III Corp.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as As of the last day of each calendar any fiscal quarter, commencing with the fiscal quarter thereafterending on June 30, 2022, the Borrowers will Borrower shall not permit the Consolidated Interest Coverage Ratio for the Test Period ending on such date to be less than 2.50 to 1.002.50:1.00.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers The Borrower will not permit the Consolidated Interest Coverage Ratio Ratio, determined as of the last day of any fiscal quarter of the Borrower ended after the Effective Date to be less than 2.50 3.00 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Harmony Biosciences Holdings, Inc.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, So long as there are any outstanding Commitments and as of the last day of each calendar quarter thereaftersubject to Section 1.07, the Borrowers will Borrower shall not permit the Consolidated Interest Coverage Ratio as of the last day of any Test Period ending on and after the Initial Calculation Date, to be less than 2.50 to 1.002.00:1.00.
Appears in 1 contract
