Common use of Minimum Consolidated Interest Coverage Ratio Clause in Contracts

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 30, 2014September 30, 2014December 31, 2014 March 31, 2015June 30, 2015September 30, 2015December 31, 2015March 31, 2016,and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.50:1.00 March 31, 2014June 2009 2.50:1.00 June 30, 2014September 2009 2.75:1.00 September 30, 2014December 2009 2.75:1.00 December 31, 2014 2009 2.75:1.00 March 31, 2015June 30, 2015September 30, 2015December 31, 2015March 31, 2016,and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 2010 2.75:1.00 Thereafter 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 2016 2.00:1.00 June 30, 2014September 2016 2.00:1.00 September 30, 2014December 2016 2.25:1.00 December 31, 2014 2016 2.25:1.00 March 31, 2015June 2017 2.50:1.00 June 30, 2015September 2017 2.50:1.00 September 30, 2015December 2017 2.75:1.00 December 31, 2015March 31, 2016,and 2017 and each fiscal quarter thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 2016 2.00:1.00 June 30, 2014September 2016 2.00:1.00 September 30, 2014December 2016 2.25:1.00 December 31, 2014 2016 2.25:1.00 March 31, 2015June 2017 2.50:1.00 June 30, 2015September 2017 2.50:1.00 September 30, 2015December 312017 2.75:1.00 December 30, 2015March 31, 2016,and 2017 and each fiscal quarter thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2018 2.50:1.00 March 31, 2014June 2019 June 30, 2014September 2019 September 30, 2014December 2019 December 31, 2014 2019 2.50:1.00 2.50:1.00 2.50:1.00 2.75:1.00 March 31, 2015June 2020 June 30, 2015September 2020 September 30, 2015December 2020 December 31, 2015March 31, 2016,and 2020 and each fiscal quarter thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 2.75:1.00 2.75:1.00 2.75:1.00 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2018 2.50:1.00 March 31, 2014June 2019June 30, 2014September 2019September 30, 2014December 2019December 31, 2014 2019 2.50:1.002.50:1.002.50:1.002.75:1.00 March 31, 2015June 2020 2.75:1.00 June 30, 2015September 2021September 30, 2015December 2021December 31, 2015March 2021 2.00:1.002.50:1.002.75:1.00 March 31, 2016,and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.002022June 30, 2022 and each fiscal quarterthereafter 2.75:1.003.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: 116 Fiscal Quarter Ending Ratio March 31, 2014June 2016 June 30, 2014September 2016 September 30, 2014December 2016 December 31, 2014 2016 2.00:1.002.00:1.002.25:1.002.25:1.00 March 31, 2015June 2017 June 30, 2015September 2017 September 30, 2015December 312017 December 30, 2015March 31, 2016,and 2017 and each fiscal quarter thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.002.50:1.002.50:1.002.75:1.003.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio December 31, 2013 2.25:1.00 March 31, 2014June 2014 2.25:1.00 June 30, 2014September 2014 2.50:1.00 September 30, 2014December 2014 2.50:1.00 December 31, 2014 2.50:1.00 March 31, 2015June 2015 2.75:1.00 June 30, 2015September 2015 2.75:1.00 September 30, 2015December 2015 2.75:1.00 December 31, 2015March 2015 2.75:1.00 March 31, 2016,and 2016 and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.00

Minimum Consolidated Interest Coverage Ratio. Manitowoc shall The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.50:1.00 March 31, 2014June 2009 2.50:1.00 June 30, 2014September 2009 2.75:1.00 September 30, 2014December 2009 2.75:1.00 December 31, 2014 2009 2.75:1.00 March 31, 2015June 30, 2015September 30, 2015December 31, 2015March 31, 2016,and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 2010 2.75:1.00 Thereafter 3.00:1.00