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 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 June 30, 2012 1.875:1.00 September 30, 2012 2.00:1.00 December 31, 2012 2.00:1.00 March 31, 2014June 2013 2.25:1.00 June 30, 2014September 2013 2.25:1.00 September 30, 2014December 2013 2.50:1.00 December 31, 2013 2.50:1.00 March 31, 2014 March 2.75:1.00 June 30, 2014 2.75:1.00 September 30, 2014 2.75:1.00 December 31, 2015June 302014, 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 3.00:1.003.00:1.00 and thereafter

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: 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