Common use of Minimum Coverage Ratio Clause in Contracts

Minimum Coverage Ratio. The Company shall maintain as of the end of each fiscal quarter set forth below a ratio of (i) EBITDAR for the four fiscal quarter period then ending to (ii) Interest Expense plus Rentals for such period of not less than the ratio set forth below opposite such period: FISCAL QUARTER ENDING RATIO --------------------- ----- December 31, 1999 through June 30, 2000 2.75 July 1, 2000 through June 29, 2001 2.75 June 30, 2001 through June 28, 2002 3.00 June 29, 2002 through June 27, 2003 3.25 June 28, 2003 through July 2, 2004 3.50 July 3, 2004 and thereafter 3.75

Appears in 2 contracts

Samples: Credit Agreement (Lanier Worldwide Inc), Credit Agreement (Lanier Worldwide Inc)

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Minimum Coverage Ratio. The Company shall maintain as of the end of each fiscal quarter set forth below a ratio of (i) EBITDAR for the four fiscal quarter period then ending to (ii) Interest Expense plus Rentals for such period of not less than the ratio set forth below opposite such period: FISCAL QUARTER ENDING RATIO --------------------- ----- December 31, 1999 through June 30, 2000 2.75 2.25 July 1, 2000 through June 29, 2001 2.75 1.85 June 30, 2001 through June 28, 2002 3.00 2.15 June 29, 2002 through June 27, 2003 3.25 2.25 June 28, 2003 through July 2, 2004 3.50 2.50 July 3, 2004 and thereafter 3.753.00

Appears in 2 contracts

Samples: 5 Year Credit Agreement (Lanier Worldwide Inc), 364 Day Credit Agreement (Lanier Worldwide Inc)

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