Common use of Minimum Coverage Ratio Clause in Contracts

Minimum Coverage Ratio. The Borrower will not permit the ratio (the “Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 30, 2007, of (i) Consolidated EBITDA minus Capital Expenditures to (ii) Consolidated Interest Expense paid or payable in cash, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Priceline Com Inc)

AutoNDA by SimpleDocs

Minimum Coverage Ratio. The Borrower will not permit the ratio (the “Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 30February 28, 20072008, of (i) Consolidated EBITDA minus Capital Expenditures EBITDAR to (ii) Consolidated Interest Expense paid or payable in cashplus Consolidated Rent Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.5 1.75 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Apollo Group Inc)

Minimum Coverage Ratio. The Borrower will not permit the ratio (the “Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 3027, 20072015, of (i) Consolidated EBITDA minus Capital Expenditures EBIT plus Consolidated Rental Expense to (ii) Consolidated Interest Expense paid or payable in cashplus Consolidated Rental Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.5 1.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Whole Foods Market Inc)

AutoNDA by SimpleDocs

Minimum Coverage Ratio. The Borrower will not permit the ratio (the “Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 30February 29, 20072012, of (i) Consolidated EBITDA minus Capital Expenditures EBITDAR to (ii) Consolidated Interest Expense paid or payable in cashplus Consolidated Rent Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 3.5 1.75 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Apollo Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!