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 February 29, 2012, of (i) Consolidated EBITDAR to (ii) Consolidated Interest Expense plus 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 1.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Apollo Group Inc)

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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 February 29September 27, 20122015, of (i) Consolidated EBITDAR EBIT plus Consolidated Rental Expense to (ii) Consolidated Interest Expense plus Consolidated Rent 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 Restricted Subsidiaries on a consolidated basis, to be less than 1.75 1.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Whole Foods Market 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 February 29September 30, 20122007, of (i) Consolidated EBITDAR EBITDA minus Capital Expenditures to (ii) Consolidated Interest Expense plus Consolidated Rent Expensepaid 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 Restricted Subsidiaries on a consolidated basis, to be less than 1.75 3.5 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Priceline Com Inc)

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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 February 2928, 20122008, of (i) Consolidated EBITDAR to (ii) Consolidated Interest Expense plus 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 1.75 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Apollo Group Inc)

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