Common use of Minimum Interest Coverage Ratio Clause in Contracts

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) as of the last day of any fiscal quarter of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 to 1.00.

Appears in 4 contracts

Samples: Credit Agreement (Deluxe Corp), Credit Agreement (Deluxe Corp), Credit Agreement (Deluxe Corp)

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Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2019, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 3.25 2.50 to 1.00.

Appears in 3 contracts

Samples: Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ratio, determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2018, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 4.00 to 1.00.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Brown & Brown, Inc.), Asset Purchase Agreement

Minimum Interest Coverage Ratio. The Borrower will shall not permit the ratio (the “Interest Coverage Ratio”) as of the last day of any fiscal quarter of (i) Consolidated EBIT Adjusted EBITDA of the Borrower and its Subsidiaries for the period of four consecutive fiscal quarters of the Borrower then most recently ending to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basisfor such period, to be less than 3.25 2.00 to 1.001.00 as of the last day of such period.

Appears in 2 contracts

Samples: Credit Agreement (Saul Centers Inc), Credit Agreement (Saul Centers Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Thomas & Betts Corp), Credit Agreement (Thomas & Betts Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2013, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense paid or payable in cash (including without limitation, any Consolidated Interest Expense in respect of the Junior Convertible Debentures), in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (Microchip Technology Inc), Credit Agreement (Microchip Technology Inc)

Minimum Interest Coverage Ratio. The Neither Holdings nor the Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on or about September 30, 2013 and thereafter, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA 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 the Borrower then endingsuch fiscal quarter, all calculated for Holdings, the Borrower and its the Restricted Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 2 contracts

Samples: Credit Agreement (On Semiconductor Corp), Credit Agreement (On Semiconductor Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ratio, determined as of the last day end of any each of its fiscal quarter quarters ending on and after March 4, 2006 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then endingExpense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 2.5 to 1.001.0.

Appears in 2 contracts

Samples: Loan Agreement (Fuller H B Co), Loan Agreement (Fuller H B Co)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2009, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.5 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Endo Pharmaceuticals Holdings Inc)

Minimum Interest Coverage Ratio. The Borrower will not Not permit the ratio (the “Interest Coverage Ratio”) as of the last day of any fiscal quarter of (i) Consolidated EBIT for the any period of four consecutive fiscal quarters of the Borrower then ending on the last day of a fiscal quarter to (ii) Consolidated Interest Expense for the period consolidated interest expense of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, for such period to be less than 3.25 (a) 1.75 to 1.001.0 for the fiscal quarter ending December 31, 2002 and (b) 2.0 to 1.0 thereafter.

Appears in 1 contract

Samples: Credit Agreement (Puget Sound Energy Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit permit, as of the ratio end of any period of four (the “Interest Coverage Ratio”4) consecutive fiscal quarters ending as of the last day of any fiscal quarter of (i) the Borrower, the ratio of Consolidated EBIT for the period EBITDA of four consecutive fiscal quarters of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basisfor such period of four (4) consecutive fiscal quarters then ended to Consolidated Interest Charges for such period of four (4) consecutive fiscal quarters then ended, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Intuit Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2010, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Blackboard Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2015, of (i) (a) Consolidated EBIT for EBITDA, minus (b) the period unfinanced portion of four consecutive fiscal quarters of the Borrower then ending Consolidated Capital Expenditures to (ii) Consolidated Interest Expense paid in cash, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Rogers Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each fiscal quarter ending on and after June 30, 2018, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Tpi Composites, Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2010, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 4.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2008, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Varian Semiconductor Equipment Associates Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ratio, determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2004 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then endingExpense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 4.0 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Lexmark International Inc /Ky/)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2006, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.0 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Arbitron Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2012, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingeach such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Advisory Board Co)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2014, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Informatica Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after the Effective Date for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA minus Consolidated Capital Expenditures to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then endingExpense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Bea Systems Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after the Restatement Effective Date, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Cash Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Endo Health Solutions Inc.)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) as of the last day of any fiscal quarter of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Deluxe Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after March 31, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Taleo Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 to 1.00.four

Appears in 1 contract

Samples: Credit Agreement

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) as As of the last day of any each fiscal quarter quarter, the Borrower shall not permit the ratio of (i) Consolidated EBIT for the period of four consecutive fiscal quarters Core Group EBITDA of the Borrower for the preceding four fiscal quarters then ending ended to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, preceding four fiscal quarters then ended to be less than 3.25 1.20 to 1.00.1 as of December 31, 2004 and each fiscal quarter

Appears in 1 contract

Samples: Credit Agreement (Integrated Electrical Services Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2016, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending Adjusted EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries Consolidated Parties on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Minimum Interest Coverage Ratio. The Neither Holdings nor the Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA 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 the Borrower then endingsuch fiscal quarter, all calculated for Holdings, the Borrower and its the Restricted Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (On Semiconductor Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the end of each of its fiscal quarters ending on and after the last day of any the first fiscal quarter ending after the Effective Date, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.5 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Endo Pharmaceuticals Holdings Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after March 31, 2021, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 2.50 to 1.00.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Arcosa, Inc.)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2018, of (i) Consolidated EBIT EBITDAR to (ii) the sum of Consolidated Interest Expense plus Consolidated Rental Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (LHC Group, Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2016, of (i) (a) Consolidated EBIT for EBITDA, minus (b) the period unfinanced portion of four consecutive fiscal quarters of the Borrower then ending Consolidated Capital Expenditures to (ii) Consolidated Interest Expense paid in cash, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Rogers Corp)

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Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) as As of the last day of any each fiscal quarter quarter, the Borrower shall not permit the ratio of (i) Consolidated the consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower for the preceding four fiscal quarters then ending ended to (ii) Consolidated the consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, preceding four fiscal quarters then ended to be less than 3.25 2.50 to 1.00. Compliance with this paragraph (c) shall be determined in the applicable Compliance Certificate based upon the adjusted financial reports contained in Schedule A of such Compliance Certificate.

Appears in 1 contract

Samples: Credit Agreement (NBH Holdings Co Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense paid or payable in cash (including without limitation, any Consolidated Interest Expense in respect of the Junior Convertible Debentures), in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Microchip Technology Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Maxim Integrated Products Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2011, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Viropharma Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2018, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 2.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Arcosa, Inc.)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ratio, determined as of the last day end of any each of its fiscal quarter quarters ending on and after June 30, 2020, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 2.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Regeneron Pharmaceuticals, Inc.)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2016, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period Reference Period ending with the end of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for Holdings (or the Borrower prior to the Separation, as applicable) and its Restricted Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (CommerceHub, Inc.)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2019, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 2.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Arcosa, Inc.)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2009 for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then endingExpense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 4.0 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Lexmark International Inc /Ky/)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 30, 2010, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Informatica Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2011 for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then endingExpense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.0 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Lexmark International Inc /Ky/)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after the Effective Date, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Cash Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Endo Pharmaceuticals Holdings Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after October 31, 2015, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Cash Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Healthequity Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after the Effective Date, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense paid or payable in cash (including without limitation, any Consolidated Interest Expense in respect of the Junior Convertible Notes), in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 to 1.00.

Appears in 1 contract

Samples: 364 Day Senior Secured Bridge Credit Agreement (Microchip Technology Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after the Effective Date, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA 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 the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.0 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Arbitron Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after January 2, 2012, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Cash Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (JDS Uniphase Corp /Ca/)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after April 30, 2008, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Adc Telecommunications Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2013, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending Adjusted EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after September 28, 2012 of (i) Consolidated EBIT EBITDA to (ii) Consolidated Cash Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive such fiscal quarters of the Borrower then endingquarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Zebra Technologies Corp)

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”) ), determined as of the last day end of any each of its fiscal quarter quarters ending on and after December 31, 2012, of (i) Consolidated EBIT for the period of four consecutive fiscal quarters of the Borrower then ending EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of the Borrower then endingsuch fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.25 4.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Ugi Corp /Pa/)

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