Common use of Minimum Interest Coverage Ratio Clause in Contracts

Minimum Interest Coverage Ratio. The Loan Parties will not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter consolidated interest expense for the period of the most recent six four (64) consecutive fiscal quarters then endingended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarter, to be less than 1.25 4.0 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in Expense for each case, determined on period of four consecutive fiscal quarters (calculated as at the last day end of each fiscal quarter for the period of the most recent six (6) four consecutive fiscal quarters then ending, ended) to be less than 1.25 1.75 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties 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 December 31, 2014, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 1.25 2.50 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties 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 December 31, 2015, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 3.50 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Parent and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBIT EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Expense, in each case, determined on the last day of each fiscal quarter Charges for the such period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 3.00 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Parent and its Restricted Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended, to be less than 1.25 2.5 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBIT EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Total Interest Expense, in each case, determined on the last day of each fiscal quarter Expense for the such period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 to 1.00.the ratio set forth below opposite such fiscal quarter:

Minimum Interest Coverage Ratio. The Loan Parties will Borrowers shall not permit the ratio of Consolidated Adjusted EBITDA to consolidated interest expense (a) Consolidated EBIT to (b) Consolidated excluding Timber Installment Sale Interest Expense) of the Borrowers and their Subsidiaries, in each case, determined on measured as of the last day end of each fiscal quarter quarter, for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.00.”

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the its ratio of EBITDA to consolidated interest expense of the Borrower and its Subsidiaries, calculated, on a pro forma basis (a) Consolidated EBIT after giving effect to (b) Consolidated Interest Expensethe Transaction and the related financing of the Acquisition), in each case, determined on as of the last day end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended, to be less than 1.25 3.00 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters Test Period then endingended, to be less than 1.25 3.002.00 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Cash Interest ExpenseExpense of the Parent and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.00 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Parent and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended, to be less than 1.25 4.0 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDAE to (b) Consolidated Interest Expenseconsolidated interest expense payable during such period of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended (or, if such date of determination is not a fiscal quarter end, most recently ended), to be less than 1.25 3.00 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will Borrowers shall not permit the ratio (the "Interest Coverage Ratio") of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest Expenseconsolidated interest expense of the Company and its Subsidiaries, in each case, determined on measured as of the last day end of each fiscal quarter quarter, for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expenseconsolidated interest expense of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.0 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters Test Period then endingended, to be less than 1.25 3.00 to 1.00.

Minimum Interest Coverage Ratio. The Loan Parties will Borrowers shall not permit the ratio (the “Interest Coverage Ratio”) of Consolidated EBITDA to consolidated interest expense (a) Consolidated EBIT to (b) Consolidated excluding Timberland Installment Sale Interest Expense) of the Borrowers and their Subsidiaries, in each case, determined on measured as of the last day end of each fiscal quarter quarter, for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will Borrowers shall not permit the ratio (the “Interest Coverage Ratio”) of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest Expenseconsolidated interest expense of the Company and its Subsidiaries, in each case, determined on measured as of the last day end of each fiscal quarter quarter, for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties Company will not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter consolidated interest expense for the period of the most recent six four (64) consecutive fiscal quarters then endingended of the Company and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarter, to be less than 1.25 4.0 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will Borrowers shall not permit the ratio (the “Interest Coverage Ratio”) of (a) Consolidated EBIT Adjusted EBITDA to (b) Consolidated Interest Expenseconsolidated interest expense of the Company and its Subsidiaries, in each case, determined on measured as of the last day end of each fiscal quarter quarter, for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.001.0.

Minimum Interest Coverage Ratio. The Loan Parties will As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBIT EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Expense, in each case, determined on the last day of each fiscal quarter Charges for the such period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 to the ratio set forth below opposite such fiscal quarter: Four Fiscal Quarters Ending Minimum Interest Coverage Ratio December 31, 2016 through December 31, 2018 2.50 :1.00 March 31, 2019 and thereafter 3.00 :1.00.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined on consolidated interest expense of the last day Borrowers calculated as of the end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended, to be less than 1.25 2.5 to 1.00.1.0

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (ax) Consolidated EBIT EBITDA to (by) Consolidated Interest Expense, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 to 1.004.0-to-1.0.

Minimum Interest Coverage Ratio. The Loan Parties will As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBIT EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Expense, in each case, determined on the last day of each fiscal quarter Charges for the such period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 to 3.00 :1.00.

Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Cash Interest Expense, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.00.