Minimum Total Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding calendar quarter, the ratio of (i) Total Adjusted EBITDA to (ii) Total Interest Expense shall not be less than 2.0 to 1.0.
Minimum Total Interest Coverage Ratio a. EBITDA (see 1(b)(K) above) $_____________
Minimum Total Interest Coverage Ratio. Permit the Total Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower and its Subsidiaries to be less than 2.60:1; PROVIDED that Interest Expense, as used in the Total Interest Coverage Ratio, shall exclude all PIK Interest.
Minimum Total Interest Coverage Ratio. Upon the earlier of (i) six (6) months from the Closing Date and (ii) the first month end following the Closing Date on which such test is passed, Borrower shall not permit its Total Interest Coverage Ratio to be less than 1.50 to 1.00 for a period of more than three (3) consecutive Business Days.
Minimum Total Interest Coverage Ratio. (A) Total Interest Coverage Ratio of the Company and its Subsidiaries on a consolidated basis, as determined as of the last day of each fiscal quarter set forth below for the twelve month period ending on such day shall not be less than the minimum ratio set forth opposite such fiscal quarter: Fiscal Quarter Minimum Ratio -------------- ------------- Effective Date through the third fiscal quarter of Fiscal Year 1994 1.55:1
Minimum Total Interest Coverage Ratio. Maintain a Total Interest Coverage Ratio of not less than the following: Closing Date through 9/29/95 1:50:1 9/30/95 through 3/30/96 1.50:1 3/31/96 through 6/29/96 1.70:1 6/30/96 through 9/29/96 1.90:1 9/30/96 through 12/30/96 2.20:1 12/31/96 and thereafter 3.00:1
Minimum Total Interest Coverage Ratio. Permit the Total Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower and its Subsidiaries to be less than the following levels for the periods indicated: PERIOD RATIO ------ ----- Initial Closing Date to and including December 30, 1996 2.00:1 December 31, 1996 to and including December 30, 1997 2.20:1 December 31, 1997 to and including December 30, 1998 2.40:1 December 31, 1998 and thereafter 2.60:1 ; provided that, prior to the first anniversary of the Initial Closing Date, (i) EBITDA, as used in Total Interest Coverage Ratio will be Pro Forma EBITDA and (ii) Interest Expense, as used in Total Interest Coverage Ratio, will be Annualized Interest Expense.
