Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30, 2014, to be less than 3.00 to 1.00.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Borrower will not permit the ratio, as of the last day of any fiscal quarter of the Borrower, of Consolidated EBITDA to Consolidated Interest Expense to be less than 2.25 to 1;
Ratio of Consolidated EBITDA to Consolidated Interest Expense. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter for the four-quarter period ending on such date a ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense of not less than the following levels: Fiscal Quarter Ratio Fiscal Quarter Ratio 1999 Quarter 2 1.20-to-1.00 2001 Quarter 1 1.75-to-1.00 1999 Quarter 3 1.20-to-1.00 2001 Quarter 2 1.75-to-1.00 1999 Quarter 4 1.20-to-1.00 2001 Quarter 3 2.00-to-1.00 2000 Quarter 1 1.20-to-1.00 2001 Quarter 4 2.00-to-1.00 2000 Quarter 2 1.50-to-1.00 2002 Quarter 1 2.00-to-1.00 2000 Quarter 3 1.50-to-1.00 2002 Quarter 2 2.00-to-1.00 2000 Quarter 4 1.75-to-1.00 2002 Quarter 3 2.25-to-1.00 and Thereafter
Ratio of Consolidated EBITDA to Consolidated Interest Expense. Permit the ratio of (i) Consolidated EBITDA of Holdings to (ii) Consolidated Interest Expense of Holdings, in each case for any period of four consecutive fiscal quarters, to be less than 2.50 to 1.00.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. This includes the debt repayment funded by US$98.0 million from the Proposed Divestment, US$137.0 million from the Sponsor-Lender Loan and US$50.0 million from Manulife US REIT’s own cash holdings, as part of the Key Recapitalisation Terms to pay down US$285.0 million in debt. For the avoidance of doubt, this excludes debt repayment funded by proceeds from future asset dispositions in 2024. What are the Sponsor-Lender Loan terms & is it on arms-length basis? IFA’s opinion: Terms are not prejudicial to MUST and minority Unitholders Loan amount & term US$137.0 million, 6 years Interest rate & Exit Premium
Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Borrower shall have and maintain a ratio of Consolidated EBITDA to Consolidated Interest Expense of not less than the following during the following periods (measured on a rolling four quarter basis): Period Minimum Ratio From the Closing Date through September 30, 1996 3.00 to 1 October 1, 1996 through September 30, 1997 3.50 to 1 October 1, 1997 and at all times thereafter 4.00 to 1
Ratio of Consolidated EBITDA to Consolidated Interest Expense. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter for the four-quarter period ending on such date a ratio of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense of not less than the following levels as of the end of any fiscal quarter during the year indicated: Fiscal Year Ending July Ratio ----------- -----
1998 1. 75-to-1.00 1999 2.25-to-1.00 2000 and Thereafter 2.50-to-1.00
Ratio of Consolidated EBITDA to Consolidated Interest Expense. Until the first date on which the Borrower obtains an Investment Grade Rating on its Index Debt from any of Mxxxx’x or S&P (provided that the other rating is not less than Ba1 or BB+, as applicable), the Borrower shall not permit its ratio of Consolidated EBITDA to Consolidated Interest Expense in each case for the four full fiscal quarters most recently ended for which financial statements have been delivered pursuant to Section 5.01 to be less than 2.75 to 1.00 as of the last day of any fiscal quarter commencing March 31, 2008.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not at any time permit the ratio of Consolidated EBITDA for the period of four full fiscal quarters then most recently ended in respect of which financial statements shall have been delivered pursuant to Section 5.01(a) or (b), as the case may be, to Consolidated Interest Expense for such four full fiscal quarters to be less than(a) 3.0 to 1.0 for such periods of four full fiscal quarters ending at March 31, 2001 and June 30, 2001 and (b) 3.50 to 1.0 for any such period of four full fiscal quarters ending thereafter.".
Ratio of Consolidated EBITDA to Consolidated Interest Expense. If the Covenant Modification Period shall have been terminated prior to its scheduled termination date pursuant to the proviso set forth in the definition of such term, then the Borrower will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense, in each case, measured for the period of four consecutive fiscal quarters of the Borrower (commencing with such period ending with the first fiscal quarter of the Borrower ending after the date of such termination of the Covenant Modification Period) to be less than 4.00 to 1.00.
