Ratio of EBIT to Interest Expense. The Borrower shall have a ratio ---------------------------------- of (i) EBIT to (ii) total interest expense, excluding from such calculation any imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement, of not less than (a) 1.75:1 as of the last day of each of the Borrower's fiscal quarters, and (ii) 1:1 as of the last day of each month ending on any date other than the last day of any fiscal quarter of the Borrower.
Ratio of EBIT to Interest Expense. The Company shall achieve as of the end of each fiscal year during the term of this Agreement a ratio of EBIT to interest expense of not less than 2.50 to 1.00.
Ratio of EBIT to Interest Expense. As of the last day of each of the --------------------------------- Borrower's fiscal quarters, the Borrower shall have a ratio of (a) EBIT to (b) total interest expense but excluding imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement, of not less than the ratio specified for each of the following periods: Period Ratio ------ ----- April 1, 1992 - June 30, 1992 1.5:1 July 1, 1992 - March 31, 1993 2.5:1 April 1, 1993 and thereafter 3.0:1
Ratio of EBIT to Interest Expense. As of the last day of each month, --------------------------------- the Borrower shall have a ratio of (a) EBIT to (b) total interest expense (excluding imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement) of not less than 2:1. This Amendment is executed as an instrument under seal and shall be governed by the construed in accordance with the laws of The Commonwealth of Massachusetts without regard to its conflicts of law rules. All parts of the Agreement not affected by this Amendment are hereby ratified and affirmed in all respects, provided that if any provision of the -------- ---- Agreement shall conflict or be inconsistent with this Amendment, the terms of this Amendment shall supersede and prevail.
Ratio of EBIT to Interest Expense. As of May 31, 1993 for the two --------------------------------- month period then ending, and June 30, 1993 for the three month period then ending, and thereafter as of the last day of each fiscal quarter, the Borrower shall have a ratio of (a) EBIT to (b) total interest expense (excluding imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement) of not less than 1.5:1 with respect to any such period on the last day of which the balance of the Loan Account is less than $17,500,000, and 1.75:1 for all other such periods.
Ratio of EBIT to Interest Expense. Maintain a ratio of aggregate EBIT as of the date in question and the immediately preceding 364 calendar days to aggregate Interest Expense, all on a consolidated basis, of not less than 2.0 : 1.
Ratio of EBIT to Interest Expense. Permit, for any fiscal quarter of the Borrower, the ratio of EBIT for such period to Consolidated Interest Expense for such period to be less than the amount set forth in the following table for such period: Minimum Ratio of Quarter Period Ending EBIT to Interest Expense ------- ------ ------ ---- -- -------- ------- September 30, 1996 2.5:1.0 December 31, 1996 2.5:1.0 Each fiscal quarter thereafter 3.0:1.0
