Common use of Ratio of EBITDA to Fixed Charges Clause in Contracts

Ratio of EBITDA to Fixed Charges. The Borrowers shall and shall procure that the Guarantor (on a consolidated basis) shall ensure that the ratio of EBITDA to Fixed Charges shall be 1.25:1.00 or greater on a twelve (12) months rolling basis on assumptions approved by the Agent. 20.2.4

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

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Ratio of EBITDA to Fixed Charges. The Borrowers shall and Borrower shall procure that the Guarantor (on a consolidated basis) shall ensure that the ratio of EBITDA to Fixed Charges shall be 1.25:1.00 or greater minimum one hundred and twenty-five per cent (125.00%) on a twelve (12) months rolling basis on assumptions approved by the Agent. 20.2.4Lender.

Appears in 1 contract

Samples: B Plus H Ocean Carriers LTD

Ratio of EBITDA to Fixed Charges. The Borrowers shall and shall procure that the Guarantor (on a consolidated basis) shall ensure that the ratio of EBITDA to Fixed Charges shall be 1.25:1.00 or greater on a twelve (12) months rolling basis on assumptions approved by the Agent. 20.2.4.

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

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Ratio of EBITDA to Fixed Charges. The Borrowers shall and Borrower shall procure that the Corporate Guarantor (on a consolidated basis) shall ensure that the ratio of EBITDA to Fixed Charges shall be 1.25:1.00 or greater on a twelve (12) months rolling basis on assumptions approved by the Agent. 20.2.4Bank.

Appears in 1 contract

Samples: Agreement (B Plus H Ocean Carriers LTD)

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