Common use of Ratio of EBITDA to Interest Expense Clause in Contracts

Ratio of EBITDA to Interest Expense. Borrower will not permit, as determined on the last day of each fiscal quarter for such fiscal quarter then ending, the ratio of EBITDA for the twelve-month period ending on such date to cash Interest Expense for the twelve-month period ending on such date to be less than: (i) for the period ending June 30, 2015, 2.25 to 1.00, (ii) for the period ending September 30, 2015, 1.85 to 1.00, (iii) for the period ending December 31, 2015, 2.00 to 1.00, and (iv) for each period ending during the calendar year 2016 and each year thereafter, 4.75 to 1.00.

Ratio of EBITDA to Interest Expense. Borrower will not permit, as determined on the last day of each fiscal quarter for such fiscal quarter then ending, the ratio of EBITDA for the twelve-month period ending on such date to cash Interest Expense for the twelve-month period ending on such date to be less than: (i) for the period ending June 30December 31, 20152014, 2.25 2.75 to 1.00, (ii) for the each period ending September 30, during the calendar year 2015, 1.85 to 1.00, (iii) for the period ending December 31, 2015, 2.00 3.75 to 1.00, and (iviii) for each period ending during the calendar year 2016 and each year thereafter, 4.75 to 1.001.0.

Ratio of EBITDA to Interest Expense. Borrower will not permit, as determined on the last day of each fiscal quarter for such fiscal quarter then ending, the ratio of EBITDA for the twelve-month period ending on such date to cash Interest Expense for the twelve-month period ending on such date to be less than: (i) for the period ending June 30, 2015, 2.25 to 1.00, (ii) for the period ending September 30, 2015, 1.85 to 1.00, (iii) for the period ending December 31, 2015, 2.00 to 1.00, 1.00 and (iv) for each period ending during the calendar year 2016 and each year thereafter, 4.75 to 1.00.