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

Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter permit the ratio of EBITDA for the Borrower and its Consolidated Restricted Subsidiaries for the period of four fiscal quarters then ending to Interest Expense for such period to be less than (i) 2.00 to 1.00 for any fiscal quarter ending during the period including December 31, 2015 through and including December 31, 2016, (ii) 2.25 to 1.00 for the fiscal quarters ending on March 31, 2017 and June 30, 2017 and (iii) 2.50 to 1.00 for any fiscal quarter thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Linn Energy, LLC), Credit Agreement

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Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending June 30, 2009 and as of the end of each fiscal quarter thereafter, permit the its ratio of EBITDA for the Borrower and its Consolidated Restricted Subsidiaries for the period of four fiscal quarters then ending to Interest Expense for such period to be less than (i) 2.00 2.5 to 1.00 for any fiscal quarter ending during the period including December 31, 2015 through and including December 31, 2016, (ii) 2.25 to 1.00 for the fiscal quarters ending on March 31, 2017 and June 30, 2017 and (iii) 2.50 to 1.00 for any fiscal quarter thereafter1.0.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter commencing with the fiscal quarter ending September 30, 2006, permit the its ratio of EBITDA for the Borrower and its Consolidated Restricted Subsidiaries for the period of four fiscal quarters then ending ended to Interest Expense for such period to be less than (i) 2.00 2.0 to 1.00 for any fiscal quarter ending during the period including December 31, 2015 through and including December 31, 2016, (ii) 2.25 to 1.00 for the fiscal quarters ending on March 31, 2017 and June 30, 2017 and (iii) 2.50 to 1.00 for any fiscal quarter thereafter1.0.

Appears in 1 contract

Samples: Loan Agreement (Linn Energy, LLC)

Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter permit the ratio of EBITDA for the Borrower and its Consolidated Restricted Subsidiaries for the period of four fiscal quarters then ending to Interest Expense for such period to be less than (i) 2.00 2.5 to 1.00 for any fiscal quarter ending during the period including December 31, 2015 through and including December 31, 2016, (ii) 2.25 to 1.00 for the fiscal quarters ending on March 31, 2017 and June 30, 2017 and (iii) 2.50 to 1.00 for any fiscal quarter thereafter1.0.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

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Ratio of EBITDA to Interest Expense. The Borrower will not, as of the last day of any fiscal quarter, commencing with the fiscal quarter ending December 31, 2007 and as of the end of each fiscal quarter thereafter, permit the its ratio of EBITDA for the Borrower and its Consolidated Restricted Subsidiaries for the period of four fiscal quarters then ending to Interest Expense for such period to be less than (i) 2.00 2.5 to 1.00 for any fiscal quarter ending during the period including December 31, 2015 through and including December 31, 2016, (ii) 2.25 to 1.00 for the fiscal quarters ending on March 31, 2017 and June 30, 2017 and (iii) 2.50 to 1.00 for any fiscal quarter thereafter1.0.

Appears in 1 contract

Samples: Credit Agreement (Linn Energy, LLC)

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