Senior Coverage Ratio Sample Clauses

Senior Coverage Ratio. The Borrower will not permit the Senior Coverage Ratio to be less than 2.00 to 1.00 at any time.
AutoNDA by SimpleDocs
Senior Coverage Ratio. Permit the ratio of Consolidated EBITDA of the Borrower and its Subsidiaries (other than the Foreign Subsidiaries) to the Consolidated Total Interest Expense of the Borrower and its Subsidiaries (other than the Foreign Subsidiaries) as of the end of any fiscal month for the immediately preceding 12 fiscal month period to be less than 3.0 to 1.0.
Senior Coverage Ratio. The Company shall not permit the Senior Debt Coverage Ratio to be greater than the ratio set forth opposite the relevant Fiscal Quarter in the following table: Fiscal Quarter Ratio First Quarter 2002 4.00 to 1.00 Second Quarter 2002 3.75 to 1.00 Third Quarter 2002 3.50 to 1.00 Fourth Quarter 2002 3.50 to 1.00 First Quarter, 2003, 3.25 to 1.00 and thereafter

Related to Senior Coverage Ratio

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio at the end of any fiscal quarter (calculated as of the end of each such fiscal quarter for the four-fiscal quarter period ending on such date) to be less than 3.00 to 1.00.

  • Liquidity Coverage Ratio The Seller shall not issue any LCR Security.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!