SENIOR DEBT INTEREST COVERAGE RATIO Sample Clauses

SENIOR DEBT INTEREST COVERAGE RATIO. A ratio of EBITDA to Consolidated Interest Expense on Senior Debt for each period of four immediately preceding consecutive fiscal quarters of at least 3.0 to 1.0;
AutoNDA by SimpleDocs
SENIOR DEBT INTEREST COVERAGE RATIO. A ratio (calculated as set out below) of EBITDA to Consolidated Interest Expense on Senior Debt of at least 3.0 to 1.0;
SENIOR DEBT INTEREST COVERAGE RATIO. Permit, for any period of four consecutive fiscal quarters ending after the date hereof, the ratio of EBITDA for such four consecutive fiscal quarters to Consolidated Interest Expense on Senior Debt for such four consecutive fiscal quarters to be less than 3.5 to 1.0.
SENIOR DEBT INTEREST COVERAGE RATIO. Permit, at the end of each fiscal quarter of the Borrower with respect to the four (4) immediately preceding fiscal quarters then ended (calculated cumulatively, without duplication), the ratio of EBITDA for such four fiscal quarters to Consolidated Interest Expense on Senior Debt for such period to be less than the ratios set forth below opposite the date corresponding thereto. September 30, 2000 6.0:1 December 31, 2000 5.8:1 March 31, 2001 5.0:1 June 30, 2001 4.3:1 September 30, 2001 4.0:1 December 31, 2001 3.7:1 March 31, 2002 3.4:1 June 30, 2002 3.2:1

Related to SENIOR DEBT INTEREST COVERAGE RATIO

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Debt Coverage Ratio Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.75 to 1.00.

  • Senior Leverage Ratio The Borrower shall not permit its Senior Leverage Ratio at any time to exceed 2.75 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

  • Senior Secured Leverage Ratio The Borrower shall not permit the Senior Secured Leverage Ratio at the end of any Fiscal Quarter set forth below to be greater than the ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ending Maximum Senior Secured Leverage Ratio September 30, 2017 4.75 to 1.00 December 31, 2017 4.25 to 1.00 March 31, 2018 3.75 to 1.00 June 30, 2018 3.25 to 1.00 September 30, 2018 and each Fiscal Quarter thereafter 3.00 to 1.00 (v) Section 8.01(e) of the Credit Agreement is hereby amended to read as follows:

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

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