Senior Interest Coverage Ratio. The Parent shall maintain at the end of each Rolling Period (a) for the Rolling Periods ending on September 30, 1998 through September 30, 1999 a Senior Interest Coverage Ratio of not less than 2.5 to 1.0, (b) for the Rolling Period ending December 31, 1999 through December 31, 2001 a Senior Interest Coverage Ratio of not less than 2.75 to 1.0 and (c) for each Rolling Period thereafter a Senior Interest Coverage Ratio of not less than 3.25 to 1.
Senior Interest Coverage Ratio. Achieve, at the end of each fiscal quarter within the term hereof a Senior Interest Coverage Ratio equal to or greater than the ratio shown below for the quarter corresponding thereto: Each Fiscal Quarter Ending Ratio -------------------------- ----- January 1st to March 31st 2.50 to 1 January 1st to June 30th 3.50 to 1 January 1st to September 30th 3.50 to 1 January 1st to December 31st 2.40 to 1
Senior Interest Coverage Ratio. Borrower shall achieve, at the end of each fiscal period listed below during the term hereof, a Senior Interest Coverage Ratio (as defined in the Senior Loan Agreement) equal to or greater than the ratio shown below for the fiscal period corresponding thereto: Fiscal Period Ratio ------------- -----
Senior Interest Coverage Ratio. Borrower shall maintain a Senior Interest Coverage Ratio, calculated and tested as of the last day of each respective Fiscal Quarter, cumulatively for the rolling thirteen (13) Reporting Periods ending on the last day of each such Fiscal Quarter of not less 3.00 : 1.00; provided that for purposes of determining the ratio described above for the Fiscal Quarters ending December 26, 1999, March 19, 2000, and June 11, 2000, EBITDA and Funded Debt Interest Expense shall be deemed to equal EBITDA and Funded Debt Interest Expense for such Fiscal Quarter (and, in the case of the later two such determinations, each previous Fiscal Quarter commencing with the Closing), multiplied by 13/3rds, 13/3rds, and 13/3rds respectively.
Senior Interest Coverage Ratio. The Company shall initially maintain a minimum Senior Interest Coverage Ratio of 2.5x, with a step-up to 2.75x after 12 months from closing. Senior Interest Coverage Ratio is defined as Consolidated EBITDA divided by Consolidated Senior Interest Expense.
Senior Interest Coverage Ratio. Permit for any period of four consecutive fiscal quarters ending during any Test Period listed below, commencing with the first full fiscal quarter ending closest to the date which is nine calendar months after the Closing Date, the ratio of (i) Consolidated EBITDA for such period minus Primary Capital Expenditures made during such period to (ii) Senior Interest Expense (and if such period does not include four full fiscal quarters in the Measurement Period of Intermediate Holding after the Closing Date, the amount of Senior Interest Expense for each of the full fiscal quarters after the Closing Date multiplied by a fraction, the numerator of which is four and the denominator of which is the number of full fiscal quarters in the Measurement Period after the Closing Date) to be less than the ratio set forth opposite the Test Period below: Test Period Ratio ----------- ----- October 1, 2001 - September 30, 2002 1.60 to 1 October 1, 2002 - September 30, 2003 1.80 to 1 October 1, 2003 - September 30, 2004 2.00 to 1 October 1, 2004 - September 30, 2005 2.50 to 1 October 1, 2005 - September 30, 2006 3.00 to 1 October 1, 2006 and thereafter 3.25 to 1
Senior Interest Coverage Ratio. Permit the Senior Interest Coverage Ratio for each period of 12 months that ends on a Calculation Date that occurs in a period set out in the following table to be less than the amount set out below: Period Ratio ------ ----- Closing Date through December 31, 2003 3.75 to 1.00 January 1, 2004 through June 30, 2004 4.00 to 1.00 July 1, 2004 through December 31, 2004 4.25 to 1.00 January 1, 2005 through June 30, 2005 4.50 to 1.00 Thereafter 4.75 to 1.00
Senior Interest Coverage Ratio. Achieve, at the end of each fiscal period listed below a Senior Interest Coverage Ratio equal to or greater than the ratio shown below for the fiscal period corresponding thereto: Fiscal Period Ratio ------------- ----- January 1 to March 31 1.65 to 1 January 1 to June 30 3.50 to 1 January 1 to September 30 4.50 to 1 January 1 to December 31 2.40 to 1" Availability. Borrowers covenant to maintain Availability of at least Two Million Dollars ($2,000,000) at all times during the period from June 1, 1997 to and including the earlier of (i) May 31, 1998, and (ii) the date on which the Company receives Four Million Dollars ($4,000,000) or more as a contribution to capital, which Four Million Dollars ($4,000,000) is in turn contributed to the capital of any of EPI, PPI or AAP or any combination thereof. Sale and Leaseback. Lender acknowledges that Borrowers contemplate making certain Capital Expenditures or other expenditures in connection with the construction of APP's new facility in Salt Lake City, Utah. Lender further acknowledges and consents to any sale and leaseback transaction entered into in connection with such improvements; provided that such sale and leaseback transaction does not cause Borrowers to violate any other covenants contained in the Loan and Security Agreement.
Senior Interest Coverage Ratio. The Obligors shall maintain, as of the end of each fiscal quarter during the applicable periods set forth below, an Senior Interest Coverage Ratio of not less than the ratio set forth below opposite each such applicable period: Applicable Period Ratio ----------------- ----- 12/31/99 - 09/29/01 3.00:1.00 09/30/01 - 12/30/03 3.50:1.00 Thereafter 4.00:1.00
Senior Interest Coverage Ratio. The Borrower will not permit the Senior Interest Coverage Ratio of the Borrower and its Subsidiaries for the twelve-month period ending on the last day of any Fiscal Quarter to be less than the ratio set forth opposite such Fiscal Quarter (for each Fiscal Quarter ending prior to March 31, 1997, such ratio to be calculated as provided in clause (h) of this Section 6.2.4):
