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 -------------------------- ----- March 31 1.65 to 1 June 30 3.50 to 1 September 30 4.50 to 1 December 31 2.40 to 1
Senior Interest Coverage Ratio. Borrower and Guarantors 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 39 40 determinations, each previous Fiscal Quarter commencing with the Closing), multiplied by 13/3rds, 13/3rds, and 13/3rds respectively.
Senior Interest Coverage Ratio. Fail to maintain a Senior Interest Coverage Ratio at the end of each fiscal quarter set forth below of not less than the applicable ratio set forth below: For the fiscal quarter ending December 31, 2003 4.00 to 1.00 For the fiscal quarter ending March 31, 2004 3.60 to 1.00 For the fiscal quarter ending June 30, 2004 3.80 to 1.00 For the fiscal quarter ending September 30, 2004 4.15 to 1.00 For the fiscal quarter ending December 31, 2004 4.30 to 1.00 Upon receipt of the Projections to be delivered to Agent pursuant to Section 6.3(c) for the Fiscal Year of Parent and its Subsidiaries ending December 31, 2005, Agent and Administrative Borrower shall negotiate in good faith to determine the minimum Senior Interest Coverage Ratio for each 4 consecutive fiscal quarter period ending during such Fiscal Year; provided, that if Agent and Administrative Borrower cannot agree on the minimum Senior Coverage Ratio for such periods, for purposes of this Section 7.20(c), the minimum Senior Interest Coverage Ratio for each 4 consecutive fiscal quarter period ending during such Fiscal Year shall not be less than 4:75 : 1.00.
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 for the cumulative period set forth below, a Senior Interest Coverage Ratio equal to or greater than the ratio set forth below for the period corresponding thereto: Period Ratio
(i) One calendar month period ending on November (i) 1.50 to 1.0 30, 1998
(ii) One calendar month period ending on (ii) 1.60 to 1.0 December 31, 1998
(iii) One calendar month period ending on (iii) 1.30 to 1.0 January 31, 1999
(iv) Two calendar month period ending on February (iv) 1.40 to 1.0 28, 1999
(v) Three calendar month period ending on (v) 1.70 to 1.0 Xxxxx 00, 0000
(xx) Four calendar month period ending on (vi) 1.90 to 1.0 April 30, 1999
(vii) Five calendar month period ending on May 31, (vii) 2.25 to 1.0 1999 (viii) Six calendar month period ending on June 30, (viii) 2.25 to 1.0 1999
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: October 1, 2006 and thereafter 3.25 to 1
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. Fail to maintain a Senior Interest Coverage Ratio at the end of each fiscal quarter set forth below of not less than the applicable ratio set forth below: ----------------------------------------------------------------------------------------------- Fiscal Quarter Ended Ratio Ratio (prior to making (subsequent to making of Term Loan C) of Term Loan C) ----------------------------------------------------------------------------------------------- For the fiscal quarter ending March 31, 2003 4.50 to 1.00 4.50 to 1.00 ----------------------------------------------------------------------------------------------- For each fiscal quarter ending during the period 5.50 to 1.00 4.00 to 1.00 from April 1, 2003 through September 30, 2003 ----------------------------------------------------------------------------------------------- -103- ---------------------------------------------------------------------------------------------- Fiscal Quarter Ended Ratio Ratio (prior to making (subsequent to making of Term Loan (C) of Term Loan (C) ---------------------------------------------------------------------------------------------- For the fiscal quarter ending March 31, 2003 4.50 to 1.00 4.50 to 1.00 ---------------------------------------------------------------------------------------------- For the fiscal quarter ending December 31, 2003 5.75 to 1.00 4.50 to 1.00 ---------------------------------------------------------------------------------------------- For each fiscal quarter ending during the period 6.25 to 1.00 4.50 to 1.00 from January 1, 2004 through December 31, 2004 ---------------------------------------------------------------------------------------------- For the fiscal quarter ending March 31, 2005 6.75 to 1.00 4.75 to 1.00 ---------------------------------------------------------------------------------------------- For the fiscal quarter ending June 30, 2005 7.00 to 1.00 5.00 to 1.00 ---------------------------------------------------------------------------------------------- For the fiscal quarter ending September 30, 2005 7.50 to 1.00 5.25 to 1.00 ---------------------------------------------------------------------------------------------- For the fiscal quarter ending December 31, 2005 8.00 to 1.00 5.50 to 1.00 ----------------------------------------------------------------------------------------------
