Common use of Senior Interest Coverage Ratio Clause in Contracts

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.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meristar Hotels & Resorts Inc), Revolving Credit Agreement (Meristar Hospitality Corp)

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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, and (b) for the any Rolling Period ending December 31thereafter, 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 11.0.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meristar Hospitality Corp), Revolving Credit Agreement (Meristar Hotels & Resorts Inc)

Senior Interest Coverage Ratio. The Parent shall maintain at the end of each Rolling Period (a) for the Rolling Periods Period ending on September June 30, 1998 through September 302002, 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 1.00, (cb) for each any Rolling Period thereafter ending on September 30, 2002, a Senior Interest Coverage Ratio of not less than 3.25 3.00 to 11.00 and (c) for any Rolling Period thereafter, a Senior Interest Coverage Ratio of not less than 3.50 to 1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Interstate Hotels & Resorts Inc)

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 the dates indicated in the following chart a Senior Interest Coverage Ratio of not less than 2.5 the amount set forth next to 1.0, (b) for the such dates: Ending Date of Rolling Period ending Senior Interest Coverage Ratio ----------------------------- ------------------------------ December 31, 1999 through June 30, 2001 2.75 to 1.0 September 30, 2001 2.50 to 1.0 December 31, 2001 a Senior Interest Coverage Ratio of not less than 2.75 2.50 to 1.0 and (c) for each Rolling Period thereafter a Senior Interest Coverage Ratio of not less than 3.25 March 31, 2002 2.35 to 1.1.0 June 30, 2002 2.45 to 1.0 September 30, 2002 3.00 to 1.0 December 31, 2002 3.50 to 1.0"

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Meristar Hotels & Resorts Inc)

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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 minimum Senior Interest Coverage Ratio of not less than 2.75 to 1.0 1.00, and (cb) for each any Rolling Period thereafter thereafter, a Senior Interest Coverage Ratio of not less than 3.25 to 11.00.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Meristar Hotels & Resorts Inc)

Senior Interest Coverage Ratio. The Parent shall maintain at the end of each Rolling Period (a) for the Rolling Periods Period ending on September June 30, 1998 through September 302002, 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 1.00, (cb) for each the Rolling Period thereafter ending on September 30, 2002, a Senior Interest Coverage Ratio of not less than 3.25 3.00 to 11.00, and (c) for any Rolling Period thereafter, a Senior Interest Coverage Ratio of not less than 3.50 to 1.00.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

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