Common use of Senior Interest Coverage Ratio Clause in Contracts

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

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

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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 31 1.65 31st 2.00 to 1 January 1st to June 30 3.50 30th 2.75 to 1 January 1st to September 30 4.50 30th 3.00 to 1 January 1st to December 31 2.40 31st 2.00 to 1"

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

Senior Interest Coverage Ratio. Achieve, at the end of each fiscal quarter within set forth below, for the term hereof cumulative period ending on such date, a Senior Interest Coverage Ratio equal to or greater than the ratio shown set forth below for the quarter period corresponding thereto: Each Fiscal Quarter Ending Period Ratio -------------------------- ------ ----- March 31 1.65 (i) Three calendar month period (i) 2.50 to 1 1.0 ending on June 30 3.50 to 1 September 30 4.50 to 1 December 31 2.40 to 130, 1998

Appears in 1 contract

Samples: Loan and Security Agreement (Black Warrior Wireline Corp)

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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 31 1.65 31st 2.50 to 1 January 1st to June 30 30th 3.50 to 1 January 1st to September 30 4.50 30th 3.50 to 1 January 1st to December 31 31st 2.40 to 1

Appears in 1 contract

Samples: Loan and Security Agreement (Eagle Pacific Industries Inc/Mn)

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