Common use of Times Interest Earned Clause in Contracts

Times Interest Earned. The ratio of (i) the Company's Combined Net Income Before Interest and Taxes to (ii) the Company's Combined Interest Charges calculated as of the end of each fiscal quarter beginning December 31, 1991 for the period including such quarter and the immediately prior three fiscal quarters, combined, will be at least 1.35 for each of said periods.

Appears in 4 contracts

Samples: Series J Loan Agreement (NPR Inc), Series J Loan Agreement (Sjit Inc), Series H Loan Agreement (Sjit Inc)

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Times Interest Earned. The ratio of (i) the Company's Xxxx'x Combined Net Income Before Interest and Taxes to (ii) the Company's Xxxx'x Combined Interest Charges calculated as of the end of each fiscal quarter beginning December 31, 1991 for the period including such quarter and the immediately prior three fiscal quarters, combined, will be at least 1.35 for each of said periods.

Appears in 1 contract

Samples: Installment Sale Agreement (NPR Inc)

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Times Interest Earned. The ratio of (i) the Company's Combined Net Income Before Interest and Taxes to (ii) the Company's Combined Interest Charges Charges, calculated as of the end of each fiscal quarter beginning December 31, 1991 for the period including such quarter and the immediately prior three fiscal quarters, combined, will be at least 1.35 for in respect of each of said periodsfiscal quarter beginning after September 30, 1996.

Appears in 1 contract

Samples: Jersey Economic Development Authority (Sjit Inc)

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