Consolidated Debt Coverage Ratio definition
Examples of Consolidated Debt Coverage Ratio in a sentence
The term "Consolidated Debt Coverage Ratio" means for the Guarantor, at any date, the ratio, for the Guarantor and its Consolidated Subsidiaries, of (a) the sum of (i) Unrestricted Cash on such date plus (ii) Marketable Investments on such date to (b) Consolidated Funded Debt on such date.
Commencing with the Fiscal Year ending December 31, 1996 and continuing through the Tranche B Maturity Date, Borrower shall not permit the Consolidated Debt Coverage Ratio for any Fiscal Year to be less than 1.15 to 1.00.
Commencing with the Fiscal Year ending December 31, 1998 and continuing for each Fiscal Quarter through the Bridge Loan Maturity Date, Borrower shall not permit the Consolidated Debt Coverage Ratio for such period to be less than 1.25 to 1.00.
Borrower's Consolidated Debt Coverage Ratio, defined as the ratio of (i) consolidated earnings before interest, taxes, depreciation and amortization expense to (ii) the sum of consolidated current maturities of long term debt plus consolidated interest expense, shall not fall below 1.30 to 1.00 throughout the term of the Loan.
Borrower shall not permit its Consolidated Debt Coverage Ratio to be less than .69 to 1.00 for the Fiscal Year ending December 31, 2002, and 1.10 to 1.00 for the Fiscal Year ending December 31, 2003.