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 first full Fiscal Quarter following the Closing Date, Borrower shall not permit the Consolidated Debt Coverage Ratio for the four Fiscal Quarters immediately preceding each measurement date, as of the last day of each Fiscal Quarter to be less than two and one half to one (2.5:1.0).
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.
The Borrower shall cause the Consolidated Debt Coverage Ratio to be no greater than (i) at the Calculation Date occurring on December 31, 1996, 4.00 to 1.00 and (ii) at each Calculation Date thereafter, 3.25 to 1.00.
Commencing with the Fiscal Year ending December 31, 1999 and continuing for each Fiscal Year thereafter through the Term Loan Maturity Date, Borrower shall not permit the Consolidated Debt Coverage Ratio for such Fiscal Year to be less than 1.25 to 1.00.