Consolidated Interest Expense Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA as of the last day of the relevant Test Period to (b) Consolidated Interest Expense for such Test Period.
Consolidated Interest Expense Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period to the Consolidated Interest Expense of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees or redeems any Indebtedness (other than revolving credit borrowings) or issues or redeems preferred stock subsequent to the commencement of the period for which the Consolidated Interest Expense Coverage Ratio is being calculated but prior to the date on which the event for which the calculation of the Consolidated Interest Expense Coverage Ratio is made (the "Calculation Date"), then the Consolidated Interest Expense Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee or redemption of Indebtedness, or such issuance or redemption of preferred stock, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Consolidated Interest Expense Coverage Ratio: (i) acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers or consolidations and including any related financing transactions, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date shall be deemed to have occurred on the first day of the four-quarter reference period and Consolidated Cash Flow for such reference period shall be calculated without giving effect to clause (iii) of the proviso set forth in the definition of Consolidated Net Income, (ii) the Consolidated Cash Flow attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, shall be excluded, and (iii) the Consolidated Interest Expense attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, shall be excluded, but only to the extent that the obligations giving rise to such Consolidated Interest Expense will not be obligations of the specified Person or any of its Restricted Subsidiaries following the Calculation Date.
Consolidated Interest Expense Coverage Ratio means, with respect to any specified Person for any period, the ratio of (x) the Consolidated EBITDA of such Person and its Restricted Subsidiaries for such period to (y) the Consolidated Interest Expense of such Person for such period. In the event that Holdings or any Restricted Subsidiary incurs, assumes, guarantees, redeems, retires or extinguishes any Indebtedness (other than Indebtedness incurred under a revolving credit facility unless such Indebtedness has been permanently repaid and has not been replaced) or issues or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Consolidated Interest Expense Coverage Ratio is being calculated but prior to or simultaneously with the event for which the calculation of the Consolidated Interest Expense Coverage Ratio is made (the “Consolidated Interest Expense Coverage Ratio Calculation Date”) or if the transaction giving rise to the need to calculate the Consolidated Interest Expense Coverage Ratio is an incurrence of Indebtedness, then the Consolidated Interest Expense Coverage Ratio shall be calculated giving pro forma effect to such
Examples of Consolidated Interest Expense Coverage Ratio in a sentence
Permit the Consolidated Interest Expense Coverage Ratio for any four-fiscal-quarter period ending after the date hereof to be less than 3.00 to 1.00.
Consolidated Interest Expense Coverage Ratio..........................
Permit the Consolidated Interest Expense Coverage Ratio for any four-fiscal-quarter period ending on any date set forth below to be less than the ratio set forth below opposite such date.
Permit the Consolidated Interest Expense Coverage Ratio for any four-fiscal-quarter period (or such lesser number of fiscal quarters as shall have elapsed since December 31, 1998) ending on any date set forth below to be less than the ratio set forth below opposite such date.
Consolidated Interest Expense Coverage Ratio ...........................................
More Definitions of Consolidated Interest Expense Coverage Ratio
Consolidated Interest Expense Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period to the Consolidated Interest Expense of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees or redeems any Indebtedness (other than revolving credit borrowings) or issues or redeems preferred stock subsequent to the commencement of the period for which the Consolidated Interest Expense Coverage Ratio is being calculated but prior to the date on which the event for which the calculation of the Consolidated Interest Expense Coverage Ratio is made (the "Calculation Date"), then the Consolidated Interest Expense Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee or redemption of Indebtedness, or such issuance or redemption of preferred stock, as if the same had occurred at the beginning of the applicable four-quarter reference period.
Consolidated Interest Expense Coverage Ratio means, as of any date of determination, the ratio of:
Consolidated Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period; provided that (i) for the purpose of determining the Consolidated Interest Expense Coverage Ratio, no effect shall be given to FASB Staff Position No. APB 14-1 dated May 9, 2008 and (ii) for the first three consecutive full fiscal quarters ending on or after the Amendment No. 1 Effective Date, Consolidated Interest Expense shall be deemed to be equal to (a) the Consolidated Interest Expense for the first such fiscal quarter, multiplied by 4, (b) the sum of Consolidated Interest Expense for the first and second such fiscal quarters, multiplied by 2 and (c) the sum of Consolidated Interest Expense for the first, second and third fiscal quarters ended, multiplied by 4/3, respectively.
Consolidated Interest Expense Coverage Ratio means, with respect to any person, the ratio of (i) the aggregate amount of the applicable Consolidated Cash Flow Available for Interest Expense of such person to (ii) the aggregate Consolidated Interest Expense which such person shall accrue during the first full fiscal quarter following the Transaction Date and the three fiscal quarters immediately subsequent to such fiscal quarter, such Consolidated Interest Expense to be calculated on the basis of the amount of such person's Indebtedness (on a consolidated basis) outstanding on the Transaction Date and reasonably anticipated by such person in good faith to be outstanding from time to time during such period.
Consolidated Interest Expense Coverage Ratio means an indicator calculated on the basis of the Group’s annual and semi-annual consolidated financial statements prepared in accordance with the IFRS and representing the ratio of Adjusted EBITDA to the absolute value of the sum of Interest expenses related to financial debt9 and Lease interest expenses10, provided that
Consolidated Interest Expense Coverage Ratio means , as of any date of determination for the Borrower and its Subsidiaries on a consolidated basis, the ratio of (a) EBITDA to (b) the Consolidated Interest Expense for such period, in each case determined in accordance with GAAP.
Consolidated Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period; provided that for purposes of calculating the Consolidated Interest Expense Coverage Ratio, the Borrower's Consolidated EBITDA and Consolidated Interest Expense for each of the four-fiscal-quarter periods ending at the end of the three fiscal quarters next following the fiscal quarter during which the Closing Date occurs shall be deemed to equal (i) the Borrower's Consolidated EBITDA and Consolidated Interest Expense, respectively, for the period commencing at the beginning of the fiscal quarter next following the fiscal quarter during which the Closing Date occurs and ending at the end of the applicable period plus (ii) the Borrower's pro forma Consolidated EBITDA and Consolidated Interest Expense, respectively, for each quarter in the applicable period that shall have ended prior to the beginning of the fiscal quarter next following the fiscal quarter during which the Closing Date occurs, prepared on a basis consistent with that used in preparing the pro forma financial statements delivered pursuant to Section 4.02(q).