Interest Charges Coverage Ratio definition

Interest Charges Coverage Ratio at any time, the ratio of (a) Net Operating Cash Flow for the period of four fiscal quarters ending on, or most recently ended prior to, such time, taken as a whole, to (b) Interest Charges for such period.

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Interest Charges Coverage Ratio means, at any time, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time to (b) Interest Charges for such period.

Interest Charges Coverage Ratio means with respect to any Person as of any date of determination, the ratio of (a) Consolidated EBITDA of such Person for the period of four (4) fiscal quarters ending on such date of determination (or, if such date of determination is not a Quarter-End Date, for the most recent Quarter-End Date for which financial statements have been delivered pursuant to Section 7.1(a) or Section 7.1(b)) to (b) Interest Charges of such Person for such four (4) quarter period.

Examples of Interest Charges Coverage Ratio in a sentence

The Company will not, on the last day of any fiscal quarter, permit the Interest Charges Coverage Ratio to be less than 2.0 to 1.0.
The Company will not permit the Interest Charges Coverage Ratio to be less than 1.5:1.0 determined as of the end of the most recently ended period of four consecutive fiscal quarters of the Company.
Permit the Consolidated Interest Charges Coverage Ratio as of the end of any fiscal quarter set forth below and for the period of four fiscal quarters then ending of Holdings and its Subsidiaries to be less than the ratio set forth below opposite such time period: 31 March 2010 2.50:1.00 30 June 2010 3.00:1.00 30 September 2010 3.75:1.00 For the avoidance of doubt the Consolidated Interest Charges Coverage Ratio will not be measured for any fiscal quarter ending after 30 September 2010.
Permit the Interest Charges Coverage Ratio of the MLP or the Interest Charges Coverage Ratio of the Issuer to be less than 1.50 to 1.00 as of any Quarter-End Date.
Permit the Interest Charges Coverage Ratio of the MLP or the Interest Charges Coverage Ratio of the Issuer to be less than 1.50 to 1.00 as of any Quarter-End Date occurring on or after December 31, 2008.
The Operating Partnership will not permit the Interest Charges Coverage Ratio on any date to be less than 2.00 to 1.00.
The Company will not permit the Interest Charges Coverage Ratio on the last day of each fiscal quarter of the Company to be less than 2.5 to 1.0.
The Trust will not permit the Interest Charges Coverage Ratio on any date to be less than 2.00 to 1.00.
NEGATIVE COVENANTS 17 Section 10.1 Minimum Consolidated Tangible Net Worth 17 Section 10.2 Interest Charges Coverage Ratio 17 Section 10.3 Limitation on Debt 17 Section 10.4 Available Asset Coverage 17 Section 10.5 Merger, Consolidation and Sale of Assets, Etc.
The Company will not, as of the end of any fiscal quarter, permit the Interest Charges Coverage Ratio for the period of four consecutive fiscal quarters then ended to be less than 2.50 to 1.

More Definitions of Interest Charges Coverage Ratio

Interest Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Interest Charges for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time to (b) Interest Charges for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time.

Interest Charges Coverage Ratio means, at any time, the ratio of (a) EBITDA for the six-full consecutive calendar months ending on, or most recently ended prior to, such time to (b) Interest Charges for such period.

Interest Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Interest Charges for the fiscal year most recently ended prior to, such time to (b) Interest Charges for such year. ‘‘Investment’’ means any investment, made in cash or by delivery of property, by the Company or any of its Subsidiaries (i) in any Person, whether by acquisition of stock, Debt or other obligation or Security, or by loan, Guaranty, advance, capital contribution or otherwise, or (ii) in any property. ‘‘Long Term Lease Rentals’’ means, with respect to any period, the sum of the minimum amount of rental and other obligations required to be paid during such period by the Company or any Subsidiary as lessee under all leases of real or personal property (other than Capital Leases) having a term (including terms of renewal or extension at the option of the lessor or the lessee, whether or not such option has been exercised) expiring more than one year after the commencement of the initial term, excluding any amounts required to be paid by the lessee (whether or not therein designat- ed as rental or additional rental) (a) which are on account of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges, or (b) which are based on profits, revenues or sales realized by the lessee from the leased property or otherwise based on the performance of the lessee. ‘‘Material Adverse Effect’’ means a material adverse effect on (a) the business, operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole, or (b) the ability of the Company to perform its obligations under this Agreement and the Notes, or (c) the validity or enforceability of this Agreement or the Notes. ‘‘Net Proceeds Amount’’ means, with respect to any Transfer of any Property by any Person, an amount equal to the difference of

Interest Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Interest Charges for the period of four

Interest Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Interest Charges for the Preceding Period to (b) Interest Charges for such period.