Interest Cover definition

Interest Cover means as of any date of determination the ratio of EBITDA to Finance Charges in respect of the most recently-ended Relevant Period.

Interest Cover means, in respect of any Relevant Period, the ratio of Consolidated EBIT for that Relevant Period to Consolidated Net Finance Charges for that Relevant Period.

Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period.

Examples of Interest Cover in a sentence

• The Interest Cover Ratio for any Test Period shall be not less than 3.50:1.

• The Incurrence Test for the purposes of Clause 10.6 is met if the Interest Cover Ratio is no less than 2.0. determined in accordance with the Accounting Principles as in force on the Issue Date.

• The Interest Cover Required Amount may not be sufficient to cover any shortfall between the amounts of interest received by the CBC and the rate of interest payable on the Covered BondsThe CBC is required, among other things, to deduct an amount equal to the Interest Cover Required Amount from the Asset Cover Test to cater for certain interest rate risks.

• The calculation of Interest Cover Ratio shall be made for a 12 month period ending on the last day of the period covered by the Financial Report as of the most recent Quarter Date for which the Financial Report has been published.

• The 2027 guaranteed notes and the 2025, 2026 and 2029 guaranteed bonds have two key covenants: Loan to Value should not exceed 60 per cent and Interest Cover Ratio that shall not fall below 1.5:1.

More Definitions of Interest Cover

Interest Cover means the ratio of Consolidated EBITDA to Consolidated Net Finance Charges in respect of any Relevant Period;

Interest Cover has the meaning given to that term in Clause 26.1 (Financial definitions).

Interest Cover means, in respect of any Relevant Period, the ratio of Consolidated EBITDA for that Relevant Period to Consolidated Net Finance Charges for that Relevant Period.

Interest Cover means the ratio of Earnings Before Interest, Tax and Depreciation (EBITDA) to Total Interest Costs (net of any interest receivable).

Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period. Leverage means in respect of any Relevant Period the ratio of Total Net Debt on the last day of that Relevant Period to Adjusted Acquisition EBITDA in respect of that Relevant Period. Net Finance Charges means, for any Relevant Period, the Finance Charges for that Relevant Period after deducting any interest payable in that Relevant Period to any member of the Group on any cash or Cash Equivalent investment.

Interest Cover means, on any testing date (as defined below), projected annual rental income as a percentage of projected annual finance costs at that time. For the purposes of this definition:

Interest Cover. Interest Cover in respect of any Relevant Period specified in column 1 below shall be or shall exceed the ratio set out in column 2 below opposite that Relevant Period. Column 1 Relevant Period Column 2 Ratio