Interest Cover Ratio definition

Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

Interest Cover Ratio means, with respect to any Test Period, the ratio of (i) EBITDA for such Test Period to (ii) Net Interest Payable during such Test Period.

Examples of Interest Cover Ratio in a sentence

• We confirm that in respect of relevant the Relevant Period, the Interest Cover Ratio is [●]].

• The Issuer shall, as long as any Bond remains outstanding, ensure that the Interest Cover Ratio on each testing date shall be equal to or shall exceed 1.2.

• For the avoidance of doubt, the Interest Cover Ratio will not be considered to be breached on a testing date, if in relation to the Annual Relevant Period immediately preceding such testing date the Finance Charges are negative or equal to zero.

• When the Interest Cover Ratio is measured under the Incurrence Test, the calculation of the Interest Cover Ratio shall be made for the Reference Period ending on the last day of the period covered by the most recent Financial Report.

• The metrics are Interest Cover Ratio (ICR) and Loan to Value (LTV).

More Definitions of Interest Cover Ratio

Interest Cover Ratio means the ratio of Consolidated EBITDA to Net Finance Charges on a Group consolidated basis for the Relevant Period ending on the last day of the period covered by the most recent consolidated financial statements published by the Issuer in accordance with Clause 9.1.1.

Interest Cover Ratio means the ratio of EBITDA to Net Finance Charges, calculated in accordance with Clause 14.3 (Calculation of Interest Cover Ratio).

Interest Cover Ratio means the ratio of EBITDA to Net Interest Payable, calculated in accordance with Clause 14.2.4.

Interest Cover Ratio or “ICR” means the debt/profitability ratio used to determine how easily a company can pay interest on outstanding debt;

Interest Cover Ratio has the meaning given to such term in paragraph (b) of Clause 23.2 (Ratio).

Interest Cover Ratio means the ratio of EBITDA to Net Finance Charges, calculated in accordance with Clause 11.3.

Interest Cover Ratio means, in respect of any Relevant Period, the ratio of EBITDA of the Group in respect of that Relevant Period to Net Cash Finance Interest Adjusted For Leases in respect of that Relevant Period.