Interest Coverage Period definition

Interest Coverage Period means the number of days specified in the Credit Facility, as the case may be, which is used to determine the Interest Component.
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Interest Coverage Period means (x) the number of days of interest on the Bonds (calculated at the Maximum Interest Rate) for which the Credit Facility, if any, then in effect may be drawn upon or otherwise provide payment minus (y) five (5) days, as certified by the Borrower to the Remarketing Agent from time to time.
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Interest Coverage Period means (i) for the Fiscal Quarter ending on October 31, 2012, such Fiscal Quarter, (ii) for the Fiscal Quarter ending on January 31, 2013, the two Fiscal Quarter period ending on such date, (iii) for the Fiscal Quarter ending on April 30, 2013, the three Fiscal Quarter period ending on such date, and (iv) for any Fiscal Quarter ending on or after July 31, 2013, for the four Fiscal Quarter period ending on the last day of such Fiscal Quarter.
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Examples of Interest Coverage Period in a sentence

  • The Borrower will not permit the Interest Coverage Ratio as of the end of any Fiscal Quarter ending after the Closing Date and occurring during any period set forth below to be less than the ratio set forth opposite such period: Interest Coverage Period Ratio ------ -------------- 01/01/00 to 12/31/00 1.40:1 01/01/01 to 12/31/01 1.50:1 01/01/02 to 12/31/02 1.75:1 01/01/03 to 12/31/03 2.00:1 01/01/03 to 12/31/04 2.25:1 01/01/05 and thereafter 2.50:1.

  • Interest Coverage Period Ratio ------ --------- 10/03/98 2.50:1.0 01/02/99 through (and including) 07/03/99 2.75:1.0 SUBPART 2.3. Amendment to Section 7.2.11.

  • Section 4.4(b) of the Credit Agreement shall be amended by deleting the reference to "and deemed application of the Lower Interest Coverage Period in each case" appearing in the first parenthetical thereof.

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More Definitions of Interest Coverage Period

Interest Coverage Period means the number of days specified in the Letter of Credit or an Alternate Credit Facility, as the case may be, initially 48 days, which is used to determine the Interest Component.
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Interest Coverage Period means the number of days specified in computing the Interest Component of the Available Amount under any Liquidity Support Facility with respect to Variable Rate Bonds, which shall be not less than the sum of (a) the maximum number of days in a Bond Interest Period, and (b) five calendar days.
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Interest Coverage Period means any period for which the Interest Coverage Ratio shall be less than 2.00 to 1.00.
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Interest Coverage Period means (x) the number of days of interest on the Bonds (calculated at the Maximum Interest Rate) for which the Credit Facility, if any, then
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Related to Interest Coverage Period

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.

  • The Coverage Period means the Days of the Week and the hours of those Days during which maintenance, operational, and/ or technical support services (if any) must be available.

  • Interest Coverage means as of the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Interest Expense; all of the foregoing calculated by reference to the immediately preceding four fiscal quarters of the Company ending on such date of determination.

  • Interest Coverage Amount The amount to be paid by the Depositor to the Trustee for deposit into the Interest Coverage Account on the Closing Date pursuant to Section 4.08, which amount is $____________.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Extended benefit period means a period which:

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • 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.

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.

  • insurance period means a contribution period or an equivalent period;

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Elimination Period means the period of 6 months beginning on the date You become Disabled.

  • Funding Period means the period beginning on the Closing Date and ending on the first to occur of (a) the Distribution Date on which the amount on deposit in the Pre-Funding Account (after giving effect to any transfers therefrom in connection with the transfer of Subsequent Contracts to the Trust on such Distribution Date) is less than $150,000, (b) the date on which an Event of Termination occurs, (c) the date on which an Insolvency Event occurs with respect to the Trust Depositor and (d) the close of business on the date which is 90 days from and including the Closing Date.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Payment Period means the three months following each Collection Quarter.

  • Accrual Termination Date Not applicable.

  • Fraud Loss Coverage Termination Date The point in time at which the Fraud Loss Coverage Amount is reduced to zero.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Coverage Term means the period of Coverage for which the Life Insured is covered under the Policy, commencing from the Effective Date of Coverage to the Termination Date of Coverage and shall be of a term as mentioned in the Policy Schedule attached herewith & as mentioned in the Certificate of Insurance.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.