Interest Coverage Ratios definition

Interest Coverage Ratios of Section 12, “Covenants,” of the Forbearance Agreement is hereby amended to recite as follows:

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Interest Coverage Ratios of Section 12, “Covenants,” of the Forbearance Agreement are hereby replaced in their entirety with the paragraphs set forth below and are amended respectively to recite as follows:

Interest Coverage Ratios. Collectively, the Class A Interest Coverage Ratio and the Class B Interest Coverage Ratio.

Examples of Interest Coverage Ratios in a sentence

For the calendar quarter of Borrower ending December 31, 2005 and for each calendar quarter thereafter, the average of the Interest Coverage Ratio for Borrower for such calendar quarter and the Interest Coverage Ratios for each of the three immediately preceding calendar quarters shall be at least 1.25:1.
TRS agrees to provide Ryder with the -------------------- following financial statements and information on a quarterly basis (or upon Ryder's reasonable request from time to time) for the purpose of evaluating the creditworthiness of TRS: (i) TRS's Combined Balance Sheet in the form set forth in Exhibit B; (ii) TRS's Combined Statement of Earnings in the form set forth in Exhibit C; (iii) TRS's Interest Coverage Ratios; and (iv) TRS's Debt-to-Equity Ratio.
Notwithstanding -------------------------------------- anything else herein to the contrary, however, the interest rate payable hereunder shall be subject to a semiannual change upon the Borrowers' achieving certain Interest Coverage Ratios for any prior twelve-month period, determined based upon financial statements for the year-to-date periods ending June 30 and December 31 of each year.
For the calendar quarter of Borrower ending September 30, 2007 and for each calendar quarter thereafter, the average of the Interest Coverage Ratio for Borrower for such calendar quarter and the Interest Coverage Ratios for each of the three immediately preceding calendar quarters shall be at least 1.25:1.
If, at any time, the Servicer has not entered into such a replacement facility or such replacement facility does not contain corresponding ratios, the Servicer shall maintain the above Consolidated Leverage Ratios and the above Consolidated Interest Coverage Ratios required as if the Credit Agreement remained in full force and effect.
From and after the Eleventh Amendment Effective Date, Section 9.10 of the Credit Agreement shall be amended by (i) deleting the Combined Adjusted Interest Coverage Ratios for the Test Periods appearing therein for the period from and including April 1, 2001 and thereafter and (ii) inserting in lieu thereof the following periods and corresponding ratios: "April 1, 2001 to and including 1.25:1.00 June 30, 2002 July 1, 2002 and thereafter 1.30:1.00".
Section 8.2 of the Credit ------------------------ Agreement is hereby amended to delete in its entirety the table of Minimum Interest Coverage Ratios set forth therein and to substitute in lieu thereof the table set forth on Exhibit II attached hereto and made a part ---------- hereof.

More Definitions of Interest Coverage Ratios

Interest Coverage Ratios means the Class D Interest Coverage Ratio and the Class E Interest Coverage Ratio. For the purposes of calculating an Interest Coverage Ratio the expected interest income on the Portfolio Bonds, Eligible Investments and the Accounts (to the extent applicable) and

Interest Coverage Ratios of any person means, for any Period, the ratio of (a) its EBITDA for such period to (b) interest expense for such period.

Interest Coverage Ratios means the Class A/B Interest Coverage Ratio, the Class C/D/E Interest Coverage Ratio and the Class F/G/H Interest Coverage Ratio.

Interest Coverage Ratios means the Class A/B Interest Coverage Ratio, the Class C Interest Coverage Ratio and the Class D Interest Coverage Ratio.