Interest Service Coverage Ratio means, for any Fiscal Quarter, the ratio of (i) Rolling EBITDA for such Fiscal Quarter to (ii) Rolling Interest Service for such Fiscal Quarter.

Interest Service Coverage Ratio means, with respect to any Collateral Loan for any Relevant Test Period, (1) the meaning of “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or any comparable term in the Related Documents for such Collateral Loan (provided that such term is a ratio of EBITDA to cash interest expense (and does not take into account principal repayments)), and (2) in any case that “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or such comparable term is not defined in such Related Documents (or the foregoing proviso in clause (1) above applies), the ratio, for such Collateral Loan, of (a) EBITDA of the related Obligor for the Relevant Test Period to (b) cash interest expense of such Obligor for the Relevant Test Period, in each case, as calculated by the Servicer in good faith using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the applicable Related Documents.

Examples of Interest Service Coverage Ratio in a sentence

Permit the Interest Service Coverage Ratio as of the end of any Semi-annual Period to be less than the Interest Service Coverage Ratio Threshold as of the last day of such period.
In no event shall Lenders have any obligation to honor a request for a Loan if either (I) the Aggregate Usage at such time plus the requested Loan (including any Unfunded Financing Commitment Amount resulting from such Loan) would exceed the Borrowing Base or (II) the Borrowers have failed to comply with the Interest Service Coverage Ratio for the applicable Interest Coverage Calculation Period.
Equinox shall at all times maintain the Interest Service Coverage Ratio at greater than or equal to 4.00 to 1 and shall calculate the Interest Service Coverage Ratio as at the last day of each Fiscal Quarter.
The Borrower shall at all times maintain the Interest Service Coverage Ratio at greater than or equal to 4.00 to 1 and shall calculate the Interest Service Coverage Ratio as at the last day of each Fiscal Quarter.
Facility Financial Covenants Leverage Ratio Interest Service Coverage Ratio Tangible Net Worth Endeavour Silver Corp.

More Definitions of Interest Service Coverage Ratio

Interest Service Coverage Ratio means, with respect to any Collateral Loan for any Relevant Test Period, (1) the meaning of “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or any comparable term in the Related Documents for such Collateral Loan (provided that such term is a ratio of EBITDA to cash interest expense (and takes into account, mandatory principal payments, on a pro forma basis)), and (2) in any case that “Interest Service Coverage Ratio,” “Pro Forma Interest Service Coverage Ratio” or such comparable term is not defined in such Related Documents (or the foregoing proviso in clause (1) above applies), the ratio, for such Collateral Loan, of (a) EBITDA of the related Obligor for the Relevant Test Period to (b) cash interest expense of such Obligor for the Relevant Test Period, in each case, as calculated by the Collateral Manager in good faith using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the applicable Related Documents.

Interest Service Coverage Ratio means for any period (a) Cashflow Available for Interest Service for such period, divided by (b) all interest accrued by Borrowers on the Outstanding Amount during such period.

Interest Service Coverage Ratio means, as at any Calculation Date, the ratio of:

Interest Service Coverage Ratio means the ratio of Cash EBITDA to Net Finance Charges.

Interest Service Coverage Ratio means, at any time, with respect to the Borrower, on an unconsolidated basis, the ratio of (i) EBITDA less CAPEX to (ii) the interest expenses paid or required to be paid on the Total Debt of the Borrower during any relevant period;

Interest Service Coverage Ratio means, for Holdings and its Subsidiaries, the ratio of (x) Consolidated Adjusted EBITDA to (y) Consolidated Adjusted Interest.