Minimum Interest Coverage Ratio definition

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

Minimum Interest Coverage Ratio as defined in Section 7.1(b).

Minimum Interest Coverage Ratio means, as at the date of calculation or an account period, the ratio of (a) EBITDA for the most recent financial period of the Group ending on that date of calculation to (b) the Net Interest Expenses for that financial period (calculated on a trailing 12-months basis);

Examples of Minimum Interest Coverage Ratio in a sentence

• The Company shall not permit the Minimum Interest Coverage Ratio for the four-Fiscal Quarter period ending on the last day of any Fiscal Quarter to be less than 3.00 to 1.00.

• The Revolving Credit Facility allows for a Maximum Leverage Ratio of 3.50 and a Minimum Interest Coverage Ratio of 2.50, subject to certain conditions defined in the financing agreement.

• An additional limitation applies to foundations with public-benefit status– purchase of stocks/shares is considered as part of administrative costs, which are limited to 25% of general donations that are spent in a year.

• Any of the Loan Parties shall default in the observance or performance of any covenant contained in Section 8.1.11 [Anti-Terrorism Laws], Section 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions], Section 8.2.7 [Dispositions of Assets of Subsidiaries], Section 8.2.9 [Continuation of or Change in Business], Section 8.2.13 [Change in Ownership], Section 8.2.14 [Maximum Leverage Ratio] or Section 8.2.15 [Minimum Interest Coverage Ratio].

• The Minimum Interest Coverage Ratio increases to 1.75 to 1.00 as of September 30, 2016 and December 31, 2016, 2.50 to 1.00 as of March 31, 2017 and 2.75 to 1.00 as of June 30, 2017 and thereafter.

More Definitions of Minimum Interest Coverage Ratio

Minimum Interest Coverage Ratio means an Interest Coverage Ratio equaling or exceeding (i) 1.00 to 1.00 from and after December 31, 2014 through and including March 31, 2015 and (ii) 1.50 to 1.00 after March 31, 2015.

Minimum Interest Coverage Ratio means as of any date of determination, and subject to the calculations set forth in the succeeding sentence, the ratio of (a) EBITDAX for the four fiscal quarter period ended as of such date of determination divided by (b) Interest Expense for such four fiscal quarter period. For purposes of the foregoing calculation, both EBITDAX and Interest Expense shall each respectively be calculated as follows: (i) for the fiscal quarter ending June 30, 2015, EBITDAX and Interest Expense for such quarter times four, (ii) for the fiscal quarter ending September 30, 2015, EBITDAX and Interest Expense for such two fiscal quarter period then ended times two, (iii) for the fiscal quarter ending December 31, 2015, EBITDAX and Interest Expense for such three fiscal quarter period then ended times 4 and divided by three, and (iv) thereafter, the EBITDAX and Interest Expense for the four fiscal quarter period then ended.

Minimum Interest Coverage Ratio means EBITDA divided by Interest Expense (net of capitalized interest expense) for the most recent four quarter period.

Minimum Interest Coverage Ratio. Consolidated EBITDA to Consolidated Interest Expense

Minimum Interest Coverage Ratio means, as of such date of determination, the ratio of (a) the consolidated EBITDAX of the Borrower for the four fiscal quarter period then ended, to (b) interest expense (including, without limitation, capitalized interest) of the

Minimum Interest Coverage Ratio means, for any period, the ratio of (a) EBIT plus the amount of the Management Fee expensed during such period, to (b) the sum of the Consolidated Interest Expense, plus the amount of any dividend or distribution in respect of the Preferred Stock paid or scheduled to be paid during such period, plus the amount of the Management Fee paid during such period.

Minimum Interest Coverage Ratio. The ratio referenced in Section 13.15 of the Agreement is **** to ****.