Senior Interest Coverage Ratio definition

Senior Interest Coverage Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) Interest Coverage Numerator by (b) the sum of the Super Senior Swap Premium Amount and the scheduled interest payments due and payable on the Senior Notes payable on the next following Interest Payment Date.

Senior Interest Coverage Ratio means, at any date, the ratio of (a) EBITDA for the then-current Calculation Period to (b) Senior Interest Expense for such period.

Senior Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

Examples of Senior Interest Coverage Ratio in a sentence

• The Parent shall maintain at the end of each Rolling Period (a) for the Rolling Periods ending on September 30, 1998 through September 30, 1999 a Senior Interest Coverage Ratio of not less than 2.5 to 1.0, and (b) for any Rolling Period thereafter, a Senior Interest Coverage Ratio of not less than 2.75 to 1.0.

• The Parent shall maintain at the end of each Rolling Period (a) for the Rolling Periods ending on September 30, 1998 through September 30, 1999 a Senior Interest Coverage Ratio of not less than 2.5 to 1.0, (b) for the Rolling Period ending December 31, 1999 through December 31, 2001 a Senior Interest Coverage Ratio of not less than 2.75 to 1.0 and (c) for each Rolling Period thereafter a Senior Interest Coverage Ratio of not less than 3.25 to 1.

• The Senior Interest Coverage Ratio, the Class C Interest Coverage Ratio, the Class D Interest Coverage Ratio and the Class E Interest Coverage Ratio.

• The Parent shall maintain at the end of each Rolling Period (a) for the Rolling Period ending on June 30, 2002, a Senior Interest Coverage Ratio of not less than 2.75 to 1.00, (b) for any Rolling Period ending on September 30, 2002, a Senior Interest Coverage Ratio of not less than 3.00 to 1.00 and (c) for any Rolling Period thereafter, a Senior Interest Coverage Ratio of not less than 3.50 to 1.00.

• Senior Interest Coverage Ratio is defined as Consolidated EBITDA divided by Consolidated Senior Interest Expense.

More Definitions of Senior Interest Coverage Ratio

Senior Interest Coverage Ratio means, on any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Interest Coverage Amount by (b) the aggregate of the scheduled interest payments payable on the Class A Notes on the following Payment Date.

Senior Interest Coverage Ratio means, with respect to any Person for any period, the ratio of EBITDA to Senior Interest Expense.

Senior Interest Coverage Ratio means, as of the end of any Rolling Period, a ratio of (a) Parent's EBITDA for the Rolling Period to (b) Parent's Senior Interest Expense for such Rolling Period.

Senior Interest Coverage Ratio means the ratio (expressed as a percentage) obtained by dividing:

Senior Interest Coverage Ratio means with respect to Borrower for any period of measurement (a) the total of (i) Borrower's net income after income taxes (exclusive of any gain or loss in such period from an asset disposition other than Inventory in the ordinary course of business and excluding other extraordinary gains and losses) for such period, plus (ii) Borrower's amortization, depreciation and other non-cash charges (excluding Accounts reserves, Inventory reserves and other reserves incurred in the ordinary course of business) for such period ("EBITDA"), divided by (b) interest expense paid or accrued on Funded Debt for such period ("Funded Debt Interest Expense").

Senior Interest Coverage Ratio means with respect to the Company and its Subsidiaries on a consolidated basis for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Senior Interest Expense for such period, with such adjustments to the amount of Consolidated EBITDA and Senior Interest Expense as are consistent with the adjustment provisions set forth in the definition of “Fixed Charge Coverage Ratio.”

Senior Interest Coverage Ratio means, as of any Measurement Date, the percentage obtained by dividing: