Example ContractsClausesborrower’s minimum interest coverage ratioVariants
Remove:

Minimum Interest Coverage Ratio. Permit the Interest Coverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter ending , to be less than the ratio set forth below with respect to such fiscal quarter:

Minimum

SECTION # Interest Coverage Ratio. Permit the Interest Coverage Ratio as of the last day of any fiscal quarter,quarter of Holdings, commencing with the fiscal quarter ending on , to be less than the applicable ratio set forth below with respect toopposite such fiscal quarter:quarter below:

Section # Minimum Interest Coverage Ratio. PermitCommencing with and including its fiscal quarter ending , the Company will not permit the Interest Coverage Ratio as of the last dayend of any fiscal quarter, commencing withquarter of the Company for the four fiscal quarter ending ,period then ended to be less than the ratio set forth below with respect3.5 to such fiscal quarter:1.0.

Section # Minimum Interest Coverage Ratio. PermitCommencing with and including its fiscal quarter ending , the Company will not permit the Interest Coverage Ratio as of the last dayend of any fiscal quarter, commencing withquarter of the Company for the four fiscal quarter ending ,period then ended to be less than the ratio set forth below with respect3.5 to such fiscal quarter:1.0.

Minimum

SECTION # Interest Coverage Ratio. Permit the Interest Coverage Ratio to be less than 3.00 to 1.00 as of the last day of any fiscal quarter,quarter of Holdings, commencing with the first fiscal quarter ending after the Effective Date., to be less than the applicable ratio set forth below with respect toopposite such fiscal quarter:quarter below:

Section # Minimum Interest Coverage Ratio. PermitCommencing with and including its fiscal quarter ending , the Company will not permit the Interest Coverage Ratio as of the last dayend of any fiscal quarter, commencing withquarter of the Company for the four fiscal quarter ending ,period then ended to be less than the ratio set forth below with respect3.5 to such fiscal quarter:1.0.

Section # Minimum Interest Coverage Ratio. PermitCommencing with and including its fiscal quarter ending , the Borrower will not permit the Interest Coverage Ratio as of the last dayend of any fiscal quarter, commencing withquarter of the Borrower for the four fiscal quarter ending ,period then ended to be less than the ratio set forth below with respect3.5 to such fiscal quarter:1.0.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.