Example ContractsClausesBorrower’s Minimum Interest Coverage Ratio
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Borrower’s Interest Coverage Ratio on the Date ​ greater than or equal to 1.25 to 1.0, the minimum Interest Coverage Ratio permitted to be maintained by Borrower pursuant to [Section 6.1(r)] of the Loan Agreement.

Minimum Interest Coverage Ratio. will not permit the ratio, determined as of the end of each of its Fiscal Quarters, of # Consolidated EBITDA to # Consolidated Interest Expense, in each case for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter, to be less than 2.50 to 1.00.

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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 Interest Coverage Ratio. As of the end of each fiscal quarter of the Borrower (commencing with the first full fiscal quarter after the Closing Date), permit the Interest Coverage Ratio to be less than 3.00:1.00.

Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

Interest Coverage Ratio. will not permit the Interest Coverage Ratio as of the last Business Day of any fiscal quarter to be less than 1.25.

Consolidated Unencumbered Interest Coverage Ratio. Permit the Consolidated Unencumbered Interest Coverage Ratio (as calculated as of the end of each calendar quarter of the based on the information provided pursuant to [Section 6.01]) to be less than 1.75 to 1.00.

A Minimum Debt Service Coverage Ratio (“DSCR”) of greater than or equal to 1.15:1 tested annually. Debt Service Coverage Ratio is defined as: # The sum of # the Borrower’s net income, plus # interest expense and credit fees, plus # all non-cash negative adjustments to net income, minus # all positive non-cash adjustments to net income; by # the sum of # prior year’s current maturities of long term debt, including capital lease payments, plus # interest expense and credit fees.

Borrower’s Availability on the Date ​ greater than or equal to , as required pursuant to [Section 6.1(s)] of the Loan Agreement.

6A(6).Minimum Unencumbered Interest Coverage Ratio. The ratio of Unencumbered EBITDA to Unencumbered Interest Expense to be less than 1.75 to 1.00 at the end of any fiscal quarter.

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