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Coverage
Coverage contract clause examples

Interest Coverage Ratio. The Borrower will not permit at any time the Interest Coverage Ratio to be less than 3.00 to 1.00.

SECTION #Interest Coverage Ratio. The Borrower will maintain, as of the end of each Fiscal Quarter, an Interest Coverage Ratio of not less than 2.00:1.00.

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.

SECTION #Interest Coverage Ratio. The Borrower will maintain, as of the end of each Fiscal Quarter, an Interest Coverage Ratio of not less than 2.00:1.00, determined for the period of the four consecutive preceding Fiscal Quarters ending on the date of determination.

“(b) Interest Coverage Ratio. Borrower shall not permit the Interest Coverage Ratio as of the last day of any Test Period to be less than 2.00 to 1.00.”

Interest Coverage Ratio. Commencing with the fiscal quarter ending on June 30, 2021, the Loan Parties will not permit the Interest Coverage Ratio, determined for the Reference Period ending on the last day of each fiscal quarter, to be less than 3.50 to 1.00.

Section # Minimum Interest Coverage Ratio. Commencing with and including its fiscal quarter ending June 30, 2023, the Borrower will not permit the Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower for the four fiscal quarter period then ended to be less than 3.5 to 1.0.

Senior Coverage Ratio. The Borrower will not permit the Senior Coverage Ratio to be less than 2.00 to 1.00 at any time.

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