Example ContractsClausesMinimum Interest Coverage Ratio
Minimum Interest Coverage Ratio
Minimum Interest Coverage Ratio contract clause examples

Minimum Interest Coverage Ratio. The Borrower, on a consolidated basis, shall not permit its Consolidated Interest Coverage Ratio, as at the end of any fiscal quarter for the four consecutive fiscal quarters then ended, to fall below 2.00 to 1.00.

Minimum Interest Coverage Ratio. Beginning with the fiscal quarter ending March 31, 2017, the Borrower will not permit the Interest Coverage Ratio, determined as of the end of each of its fiscal quarters in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis to be less than 3.00 to 1.00; provided, however, that for the fiscal quarters ending March 31, 2020, June 30, 2020, September 30, 2020, December 31, 2020, and March 31, 2021, the Borrower shall not be required to comply with the requirements of this [Section 6.10(b)], and shall not be required to deliver any reporting in respect of this covenant.

Minimum Interest Coverage Ratio. The Borrower, on a consolidated basis, shall not permit its Consolidated Interest Coverage Ratio, as at the end of any fiscal quarter for the four consecutive fiscal quarters then ended, to fall below 2.00 to 1.00.

Minimum Interest Coverage Ratio. Permit the Interest Coverage Ratio for any Test Period (commencing with the Test Period ending December 31, 2018) to be less than the corresponding minimum ratio set forth in the column opposite such Test Period in the table below:

The Loan Parties shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter then ended commencing September 30, 2018 and for each fiscal year then ending commencing December 31, 2018, to be less than 2.00 to 1.00.

Minimum Interest Coverage Ratio. The Company will not permit the ratio, determined as of the end of each of its fiscal quarters ending on and after June 30, 2022, of # Consolidated EBITDA to # Consolidated Interest Expense, in each case for the period of four (4) consecutive fiscal quarters then ended, all calculated for the Company and its Subsidiaries on a consolidated basis, to be less than 3.50 to 1.00 (or, following satisfaction of the Note Purchase Amendment Condition, 3.00 to 1.00).

The Borrowers shall not permit the ratio (the "Interest Coverage Ratio") of Consolidated EBITDA to consolidated interest expense of the Company and its Subsidiaries, measured as of the end of each fiscal quarter, for the four (4) fiscal quarters then ended, to be less than 3.50 to 1.0.

Minimum Interest Coverage Ratio. Permit the Interest Coverage Ratio on a Pro Forma Basis on the last day of any fiscal quarter (beginning with the first fiscal quarter ended after the Effective Date) to be less than 1.75 to 1.00.

Minimum Interest Coverage Ratio. The Borrower will not permit the ratio (the “Interest Coverage Ratio”), determined as of the end of each fiscal quarter ending on and after June 30, 2018, 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, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.00 to 1.00.

Minimum Interest Coverage Ratio. As of the end of any fiscal quarter, the Borrower shall not permit its Total Interest Coverage Ratio to be less than 1.50 to 1.00.

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