Certain Ratios. (a) The Borrower shall not permit the Loan Coverage Ratio to be, as of the last day of each fiscal year of the Borrower, less than 1.20:1.00. (b) The Borrower shall not permit the Consolidated EBITDA to Consolidated Interest Charge Ratio to be less than 2.00:1.00, as of the last day of each fiscal quarter of the Borrower. (c) The Borrower shall not permit the Consolidated Leverage Ratio to be more than 3.00:1.00, as of the last day of each second and last fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending on November 30, 2017. (d) The Borrower shall not permit the Consolidated Current Ratio to be less than 1.1:1.00, as of the last day of each second and last fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending on November 30, 2017. (e) The Borrower shall not permit the Consolidated Solvency Ratio to be less than 20%, as of the last day of any fiscal year of the Borrower. (f) The Borrower shall not permit the Reference Debt Service Coverage Ratio to be less than 1.50:1.00, as of the day immediately preceding any Interest Payment Date. (g) The Borrower shall not permit the Consolidated Total Net Indebtedness as of the last day of the fiscal quarter of the Borrower ending on August 31, 2017 to be greater than the Consolidated Total Net Indebtedness as of the last day of the fiscal quarter of the Borrower ending on May 31, 2017.
Appears in 3 contracts
Sources: Pre Export Credit Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Credit Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Credit Agreement (Canuelas Mill S.A.C.I.F.I.A.)