Consolidated Interest Expense Coverage Ratio. The Borrower and its Restricted Subsidiaries shall maintain on the last day of each Fiscal Quarter a Consolidated Interest Expense Coverage EBITDA Ratio for the Test Period ending on such day of greater than or equal to 1.75 to 1.00.
Consolidated Interest Expense Coverage Ratio. The Borrower will not permit the Consolidated Interest Expense Coverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to be less than the ratio set forth below opposite such period: Period Ratio December 29, 2002 through July 17, 2004 3.00 to 1.00 July 18, 2004 and thereafter 3.25 to 1.00
Consolidated Interest Expense Coverage Ratio. Permit the Consolidated Interest Expense Coverage Ratio for any four-fiscal-quarter period ending after the date hereof to be less than 3.00 to 1.00.
Consolidated Interest Expense Coverage Ratio. Permit the Consolidated Interest Expense Coverage Ratio for any four-fiscal-quarter period ending on any date set forth below to be less than the ratio set forth below opposite such date. Date Ratio ---- ----- December 31, 1998 1.60 March 31, 1999 1.60 June 30, 1999 1.60 September 30, 1999 1.60 December 31, 1999 1.60 March 31, 2000 1.70 June 30, 2000 1.80 September 30, 2000 1.80 December 31, 2000 1.80 March 31, 2001 2.00 June 30, 2001 2.00 September 30, 2001 2.25 December 31, 2001 2.25 March 31, 2002 2.25 June 30, 2002 2.25 September 30, 2002 2.25 December 31, 2002 2.25 Each quarter end thereafter 2.25
Consolidated Interest Expense Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal 101 96 quarters ending on any date during any period set forth below to be less than the ratio set forth below opposite such period: PERIOD RATIO ------ ----- September 27, 1999 to and including December 31, 1999 1.50 to 1.00 January 1, 2000 to and including June 30, 2000 1.55 to 1.00 July 1, 2000 to and including December 31, 2000 1.65 to 1.00 January 1, 2001 to and including June 30, 2001 1.90 to 1.00 July 1, 2001 to and including March 31, 2002 2.00 to 1.00 April 1, 2002 to and including March 31, 2003 2.25 to 1.00 Thereafter 2.50 to 1.00 For purposes of determining compliance with this Section 6.14, Consolidated Interest Expense for the period of four consecutive fiscal quarters ended (i) September 27, 1999, shall be deemed to be equal to the product of Consolidated Interest Expense for the fiscal quarter then ended multiplied by four, (ii) December 27, 1999, shall be deemed to be equal to the product of Consolidated Interest Expense for the two consecutive fiscal quarters then ended multiplied by two and (iii) March 27, 2000, shall be deemed to be equal to the product of Consolidated Interest Expense for the three consecutive fiscal quarters then ended multiplied by four-thirds.
Consolidated Interest Expense Coverage Ratio. Permit the Consolidated Interest Expense Coverage Ratio for any period of four consecutive fiscal quarters, in each case taken as one accounting period, ending on a date set forth below (excluding any such date occurring prior to the last day of the first full fiscal quarter following the Amendment No. 1 Effective Date) to be less than:
Consolidated Interest Expense Coverage Ratio. As of the end of each -------------------------------------------- fiscal quarter, the Consolidated Interest Expense Coverage Ratio shall be not less than: Fiscal Quarter Ending --------------------- June 30, 2001 2.40:1.00 September 30, 2001 2.40:1.00 December 31, 2001 2.40:1.00 March 31, 2002 2.60:1.00 June 30, 2002 2.60:1.00 September 30, 2002 2.60:1.00 December 31, 2002 2.60:1.00 March 31, 2003 2.80:1.00 June 30, 2003 2.80:1.00 September 30, 2003 2.80:1.00 December 31, 2003 2.80:1.00 March 31, 2004 3.10:1.00 June 30, 2004 3.10:1.00 September 30, 2004 3.10:1.00 December 31, 2004 3.10:1.00 March 31, 2005 3.30:1.00 June 30, 2005 3.30:1.00 September 30, 2005 3.30:1.00 December 31, 2005 3.30:1.00 March 31, 2006 3.60:1.00 June 30, 2006 3.60:1.00 September 30, 2006 3.60:1.00 December 31, 2006 3.60:1.00 March 31, 2007 and thereafter 3.75:1.00
Consolidated Interest Expense Coverage Ratio. Permit the Consolidated Interest Expense Coverage Ratio for any period of four consecutive fiscal quarters ending on the last day of or during any period indicated below to be less than the ratio set forth opposite such period:
Consolidated Interest Expense Coverage Ratio. The Borrower will not permit its ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense (net of interest income), in each case for any period of four consecutive fiscal quarters of the Borrower ending on the last day of any fiscal quarter on any date or during any period referred to below to be less than the ratio set forth below opposite such date or period: Fiscal Quarter Ending: Ratio: ---------------------- ------
Consolidated Interest Expense Coverage Ratio. Catalytica will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense less Consolidated Cash Interest Income (i) for the two-fiscal-quarter period ending March 31, 1998, to be less than 2.50 to 1.00, (ii) for the three-fiscal-quarter period ending June 30, 1998, to be less than 2.75 to 1.00 or (iii) for any four-fiscal-quarter period ending on any date during any period set forth below to be less than the ratio set forth below opposite such period: Period Ratio ------ ----- September 30, 1998 3.00 to 1.00 December 31, 1998 and thereafter 3.50 to 1.00
