Common use of Consolidated Interest Expense Coverage Ratio Clause in Contracts

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

Appears in 2 contracts

Samples: Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Auto Parts Inc)

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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: 107 Period Ratio December 29------ ----- Effective Date through October 5, 2002 2.50 to 1.00 October 6, 2002 through July 17, 2004 3.00 2.75 to 1.00 July 18, 2004 and thereafter 3.25 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Western Auto Supply Co/)

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------ ----- Restatement Effective Date through October 5, 2002 2.50 to 1.00 October 6, 2002 through July 17, 2004 3.00 2.75 to 1.00 July 18, 2004 and thereafter 3.25 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Advance Stores Co Inc)

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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 3.50 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Advance Auto Parts Inc)

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