Covenant Testing. If a Trigger Event occurs then until an End Date occurs thereafter, Borrowers and their Subsidiaries on a consolidated basis shall be required to maintain a Consolidated Fixed Charge Coverage Ratio of at least 1.1 to 1.0, calculated as of the last day of the most recent calendar month for which Borrowers were required to deliver financial statements under the terms of this Agreement, for the Applicable Test Period.
Appears in 2 contracts
Sources: Credit Agreement (Ryerson Inc.), Credit Agreement (J.M. Tull Metals Company, Inc.)
Covenant Testing. If a Trigger Event occurs then until an End Date occurs thereafter, Borrowers and their Subsidiaries on a consolidated basis shall be required to maintain a Consolidated Fixed Charge Coverage Ratio of at least 1.1 1.0 to 1.0, calculated as of the last day of the most recent calendar month for which Borrowers were required to deliver financial statements under the terms of this Agreement, for the Applicable Test Period.
Appears in 1 contract
Covenant Testing. If a Trigger Event occurs and no Cure Period is then until an End Date occurs thereafterin effect, then Borrowers and their Subsidiaries on a consolidated basis shall be required to maintain a Consolidated Fixed Charge Coverage Ratio of at least 1.1 1.10 to 1.0, calculated as of the last day of the most recent calendar fiscal month for which Borrowers were required to deliver financial statements under the terms of this Agreement, for the Applicable Test Period.
Appears in 1 contract
Sources: Credit and Security Agreement (PNA Group Holding CORP)