Coverage Ratio Sample Clauses

Coverage Ratio. The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.
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Coverage Ratio. Notwithstanding anything to the contrary in this Agreement, upon a Coverage Event, Lender shall have the option, exercised in Lender’s sole and absolute discretion, to (A) request the pledge by Borrower, which request Borrower may refuse, in favor of Lender of additional assets as Pledged Collateral (whether in the form of a pledge of additional shares of Xxxxxx common stock or a pledge of other assets satisfactory to Lender) with an aggregate value (as determined in good faith by Lender) at least sufficient to cause the Coverage Ratio, after giving effect to such pledge of additional assets, to be greater than 1.50 to 1.00, such pledge to be effected no later than five (5) Business Days after Borrower’s receipt of such request, or (B) sell all or a portion of the Pledged Interests in an amount sufficient to generate cash collateral which, when added to the aggregate value (as determined in good faith by Lender) of all other cash, cash equivalents or other investment property then maintained in the Cash Collateral Account, is not less than the Adjusted Aggregate Loan Exposure at such time.
Coverage Ratio. The Borrower shall not permit the Coverage Ratio at -------------- the end of any fiscal quarter of the Borrower to be less than 2.00 to 1.00.
Coverage Ratio. Maintain, with respect to each twelve month period ending on the last day of each fiscal quarter of the Borrower (determined as of the last day of such fiscal quarter), a Coverage Ratio of at least 2.0 to 1.0.
Coverage Ratio. 65 SECTION 6.11.
Coverage Ratio. Tenant shall maintain for each fiscal quarter a Coverage Ratio with respect to the Facility of not less than 1.25 to 1.00.
Coverage Ratio. The Borrower will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2012, a Coverage Ratio of not less than 1.75 to 1.
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Coverage Ratio. The Company shall maintain at all times a Coverage Ratio of not less than 1.25 to 1.0. The Company shall have the option to reduce the required Coverage Ratio to 0.80 to 1.0 for two consecutive fiscal quarters by written notice to the Banks. If such notice is given, the Company shall be irrevocably obligated to pay to each Bank a quarterly fee equal to 0.25% of such Bank’s Commitment for each quarter (with the amount of such Commitment being determined on an average basis if such Commitment has changed during such quarter), payable on each date on which financial statements for the two relevant fiscal quarters are required to be delivered; provided that (i) such option may be exercised no more than once between the Effective Date and the Termination Date and (ii) such fee shall be payable in respect of any quarter only if the Coverage Ratio for such quarter is less than 1.25 to 1.0.
Coverage Ratio. As of the end of each fiscal quarter, the Borrower shall not permit the ratio of Cash Flow for the four (4) fiscal quarters then ending to Interest Expenses for such period to be less than 3.00 to 1.00. As used herein the following terms have the following meanings:
Coverage Ratio. Consolidated Adjusted Pre-Tax Income* $ (1) Aircraft Rentals* $ (2) Net Interest Expense* $ (3) Depreciation and amortization* $ (4) Cash dividends paid* $ (5) Sum of lines (1), (2), (3), and (4), minus line (5) $ (6) Net Interest Expense* $ (7) Aircraft Rentals* $ (8) Sum of lines (7) and (8) $ (9) Ratio of line (6) to line (9) _____ to _____ Minimum Ratio [1.25 to 1.00][.80 to 1.00]7 * For four fiscal quarter period ending on last day of Subject Period.
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