Common use of Debt Coverage Ratio Clause in Contracts

Debt Coverage Ratio. At the end of any Fiscal Quarter, the ratio of (a) Consolidated Indebtedness to (b) Consolidated EBITDA for the four Fiscal Quarter period ending with such Fiscal Quarter will not be greater than 5.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

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Debt Coverage Ratio. At the end of any Fiscal Quarter, the ratio of (a) Consolidated Funded Indebtedness to (b) Consolidated EBITDA for the four Fiscal Quarter period ending with such Fiscal Quarter will not be greater than 5.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

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Debt Coverage Ratio. At the end of any Fiscal Quarter, the ratio of (a) Consolidated Funded Indebtedness to (b) Consolidated EBITDA for the four Fiscal Quarter period ending with such Fiscal Quarter will not be greater than (i) 6.0 to 1.0 for each such period ending during the period from October 1, 1999 until and including June 30, 2000, (ii) 5.0 to 1.01.0 for each such period ending during the period from July 1, 2000 until and including June 30, 2001, and (iii) 4.0 to 1.0 for each such period ending at any time thereafter.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

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