Common use of EBIT Ratio Clause in Contracts

EBIT Ratio. In the case of the Borrower, as of the last day of any fiscal quarter of the Borrower, permit the ratio of (a) Earnings before Interest and Taxes for the period of 12 consecutive months prior to such day to (b) Consolidated Interest Expense for such period of 12 consecutive months to be less than the greater of (i) 2.50 to 1.00 and (ii) any more restrictive ratio that corresponds to the percentage set forth in Section 8.8 (or any analogous provision) of the Note Purchase Agreement (it being under stood that, for example, 3.00 to 1.00 corresponds to 300%).

EBIT Ratio. In the case of the Borrower, as of the last day of any fiscal quarter of the Borrower, permit the ratio of (a) Earnings before Interest and Taxes for the any period of 12 consecutive months prior to such day to (b) Consolidated Interest Expense for such any period of 12 consecutive months to be less than the greater of (i) 2.50 2.5 to 1.00 1 and (ii) any more restrictive ratio that corresponds to the percentage set forth in Section 8.8 (or any analogous provision) of the Note Purchase Agreement (it being under stood understood that, for example, 3.00 3.0 to 1.00 1 corresponds to 300%).