Common use of Interest Coverage Leverage Clause in Contracts

Interest Coverage Leverage. Grupo Televisa will not at any time, permit the interest coverage (EBITDA to Interest) to be less than 2.50 to 1.00 For the aforementioned financial ratios, EBITDA means, for any period until payment of Aggregate Amount, the sum of the amounts for such period of consolidated operating income of Grupo Televisa and Restricted Subsidiaries (as such term is defined in the Loan Agreement), determined pursuant to Generally Accepted Accounting Principles in Mexico, before depreciation and amortization.

Appears in 1 contract

Sources: Long Term Credit Agreement (Grupo Televisa S A)

Interest Coverage Leverage. Grupo Televisa will not at any time, permit the interest coverage (EBITDA to Interest) to be less than 2.50 1.50 to 1.00 For the aforementioned financial ratios, EBITDA means, for any period until payment of Aggregate Amount, the sum of the amounts for such period of consolidated operating income of Grupo Televisa and Restricted Subsidiaries (as such term is defined in the Loan Agreement), determined pursuant to Generally Accepted Accounting Principles in Mexico, before depreciation and amortization.

Appears in 1 contract

Sources: Long Term Credit Agreement (Grupo Televisa S A)