Common use of Interest Coverage Ratio Clause in Contracts

Interest Coverage Ratio. 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 to 1.0.

Appears in 9 contracts

Samples: Term Loan Agreement (Consumers Energy Co), Credit Agreement (Consumers Energy Co), Term Loan Agreement (Consumers Energy Co)

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Interest Coverage Ratio. Not permit the ratio, determined as As of the end of each any fiscal quarter of its the Borrower, the Borrower will not permit the ratio of (a) EBIT for the four fiscal quarters for the then most-recently ended four fiscal quarters, of ending to (ib) Consolidated EBIT to (ii) Consolidated Total Interest Expense for such period to be less than 2.0 to 1.02.75:1.00.

Appears in 6 contracts

Samples: Credit Agreement (Waste Management Inc), Credit Agreement (Waste Management Inc), Revolving Credit Agreement (Waste Management Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBIT, to (ii) Consolidated Interest Expense Expense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.0 2.5 to 1.01.0 as of the end of any fiscal quarter.

Appears in 5 contracts

Samples: Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp), Credit Agreement (Lancaster Colony Corp)

Interest Coverage Ratio. Not The Borrower 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 3.0 to 1.0.

Appears in 3 contracts

Samples: Three Year Credit Agreement (Coachmen Industries Inc), 364 Day Credit Agreement (Coachmen Industries Inc), Credit Agreement (Kimball International Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-recently ended four (4) fiscal quarters, of (i) Consolidated EBIT to (ii) Consolidated Interest Expense to be less than 2.0 3.50 to 1.01.00.

Appears in 3 contracts

Samples: Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp), Credit Agreement (Plexus Corp)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters (commencing with the fiscal quarter ending September 30, 2012) for the then most-recently ended completed four fiscal quarters, of (i) Consolidated EBIT to (ii) Consolidated Interest Expense Expense, in each case as of the end of such period, to be less than 2.0 to 1.02.00:1.00.

Appears in 3 contracts

Samples: Credit Agreement (Encore Capital Group Inc), Credit Agreement (Encore Capital Group Inc), Credit Agreement (Encore Capital Group Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-recently ended completed four fiscal quarters, of (i) Consolidated EBIT of the Borrower to (ii) Consolidated Interest Expense Expense, in each case as of the end of such period, to be less than 2.0 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Encore Capital Group Inc), Credit Agreement (Encore Capital Group Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 (a) 2.75 to 1.01.0 as of the end of any fiscal quarter ending after the date hereof and prior to December 31, 2003 or (b) 3.00 to 1.0 as of the end of any fiscal quarter thereafter.

Appears in 2 contracts

Samples: Bridge Credit Agreement (Tecumseh Products Co), Year Credit Agreement (Tecumseh Products Co)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-recently ended four (4) fiscal quarters, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Interest Expense Incurred to be less than 2.0 1.5 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Shea Homes Limited Partnership), Credit Agreement (Shea Homes Limited Partnership)

Interest Coverage Ratio. Not The Borrower 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 3.0 to 1.0. 6.18.2.

Appears in 2 contracts

Samples: Credit Agreement (Kimball International Inc), Credit Agreement (Kimball International Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters beginning with the fiscal quarter ended September 30, 2004, of (i) Consolidated EBIT for the then most-recently ended four fiscal quarters, of (i) Consolidated EBIT quarters to (ii) its Consolidated Interest Expense for such four fiscal quarters to be less than 2.0 3.00 to 1.01.00.

Appears in 2 contracts

Samples: Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters (commencing with the fiscal quarter ending December 31, 2016) for the then most-recently ended completed four fiscal quarters, of (i) Consolidated EBIT to (ii) Consolidated Interest Expense Expense, in each case as of the end of such period, to be less than 2.0 to 1.01.75:1.00.

Appears in 2 contracts

Samples: Credit Agreement (Encore Capital Group Inc), Credit Agreement (Encore Capital Group Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 3.5 to 1.0. 6.20.2.

Appears in 2 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 4.00 to 1.01.00 for each fiscal quarter ending on or after June 30, 2010.

Appears in 1 contract

Samples: Credit Agreement (Bio Rad Laboratories Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 4.00 to 1.01.00 for each fiscal quarter ending on or after June 30, 2014.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Bio Rad Laboratories Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratioratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters, of quarters (i) Consolidated EBIT EBITDA to (ii) Consolidated Interest Expense Expense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.0 3.00 to 1.01.

Appears in 1 contract

Samples: Credit Agreement (Res Care Inc /Ky/)

Interest Coverage Ratio. Not (i) The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quartersSeptember 30, 2007, of (iA) Consolidated EBIT EBITDAX for such fiscal quarter multiplied by four (4) to (iiB) Consolidated Interest Expense for such fiscal quarter multiplied by four (4) to be less than 2.0 2.50 to 1.01.00.

Appears in 1 contract

Samples: Counterpart Agreement (Exco Resources Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBIT, to (ii) Consolidated Interest Expense Expense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.0 3.0 to 1.01.0 as of the end of any fiscal quarter.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

Interest Coverage Ratio. Not permit the ratio, determined as As of the end of each any fiscal quarter of its fiscal quarters for ----------------------- BEI, permit the then most-recently ended four fiscal quarters, ratio of (i) Consolidated EBIT EBITDA for the four fiscal quarters then ended minus all Consolidated Capital Expenditures to (ii) Consolidated Interest Expense for such four fiscal quarters to be less than 2.0 2.00 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Bei Technologies Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 3.00 to 1.01.00. 6.18.2.

Appears in 1 contract

Samples: Credit Agreement (Kimball International Inc)

Interest Coverage Ratio. Not permit the ratio, determined as ratio for any period of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters, consecutive Fiscal Quarters of (iA) Consolidated EBIT the sum of (1) EBITDA minus (2) the aggregate amount of all Capital Expenditures incurred in respect of such period to (iiB) Consolidated Cash Interest Expense to be less than 2.0 to 1.02.00:1 at any time.

Appears in 1 contract

Samples: Loan Agreement (Gerdau Usa Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its Borrower's fiscal quarter on a rolling four-quarters for the then most-recently ended four fiscal quartersbasis, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Magnetek Inc)

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Interest Coverage Ratio. Not The Borrower 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 EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 4.00 to 1.01 for each fiscal quarter ending on or after June 30, 2005.

Appears in 1 contract

Samples: Credit Agreement (Bio Rad Laboratories Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-most recently ended four fiscal quarters, of (i) Consolidated EBIT to (ii) Consolidated Interest Expense to be less than 2.0 3.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Kimball International Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBIT, to (ii) Consolidated Interest Expense Expense, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.0 2.5 to 1.01.0 as of the end of any fiscal quarter. 6.17.2.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 4.00 to 1.01 for each fiscal quarter ending on or after September 30, 2003.

Appears in 1 contract

Samples: Credit Agreement (Bio Rad Laboratories Inc)

Interest Coverage Ratio. Not The Borrower will not permit the ratioratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quarters, of (i) Consolidated EBIT EBITDA to (ii) Consolidated Interest Expense Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Consolidated Subsidiaries on a consolidated basis, to be less than 2.0 2.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Eagle Materials Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 4.0 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Gulf Island Fabrication Inc)

Interest Coverage Ratio. Not Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters Fiscal Quarters for the then most-recently ended four fiscal quarters, (4) Fiscal Quarters of (i) Consolidated EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 3.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Henry Jack & Associates Inc)

Interest Coverage Ratio. Not The Lessee will not permit the ratioratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, determined as in each case for any period of the end of each of its fiscal quarters for the then most-recently ended four consecutive fiscal quarters, of (i) Consolidated EBIT to (ii) Consolidated Interest Expense to be less than 2.0 4.0 to 1.0.

Appears in 1 contract

Samples: Participation Agreement (Convergys Corp)

Interest Coverage Ratio. Not The Borrower 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 EBIT EBITDA to (ii) Consolidated Interest Expense to be less than 2.0 5.0 to 1.0. 6.16.2.

Appears in 1 contract

Samples: Credit Agreement (Seitel Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 2.50 to 1.0.

Appears in 1 contract

Samples: Assignment Agreement (Howmet International Inc)

Interest Coverage Ratio. Not The Borrower 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 EBIT Adjusted EBITDA to (ii) cash Consolidated Interest Expense to be less than 2.0 (a) 3.50 to 1.01.00 as of the end of any fiscal quarter of the Company ending on or prior to December 31, 2001 or (b) 4.00 to 1.00 as of the end of any fiscal quarter thereafter.

Appears in 1 contract

Samples: Assignment Agreement (Aetna Industries Inc)

Interest Coverage Ratio. Not permit the ratio, determined as of As at the end of each any fiscal quarter, the Borrowers shall not permit the ratio of its (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters for the then most-recently ended four fiscal quarters, of ending to (ib) Consolidated EBIT to (ii) Consolidated Total Interest Expense for such period to be less than 2.0 to 1.02.75:1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Casella Waste Systems Inc)

Interest Coverage Ratio. Not The Company 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 EBIT to (ii) Consolidated Interest Expense to be less than 2.0 2.5 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Interest Coverage Ratio. Not The Borrower will not permit the ratio, determined as of the end of each of its fiscal quarters for the then most-recently ended four fiscal quartersquarter period ended on such date, of (ia) Consolidated EBIT to (iib) Consolidated Interest Expense to be less than 2.0 2.50 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (WMS Industries Inc /De/)

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