Common use of Interest Expense Coverage Ratio Clause in Contracts

Interest Expense Coverage Ratio. As of the last day of any fiscal quarter, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the previous four consecutive fiscal quarters then ended to be less than 3.25 to 1.0.

Appears in 2 contracts

Samples: Credit Agreement (Afc Enterprises Inc), Credit Agreement (Afc Enterprises Inc)

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Interest Expense Coverage Ratio. As of At the last day of any fiscal quarterFiscal Quarter ending during any period set forth below, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for the previous any period of four consecutive fiscal quarters then ended Fiscal Quarters (subject to Section 6.15) ending on such date, to be less than 3.25 to 1.0.the ratio set forth below opposite such period: Period Ratio September 30, 2002 - March 30, 2003 2.00:1.00 March 31, 2003 and thereafter 2.50:1.00

Appears in 2 contracts

Samples: Credit Agreement (United States Steel Corp), Credit Agreement (United States Steel Corp)

Interest Expense Coverage Ratio. As The Borrower will not permit the ratio as of the last day of any fiscal quarter, the Borrower will not permit the ratio quarter of (a) Consolidated EBITDA minus Capital Expenditures to (b) Consolidated Cash Interest Expense, in each case Expense for the previous period of four consecutive fiscal quarters then ended ending to be less than 3.25 2.50 to 1.01.00.

Appears in 1 contract

Samples: Credit Agreement (Cephalon Inc)

Interest Expense Coverage Ratio. As of the last day of any fiscal quarter, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the previous four consecutive fiscal quarters then ended to be less than 3.25 to 1.03.0:1.0.

Appears in 1 contract

Samples: Credit Agreement (Afc Enterprises Inc)

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Interest Expense Coverage Ratio. As Holdings will not permit the ratio as of the last day of any fiscal quarter, the Borrower will not permit the ratio quarter during any period set forth below of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the previous period of four consecutive fiscal quarters then ended ending on the last day of such fiscal quarter to be less than 3.25 the ratio set forth below opposite such period: Period Ratio ------ ----- April 1, 2002 to 1.0.December 31, 2002 2:00 : 1.00 January 1, 2003 to December 31, 2003 2.25 : 1.00 January 1, 2004 and thereafter 2.50 : 1.00

Appears in 1 contract

Samples: Credit Agreement (Kansas City Southern)

Interest Expense Coverage Ratio. As of the last day of any fiscal quarter, the Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense, in each case for as of the previous four consecutive last day of any fiscal quarters then ended quarter during any period set forth below, to be less than 3.25 the ratio set forth below opposite such period: Period Ratio Effective Date to 1.0.September 28, 2001 1.35 to 1.00 September 29, 2001 to September 27, 2002 1.75 to 1.00 September 28, 2002 to Maturity Date 2.00 to 1.00

Appears in 1 contract

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

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