Common use of Interest Expense Coverage Ratio Clause in Contracts

Interest Expense Coverage Ratio. The Company will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its Subsidiaries, in each case for any period of four consecutive fiscal quarters ending on any date set forth below, to be less than the ratio set forth below opposite such date: Date Ratio December 31, 2005 2.50 to 1.00 March 31, 2006 2.50 to 1.00 June 30, 2006 2.50 to 1.00 September 30, 2006 2.75 to 1.00 December 31, 2006 2.75 to 1.00 March 31, 2007 2.75 to 1.00 June 30, 2007 2.75 to 1.00 September 30, 2007 2.75 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 3.00 to 1.00 June 30, 2008 3.00 to 1.00 September 30, 2008 3.00 to 1.00 December 31, 2008 3.00 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 to 1.00

Appears in 4 contracts

Samples: Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.)

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Interest Expense Coverage Ratio. The Company Holdings and the Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Adjusted Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date the last day of a fiscal quarter set forth below, to be less than the ratio set forth below opposite such date: Date Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2003 1.60 to 1.00 June 30, 2003 1.60 to 1.00 September 30, 2003 1.60 to 1.00 December 31, 2003 1.60 to 1.00 March 31, 2004 1.60 to 1.00 June 30, 2004 1.65 to 1.00 September 30, 2004 1.65 to 1.00 December 31, 2004 1.70 to 1.00 March 31, 2005 1.70 to 1.00 June 30, 2005 1.70 to 1.00 September 30, 2005 1.70 to 1.00 December 31, 2005 2.50 1.75 to 1.00 March 31, 2006 2.50 1.75 to 1.00 June 30, 2006 2.50 1.75 to 1.00 September 30, 2006 2.75 1.75 to 1.00 December 31, 2006 2.75 2.00 to 1.00 March 31, 2007 2.75 2.00 to 1.00 June 30, 2007 2.75 2.00 to 1.00 September 30, 2007 2.75 2.00 to 1.00 December 31, 2007 2.75 2.25 to 1.00 March 31, 2008 3.00 2.25 to 1.00 June 30, 2008 3.00 2.25 to 1.00 September 30, 2008 3.00 2.25 to 1.00 December 31, 2008 3.00 2.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.25 to 1.00

Appears in 2 contracts

Samples: Credit Agreement (Dex Media East LLC), Credit Agreement (Dex Media Inc)

Interest Expense Coverage Ratio. The Company Holdings and the Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Adjusted Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date the last day of a fiscal quarter set forth below, to be less than the ratio set forth below opposite such date: Date Fiscal Quarter Ended Ratio March 31, 2003 1.60 to 1.00 June 30, 2003 1.60 to 1.00 September 30, 2003 1.60 to 1.00 December 31, 2003 1.60 to 1.00 March 31, 2004 1.60 to 1.00 June 30, 2004 1.65 to 1.00 September 30, 2004 1.65 to 1.00 December 31, 2004 1.70 to 1.00 March 31, 2005 1.70 to 1.00 June 30, 2005 1.70 to 1.00 September 30, 2005 1.70 to 1.00 December 31, 2005 2.50 1.75 to 1.00 March 31, 2006 2.50 1.75 to 1.00 June 30, 2006 2.50 1.75 to 1.00 September 30, 2006 2.75 1.75 to 1.00 December 31, 2006 2.75 2.00 to 1.00 March 31, 2007 2.75 2.00 to 1.00 June 30, 2007 2.75 2.00 to 1.00 September 30, 2007 2.75 2.00 to 1.00 December 31, 2007 2.75 2.25 to 1.00 March 31, 2008 3.00 2.25 to 1.00 June 30, 2008 3.00 2.25 to 1.00 September 30, 2008 3.00 2.25 to 1.00 December 31, 2008 3.00 2.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dex Media East LLC)

Interest Expense Coverage Ratio. The Company Holdings and the Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Adjusted Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date the last day of a fiscal quarter set forth below, to be less than the ratio set forth below opposite such date: Date Ratio FISCAL QUARTER ENDED RATIO March 31, 2003 1.60 to 1.00 June 30, 2003 1.60 to 1.00 September 30, 2003 1.60 to 1.00 December 31, 2003 1.60 to 1.00 March 31, 2004 1.60 to 1.00 June 30, 2004 1.65 to 1.00 September 30, 2004 1.65 to 1.00 December 31, 2004 1.70 to 1.00 March 31, 2005 1.70 to 1.00 June 30, 2005 1.70 to 1.00 September 30, 2005 1.70 to 1.00 December 31, 2005 2.50 1.75 to 1.00 March 31, 2006 2.50 1.75 to 1.00 June 30, 2006 2.50 1.75 to 1.00 September 30, 2006 2.75 1.75 to 1.00 December 31, 2006 2.75 2.00 to 1.00 March 31, 2007 2.75 2.00 to 1.00 June 30, 2007 2.75 2.00 to 1.00 September 30, 2007 2.75 2.00 to 1.00 December 31, 2007 2.75 2.25 to 1.00 March 31, 2008 3.00 2.25 to 1.00 June 30, 2008 3.00 2.25 to 1.00 September 30, 2008 3.00 2.25 to 1.00 December 31, 2008 3.00 2.25 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 2.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Dex Media International Inc)

Interest Expense Coverage Ratio. The Company Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for on the last day of any period of four consecutive fiscal quarters ending on or about any date set forth below, to be less than the ratio set forth below opposite such dateperiod: Date Ratio December 31, 2005 2.50 to 1.00 March 31, 2006 2.50 to 1.00 June 30, 2006 2.50 to 1.00 PERIOD RATIO ------ ----- September 3029, 2006 2.75 to 1.00 December 3129, 2006 2.75 to 1.00 March 3130, 2007 2.75 to 1.00 June 3029, 2007 2.75 to 1.00 September 3028, 2007 2.75 to 1.00 December 3128, 2007 2.75 3.00 to 1.00 March 3128, 2008 3.00 to 1.00 June 3027, 2008 3.00 to 1.00 September 3026, 2008 3.00 to 1.00 December 3126, 2008 3.00 to 1.00 March 3127, 2009 3.25 3.00 to 1.00 June 3026, 2009 3.25 3.00 to 1.00 September 3025, 2009 3.25 3.00 to 1.00 December 3125, 2009 3.25 3.00 to 1.00 March 3126, 2010 3.25 3.00 to 1.00 June 3025, 2010 3.25 3.00 to 1.00 September 3024, 2010 3.25 3.00 to 1.00 December 31, 2010 3.25 3.00 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 Thereafter 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Interline Brands, Inc./De)

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Interest Expense Coverage Ratio. The Company Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for any period of four consecutive fiscal quarters ending on any date during any period set forth below, to be less than the ratio set forth below opposite such dateperiod: Date Period Ratio December 31, 2004 2.00 to 1.00 March 31, 2005 2.50 2.00 to 1.00 June 30, 2005 2.00 to 1.00 September 30, 2005 2.00 to 1.00 December 31, 2005 2.00 to 1.00 March 31, 2006 2.50 2.00 to 1.00 June 30, 2006 2.50 2.05 to 1.00 September 30, 2006 2.75 2.10 to 1.00 December 31, 2006 2.15 to 1.00 March 31, 2007 2.15 to 1.00 June 30, 2007 2.20 to 1.00 September 30, 2007 2.25 to 1.00 December 31, 2007 2.30 to 1.00 March 31, 2008 2.30 to 1.00 June 30, 2008 2.35 to 1.00 September 30, 2008 2.40 to 1.00 December 31, 2008 2.45 to 1.00 March 31, 2009 2.45 to 1.00 June 30, 2009 2.55 to 1.00 September 30, 2009 2.70 to 1.00 December 31, 2009 2.75 to 1.00 March 31, 2007 2010 2.75 to 1.00 June 30, 2007 2.75 2010 2.85 to 1.00 September 30, 2007 2.75 2010 2.95 to 1.00 December 31, 2007 2.75 2010 3.00 to 1.00 March 31, 2008 2011 3.00 to 1.00 June 30, 2008 2011 3.00 to 1.00 September 30, 2008 2011 3.00 to 1.00 December 31, 2008 3.00 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 to 1.00

Appears in 1 contract

Samples: Credit Agreement (St. Louis Pharmaceutical Services, LLC)

Interest Expense Coverage Ratio. The Company Borrower will not permit the ratio (the "Interest Expense Coverage Ratio") of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company Holdings and its Subsidiariessubsidiaries, in each case for any period of four consecutive fiscal quarters ending on any date set forth below, to be less than the ratio set forth below opposite such date: Date Ratio ------------------ ------------ March 31, 2005 1.75 to 1.00 June 30, 2005 1.75 to 1.00 September 30, 2005 1.75 to 1.00 December 31, 2005 2.00 to 1.00 -74- Date Ratio ------------------ ------------ March 31, 2006 2.00 to 1.00 June 30, 2006 2.00 to 1.00 September 30, 2006 2.00 to 1.00 December 31, 2006 2.00 to 1.00 March 31, 2007 2.25 to 1.00 June 30, 2007 2.25 to 1.00 September 30, 2007 2.25 to 1.00 December 31, 2007 2.25 to 1.00 March 31, 2008 2.50 to 1.00 June 30, 2008 2.50 to 1.00 September 30, 2008 2.50 to 1.00 December 31, 2008 2.50 to 1.00 March 31, 2006 2.50 2009 2.75 to 1.00 June 30, 2006 2.50 2009 2.75 to 1.00 September 30, 2006 2009 2.75 to 1.00 December 31, 2006 2009 2.75 to 1.00 March 31, 2007 2.75 to 1.00 June 30, 2007 2.75 to 1.00 September 30, 2007 2.75 to 1.00 December 31, 2007 2.75 to 1.00 March 31, 2008 2010 3.00 to 1.00 June 30, 2008 2010 3.00 to 1.00 September 30, 2008 2010 3.00 to 1.00 December 31, 2008 2010 3.00 to 1.00 March 31, 2009 3.25 to 1.00 June 30, 2009 3.25 to 1.00 September 30, 2009 3.25 to 1.00 December 31, 2009 3.25 to 1.00 March 31, 2010 3.25 to 1.00 June 30, 2010 3.25 to 1.00 September 30, 2010 3.25 to 1.00 December 31, 2010 3.25 to 1.00 March 31, 2011 3.25 3.00 to 1.00 June 30, 2011 3.25 3.00 to 1.00 September 30, 2011 3.00 to 1.00 December 31, 2011 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Select Specialty Hospital Topeka Inc)

Interest Expense Coverage Ratio. The Company Borrower will not permit the ratio (the “Interest Expense Coverage Ratio”) of (a) Consolidated EBITDA (as defined in the Credit Agreement) to (b) cash interest expense of the Company and its SubsidiariesConsolidated Cash Interest Expense, in each case for on the last day of any period of four consecutive fiscal quarters ending on or about any date set forth below, to be less than the ratio set forth below opposite such dateperiod: Date Period Ratio December 31, 2005 2.50 to 1.00 March 31, 2006 2.50 to 1.00 June 30, 2006 2.50 to 1.00 September 3029, 2006 2.75 to 1.00 December 3129, 2006 2.75 to 1.00 March 3130, 2007 2.75 to 1.00 June 3029, 2007 2.75 to 1.00 September 3028, 2007 2.75 to 1.00 December 3128, 2007 2.75 3.00 to 1.00 March 3128, 2008 3.00 to 1.00 June 3027, 2008 3.00 to 1.00 September 3026, 2008 3.00 to 1.00 December 3126, 2008 3.00 to 1.00 March 3127, 2009 3.25 3.00 to 1.00 June 3026, 2009 3.25 3.00 to 1.00 September 3025, 2009 3.25 3.00 to 1.00 December 3125, 2009 3.25 3.00 to 1.00 March 3126, 2010 3.25 3.00 to 1.00 June 3025, 2010 3.25 3.00 to 1.00 September 3024, 2010 3.25 3.00 to 1.00 December 31, 2010 3.25 3.00 to 1.00 March 31, 2011 3.25 to 1.00 June 30, 2011 3.25 Thereafter 3.00 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Interline Brands, Inc./De)

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