Common use of Interest Expense Coverage Clause in Contracts

Interest Expense Coverage. As at the last day of each fiscal quarter of the Borrower, permit the ratio of (i) EBITDA for the four fiscal quarter period ending on such date to (ii) Consolidated Interest Expense for the four fiscal quarter period ending on such date, to be less than (A) 1.50 to 1.00 for the fiscal quarter ending in March 1999 or (B) 2.50 to 1.00 for the fiscal quarter ending in June 1999 or (C) 3.00 to 1.00 for the fiscal quarter ending in September 1999 or (D) 3.50 to 1.00 for any fiscal quarter ending after September 1999.

Interest Expense Coverage. As at the last day of each fiscal quarter of the Borrower, commencing on June 30, 1997, permit the ratio of (i) EBITDA for the four fiscal quarter period ending on EBIT as of such date to (ii) Consolidated Interest Expense for the four fiscal quarter period quarters ending on such date, to be less than (A) 1.50 to 1.00 for the fiscal quarter ending in March 1999 or (B) 2.50 to 1.00 for the fiscal quarter ending in June 1999 or (C) 3.00 to 1.00 for the fiscal quarter ending in September 1999 or (D) 3.50 to 1.00 for any fiscal quarter ending after September 19992.0:1.0.