Common use of Maintenance of Financial Covenants Clause in Contracts

Maintenance of Financial Covenants. (i) Operating Income to Interest Expense. Maintain a ratio of Operating Income to Interest Expense of not less than 2.35 to 1.00 for each period of four consecutive fiscal quarters on each quarter-end ending after December 31, 1997.

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh), Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh)

AutoNDA by SimpleDocs

Maintenance of Financial Covenants. (i) Operating Income to Interest Expense. Maintain a ratio of Operating Income to Interest Expense of not less than 2.35 to 1.00 for each period of four consecutive fiscal quarters on each quarter-end ending after December 31, 19971998.

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh), Credit and Reimbursement Agreement (North Atlantic Energy Corp /Nh)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.