Minimum Consolidated Interest Coverage Ratio Sample Clauses
The Minimum Consolidated Interest Coverage Ratio clause sets a required threshold for the ratio of a company's earnings to its interest expenses. Typically, this clause mandates that the borrower must maintain a certain level of earnings (often measured as EBITDA or a similar metric) relative to its interest obligations, calculated on a consolidated basis across all relevant entities. For example, a loan agreement might require the borrower to keep this ratio above a specified number, such as 2.0, at all times or at the end of each financial quarter. The core function of this clause is to ensure the borrower maintains sufficient financial health to meet its debt service obligations, thereby protecting lenders from the risk of default due to inadequate earnings.
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Minimum Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio with respect to the Borrower and its Subsidiaries as of the last day of any Measurement Period ending on or after the Closing Date to be less than 2.75:1.00.
Minimum Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00.
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will not, as of the last day of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending March 31, 2002, permit the Consolidated Interest Coverage Ratio for the period of four fiscal quarters ending on such day, to be less than 3.5 to 1.0.
Minimum Consolidated Interest Coverage Ratio. The Credit Parties shall not permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of the Consolidated Parties to be less than 2.50 to 1.0.
Minimum Consolidated Interest Coverage Ratio. For so long as any Lender shall have any Revolving Credit Commitments or Revolving Credit Loans outstanding, permit the Consolidated Interest Coverage Ratio as of the last date of any four-fiscal quarter period of the Borrower ending on the date set forth below to be less than the ratio set forth opposite the last date of such four-fiscal quarter period below: September 30, 2007 2.50:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.50:1.00 March 31, 2009 and thereafter 2.75:1.00
Minimum Consolidated Interest Coverage Ratio. Manitowoc shall not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 30, 2014September 30, 2014December 31, 2014 March 31, 2015June 30, 2015September 30, 2015December 31, 2015March 31, 2016,and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.00
Minimum Consolidated Interest Coverage Ratio. Prior to the Investment Grade Date, permit the Consolidated Interest Coverage Ratio, for the last day of any Test Period to be less than 2.50 to 1.0.
Minimum Consolidated Interest Coverage Ratio. The Servicer will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Servicer set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below:
Minimum Consolidated Interest Coverage Ratio. As of the first day of each calendar quarter for the immediately preceding four consecutive calendar quarters, the ratio of Adjusted EBITDA to Total Interest Expense for such period shall not be less than 2.0 to 1.0.