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.
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Company and the Borrower -------------------------------------------- will not, not permit the Consolidated Interest Coverage Ratio 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 Fiscal Quarter occurring during any period of four fiscal quarters ending on such day, set forth below to be less than 3.5 to 1.0.the ratio set forth opposite such period: First and Second 2.50:1.0 Third and Fourth 3.00:1.0 Fifth and Sixth 3.50:1.0 Seventh and thereafter 4.00:1.0
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- Holdings and the Borrowers will not, as of the last day of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending March 31, 2002, not permit the Consolidated Interest Coverage Ratio for any Test Period (taken as one accounting period) ended on the period last day of four a fiscal quarters ending on such day, quarter of the Borrowers described below to be less than 3.5 the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to 1.0.the Last Day In Ratio ------------------ ----- March, 1997 25.50:1.0 June, 1997 6.25:1.0 September, 1997 3.75:1.0 December, 1997 2.70:1.0 March, 1998 2.50:1.0 June, 1998 2.50:1.0 and thereafter
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will not, Permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter Fiscal Quarter ending during or on the last day of the Borrower, commencing with the fiscal quarter ending March 31, 2002, permit the Consolidated Interest Coverage Ratio for the any period of four fiscal quarters ending on such day, identified below to be less than 3.5 to 1.0.the ratio set forth opposite such period below: Closing Date through 09/30/08 1.50:1.00 10/01/08 through 09/30/09 1.75:1.00 10/01/09 and thereafter 2.00:1.00
Appears in 1 contract
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, Company shall not permit the Consolidated Interest Coverage Ratio for as of the period end of four any fiscal quarters ending on such day, quarter to be less than 3.5 the ratio set forth below opposite such fiscal quarter: Minimum Consolidated Four Fiscal Quarters Ending Interest Coverage Ratio --------------------------- ----------------------- June 30, 2005 through March 31, 2007: 2.75 to 1.0.1.00 June 30, 2007 and thereafter: 3.00 to 1.00
Appears in 1 contract
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 31June 30, 20022001, permit the Consolidated Interest Coverage Ratio for the period of four fiscal quarters ending on such day, to be less than 3.5 3.0 to 1.0.
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will not, as of the last day of any fiscal quarter of the Borrower, commencing with the first fiscal quarter ending March 31, 2002quarter-end after the Initial Funding Date, permit the Consolidated Interest Coverage Ratio for the period of four fiscal quarters ending on such day, to be less than 3.5 (i) 2.75 to 1.01.0 for the four-quarter periods ending on or before September 30, 2006 and (ii) 3.00 to 1.0 for the four-quarter periods ending on December 31, 2006 and at the end of each fiscal quarter thereafter.
Appears in 1 contract
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 December 31, 20021997, permit the Consolidated Interest Coverage Ratio for the period of four fiscal quarters ending on such day, to be less than 3.5 3.0 to 1.0.
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will notshall not have, as of on the last day of any fiscal quarter of Fiscal Quarter ending during (including the Borrowerlast day of) any period set forth below, commencing with the fiscal quarter ending March 31, 2002, permit the a Consolidated Interest Coverage Ratio for the period of four fiscal quarters Fiscal Quarters ending on such day, to be less than 3.5 the minimum ratio set forth opposite such period: From December 31, 2005 to 1.0.and including June 30, 2007 3.50 to 1 From July 1, 2007 to and including June 30, 2008 3.75 to 1 From July 1, 2008 and Thereafter 4.00 to 1
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will notPermit the Consolidated Interest Coverage Ratio, determined as of the last day of any fiscal quarter of the Borrower, Borrower (commencing with the first fiscal quarter ending March of the Borrower ended after the Restatement Date (i.e., June 30, 2023), but excluding the fiscal quarters of the Borrower ended on each of June 30, 2024, September 30, 2024, and December 31, 2002, permit the Consolidated Interest Coverage Ratio 2024) for the period of four fiscal quarters ending on such dayquarter period then ended, to be less than 3.5 to 1.03.00:1.00.
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will notAt any time, permit the Consolidated Interest Coverage Ratio as of the last day of any four consecutive fiscal quarter period, taken together as one accounting period, 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, Borrower and its Subsidiaries set forth below to be less than 3.5 to 1.0.the ratio set forth below opposite such four fiscal quarter period:
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- Borrowers will not, not permit the Consolidated Interest Coverage Ratio 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 Fiscal Quarter occurring during any period of four fiscal quarters ending on such day, set forth below to be less than 3.5 to 1.0.the ratio set forth opposite such period: From the Closing Date through (and including) the last day of the Fiscal Quarter in which the Substantial Completion Date occurs 1.5:1.0 The first four Fiscal Quarters after the Fiscal Quarter in which the Substantial Completion Date occurs 1.75:1.0 The fifth Fiscal Quarter after the Fiscal Quarter in which the Substantial Completion Date occurs and thereafter 2.0:1.0
Appears in 1 contract
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 31September 30, 20022004, permit the Consolidated Interest Coverage Ratio for the period of four fiscal quarters ending on such day, to be less than 3.5 3.25 to 1.0.
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- will not, not permit the Consolidated Interest Coverage Ratio 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 Fiscal Quarter occurring during any period of four fiscal quarters ending on such day, set forth below to be less than 3.5 to 1.0.the ratio set forth opposite such period: First, Second, Third and Fourth 3.50:1.0 Fifth, Sixth, Seventh and Eighth 3.75:1.0 Ninth and thereafter 4.00:1.0
Appears in 1 contract
Minimum Consolidated Interest Coverage Ratio. The Borrower -------------------------------------------- Borrowers will not, not permit the Consolidated Interest Coverage Ratio 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 Fiscal Quarter occurring during any period of four fiscal quarters ending on such day, set forth below to be less than 3.5 to 1.0.the ratio set forth opposite such period: From the Closing Date through (and including) the last day of the Fiscal Quarter in which the Substantial Completion Date occurs 1.4:1.0 The first Fiscal Quarter after the Fiscal Quarter in which the Substantial Completion Date occurs and thereafter 1.6:1.0
Appears in 1 contract
Sources: Ff&e Facility Credit Agreement (Las Vegas Sands Corp)
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, not permit the Consolidated Interest Coverage Ratio for any Test Period ended on the period last day of four a fiscal quarters ending on such day, quarter of the Borrower set forth below to be less than 3.5 to 1.0.the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio --------------------- ----- December 31, 1996 1.50:1 March 31, 1997 1.50:1 June 30, 1997 1.50:1
Appears in 1 contract