Minimum Interest Coverage Ratio. The Loan Parties will not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 to 1.00.
Appears in 7 contracts
Sources: Credit Agreement (Triton International LTD), Term Loan Agreement (Triton International LTD), Credit Agreement (Triton International LTD)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter consolidated interest expense for the period of the most recent six four (64) consecutive fiscal quarters then endingended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarter, to be less than 1.25 4.0 to 1.001.0.
Appears in 7 contracts
Sources: Revolving Credit Facility (Federated Hermes, Inc.), Revolving Credit Facility (Federated Investors Inc /Pa/), Credit Agreement (Federated Investors Inc /Pa/)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in Expense for each case, determined on period of four consecutive fiscal quarters (calculated as at the last day end of each fiscal quarter for the period of the most recent six (6) four consecutive fiscal quarters then ending, ended) to be less than 1.25 1.75 to 1.00.
Appears in 6 contracts
Sources: Credit Agreement (Stepan Co), Credit Agreement (Stepan Co), Term Credit Agreement (Stepan Co)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2015, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 3.50 to 1.00.
Appears in 5 contracts
Sources: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Ugi Corp /Pa/)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2014, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 1.25 2.50 to 1.00.
Appears in 5 contracts
Sources: Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Parent and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.00.
Appears in 4 contracts
Sources: Revolving Credit Facility (Stoneridge Inc), Credit Agreement (Stoneridge Inc), Credit Agreement (Stoneridge Inc)
Minimum Interest Coverage Ratio. The Loan Parties will As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBIT EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Expense, in each case, determined on the last day of each fiscal quarter Charges for the such period of the most recent six (6) consecutive fiscal quarters then ending, to be less than 1.25 3.00 to 1.00.
Appears in 4 contracts
Sources: Specified Acquisition Loan Joinder (Casella Waste Systems Inc), Credit Agreement (Casella Waste Systems Inc), Credit Agreement (Casella Waste Systems Inc)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”) as of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined on the last day of each any fiscal quarter of (i) Consolidated EBIT for the period of the most recent six (6) four consecutive fiscal quarters of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 3.25 to 1.00.
Appears in 4 contracts
Sources: Credit Agreement (Deluxe Corp), Credit Agreement (Deluxe Corp), Credit Agreement (Deluxe Corp)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Parent and its Restricted Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended, to be less than 1.25 2.5 to 1.001.0.
Appears in 3 contracts
Sources: Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P), Revolving Credit Facility (Penn Virginia Resource Partners L P)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2019, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 1.25 2.50 to 1.00.
Appears in 3 contracts
Sources: Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc), Credit Agreement (Eagle Materials Inc)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio ratio, determined as of the end of each of its fiscal quarters ending on and after December 31, 2018, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 4.00 to 1.00.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Brown & Brown, Inc.), Asset Purchase Agreement
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio ratio, determined as of the end of each of its fiscal quarters ending on and after March 4, 2006 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter all calculated for the period of the most recent six (6) consecutive fiscal quarters then endingBorrower and its Subsidiaries on a consolidated basis, to be less than 1.25 2.5 to 1.001.0.
Appears in 2 contracts
Sources: Loan Agreement (Fuller H B Co), Loan Agreement (Fuller H B Co)
Minimum Interest Coverage Ratio. The Loan Parties will not permit the ratio of EBITDA of the Borrower and its Subsidiaries (aon a consolidated basis) Consolidated EBIT to (b) Consolidated cash Interest Expense, in each caseExpense on the last day of any fiscal quarter, determined for any period of four consecutive fiscal quarters ending on the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters then endingquarter, to be less than 1.25 the ratio of 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Biovail Corp International), Credit Agreement (Biovail Corp International)
Minimum Interest Coverage Ratio. The Loan Parties will not Not permit the ratio of (ai) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined for any period of four consecutive fiscal quarters of the Borrower ending on the last day of each a fiscal quarter for the period to (ii) consolidated interest expense of the most recent six (6) consecutive fiscal quarters then ending, Borrower and its Subsidiaries for such period to be less than 1.25 (a) 1.75 to 1.001.0 for the fiscal quarter ending December 31, 2002 and (b) 2.0 to 1.0 thereafter.
Appears in 1 contract
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDAE to (b) Consolidated Interest Expenseconsolidated interest expense payable during such period of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended (or, if such date of determination is not a fiscal quarter end, most recently ended), to be less than 1.25 3.00 to 1.00.
Appears in 1 contract
Sources: Revolving Credit Facility (Advanced Drainage Systems, Inc.)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”) as of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined on the last day of each any fiscal quarter of (i) Consolidated EBIT for the period of the most recent six (6) four consecutive fiscal quarters of the Borrower then ending to (ii) Consolidated Interest Expense for the period of four consecutive fiscal quarters of the Borrower then ending, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 3.00 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (Deluxe Corp)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expense, in each case, determined on consolidated interest expense of the last day Borrowers calculated as of the end of each fiscal quarter for the period of the most recent six (6) consecutive four fiscal quarters then endingended, to be less than 1.25 2.5 to 1.00.1.0
Appears in 1 contract
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Cash Interest Expense, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.50 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (Pegasystems Inc)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (ax) Consolidated EBIT EBITDA to (by) Consolidated Interest Expense, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 to 1.004.0-to-1.0.
Appears in 1 contract
Sources: Senior Multi Currency Revolving Credit Facility (Viasys Healthcare Inc)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio ratio, determined as of the end of each of its fiscal quarters ending on and after June 30, 2020, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 2.50 to 1.00.
Appears in 1 contract
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters Test Period then endingended, to be less than 1.25 3.002.00 to 1.00.
Appears in 1 contract
Sources: Credit Agreement and Security Agreement (Paylocity Holding Corp)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2006, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter Expense for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 3.0 to 1.001.0.
Appears in 1 contract
Sources: Credit Agreement (Arbitron Inc)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Cash Interest ExpenseExpense of the Parent and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.00 to 1.001.0.
Appears in 1 contract
Sources: Credit Agreement (Om Group Inc)
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio ratio, determined as of the end of each of its fiscal quarters ending on and after December 31, 2004 for the period of 4 consecutive fiscal quarters ending with the end of such fiscal quarter, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter all calculated for the period of the most recent six (6) consecutive fiscal quarters then endingBorrower and its Subsidiaries on a consolidated basis, to be less than 1.25 4.0 to 1.001.0.
Appears in 1 contract
Minimum Interest Coverage Ratio. The Loan Parties Borrower will not permit the ratio (the “Interest Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after December 31, 2012, of (ai) Consolidated EBIT EBITDA to (bii) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter case for the period of the most recent six four (64) consecutive fiscal quarters then endingending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 1.25 4.25 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (Ugi Corp /Pa/)
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT EBITDA to (b) Consolidated Interest ExpenseExpense of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day of each fiscal quarter for the period of the most recent six (6) consecutive fiscal quarters Test Period then endingended, to be less than 1.25 3.00 to 1.00.
Appears in 1 contract
Minimum Interest Coverage Ratio. The Loan Parties will shall not permit the ratio of (a) Consolidated EBIT to (b) Consolidated Interest Expenseconsolidated interest expense of the Borrower and its Subsidiaries, in each case, determined on calculated as of the last day end of each fiscal quarter for the period of the most recent six four (64) consecutive fiscal quarters then endingended, to be less than 1.25 3.0 to 1.001.0.
Appears in 1 contract