Common use of Minimum Interest Coverage Ratio Clause in Contracts

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarter, to be less than 4.0 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall will not permit the ratio of (a) Consolidated EBITDA EBIT to consolidated interest expense (b) Consolidated Interest Expense, in each case, determined on the last day of each fiscal quarter for the four period of the most recent six (46) consecutive fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterending, to be less than 4.0 1.25 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA EBIT to consolidated interest expense Consolidated Interest Expense for each period of four consecutive fiscal quarters (calculated as at the end of each fiscal quarter for the four (4) consecutive fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarter, ended) to be less than 4.0 1.75 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA to consolidated interest expense for (the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries“Interest Coverage Ratio”), calculated determined as of the end of any each of its fiscal quarters ending on and after December 31, 2014, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 4.0 2.50 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA to consolidated interest expense for (the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries“Interest Coverage Ratio”), calculated determined as of the end of any each of its fiscal quarters ending on and after December 31, 2015, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 4.0 3.50 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of (a) Consolidated EBITDA to consolidated interest expense (b) Consolidated Interest Expense of the Parent and its Subsidiaries, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterended, to be less than 4.0 3.50 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio (the “Interest Coverage Ratio”) as of the last day of any fiscal quarter of (i) Consolidated EBITDA to consolidated interest expense EBIT for the period of four (4) consecutive fiscal quarters of the Borrower then ended 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 Consolidated Subsidiaries, calculated as of the end of any fiscal quarterSubsidiaries on a consolidated basis, to be less than 4.0 3.25 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of As at the end of any fiscal quarter, the Borrowers shall not permit the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters then ending to (b) Consolidated Cash Interest Charges for such period to be less than 4.0 3.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended Consolidated Interest Expense of the Borrower Parent and its Consolidated Restricted Subsidiaries, calculated as of the end of any each fiscal quarterquarter for the four fiscal quarters then ended, to be less than 4.0 2.5 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA to consolidated interest expense for (the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries“Interest Coverage Ratio”), calculated determined as of the end of any each of its fiscal quarters ending on and after December 31, 2019, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis, to be less than 4.0 2.50 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiariesratio, calculated determined as of the end of any each of its fiscal quarters ending on and after December 31, 2018, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 4.0 4.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall will not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of Subsidiaries (on a consolidated basis) to cash Interest Expense on the end last day of any fiscal quarter, determined for any period of four consecutive fiscal quarters ending on the last day of each fiscal quarter, to be less than 4.0 the ratio of 3.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA EBIT to consolidated interest expense of the Borrower and its Subsidiaries, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterended, to be less than 4.0 3.0 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated (x) EBITDA to consolidated interest expense (y) Interest Expense, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterended, to be less than 4.0 to 1.04.0-to-1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended Consolidated Interest Expense of the Borrower and its Consolidated Subsidiaries, calculated as of the end last day of any each fiscal quarterquarter for the Test Period then ended, to be less than 4.0 3.002.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the its ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated calculated, on a pro forma basis (after giving effect to the Transaction and the related financing of the Acquisition), as of the end of any each fiscal quarterquarter for the four fiscal quarters then ended, to be less than 4.0 3.00 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA EBITDAE to consolidated interest expense for the four (4) fiscal quarters then ended payable during such period of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any each fiscal quarterquarter for the four fiscal quarters then ended (or, if such date of determination is not a fiscal quarter end, most recently ended), to be less than 4.0 3.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of (a) Consolidated EBITDA to consolidated interest expense (b) Consolidated Interest Expense of the Parent and its Subsidiaries, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterended, to be less than 4.0 the ratio specified below: Fiscal Quarter Ending Minimum Interest Coverage December 31, 2025 2.50 to 1.0.1.00 March 31, 2026 1.60 to 1.00 June 30, 2026 1.70 to 1.00 September 30, 2026 1.75 to 1.00 December 31, 2026 and thereafter 2.50 to 1.00 14640666v7

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA to consolidated interest expense for (the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries“Interest Coverage Ratio”), calculated determined as of the end of any each of its fiscal quarters ending on and after December 31, 2012, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 4.0 4.25 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended Consolidated Interest Expense of the Borrower Parent and its Consolidated Subsidiaries, calculated as of the end of any each fiscal quarterquarter for the four fiscal quarters then ended, to be less than 4.0 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense Consolidated Cash Interest Expense, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterended, to be less than 4.0 3.50 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not Not permit the ratio of Consolidated EBITDA (i) EBIT for any period of four consecutive fiscal quarters of the Borrower ending on the last day of a fiscal quarter to (ii) consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarter, Subsidiaries for such period to be less than 4.0 (a) 1.75 to 1.01.0 for the fiscal quarter ending December 31, 2002 and (b) 2.0 to 1.0 thereafter.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA EBIT to consolidated interest expense for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, Borrowers calculated as of the end of any each fiscal quarterquarter for the four fiscal quarters then ended, to be less than 4.0 2.5 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of (a) Consolidated EBITDA to consolidated interest expense (b) Consolidated Cash Interest Expense of the Parent and its Subsidiaries, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries, calculated as of the end of any fiscal quarterended, to be less than 4.0 3.00 to 1.0.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio (the “Interest Coverage Ratio”) as of the last day of any fiscal quarter of (i) Consolidated EBITDA to consolidated interest expense EBIT for the period of four (4) consecutive fiscal quarters of the Borrower then ended 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 Consolidated Subsidiaries, calculated as of the end of any fiscal quarterSubsidiaries on a consolidated basis, to be less than 4.0 3.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall not permit the ratio of Consolidated EBITDA to consolidated interest expense for the four (4) fiscal quarters then ended Consolidated Interest Expense of the Borrower and its Consolidated Subsidiaries, calculated as of the end last day of any each fiscal quarterquarter for the Test Period then ended, to be less than 4.0 3.00 to 1.01.00.

Minimum Interest Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio of Consolidated EBITDA to consolidated interest expense for (the four (4) fiscal quarters then ended of the Borrower and its Consolidated Subsidiaries“Interest Coverage Ratio”), calculated determined as of the end of any each of its fiscal quarters ending on and after December 31, 2006, of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 4.0 3.0 to 1.0.