Common use of Minimum Interest Coverage Clause in Contracts

Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period to be less than the applicable ratio set forth below for such Computation Period: Computation Period Minimum Interest Ending Coverage Ratio ------------------- ---------------- 04/30/00 - 10/31/00 2.65 to 1 01/31/01 - 04/30/01 3.00 to 1 Thereafter 3.50 to 1."

Appears in 1 contract

Samples: Layne Christensen Co

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Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period to be less than the applicable ratio set forth below for such Computation Periodbelow: Computation Interest Period Minimum Interest Ending Coverage Ratio ------------------- ---------------- 04/30/00 - 10/31/00 2.65 to 1 01/31/01 - 04/30/01 12/31/01 3.00 to 1 Thereafter 1.0 3/31/02 and thereafter 3.50 to 11.0."

Appears in 1 contract

Samples: Credit Agreement (U S Liquids Inc)

Minimum Interest Coverage. Not permit the Interest Coverage Ratio ------------------------- for any Computation Period to be less than the applicable ratio set forth below for such Computation Periodbelow: Computation Period Minimum Interest Ending Coverage Ratio ------------------- ---------------- 04/30/00 - 10/31/00 2.65 COMPUTATION INTEREST PERIOD ENDING: COVERAGE RATIO -------------- -------------- 3/31/98 through 12/31/98 1.5 to 1 01/31/01 - 04/30/01 3.00 1.0 3/31/99 through 12/31/99 2.0 to 1 Thereafter 3.50 to 1."1.0

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc)

Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period to be less than the applicable ratio set forth below for such Computation Period: Computation Period Minimum Interest Ending Coverage Ratio ------------------- ---------------- ------------------ ----------------- 04/30/00 - 10/31/00 2.65 to 1 01/31/01 - 04/30/01 3.00 to 1 Thereafter 3.50 to 1."

Appears in 1 contract

Samples: Layne Christensen Co

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Minimum Interest Coverage. Not permit the Interest Coverage -------------------------- Ratio for any Computation Period to be less than the applicable ratio set forth below for such Computation Periodbelow: Computation Period Minimum Interest Ending Coverage Ratio ------------------- ---------------- 04/30/00 - 10/31/00 2.65 COMPUTATION INTEREST PERIOD ENDING: COVERAGE RATIO ------------- -------------- 3/31/98 through 12/31/98 1.50 to 1 01/31/01 - 04/30/01 3.00 1.0 3/31/99 through 12/31/99 1.75 to 1 Thereafter 3.50 1.0 3/31/2000 and thereafter 2.00 to 1."I.O.

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc)

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