Minimum Interest Coverage. The Guarantor shall maintain a ratio of Consolidated EBITDA to Consolidated Net Interest Expense equal to or greater than 2.50 to 1.00. Such ratio shall be calculated quarterly on a trailing four quarter basis.
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Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Minimum Interest Coverage. The At all times on and from 1 January 2018, the Guarantor shall maintain a ratio of Consolidated EBITDA to Consolidated Net Interest Expense equal to or greater than 2.50 to 1.00. Such , such ratio shall to be calculated quarterly on the Consolidated EBITDA and the Consolidated Net Interest Expense for each Accounting Period on a trailing four quarter basis."
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Samples: Third Supplemental Agreement (Scorpio Bulkers Inc.)
Minimum Interest Coverage. The Guarantor shall maintain a ratio of Consolidated EBITDA to Consolidated Net Interest Expense equal to or greater than 2.50 to 1.002.50:1.00. Such ratio shall be calculated quarterly on the last day of each Accounting Period on a trailing four quarter basis.
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Samples: Scorpio Tankers Inc.
Minimum Interest Coverage. The Commencing with the third fiscal quarter of 2011, the Guarantor shall maintain a ratio of Consolidated EBITDA to Consolidated Net Interest Expense equal to or greater of not less than 2.50 to 1.00. Such ratio shall be calculated quarterly on a trailing quarter basis from and including the second fiscal quarter of 2012, provided that for the third fiscal quarter of 2012 and all periods thereafter such ratio shall be calculated on a trailing four quarter basis.
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Minimum Interest Coverage. The Commencing with the third fiscal quarter of 2011, the Guarantor shall maintain a ratio of Consolidated EBITDA to Consolidated Net Interest Expense equal to or greater of not less than 2.50 to 1.00. Such ratio shall be calculated quarterly on a trailing quarter basis from and including the second fiscal quarter of 2012, provided that for the third fiscal quarter of 2012 and all periods thereafter such ratio shall be calculated on a trailing four quarter basis.. to read as follows:
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Minimum Interest Coverage. The Guarantor shall maintain a ratio of Consolidated EBITDA to Consolidated Net Interest Expense equal of not less than 2.00 to or greater than 1.00 for the quarter ending September 30, 2011 until and including the quarter ending December 31, 2012 and thereafter 2.50 to 1.00. Such ratio shall be calculated quarterly on a trailing four quarter basis.
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