Minimum Interest Expense Coverage Ratio. The Company shall maintain a ratio (the “Interest Expense Coverage Ratio”), determined at the end of each of its fiscal quarters, of (a) EBIT for such period to (b) Interest Expense for such period of greater than 3.00 to 1.00. The Interest Expense Coverage Ratio shall be calculated as of the last day of each fiscal quarter based upon EBIT and Interest Expense for the four-quarter period ending on such day.
Appears in 2 contracts
Samples: Credit Agreement (EDGEWELL PERSONAL CARE Co), Credit Agreement (EDGEWELL PERSONAL CARE Co)
Minimum Interest Expense Coverage Ratio. The Company shall maintain a ratio (the “Interest Expense Coverage Ratio”), determined at "INTEREST EXPENSE COVERAGE RATIO") for any applicable period of (i) EBITR for such period (ii) the end of each of its fiscal quarters, sum of (a) EBIT for such period to (b) Interest Expense for such period plus (b) Rentals for such period of greater than 3.00 2.00 to 1.00. The Interest Expense Coverage Ratio shall be 1.00 for each fiscal quarter, calculated as of the last day of each fiscal quarter based upon EBIT and Interest Expense for the four-quarter period ending on such day.
Appears in 1 contract
Samples: Credit Agreement (Plexus Corp)
Minimum Interest Expense Coverage Ratio. The Company and its consolidated Subsidiaries shall maintain a ratio (the “Interest Expense Coverage Ratio”), determined at the end of each of its fiscal quarters, "INTEREST EXPENSE COVERAGE RATIO") for any applicable period of (ai) EBIT for such period to (bii) Interest Expense for such period of greater than 3.00 at least 2.00 to 1.00. The Interest Expense Coverage Ratio shall be calculated 1.00 as of the last day end of each fiscal quarter based upon EBIT and Interest Expense for the four-period commencing with the fiscal quarter period ending on such dayDecember 31, 2000 through the Termination Date.
Appears in 1 contract
