NOP/Interest Charges Ratio Sample Clauses

NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than 2.25 to 1.0."
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NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than (a) 1.75 to 1.0 for the period from January 31, 1998 through January 30, 1999 and (b) 2.5 to 1.0 thereafter."
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NOP/Interest Charges Ratio. At any time permit the NOP/ Interest Charges Ratio to be less than 2.25 to 1.0; provided, however, that for purposes of computing the NOP/Interest Charges Ratio for the respective fiscal quarters ending August 1, 1998, and October 31, 1998, only, the NOP/Interest Charges Ratio shall be measured not on a four (4) consecutive fiscal quarter basis as provided for in the definition of the term NOP/Interest Charges Ratio, but rather on the basis of the period elapsed in fiscal year 1998 (e.g., the ratio for the second quarter of 1998 shall compare Net Operating Profit for the first two quarters of fiscal year 1998 to Interest Expense for the same period, and the ratio for the third quarter shall compare Net Operating Profit for the first three quarters of fiscal year 1998 to Interest Expense for the same period)." For periods prior to the second fiscal quarter of 1998, the NOP/Interest Charges Ratio shall be determined based on the provisions of the Guarantee (as heretofore amended) without regard to the foregoing restatement of Section 8(e). In consideration of the modification set out above with respect to Section 8(e) of the Guarantee, simultaneously herewith Guarantor shall pay to Agent, on behalf of itself as a Purchaser and Instrument Holder and the other Purchasers and Instrument Holders, a fee in the amount of 5.0 basis points (.05%) times the aggregate outstanding balance of the Instruments held by each such Instrument Holder.
Sample 1

Related to NOP/Interest Charges Ratio

  • Fixed Charges Ratio Permit the ratio of Net Earnings Available for Fixed Charges to Fixed Charges for any fiscal quarter of the Capital Corporation and its consolidated Subsidiaries (including the last quarter of any fiscal year of the Capital Corporation and its consolidated Subsidiaries) to be less than 1.05 to 1.

  • Interest Charges You agree to pay interest at the rate(s) disclosed to you at the time you open your account and as may be changed from time to time in accordance with applicable law. Average Daily Balance including new transactions: Interest Charges will accrue on your average daily balance outstanding during the month. To get the average daily balance, we take the beginning balance each day, add any new purchases, cash advances, balance transfers or other advances, and subtract any payments, unpaid interest charges, and unpaid late charges. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide that by the number of days in the billing cycle. We then multiply that by the periodic rate corresponding to the Annual Percentage Rate on your account. If you have different rates for purchases, cash advances or balance transfers, separate average daily balances for each will be calculated and the appropriate periodic rate is then applied to each.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Interest Expense For any period with respect to Parent Company and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under an interest reserve pursuant to a specific debt obligation, together with the interest portion of payments on Capitalized Leases, plus (b) Parent Company’s and its Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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