Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not at any time permit the ratio of Consolidated EBITDA for the four full fiscal quarters then most recently ended in respect of which financial statements shall have been delivered pursuant to Section 5.01(a) or (b), as the case may be, to Consolidated Interest Expense for such four full fiscal quarters to be less than 3.50 to 1.0.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. Until the Borrower obtains an investment-grade rating on its Index Debt from any of Xxxxx’x, S&P or Fitch, the Borrower shall not permit its ratio of Consolidated EBITDA to Consolidated Interest Expense in each case for the four full fiscal quarters most recently ended to be less than 2.75 to 1.00 as of the last day of any fiscal quarter.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter for the four-quarter period ending on such date a ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense of not less than the following levels: Fiscal Quarter Ratio Fiscal Quarter Ratio 1999 Quarter 2 1.20-to-1.00 2001 Quarter 1 1.75-to-1.00 1999 Quarter 3 1.20-to-1.00 2001 Quarter 2 1.75-to-1.00 1999 Quarter 4 1.20-to-1.00 2001 Quarter 3 2.00-to-1.00 2000 Quarter 1 1.20-to-1.00 2001 Quarter 4 2.00-to-1.00 2000 Quarter 2 1.50-to-1.00 2002 Quarter 1 2.00-to-1.00 2000 Quarter 3 1.50-to-1.00 2002 Quarter 2 2.00-to-1.00 2000 Quarter 4 1.75-to-1.00 2002 Quarter 3 2.25-to-1.00 and Thereafter
Ratio of Consolidated EBITDA to Consolidated Interest Expense. Permit the ratio of (i) Consolidated EBITDA of Holdings to (ii) Consolidated Interest Expense of Holdings, in each case for any period of four consecutive fiscal quarters, to be less than 2.50 to 1.00.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. American Ski and its Restricted Subsidiaries shall maintain as of the end of each fiscal quarter for the four-quarter period ending on such date a ratio of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense of not less than the following levels as of the end of any fiscal quarter during the year indicated: Fiscal Year Ending July Ratio ----------- -----
Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Borrower shall have and maintain a ratio of Consolidated EBITDA to Consolidated Interest Expense of not less than the following during the following periods (measured on a rolling four quarter basis): Period Minimum Ratio From the Closing Date through September 30, 1996 3.00 to 1 October 1, 1996 through September 30, 1997 3.50 to 1 October 1, 1997 and at all times thereafter 4.00 to 1
Ratio of Consolidated EBITDA to Consolidated Interest Expense. Until the first date on which the Borrower obtains an Investment Grade Rating on its Index Debt from any of Mxxxx’x or S&P (provided that the other rating is not less than Ba1 or BB+, as applicable), the Borrower shall not permit its ratio of Consolidated EBITDA to Consolidated Interest Expense in each case for the four full fiscal quarters most recently ended for which financial statements have been delivered pursuant to Section 5.01 to be less than 2.75 to 1.00 as of the last day of any fiscal quarter commencing March 31, 2008.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not at any time permit the ratio of Consolidated EBITDA for the period of four full fiscal quarters then most recently ended in respect of which financial statements shall have been delivered pursuant to Section 5.01(a) or (b), as the case may be, to Consolidated Interest Expense for such four full fiscal quarters to be less than(a) 3.0 to 1.0 for such periods of four full fiscal quarters ending at March 31, 2001 and June 30, 2001 and (b) 3.50 to 1.0 for any such period of four full fiscal quarters ending thereafter.".
Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Borrower shall not permit its ratio of Consolidated EBITDA to Consolidated Interest Expense, determined as of the end of each of its fiscal quarters for the then most recently ended four consecutive fiscal quarters, to be less than 2.5 to 1.00. For purposes of this Section 6.07(b), if during any period of four fiscal quarters the Borrower or any Subsidiary acquires any Person (or any interest in any Person) or all or substantially all of the assets of any Person, the EBITDA attributable to such assets or an amount equal to the percentage of ownership of the Borrower in such Person times the EBITDA of such Person, for such period determined on a pro forma basis (which determination, in each case, shall be subject to approval of each Administrative Agent, not to be unreasonably withheld) may be included as Consolidated EBITDA for such period; provided that during the portion of such period that follows such acquisition, the computation in respect of the EBITDA of such Person or such assets, as the case may be, shall be made on the basis of actual (rather than pro forma) results.
Ratio of Consolidated EBITDA to Consolidated Interest Expense. If the Covenant Modification Period shall have been terminated prior to its scheduled termination date pursuant to the proviso set forth in the definition of such term, then the Borrower will not permit the ratio of Consolidated EBITDA to Consolidated Interest Expense, in each case, measured for the period of four consecutive fiscal quarters of the Borrower (commencing with such period ending with the first fiscal quarter of the Borrower ending after the date of such termination of the Covenant Modification Period) to be less than 4.00 to 1.00.
