Common use of Ratio of Consolidated EBITDA to Consolidated Interest Expense Clause in Contracts

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30, 2014, to be less than 3.00 to 1.00.

Appears in 4 contracts

Samples: Credit Agreement (CDK Global Holdings, LLC), Bridge Credit Agreement (CDK Global Holdings, LLC), Credit Agreement (CDK Global Holdings, LLC)

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Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not at any time permit the ratio of (a) 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 any period of such four consecutive full fiscal quarters of the Company ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30, 2014, to be less than 3.00 3.50 to 1.001.0.

Appears in 4 contracts

Samples: Credit Agreement (Kinder Morgan Energy Partners L P), Credit Agreement (Kinder Morgan Energy Partners L P), Credit Agreement (Kinder Morgan Energy Partners L P)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company Borrower ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30December 31, 20142016, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (CDK Global, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters Expense, measured as of the Company ending after the date last day of this Agreement, commencing with any fiscal quarter for the period of four consecutive fiscal quarters ending on September 30, 2014then ended, to be less than 3.00 4.0 to 1.001.0.

Appears in 1 contract

Samples: Credit Agreement (Sysco Corp)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense Expense, for any period of four consecutive fiscal quarters of the Company ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30, 2014Company, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (CDK Global, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company Borrower ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30December 31, 20142015, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (CDK Global, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense Expense, for any period of four consecutive fiscal quarters of the Company ending after the date of this AgreementClosing Date, commencing with the period of four consecutive fiscal quarters ending on September 30, 20142018, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (CDK Global, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense Expense, for any period of four consecutive fiscal quarters of the Company Borrower ending after the date of this AgreementClosing Date, commencing with the period of four consecutive fiscal quarters ending on September 30, 20142018, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Term Loan Credit Agreement (CDK Global, Inc.)

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Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company ending after the date of this AgreementBorrower, commencing with the period of four consecutive fiscal quarters ending on September 30, 20142011, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Broadridge Financial Solutions, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company Borrower ending after the date of this AgreementClosing Date, commencing with the period of four consecutive fiscal quarters ending on September 30, 20142018, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Assignment and Assumption (CDK Global, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company ending after the date of this AgreementClosing Date, commencing with the period of four consecutive fiscal quarters ending on September 30, 20142018, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (CDK Global, Inc.)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio as of (a) the last day of any fiscal quarter of the Borrower of Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company ending after the date of this Agreement, commencing with the period of four consecutive fiscal quarters ending on September 30, 2014, to be less than 3.00 (a) 2 to 1.00.1 prior to the first anniversary of the Initial Closing Date or (b) 2.25 to 1 on or after the first anniversary of the Initial Closing Date;

Appears in 1 contract

Samples: Credit Agreement (Heritage Propane Partners L P)

Ratio of Consolidated EBITDA to Consolidated Interest Expense. The Company Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive fiscal quarters of the Company ending after the date of this AgreementBorrower, commencing with the period of four consecutive fiscal quarters ending on September 30, 2014, to be less than 3.00 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Broadridge Financial Solutions, Inc.)

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