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
Appears in 3 contracts
Samples: Credit Agreement (American Skiing Co /Me), Credit Agreement (Asc East Inc), Credit Agreement (American Skiing Co /Me)
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 levelslevels as of the end of each fiscal quarter indicated: Fiscal Quarter Ratio Fiscal Quarter Ratio 1999 2000 Quarter 2 1.20-to-1.00 2001 2002 Quarter 1 1.751.50-to-1.00 1999 2000 Quarter 3 1.20-to-1.00 2001 2002 Quarter 2 1.751.50-to-1.00 1999 2000 Quarter 4 1.20-to-1.00 2001 2002 Quarter 3 2.00-to-1.00 2000 2001 Quarter 1 1.20-to-1.00 2001 2002 Quarter 4 2.00-to-1.00 2000 2001 Quarter 2 1.501.20-to-1.00 2002 2003 Quarter 1 2.00-to-1.00 2000 2001 Quarter 3 1.50-to-1.00 2002 2003 Quarter 2 2.00-to-1.00 2000 2001 Quarter 4 1.751.50-to-1.00 2002 2003 Quarter 3 2.25-to-1.00 and Thereafter
Appears in 1 contract
Samples: And Consolidated Credit Agreement (American Skiing Co /Me)
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 levelslevels as of the end of each fiscal quarter indicated: Fiscal Quarter Ratio Fiscal Quarter Ratio 1999 Quarter 2 1.20-to-1.00 2001 2000 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 2 1.20-to-1.00 2001 Quarter 4 2.00-to-1.00 2000 Quarter 2 3 1.50-to-1.00 2002 Quarter 1 2.00-to-1.00 2000 Quarter 3 4 1.50-to-1.00 2002 Quarter 2 2.00-to-1.00 2000 2001 Quarter 4 1.751 1.50-to-1.00 2002 Quarter 3 2.25-to-1.00 2001 Quarter 2 1.50-to-1.00 and Thereafter
Appears in 1 contract
Samples: And Consolidated Credit Agreement (American Skiing Co /Me)