Ratio of Consolidated. Adjusted Net Income to Consolidated Interest ------------------------------------------------------------------ Expense. The Borrower will maintain, as at the last day of each fiscal quarter, ------- a ratio of (i) Consolidated Adjusted Net Income to (ii) Consolidated Interest Expense, in each case calculated for the four fiscal quarters then ending, of not less than 3.0 to 1.0.
Appears in 2 contracts
Samples: Assignment Agreement (Torchmark Corp), Assignment Agreement (Torchmark Corp)
Ratio of Consolidated. Adjusted Net Income to Consolidated Interest ------------------------------------------------------------------ Expense. The Borrower will maintain, as at the last day of each fiscal quarter, ------- a ratio of (i) Consolidated Adjusted Net Income to (ii) Consolidated Interest Expense, in each case calculated for the four fiscal quarters then ending, of not less than 3.0 2.5 to 1.0.
Appears in 2 contracts
Samples: Credit Agreement (Torchmark Corp), Credit Agreement (Torchmark Corp)
Ratio of Consolidated. Adjusted Net Income to Consolidated --------------------------------------------------------- Interest ------------------------------------------------------------------ Expense. The Borrower will maintain, as at the last day of each fiscal ---------------- quarter, ------- a ratio of (i) Consolidated Adjusted Net Income to (ii) Consolidated Interest Expense, in each case calculated for the four fiscal quarters then ending, of not less than 3.0 2.5 to 1.0.
Appears in 1 contract
Samples: Credit Agreement (Torchmark Corp)
Ratio of Consolidated. Adjusted Net Income to Consolidated --------------------------------------------------------- Interest ------------------------------------------------------------------ Expense. The Borrower Guarantor will maintain, as at the last day of each fiscal ---------------- quarter, ------- a ratio of (i) Consolidated Adjusted Net Income to (ii) Consolidated Interest Expense, in each case calculated for the four fiscal quarters then ending, of not less than 3.0 2.5 to 1.0.
Appears in 1 contract
