Ratio of EBIT to Interest Expense Sample Clauses

Ratio of EBIT to Interest Expense. The Borrower shall have a ratio ---------------------------------- of (i) EBIT to (ii) total interest expense, excluding from such calculation any imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement, of not less than (a) 1.75:1 as of the last day of each of the Borrower's fiscal quarters, and (ii) 1:1 as of the last day of each month ending on any date other than the last day of any fiscal quarter of the Borrower.
Sample 1
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Ratio of EBIT to Interest Expense. The Company shall achieve as of the end of each fiscal year during the term of this Agreement a ratio of EBIT to interest expense of not less than 2.50 to 1.00.
Sample 1Sample 2
Ratio of EBIT to Interest Expense. As of the last day of each of the --------------------------------- Borrower's fiscal quarters, the Borrower shall have a ratio of (a) EBIT to (b) total interest expense but excluding imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement, of not less than the ratio specified for each of the following periods: Period Ratio ------ ----- April 1, 1992 - June 30, 1992 1.5:1 July 1, 1992 - March 31, 1993 2.5:1 April 1, 1993 and thereafter 3.0:1
Sample 1
Ratio of EBIT to Interest Expense. As of the last day of each month, --------------------------------- the Borrower shall have a ratio of (a) EBIT to (b) total interest expense (excluding imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement) of not less than 2:1. This Amendment is executed as an instrument under seal and shall be governed by the construed in accordance with the laws of The Commonwealth of Massachusetts without regard to its conflicts of law rules. All parts of the Agreement not affected by this Amendment are hereby ratified and affirmed in all respects, provided that if any provision of the -------- ---- Agreement shall conflict or be inconsistent with this Amendment, the terms of this Amendment shall supersede and prevail.
Sample 1
Ratio of EBIT to Interest Expense. As of May 31, 1993 for the two --------------------------------- month period then ending, and June 30, 1993 for the three month period then ending, and thereafter as of the last day of each fiscal quarter, the Borrower shall have a ratio of (a) EBIT to (b) total interest expense (excluding imputed interest arising from accretion of debt discount on the Subordinated Indebtedness issued under the Purchase Agreement) of not less than 1.5:1 with respect to any such period on the last day of which the balance of the Loan Account is less than $17,500,000, and 1.75:1 for all other such periods.
Sample 1
Ratio of EBIT to Interest Expense. Maintain a ratio of aggregate EBIT as of the date in question and the immediately preceding 364 calendar days to aggregate Interest Expense, all on a consolidated basis, of not less than 2.0 : 1.
Sample 1
Ratio of EBIT to Interest Expense. Permit, for any fiscal quarter of the Borrower, the ratio of EBIT for such period to Consolidated Interest Expense for such period to be less than the amount set forth in the following table for such period: Minimum Ratio of Quarter Period Ending EBIT to Interest Expense ------- ------ ------ ---- -- -------- ------- September 30, 1996 2.5:1.0 December 31, 1996 2.5:1.0 Each fiscal quarter thereafter 3.0:1.0
Sample 1
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Related to Ratio of EBIT to Interest Expense

  • 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.

  • Interest Expense For any period with respect to Parent Borrower 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 a construction loan, together with the interest portion of payments actually payable on Capitalized Leases, plus (b) Parent Borrower’s and its respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Consolidated Interest Expense With respect to any period, without duplication, (a) total Interest Expense of REIT and its Subsidiaries determined on a Consolidated basis in accordance with GAAP for such period, plus (b) such Person’s Equity Percentage of Interest Expense of its Unconsolidated Affiliates for such period.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • 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.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.

  • Minimum Unsecured Interest Coverage Ratio As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio for the Parent, on a consolidated basis, for the fiscal quarter then ended, annualized, to be less than or equal to 1.75 to 1.00; and

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