Adjusted Interest Coverage Ratio or “Adjusted-ICR” means a ratio that is calculated by dividing the trailing 12 months earnings before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), by the trailing 12 months interest expense, borrowing-related fees and distributions on hybrid securities.

Adjusted Interest Coverage Ratio means the ratio of (a) Consolidated EBITDAR to (b) the sum of (i) the Borrower's Consolidated Interest Expense for such period plus (ii) except as included in Consolidated Interest Expense, the Borrower's consolidated rental expense on operating leases, computed as of the last day of a fiscal quarter for the period consisting of such fiscal quarter and the immediately preceding three fiscal quarters.

Adjusted Interest Coverage Ratio means, with respect to H&E Holdings and its Subsidiaries on a consolidated basis for any period, the ratio of (a) EBITDAR to (b) (i) Interest Expense plus (ii) Operating Lease Payments plus (iii) Capital Lease Payments plus, to the extent not already included under sub clause (i), (ii) or (iii) of this clause (b), Restricted Payments. For the purposes of this definition, Interest Expense for the Fiscal Quarters ending on September 30, 2001, December 31, 2001, and March 31, 2002 shall be deemed to be $8,600,000 for each such Fiscal Quarter.

Examples of Adjusted Interest Coverage Ratio in a sentence

Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.00 to 1.0.
EBITDA: We believe that EBITDA is an important supplemental operating and liquidity measure primarily because it is used in the calculation of Adjusted EBITDA which is in turn used in the calculation of the Adjusted Interest Coverage Ratio and the Adjusted Fixed Charge Coverage Ratio and we present it solely for the purpose of being used in those calculations.
Permit the Consolidated Adjusted Interest Coverage Ratio as at the last day of any period of four consecutive Fiscal Quarters to be less than 1.50:1.00.
Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.00 to 1.00.
Adjusted Interest Coverage Ratio: We believe that the adjusted interest coverage ratio is an important supplemental liquidity measure that reflects a company’s ability to meet its interest payment obligations and allows investors to compare interest paying capabilities among different companies.

More Definitions of Adjusted Interest Coverage Ratio

Adjusted Interest Coverage Ratio means, with respect to the Borrower for any period, the ratio of (a) 85% of the Consolidated EBITDA of the Borrower to (b)

Adjusted Interest Coverage Ratio means, as of any date of determination, the ratio of (i) Consolidated EBITDA of the Company and the Restricted Subsidiaries, plus 50% of the Consolidated EBITDA of ARO, for the most recently completed four quarter period for which internal financial statements of the Company are available to (ii) Consolidated Interest Expense of the Company and the Restricted Subsidiaries (with the interest expense for these Notes calculated assuming such interest was paid in cash), plus 50% of the Consolidated Interest Expense of ARO (excluding interest accruing on the Shareholder Instruments held by the ARO JV Shareholder), for such period, subject to the Calculation Principles. 2

Adjusted Interest Coverage Ratio means the ratio, for the Company on a consolidated basis, of (a) the sum of EBITDA, operating rent expense and operating lease expense to (b) the sum of operating rent expense, operating lease expense, and interest expense. This ratio will be calculated at the end of each fiscal quarter, using the results of that quarter and each of the 3 immediately preceding quarters.

Adjusted Interest Coverage Ratio means, as at any date of determination thereof, the quotient of (i) Adjusted Cash Flow over (ii) Interest Expense, in each case calculated for the period of the trailing four consecutive fiscal quarters ending on or most recently ended prior to such date of determination.

Adjusted Interest Coverage Ratio means, for any accounting period, the ratio for Ross and its Subsidiaries, on a consolidated basis, of (a) the sum of EBITDA, operating rent expense, and operating lease expense for such period to (b) the sum of operating rent expense, operating lease expense, and interest expense for such period.

Adjusted Interest Coverage Ratio means the ratio of (x) EBIT to (y) the amount of Interest Expense, less interest income, in each case of the Xxxxxx Companies excluding any Special Purpose Financing Vehicles, determined in accordance with GAAP.