Consolidated Cash Interest Coverage Ratio definition

Consolidated Cash Interest Coverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated EBITDA for such Test Period to (b) Consolidated Interest Expense for such Test Period.

Consolidated Cash Interest Coverage Ratio for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Cash Interest Expense for such period.

Consolidated Cash Interest Coverage Ratio means, on any date, the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Parent ended on such date to (b) Consolidated Cash Interest Expense for such period.

Examples of Consolidated Cash Interest Coverage Ratio in a sentence

• The Parent and the Borrower will not permit the Consolidated Cash Interest Coverage Ratio as of the end of any fiscal quarter of the Parent to be less than 4.00 to 1.00.

• The Parent will not permit the Consolidated Cash Interest Coverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Parent to be less than 3.00:1.00.

• The Parent Borrower will not permit the Consolidated Cash Interest Coverage Ratio as of the last day of any period of four consecutive fiscal quarters of the Parent Borrower to be less than 3.00:1.00.

• Permit the Consolidated Cash Interest Coverage Ratio as of the last day of any Test Period (commencing with the Test Period ending September 30, 2016) to be less than 3.00:1.00.

• The Borrower shall have delivered to the Administrative Agent evidence satisfactory to the Administrative Agent and the Lenders, demonstrating, on a consolidated and Pro Forma Basis (for greater certainty, assuming all Indebtedness (including the Credit Facility) has been fully drawn), a Consolidated Total Leverage Ratio of not greater than 3.20:1.00 and a Consolidated Cash Interest Coverage Ratio of not less than 2.00:1.00.

More Definitions of Consolidated Cash Interest Coverage Ratio

Consolidated Cash Interest Coverage Ratio. “Total Net Leverage Ratio” or “Secured Net Leverage Ratio” or, in each case, in the component definitions thereof shall not constitute a reduction in any rate of interest; provided that, for the avoidance of doubt, only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate;

Consolidated Cash Interest Coverage Ratio at any date, the ratio of Consolidated EBITDA for the four full fiscal quarters ended on such date to Consolidated Cash Interest Expense for the four full fiscal quarters ended on such date.

Consolidated Cash Interest Coverage Ratio means, as of any date of determination, the ratio for the most recently ended Calculation Period of (x) the aggregate amount of Consolidated EBITDA of the Borrower for such Calculation Period to(y) Consolidated Cash Interest Expenses for such Calculation Period.

Consolidated Cash Interest Coverage Ratio means the ratio of (i) Consolidated Net Income plus the sum of Consolidated Interest Expense, income tax expense, depreciation expense, amortization expense and other non-cash charges of the Company and its Restricted Subsidiaries (to the extent such items were deducted in computing Consolidated Net Income of the Company) (collectively, “EBITDA”) for such preceding four fiscal quarters for which financial statements are available to (ii) the Consolidated Cash Interest Expense of the Company and its

Consolidated Cash Interest Coverage Ratio means as at the last day of any Reference Period, the ratio of (a) Consolidated Cash Interest Expense for such period to (b) Consolidated EBITDA for such period. “Consolidated Cash Interest Expense” means for any period, (a) total cash interest expense (including imputed interest expense attributable to payments of Finance Lease Obligations) of the Borrower and its Restricted Subsidiaries for such period with respect to all outstanding Specified 12 0000-0000-0000 v.2

Consolidated Cash Interest Coverage Ratio. Permit the Consolidated Cash Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than the ratio set forth below opposite such fiscal quarter: Four Fiscal Quarters Ending Minimum Consolidated Cash Interest Coverage Ratio December 31, 2011 2.25 to 1.00 March 31, 2012 2.00 to 1.00 June 30, 2012 2.00 to 1.00 September 30, 2012 2.00 to 1.00 December 31, 2012 2.00 to 1.00 March 31, 2013 2.00 to 1.00 June 30, 2013 2.00 to 1.00 September 30, 2013 1.75 to 1.00 December 31, 2013 1.75 to 1.00 March 31, 2014 1.75 to 1.00 June 30, 2014 1.75 to 1.00 each fiscal quarter thereafter 2.00 to 1.00

Consolidated Cash Interest Coverage Ratio. For the last day of the Test Period ending on [ ]: