Consolidated Net Interest Coverage Ratio definition

Consolidated Net Interest Coverage Ratio as of any date of determination, the ratio of (a) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period to (b) Consolidated Net Interest Expense of the Borrower and its Restricted Subsidiaries for such period.
Consolidated Net Interest Coverage Ratio means, as of any date of determination for the period of four fiscal quarters most recently ended for which Holdings has delivered financial statements pursuant to Section 7.01(a) or (b), the ratio of (a) Consolidated EBITDA to (b) cash Consolidated Interest Expense.
Consolidated Net Interest Coverage Ratio for any period shall mean the ratio of Consolidated EBITDA to Consolidated Net Interest Expense for such period.

Examples of Consolidated Net Interest Coverage Ratio in a sentence

  • Commencing with the Test Period ending September 30, 2012, permit the Consolidated Net Interest Coverage Ratio as at the last day of any Test Period to be less than 3.00:1.00.

  • Permit the Consolidated Net Interest Coverage Ratio as of the end of any fiscal quarter of AWI to be less than 3.0:1.0.

  • Permit the Consolidated Net Interest Coverage Ratio of Holdings to be less than 2.25: 1.00.

  • Permit the Consolidated Net Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.0:1.0.

  • The contention is that when the petitioners propose to use the lands for quarrying lime stone on a future date for the same purpose, the lands cannot be acquired with the same object of quarrying lime stone to benefit the State Undertaking and such an acquisition is not the public purpose at all.


More Definitions of Consolidated Net Interest Coverage Ratio

Consolidated Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four fiscal quarters most recently ended, to (b) Consolidated Net Interest Expense as of such date, provided however, that Consolidated EBITDA and Consolidated Net Interest Expense shall be calculated on a Pro Forma Basis to give effect to any Qualified Acquisition (if consummated) and any other acquisition or sale of a Subsidiary or operating division thereof consummated during such period, for more than $3,000,000,000.
Consolidated Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four fiscal quarters most recently ended, to (b) Consolidated Net Interest Expense as of such date; provided, however, that Consolidated EBITDA and Consolidated Net Interest Expense shall be calculated on a Pro Forma Basis to give effect to any Qualified Acquisition (if consummated) and any other acquisition or sale of a Subsidiary or operating division thereof consummated during such period, in each case, for more than $3,000,000,000.
Consolidated Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four fiscal quarters most recently ended on or prior to such date for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b), the ratio of (a) Consolidated EBITDA to (b) the difference of (i) cash Consolidated Interest Charges for the period of the four fiscal quarters most recently ended on or prior to such date for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b), minus (ii) cash Consolidated Interest Income (butfor such period (it being understood and agreement that the difference calculated pursuant to this clause (b) shall not be less than zero).
Consolidated Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four fiscal quarters most recently ended on or prior to such date for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b), to (b) the difference of (i) cash Consolidated Interest Charges for the period of the four fiscal quarters most recently ended on or prior to such date for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b), minus (ii) cash Consolidated Interest Income for such period (it being understood and agreement that the difference calculated pursuant to this clause (b) shall not be less than zero).
Consolidated Net Interest Coverage Ratio as of any date of determination, the ratio of (a) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most recently ended Test Period to (b) Consolidated Net Interest Expense of the Borrower and its Restricted Subsidiaries for such period; provided that for the purpose of calculating the Consolidated Net Interest Coverage Ratio on any day prior to the expiration of four full fiscal quarters since the Closing Date, Consolidated Net Interest Expense of the Borrower and its Restricted Subsidiaries for such period shall be determined on an Annualized Basis.
Consolidated Net Interest Coverage Ratio for any period shall mean the ratio of Consolidated EBITDA for such period to Consolidated Net Interest Expense for such period, provided that, in case of Test Periods ended before the first anniversary of the Initial Borrowing Date, for purposes of calculating Consolidated Net Interest Coverage Ratio only, Consolidated Net Interest Expense shall mean for each such Test Period (x) an amount equal to the actual Consolidated Net Interest Expense for the period from the Initial Borrowing Date through the end of the fiscal quarter most recently ended, multiplied by (y) a fraction the numerator of which is 360 and the denominator of which is the number of days actually elapsed during such period.
Consolidated Net Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA to (b) Consolidated Cash Interest Expense for such period.