Interest Cover means, in respect of any Relevant Period, the ratio of Consolidated EBIT for that Relevant Period to Consolidated Net Finance Charges for that Relevant Period.
Interest Cover means as of any date of determination the ratio of EBITDA to Finance Charges in respect of the most recently-ended Relevant Period.
Examples of Interest Cover in a sentence
We confirm that in respect of relevant the Relevant Period, the Interest Cover Ratio is [●]].
The Interest Cover Ratio for any Test Period shall be not less than 3.50:1.
For the avoidance of doubt, the Interest Cover Ratio will not be considered to be breached on a testing date, if in relation to the Annual Relevant Period immediately preceding such testing date the Finance Charges are negative or equal to zero.
The Issuer shall, as long as any Bond remains outstanding, ensure that the Interest Cover Ratio on each testing date shall be equal to or shall exceed 1.2.
The metrics are Interest Cover Ratio (ICR) and Loan to Value (LTV).
More Definitions of Interest Cover
Interest Cover means the ratio of Consolidated EBITDA to Consolidated Net Finance Charges in respect of any Relevant Period;
Interest Cover means, for any Relevant Period, the ratio of net operating income to finance costs for that Relevant Period. For the purposes of this definition:
Interest Cover. Interest Cover in respect of any Relevant Period specified in column 1 below shall be or shall exceed the ratio set out in column 2 below opposite that Relevant Period.
Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period. Leverage means in respect of any Relevant Period the ratio of Total Net Debt on the last day of that Relevant Period to Adjusted Acquisition EBITDA in respect of that Relevant Period. Net Finance Charges means, for any Relevant Period, the Finance Charges for that Relevant Period after deducting any interest payable in that Relevant Period to any member of the Group on any cash or Cash Equivalent investment.
Interest Cover means the ratio of Consolidated EBITDA to Finance Charges in respect of any Relevant Period, in accordance with the calculation methods imposed by Article 55 of the REIT Royal Decree, as each of the foregoing appears from the relevant consolidated financial statements; “Interest Payment Date” has the meaning set out in Condition 5.5.1;