Interest Cover definition
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.
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 the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period.
Examples of Interest Cover in a sentence
The Interest Cover Ratio for any Test Period shall be not less than 3.50:1.
The Borrower will procure that the Group’s Interest Cover Ratio shall be minimum 2.5 : 1 throughout the term of this Agreement.
The Interest Cover Ratio of the Group was [ ] while the Interest Cover Ratio shall be no less than 2.5:1.
The following Financial Covenants apply and will be calculated using the Customer's Financial Information: Interest Cover: EBITA to Borrowing Costs for each financial year must be at least 10.00 to 1.
Interest Cover in respect of any Relevant Period specified in column 1 below shall not be less than the ratio set out in column 2 below opposite that Relevant Period.
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 has the meaning given to such term in Clause 24.1 (Financial definitions).
Interest Cover means the ratio of Earnings Before Interest, Tax and Depreciation (EBITDA) to Total Interest Costs (net of any interest receivable).
Interest Cover means, in respect of any Reference Period, the ratio of (i) Consolidated EBITDA plus all financial income in each case for that Reference Period to
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. 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.
Column 1 Relevant Period Column 2 Ratio
Interest Cover means, on any testing date (as defined below), projected annual rental income as a percentage of projected annual finance costs at that time. For the purposes of this definition: