Interest Cover definition

Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any 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 has the meaning given to such term in Clause 19.1 (Financial definitions).

Examples of Interest Cover in a sentence

• We confirm that in respect of relevant the Relevant Period, the Interest Cover Ratio is [●]].

• Previous annual reports have documented these activities.The Company has undertaken a measured build up of key Philippino and expatriate professional staff as we transition from exploration and evaluation to permitting and design.

• The Interest Cover Required Amount may not be sufficient to cover any shortfall between the amounts of interest received by the CBC and the rate of interest payable on the Covered BondsThe CBC is required, among other things, to deduct an amount equal to the Interest Cover Required Amount from the Asset Cover Test to cater for certain interest rate risks.

• 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.

More Definitions of Interest Cover

Interest Cover means, in respect of any Relevant Period, the ratio of Consolidated EBITDA for that Relevant Period to Consolidated Net Finance Charges for that Relevant Period.

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, in respect of any Reference Period, the ratio of (i) Consolidated EBITDA plus all financial income in each case for that Reference Period to(ii) Consolidated Financial Payable for that Reference Period.

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, 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:

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;