Interest Coverage Ratio definition

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

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Interest Coverage Ratio means, at any date of determination thereof, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date to (b) Interest Expense for such period.

Interest Coverage Ratio means, with respect to the Borrower and the Restricted Subsidiaries on a consolidated basis, as of the end of any fiscal quarter of the Borrower for the Test Period ending on such date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense.

Examples of Interest Coverage Ratio in a sentence

• The Company will not permit the Interest Coverage Ratio as of the last day of any Testing Period of the Company, beginning with the fiscal quarter July 31, 2024, to be less than 3.00 to 1.00.

• The Servicer may only exercise a warrant or right to acquire securities held in the Collateral by use of Interest Proceeds (provided that the Interest Coverage Ratio Test is satisfied after such application) or a contribution designated as Interest Proceeds for such purpose under Section 6.5; provided, for the avoidance of doubt, such received securities shall be treated as Equity Securities.

• The Company shall not permit the Interest Coverage Ratio as of the last day of any fiscal quarter of the Company to be less than 1.50:1.00.

• The Borrower will not permit the Interest Coverage Ratio as of the last day of any Testing Period of the Borrower, beginning with the fiscal quarter ending January 31, 2022, to be less than 3.00 to 1.00.

More Definitions of Interest Coverage Ratio

Interest Coverage Ratio means, as of the end of any fiscal quarter, the ratio of (a) EBIT to (b) Interest Expense, in each case calculated for the four consecutive fiscal quarters then ending, on a consolidated basis for the Company and its Subsidiaries in accordance with Agreement Accounting Principles.

Interest Coverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated EBITDA of the Borrower and the Restricted Subsidiaries for such Test Period to (b) Consolidated Interest Expense of the Borrower and the Restricted Subsidiaries for such Test Period, in each case on a pro forma basis with such pro forma adjustments as are appropriate and consistent with Section 1.07.

Interest Coverage Ratio means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Adjusted EBITDA for the four Fiscal Quarter period then ended to (ii) Consolidated Interest Expense for such four Fiscal Quarter period.

Interest Coverage Ratio means, as of the last day of any fiscal quarter, (a) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date to (b) Consolidated Interest Incurred for the period of four consecutive fiscal quarters ending on such date.

Interest Coverage Ratio has the meaning assigned to such term in Section 6.11(b).

Interest Coverage Ratio means, as of the last day of any Fiscal Quarter, the ratio computed for the period consisting of such Fiscal Quarter and each of the three immediately preceding Fiscal Quarters of:

Interest Coverage Ratio means the ratio of Consolidated EBITDA to Consolidated Interest Expense.