Examples of Interest Coverage Ratio in a sentence
FINANCIAL RATIOS Similar to the covenants contained in other debt agreements of the Issuer, the Issuer shall maintain the following financial ratios: a) Debt to Equity Ratio of not more than 70:30; andb) Interest Coverage Ratio of not less than 2.5x.
Introduce a maintenance Interest Coverage Ratio covenant in the Issuer of 1.10x.
Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.
If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the date of the event for which the calculation of the Interest Coverage Ratio is made had been the applicable rate for the entire period (taking into account any interest hedging arrangements applicable to such Indebtedness).
Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Company to be less than 3.00 to 1.00.