Examples of Interest Coverage Ratio in a sentence
Permit the Consolidated Interest Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.
Beginning with the fiscal quarter ending September 30, 2024, permit the Consolidated Interest Coverage Ratio as of the end of any Measurement Period to be less than 3.00:1.00.
For the avoidance of doubt, no prepayment fee shall be required in connection with any prepayment of an Advance made to cure any non-compliance with the Interest Coverage Ratio Test.
Notwithstanding anything herein to the contrary, any interest payment in cash shall be subject to (i) the Consolidated Interest Coverage Ratio (as defined in the FP Note Purchase Agreement) set forth in Section 8.11(g)(i) of the FP Note Purchase Agreement and (ii) the Consolidated Interest Coverage Ratio (as defined in the LM/BP Note Purchase Agreement) set forth in Section 8.11(g)(i) of the LM/BP Note Purchase Agreement.
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.