Examples of Interest Incurred in a sentence
Consolidated Interest Incurred plus regularly scheduled amortization payments (excluding balloon maturities).
As of the end of each fiscal quarter of the Borrower, fail to maintain either (i) Liquidity in an amount not less than Consolidated Interest Incurred for the last twelve months then ended (such amount, the “Minimum Liquidity Amount”) or (ii) an Interest Coverage Ratio not less than 1.50:1.00 (such ratio, the “Minimum Interest Coverage Ratio”).
The University elected to early adopt GASB statement No. 89 Accounting for Interest Incurred Before the End of a Construction Period.
The Borrower will not permit Liquidity as of the end of any fiscal quarter to be less than the greater of (i) $50,000,000 and (ii) Cash Interest Incurred for the period of four consecutive fiscal quarters then ended.
Maintain at all times during the Commitment Period a ratio of EBITDA to Consolidated Interest Incurred of not less than 1.70 to 1.0.