Examples of Net Interest Coverage Ratio in a sentence
The Borrower must ensure that the Net Interest Coverage Ratio is always greater than 2.50 to 1.
Net Interest Coverage Ratio - measures the ability to pay net financial expenses in relation to EBITDA, as defined in the bank agreements (Earnings before Interest, Taxes, Depreciation, Amortization, Impairment and Restructuring Costs).
Commencing with the Test Period ending September 30, 2012, permit the Consolidated Net Interest Coverage Ratio as at the last day of any Test Period to be less than 3.00:1.00.
Permit the Consolidated Net Interest Coverage Ratio as of the end of any fiscal quarter of AWI to be less than 3.0:1.0.
Permit the Consolidated Net Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.0:1.0.