Net Interest Coverage Ratio definition

Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Interest Expense, in each case for the Lead Borrower and its Restricted Subsidiaries on a consolidated basis.

Net Interest Coverage Ratio means, as at any date of determination and with respect to any period, the ratio of EBITDA for such period to Net Interest Expense for such period. Net Interest Expense means Interest Expense less all interest and other financing charges received by the Borrower during a Measurement Period. Tangible Net Worth means at any time the amount paid up or credited as paid up on the issued share capital of the Borrower based on the latest published audited balance sheet of the Borrower (the latest balance sheet) but adjusted by:

Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Interest Expense, in each case for the Parent Borrower and its Restricted Subsidiaries on a consolidated basis.

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.

More Definitions of Net Interest Coverage Ratio

Net 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 ending on the same date to (ii) Consolidated Net Interest Expense for such four-Fiscal Quarter period.

Net Interest Coverage Ratio the Interest Coverage Ratio is greater than 2.50 to 1.

Net Interest Coverage Ratio means, at any relevant time, the amount of EBITDA for the immediately preceding period of twelve (12) months divided by the amount of interest expense in the immediately preceding period of twelve (12) months under financing arrangements.

Net Interest Coverage Ratio means, for any Test Period, the ratio of (i) Consolidated EBITDAD for such Test Period to (ii) Consolidated Net Interest Expense for such Test Period.

Net Interest Coverage Ratio means, at any date of determination, for PHC and its Subsidiaries on a consolidated and consolidating basis, the ratio of (i) EBITDA, to (ii) Interest Expense, in each case for the Test Period most recently ended before such date taken as one accounting period.

Net Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to

Net Interest Coverage Ratio means, at any date of determination, the ratio of. (a) EBITDA for the Test Period most recently ended before such date (taken as one accounting period), to (b) Interest Expense for the Test Period most recently ended before such date (taken as one accounting period). "NET LEVERAGE RATIO" shall mean, at any date of determination, the ratio of (a) Total Debt on such date, to (b) EBITDA for the Test Period most recently ended before such date (taken as one accounting period).