EBITDA to Interest Expense Ratio. Borrower shall not permit the ratio of EBITDA for the then most recently completed Fiscal Quarter to Interest Expense for the then most recently completed Fiscal Quarter to be less than 2.00:1.
EBITDA to Interest Expense Ratio. The ratio of EBITDA to Interest Expense shall not be less than 2.0:1.
EBITDA to Interest Expense Ratio. As of the end of each fiscal quarter of Guarantor commencing with the fiscal quarter ending on December 31, 2022, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.50 to 1.00, calculated on a trailing four-quarter basis.
EBITDA to Interest Expense Ratio. The Borrower shall not permit (x) for any Test Period ending on or prior to the last day of the Borrower's fiscal year ending on or about December 31, 1999 (commencing with the fiscal quarter ending on or about June 30, 1999) the ratio of EBITDA for such Test Period to Interest Expense for such Test Period to be less than 2.75:1.00 and (y) for any Test Period ending thereafter the ratio of EBITDA for such Test Period to Interest Expense for such Test Period to be less than 3.00:1.00.
EBITDA to Interest Expense Ratio. Permit, for any Measurement Period, the ratio of (i) EBITDA to (ii) Interest Expense to be less than (A) 1.50 to 1.00, for any Measurement Period ending on or before Xxxxx 00, 0000, (X) 2.00 to 1.00 for any Measurement Period ending after March 31, 2005 and on or before December 31, 2005 or (C) 2.50 to 1.00 for any Measurement Period ending after December 31, 2005. For avoidance of doubt, it is agreed that such ratio will be computed for an entire Measurement Period and not for each day in such Measurement Period.
EBITDA to Interest Expense Ratio. The Borrower will not permit its ratio of EBITDA to Total Interest Expense (calculated quarterly at the end of each Fiscal Quarter on a rolling four quarter basis) to be less than 9.0 to 1.0 at any time.
EBITDA to Interest Expense Ratio. Gerdau shall not permit the ratio of Minimum EBITDA to Interest Expense calculated for any period of four consecutive fiscal quarters ending on each Date of Determination to be less than 3.0:1.0.
EBITDA to Interest Expense Ratio. As of the end of each(i) the fiscal quarter of Guarantor ending December 31, 2023, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.50 to 1.00 (ii) the fiscal quarters of Guarantor ending on March 31, 2024 and June 30, 2024, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.30 to 1.00 and (iii) each fiscal quarter thereafter, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.40 to 1.00, in each case, calculated on a trailing four-quarter basis.
EBITDA to Interest Expense Ratio. In the case of TWC and its Consolidated Subsidiaries, permit, for any Measurement Period, the ratio of (i) EBITDA to (ii) Interest Expense to be less than (A) 2.50 to 1.00, for any Measurement Period ending on or before December 31, 2007 or (B) 3.00 to 1.00 for any Measurement Period ending after December 31, 2007. For avoidance of doubt, it is agreed that such ratio will be computed for an entire Measurement Period and not for each day in such Measurement Period.
EBITDA to Interest Expense Ratio. The Borrower shall not permit for any period consisting of four consecutive fiscal quarters then ending the ratio of EBITDA for such period to Interest Expense for such period to be less than 4.0:1.
