Interest Expense Coverage. The Borrower shall maintain at the ------------------------- end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on September 30, 1995, a ratio of (a) Total Base Rents for such Fiscal Quarter to (b) Net Interest Expense for such Fiscal Quarter, of not less than 2:1.
Interest Expense Coverage. The Company will not permit the ratio of
Interest Expense Coverage. The Company shall maintain Interest Expense Coverage of not less than the following amounts for the following periods of time:
Interest Expense Coverage. The ratio of Adjusted EBITDA to Interest Expense for the then immediately preceding twelve (12) full calendar months shall not be less than 2.50 to 1.
Interest Expense Coverage. The ratio of Adjusted EBITDA to Interest Expense is not less than 2.10 to 1.
Interest Expense Coverage. The Company will not permit the ratio of EBITDA to Consolidated Interest Expense,
Interest Expense Coverage. The Interest Expense Coverage as determined on each Calculation Date shall be not less than 1.75:1. The Interest Expense Coverage covenant shall be tested by the Administrative Agent on the Calculation Date with results based upon the results for the most recent Calculation Period, such calculation and results to be as determined solely by the Administrative Agent.
Interest Expense Coverage. As at the last day of each fiscal quarter of the Borrower, commencing on June 30, 1997, permit the ratio of (i) EBIT as of such date to (ii) Consolidated Interest Expense for the four fiscal quarters ending on such date, to be less than 2.0:1.0.
Interest Expense Coverage. Permit (x) for any fiscal quarter (an "Interim Quarter") of the Borrower ending after December 1997 but before March 1999 in which the Borrower's EBIT for such fiscal quarter equals or exceeds $10,000,000, as at the last day of such Interim Quarter, and of each fiscal quarter thereafter to but not including the fiscal quarter ending in March 1999, permit the ratio of (i) EBIT for such quarter to (ii) Consolidated Interest Expense for such quarter to be less than 1.0 to 1.0; and (y) for the fiscal quarter of the Borrower ending in March 1999, as of the last day of such fiscal quarter, the ratio of (i) EBIT for such quarter to (ii) Consolidated Interest Expense for such quarter to be less than 2.0 to 1.0; and (z) as at the last day of each fiscal quarter of the Borrower ending in June 1999 or thereafter the ratio of (i) EBIT for the four fiscal quarters ending on such date to (ii) Consolidated Interest Expense for the four fiscal quarters ending on such date, to be less than 2.0 to 1.0.
Interest Expense Coverage. Permit for any fiscal quarter the ratio of (i) EBITDA (as calculated pursuant to Exhibit G hereto) to (ii) total interest expense paid or accrued on all Indebtedness to be less than 3.00 to 1.00.
