Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00.
Appears in 3 contracts
Samples: Credit Agreement (Local Bounti Corporation/De), Credit Agreement (Local Bounti Corporation/De), Credit Agreement (Local Bounti Corporation/De)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers The Borrower will not permit the Consolidated Interest Coverage Ratio Ratio, determined as of the last day of any fiscal quarter of the Borrower ended after the Effective Date to be less than 2.50 3.00 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Harmony Biosciences Holdings, Inc.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as As of the last day of each calendar any fiscal quarter, commencing with the fiscal quarter thereafterending on September 30, 2022, the Borrowers will Borrower shall not permit the Consolidated Interest Coverage Ratio for the Test Period ending on such date to be less than 2.50 to 1.002.50:1.00.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Excelerate Energy, Inc.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30March 31, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00.
Appears in 1 contract
Samples: Subordinated Credit Agreement (Leo Holdings III Corp.)
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as As of the last day of each calendar any fiscal quarter, commencing with the fiscal quarter thereafterending on June 30, 2022, the Borrowers will Borrower shall not permit the Consolidated Interest Coverage Ratio for the Test Period ending on such date to be less than 2.50 to 1.002.50:1.00.
Appears in 1 contract
Samples: Secured Revolving Credit Agreement (Excelerate Energy, Inc.)
