Interest Cover definition

Interest Cover means, in respect of any Relevant Period, the ratio of Consolidated EBIT for that Relevant Period to Consolidated Net Finance Charges for that Relevant Period.

Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period.

Interest Cover means as of any date of determination the ratio of EBITDA to Finance Charges in respect of the most recently-ended Relevant Period.

Examples of Interest Cover in a sentence

• We confirm that in respect of relevant the Relevant Period, the Interest Cover Ratio is [●]].

• The Issuer shall, as long as any Bond remains outstanding, ensure that the Interest Cover Ratio on each testing date shall be equal to or shall exceed 1.2.

• The Interest Cover Required Amount may not be sufficient to cover any shortfall between the amounts of interest received by the CBC and the rate of interest payable on the Covered BondsThe CBC is required, among other things, to deduct an amount equal to the Interest Cover Required Amount from the Asset Cover Test to cater for certain interest rate risks.

• For the avoidance of doubt, the Interest Cover Ratio will not be considered to be breached on a testing date, if in relation to the Annual Relevant Period immediately preceding such testing date the Finance Charges are negative or equal to zero.

• When the Interest Cover Ratio is measured under the Incurrence Test, the calculation of the Interest Cover Ratio shall be made for the Reference Period ending on the last day of the period covered by the most recent Financial Report.

More Definitions of Interest Cover

Interest Cover has the meaning given to that term in Clause 26.1 (Financial definitions).

Interest Cover means, in respect of any Relevant Period, the ratio of Consolidated EBITDA for that Relevant Period to Consolidated Net Finance Charges for that Relevant Period.

Interest Cover. Interest Cover in respect of any Relevant Period specified in column 1 below shall be or shall exceed the ratio set out in column 2 below opposite that Relevant Period.

Interest Cover means the ratio of EBITDA to Net Finance Charges in respect of any Relevant Period. Leverage means in respect of any Relevant Period the ratio of Total Net Debt on the last day of that Relevant Period to Adjusted Acquisition EBITDA in respect of that Relevant Period. Net Finance Charges means, for any Relevant Period, the Finance Charges for that Relevant Period after deducting any interest payable in that Relevant Period to any member of the Group on any cash or Cash Equivalent investment.

Interest Cover means the ratio of Consolidated EBITDA to Net Finance Charges in respect of any Measurement Period.

Interest Cover means, in respect of any Reference Period, the ratio of (i) Consolidated EBITDA plus all financial income in each case for that Reference Period to(ii) Consolidated Financial Payable for that Reference Period.

Interest Cover means the ratio of Earnings Before Interest, Tax and Depreciation (EBITDA) to Total Interest Costs (net of any interest receivable).