Common use of Consolidated EBITDA to Consolidated Interest Expense Clause in Contracts

Consolidated EBITDA to Consolidated Interest Expense. As of the last day of any fiscal quarter of the Borrower on which both (x) the Reference Rating by S&P is BBB- or lower (or does not exist) and (y) the Reference Rating by ▇▇▇▇▇’▇ is Baa3 or lower (or does not exist), the ratio of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, in each case, for the four-quarter fiscal period ending on such day shall be at least 2.75 to 1.0.