Consolidated Net Interest Expense Ratio (Section 7.4(a)) Sample Clauses

Consolidated Net Interest Expense Ratio (Section 7.4(a)). The ratio of 1. the difference between A. the sum of (1) earnings before income taxes of IBM and its consolidated Subsidiaries for the period of four consecutive fiscal quarters ended on the date referred to in paragraph (b) above, excluding gains or losses from the divestiture or sale of a business $_____________ (2) Consolidated Net Interest Expense (to the extent deducted in arriving at earnings before income taxes) $_____________ (3) depreciation expense (to the extent deducted in arriving at earnings before income taxes) $_____________ (4) amortization expense (to the extent deducted in arriving at earnings before income taxes) $_____________ (5) restructuring charges made after the Effective Date (to the extent deducted in arriving at earnings before income taxes) $_____________ Total of (1), (2), (3), (4) and (5) above $_____________ and
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Consolidated Net Interest Expense Ratio (Section 7.4(a)). The ratio of 1. the difference between 1. the sum of (1) earnings before income taxes of IBM and its consolidated Subsidiaries for the period of four consecutive fiscal quarters ended on the date referred to in paragraph (b) above, excluding gains or losses from the divestiture or sale of a business $ (2) Consolidated Net Interest Expense (to the extent deducted in arriving at earnings before income taxes) $ (3) depreciation expense (to the extent deducted in arriving at earnings before income taxes) $ (4) amortization expense (to the extent deducted in arriving at earnings before income taxes) $ (5) restructuring charges made after the Effective Date (to the extent deducted in arriving at earnings before income taxes) $ Total of (1), (2), (3), (4) and (5) above $ and
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Related to Consolidated Net Interest Expense Ratio (Section 7.4(a))

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Interest Expense For any period, without duplication, (a) total interest expense incurred (both expensed and capitalized) of the Borrower, the Guarantors and their respective Subsidiaries on funded debt, including the portion of rents payable under a Capitalized Lease allocable to interest expense in accordance with GAAP (but excluding capitalized interest funded under a construction loan interest reserve account), determined on a consolidated basis in accordance with GAAP for such period, plus (b) the Borrower’s, the Guarantors’ and their respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period. Interest Expense shall not include Preferred Distributions or interest on Trust Preferred Equity.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.