EBITDA to Interest Expense Ratio. Permit, for any Measurement Period, the ratio of (i) EBITDA to (ii) Interest Expense to be less than (A) 1.50 to 1.00, for any Measurement Period ending on or before ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) 2.00 to 1.00 for any Measurement Period ending after March 31, 2005 and on or before December 31, 2005 or (C) 2.50 to 1.00 for any Measurement Period ending after December 31, 2005. For avoidance of doubt, it is agreed that such ratio will be computed for an entire Measurement Period and not for each day in such Measurement Period.
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Sources: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)
EBITDA to Interest Expense Ratio. Permit, for any Measurement Period, the ratio of (i) EBITDA to (ii) Interest Expense to be less than (A) 1.50 to 1.00, for any Measurement Period ending on or before March 31, 2005, (B) 2.00 to 1.00 for any Measurement Period ending aft▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇ ▇, (▇) 2.00 to 1.00 for any Measurement Period ending after March 31, 2005 and nd on or before December 31, 2005 or (C) 2.50 to 1.00 for any Measurement Period ending after December 31, 2005. For avoidance of doubt, it is agreed that such ratio will be computed for an entire Measurement Period and not for each day in such Measurement Period.
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