Common use of EBITDA to Interest Expense Ratio Clause in Contracts

EBITDA to Interest Expense Ratio. As of the end of each fiscal quarter of Guarantor (i) commencing on October 1, 2023 and ending on December 31, 2023, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.50 to 1.00, (ii) commencing on January 1, 2024 and ending on June 30, 2024, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.30 to 1.00, and (iii) commencing on and after July 1, 2024, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.40 to 1.00, in each case calculated on a trailing four-quarter basis.

EBITDA to Interest Expense Ratio. As of the end of each fiscal quarter of Guarantor commencing with the fiscal quarter, (ia) commencing on October 1, 2023 and ending on December 31, 2022 2023, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.50 to 1.00, (iib) commencing ending on January 1March 31, 2024 and ending on June 30, 2024, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.30 to 1.00, (c) ending on September 30, 2024 and (iii) commencing on and after July 1, 2024thereafter, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.40 to 1.00, in each case case, calculated on a trailing four-quarter basis.

EBITDA to Interest Expense Ratio. As of the end of each each(i) the fiscal quarter of Guarantor (i) commencing on October 1, 2023 and ending on December 31, 2023, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.50 to 1.00, 1.00 (ii) commencing the fiscal quarters of Guarantor ending on January 1March 31, 2024 and ending on June 30, 2024, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.30 to 1.00, 1.00 and (iii) commencing on and after July 1, 2024each fiscal quarter thereafter, the ratio of Guarantor’s EBITDA to Guarantor’s Interest Expense shall not at any time be less than 1.40 to 1.00, in each case case, calculated on a trailing four-quarter basis.