Common use of Interest Coverage Ratios Clause in Contracts

Interest Coverage Ratios. As of the end of any fiscal quarter, the ratio of EBITDA to Consolidated Total Interest Expense shall not be less than the stated ratio for the respective periods set forth below: Period Ratio ------ ----- Effective Date through 10/30/01 2.50:1 10/31/01 through 1/30/02 2.75:1 1/31/02 through 4/29/02 3.00:1 Thereafter 3.50:1 9.1 and EBITDA shall be calculated for the period of four (4) fiscal quarters ending on the date of calculation."

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)

Interest Coverage Ratios. As of the end of any fiscal quarter, the ratio of EBITDA to Consolidated Total Interest Expense shall not be less than the stated ratio for the respective periods set forth below: Period Ratio ------ ----- Effective Date through 10/30/01 1/31/01 2.50:1 10/31/01 through 1/30/02 2.75:1 1/31/02 through 4/29/02 3.00:1 Thereafter 3.50:1 9.1 and EBITDA 1. For the purposes of this Section 9.1, the ratio shall be calculated on a cumulative quarterly basis for the period of four (4) fiscal quarters ending on January 31, 2000 through October 31, 2000, and thereafter for the date of calculationfour fiscal quarters then ending."

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Kti Inc)

Interest Coverage Ratios. As of the end of any fiscal quarter, the ratio of EBITDA to Consolidated Total Interest Expense shall not be less than the stated ratio for the respective periods set forth below: Period Ratio PERIOD RATIO ------ ----- Effective Date through 10/30/01 1/31/02 2.50:1 10/31/01 4/30/02 through 1/30/02 2.75:1 1/31/02 1/31/03 2.60:1 4/30/03 through 4/29/02 3.00:1 1/31/04 3.25:1 Thereafter 3.50:1 9.1 and EBITDA shall be calculated for the period of four (4) fiscal quarters ending on the date of calculation."

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)