Interest Coverage Ratios. (a) The Company will not permit the Interest Coverage Ratio to be less than the following respective ratios at any time during the following respective periods: Period Ratio ------ ----- From the date hereof through and including June 29, 1997 2.20 to 1 From June 30, 1997 through and including June 29, 1998 2.40 to 1 From June 30, 1998 through and including June 29, 1999 2.75 to 1 From June 30, 1999 through and including June 29, 2000 3.25 to 1 From June 30, 2000 and at all times thereafter 3.75 to 1 (b) The Company will not permit the Senior Interest Coverage Ratio to be less than the following respective ratios at any time during the following respective periods: - 107 - Period Ratio ------ ----- From the date hereof through and including June 29, 1997 3.50 to 1 From June 30, 1997 through and including June 29, 1998 3.75 to 1 From June 30, 1998 through and including June 29, 1999 4.00 to 1 From June 30, 1999 through and including June 29, 2000 4.50 to 1 From June 30, 2000 and at all times thereafter 5.00 to 1
Appears in 1 contract
Interest Coverage Ratios. (a) The Company will not permit the Interest Coverage Ratio to be less than the following respective ratios at any time during the following respective periods: Period Ratio ------ ----- From the date hereof Effective Date through and including June 29, 1997 2.20 to 1 From June 30, 1997 through and including June 29, 1998 2.40 to 1 From June 30, 1998 through and including June 29, 1999 2.75 to 1 From June 30, 1999 through and including June 29, 2000 3.25 to 1 From June 30, 2000 and at all times thereafter 3.75 to 1
(b) The Company will not permit the Senior Interest Coverage Ratio to be less than the following respective ratios at any time during the following respective periods: - 107 - Period Ratio ------ ----- From the date hereof Effective Date through and including June 29, 1997 3.50 to 1 From June 30, 1997 through and including June 29, 1998 3.75 to 1 From June 30, 1998 through and including June 29, 1999 4.00 to 1 From June 30, 1999 through and including June 29, 2000 4.50 to 1 From June 30, 2000 and at all times thereafter 5.00 to 1
Appears in 1 contract
Sources: Credit Agreement (Suiza Foods Corp)