Common use of Interest Coverage Ratios Clause in Contracts

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

Sources: Supplemental Credit Agreement (Suiza Foods Corp)

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)