Common use of Interest Coverage Ratios Clause in Contracts

Interest Coverage Ratios. (a) Commencing with the fiscal quarter ending March 31, 1999, permit the ratio for each one fiscal quarter period (in the case of the fiscal quarter ending March 31, 1999), two fiscal quarter period (in the case of the fiscal quarter ending June 30, 1999), three fiscal quarter period (in the case of the fiscal quarter ending September 30, 1999) or four fiscal quarter period (in the case of the fiscal quarter ending December 31, 1999) and for each four fiscal quarter period thereafter, of (i) EBITDA of Holdings and its subsidiaries on a Consolidated basis for such period to (ii) the sum of (x) Cash Interest Expense of Holdings and its subsidiaries on a Consolidated basis for such period PLUS (y) the aggregate amount of all Preferred Dividends paid in cash during such period to be less than 3.00:1.00. (b) Commencing with the fiscal quarter ending March 31, 1999, permit the ratio for each one fiscal quarter period (in the case of the fiscal quarter ending March 31, 1999), two fiscal quarter period (in the case of the fiscal quarter ending June 30, 1999), three fiscal quarter period (in the case of the fiscal quarter ending September 30, 1999) or four fiscal quarter period (in the case of the fiscal quarter ending December 31, 1999) and for each four fiscal quarter period thereafter, of (i) the sum of (x) EBITDA of Holdings and its subsidiaries on a Consolidated basis for such period MINUS (y) the aggregate amount of all Maintenance Capital Expenditures made by the Borrowers and their subsidiaries during such period to (ii) the sum of (x) Cash Interest Expense of Holdings and its subsidiaries on a Consolidated basis for such period PLUS (y) the aggregate amount of all Preferred Dividends paid in cash during such period to be less than 2.50:1.00.

Interest Coverage Ratios. (a) Commencing with the fiscal quarter ending March 31, 1999, permit Permit the ratio for each one fiscal quarter period (in the case of the fiscal quarter ending March 31September 30, 19991998), two fiscal quarter period (in the case of the fiscal quarter ending June 30December 31, 19991998), three fiscal quarter period (in the case of the fiscal quarter ending September 30March 31, 1999) or four fiscal quarter period (in the case of the fiscal quarter ending December 31June 30, 1999) and for each four fiscal quarter period thereafter, commencing with the fiscal quarter ending September 30, 1998, of (i) EBITDA of Holdings the Borrowers and its their subsidiaries on a Consolidated basis for such period to (ii) the sum of (x) Cash Interest Expense of Holdings the Borrowers and its their subsidiaries on a Consolidated basis for such period PLUS plus (y) the aggregate amount of all Preferred Dividends paid in cash during such period to be less than 3.00:1.00. (b) Commencing with the fiscal quarter ending March 31, 1999, permit Permit the ratio for each one fiscal quarter period (in the case of the fiscal quarter ending March 31September 30, 19991998), two fiscal quarter period (in the case of the fiscal quarter ending June 30December 31, 19991998), three fiscal quarter period (in the case of the fiscal quarter ending September 30March 31, 1999) or four fiscal quarter period (in the case of the fiscal quarter ending December 31June 30, 1999) and for each four fiscal quarter period thereafter, commencing with the fiscal quarter ending September 30, 1998, of (i) the sum of (x) EBITDA of Holdings the Borrowers and its their subsidiaries on a Consolidated basis for such period MINUS minus (y) the aggregate amount of all Maintenance Capital Expenditures made by the Borrowers and their subsidiaries during such period to (ii) the sum of (x) Cash Interest Expense of Holdings the Borrowers and its their subsidiaries on a Consolidated basis for such period PLUS plus (y) the aggregate amount of all Preferred Dividends paid in cash during such period to be less than 2.50:1.00.