Maintenance Test. The Issuer shall ensure that in respect of each Relevant Period ending on a Reference Date: (a) from and including 30 June 2017 until and excluding 30 June 2018, the Net Interest Bearing Debt to EBITDA is not greater than 5.5:1; (b) from and including 30 June 2018 until the Final Maturity Date, the Net Interest Bearing Debt to EBITDA is not greater than 4.5:1; (c) from and including 30 June 2017 until and excluding 30 June 2018, the Interest Cover Ratio shall be greater than 1.5:1; and (d) from and including 30 June 2018 until the Final Maturity Date, the Interest Cover Ratio shall be greater than 2.0:1. calculated in accordance with the calculation principles set out in Clause 13.4 (Calculation Adjustments), on a consolidated basis and based on the most recently delivered Financial Report.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement, Amendment and Restatement Agreement