Minimum Consolidated Interest Coverage Ratio Sample Clauses
The Minimum Consolidated Interest Coverage Ratio clause sets a required threshold for the ratio of a company's earnings to its interest expenses. Typically, this clause mandates that the borrower must maintain a certain level of earnings (often measured as EBITDA or a similar metric) relative to its interest obligations, calculated on a consolidated basis across all relevant entities. For example, a loan agreement might require the borrower to keep this ratio above a specified number, such as 2.0, at all times or at the end of each financial quarter. The core function of this clause is to ensure the borrower maintains sufficient financial health to meet its debt service obligations, thereby protecting lenders from the risk of default due to inadequate earnings.
POPULAR SAMPLE Copied 1 times
Minimum Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio with respect to the Borrower and its Subsidiaries as of the last day of any Measurement Period ending on or after the Closing Date to be less than 2.75:1.00.
Minimum Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.
Minimum Consolidated Interest Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00.
Minimum Consolidated Interest Coverage Ratio. The Credit Parties shall not permit the Consolidated Interest Coverage Ratio as of the last day of any fiscal quarter of the Consolidated Parties to be less than 2.50 to 1.0.
Minimum Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Company to be less than the ratio set forth below opposite such fiscal quarter: June 30, 2020October 2, 2020December 31, 2020 March 31, 2021 2.00:1
Minimum Consolidated Interest Coverage Ratio. The Borrower will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Borrower set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: June 30, 2005 2.00:1.00 September 30, 2005 2.00:1.00 December 31, 2005 2.00:1.00 March 31, 2006 2.00:1.00 June 30, 2006 2.00:1.00 September 30, 2006 2.00:1.00 December 31, 2006 2.25:1.00 March 31, 2007 2.25:1.00 June 30, 2007 2.25:1.00 September 30, 2007 2.25:1.00 December 31, 2007 2.50:1.00 March 31, 2008 2.50:1.00 June 30, 2008 2.50:1.00 September 30, 2008 2.50:1.00 December 31, 2008 2.75:1.00 March 31, 2009 2.75:1.00 June 30, 2009 2.75:1.00 September 30, 2009 2.75:1.00 Thereafter 3.00:1.00
Minimum Consolidated Interest Coverage Ratio. Prior to the Investment Grade Date, permit the Consolidated Interest Coverage Ratio, for the last day of any Test Period to be less than 2.50 to 1.0.
Minimum Consolidated Interest Coverage Ratio. Manitowoc shall not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of Manitowoc set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio March 31, 2014June 30, 2014September 30, 2014December 31, 2014 March 31, 2015June 30, 2015September 30, 2015December 31, 2015March 31, 2016,and thereafter 2.25:1.002.50:1.002.50:1.002.50:1.00 2.75:1.002.75:1.002.75:1.002.75:1.00 3.00:1.00
Minimum Consolidated Interest Coverage Ratio. The Company shall not permit the Consolidated Interest Coverage Ratio as of the last day of the most recently ended Fiscal Quarter to be less than 4.00 to 1.0.
Minimum Consolidated Interest Coverage Ratio. The Servicer will not permit the Consolidated Interest Coverage Ratio for any fiscal quarter of the Servicer set forth below to be less than or equal to the ratio set forth opposite such fiscal quarter below: