Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the Loan Parties will not permit the Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, to be less than 2.50 to 1.00.
Appears in 4 contracts
Sources: Credit Agreement (Integral Ad Science Holding Corp.), Credit Agreement (Integral Ad Science Holding Corp.), Credit Agreement (Cvent Holding Corp.)
Minimum Interest Coverage Ratio. Beginning As of the end of any fiscal quarter, beginning with the first full fiscal quarter ending after the one (1) year anniversary of the Effective Date, or if earlier, the first fiscal quarter ending after the Effective DateDate in which the following covenant is satisfied, the Loan Parties will Borrower shall not permit the its Total Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than 2.50 1.50 to 1.00.
Appears in 3 contracts
Sources: Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (KKR FS Income Trust), Loan and Security Agreement (KKR FS Income Trust)
Minimum Interest Coverage Ratio. Beginning with The Loan Parties shall not as of the first full last day of any fiscal quarter ending after the Effective Date, the Loan Parties will not permit the Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than 2.50 3.00 to 1.00. This covenant shall be calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended.
Appears in 3 contracts
Sources: Credit Agreement (Helios Technologies, Inc.), Credit Agreement (Helios Technologies, Inc.), Credit Agreement (Helios Technologies, Inc.)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on calculated as of the last day of each applicable fiscal quarterquarter for the four (4) fiscal quarters then ended, to be less than 2.50 to 1.001.0.
Appears in 3 contracts
Sources: Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation), Credit Agreement (Calgon Carbon Corporation)
Minimum Interest Coverage Ratio. Beginning As of the end of any fiscal quarter (as measured on the immediately following Quarterly Payment Date), beginning with the first full quarter ending twelve (12) months after the Effective Date or, if earlier, the fiscal quarter ending after when the Effective Datefollowing test was first passed, the Loan Parties will Borrower shall not permit the Total Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than 2.50 1.50 to 1.00.
Appears in 2 contracts
Sources: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Interest Coverage Ratio, determined calculated as of the end of each fiscal quarter for the most recent period equal to the four consecutive (4) fiscal quarter period ending on the last day of each applicable fiscal quarterquarters then ended, to be less than 2.50 2.75 to 1.00.1.00.the minimum Interest Coverage Ratio set forth opposite the date of each fiscal quarter of the Borrower set forth below:
Appears in 2 contracts
Sources: Credit Agreement (Papa Johns International Inc), Credit Agreement (Papa Johns International Inc)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Interest Coverage Ratio, determined calculated as of the end of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2018, for the most recent four consecutive (4) fiscal quarter period ending on the last day of each applicable fiscal quarterquarters then ended, to be less than 2.50 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Healthcare Services Group Inc), Credit Agreement (Healthcare Services Group Inc)
Minimum Interest Coverage Ratio. Beginning Commencing with the first full fiscal quarter ending after the Effective Funding Date, the Loan Parties will not permit the Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on Ratio as of the last day of each applicable any four fiscal quarter, quarter period of the Borrower to be less than 2.50 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Waldencast PLC), Credit Agreement (Waldencast Acquisition Corp.)
Minimum Interest Coverage Ratio. Beginning As of the end of any fiscal quarter, beginning with the first full quarter ending twelve (12) months after the Effective Date or, if earlier, the fiscal quarter ending after when the Effective Datefollowing test was first passed, the Loan Parties will Borrower shall not permit the its Total Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than 2.50 1.50 to 1.00.
Appears in 2 contracts
Sources: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)
Minimum Interest Coverage Ratio. Beginning Starting with the first full fiscal quarter ending after the Effective DateJune 30, 2025, the Loan Parties Borrower will not permit the Interest Coverage Ratio, determined for Ratio as of the most recent four consecutive end of any fiscal quarter period ending on the last day of each applicable fiscal quarter, to be less than 2.50 1.50 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Millrose Properties, Inc.), Credit Agreement (Millrose Properties, Inc.)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective DateMarch 31, 2017, the Loan Parties Borrower will not permit the Interest Coverage Ratio, determined as of the end of each of its fiscal quarters in each case for the most recent period of four (4) consecutive fiscal quarter period quarters ending on with the last day end of each applicable such fiscal quarter, all calculated for the Borrower and its Restricted Subsidiaries on a consolidated basis to be less than 2.50 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Myriad Genetics Inc), Credit Agreement (Myriad Genetics Inc)
Minimum Interest Coverage Ratio. Beginning Commencing with the end of the first full fiscal quarter ending after the Effective Date, the Loan Parties will not permit the Interest Coverage Ratio, determined for Ratio as of the most recent four consecutive end of each fiscal quarter period ending on the last day of each applicable fiscal quarter, to be less than 2.50 3.00 to 1.00.
Appears in 2 contracts
Sources: Credit Agreement (Brinks Co), Credit Agreement (Brinks Co)
Minimum Interest Coverage Ratio. Beginning As of the last day of each fiscal quarter, commencing with the first full fiscal quarter ending after the Effective Borrowing Limit Election Date, the Loan Parties Borrower will not permit the its Consolidated Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than 2.50 3.00 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (NOW Inc.)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective DateDecember 31, 2016, the Loan Parties Borrower will not permit the Interest Coverage Ratio, determined as of the end of each of its fiscal quarters in each case for the most recent period of four (4) consecutive fiscal quarter period quarters ending on with the last day end of each applicable such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis to be less than 2.50 3.50 to 1.00.
Appears in 1 contract
Minimum Interest Coverage Ratio. Beginning Commencing with the end of the first full fiscal quarter ending after the Effective Datedate of Closing, the Loan Parties Company will not permit the Interest Coverage Ratio, determined for Ratio as of the most recent four consecutive end of each fiscal quarter period ending on the last day of each applicable fiscal quarter, to be less than 2.50 3.00 to 1.00.
Appears in 1 contract
Sources: Note Purchase Agreement (Brinks Co)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Interest Coverage RatioRatio of the Borrowers and their Subsidiaries, determined calculated as of the end of each fiscal quarter for the most recent four consecutive immediately preceding fiscal quarters, beginning with the fiscal quarter period first ending on after the last day of each applicable fiscal quarterClosing Date and continuing thereafter, to be less than 2.50 3.00 to 1.00.
Appears in 1 contract
Minimum Interest Coverage Ratio. Beginning As of the end of each fiscal quarter, commencing with the end of the first full fiscal quarter ending after the Effective Closing Date, the Loan Parties Company will not permit the Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than 2.50 4.00 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (Miller Herman Inc)
Minimum Interest Coverage Ratio. Beginning with The Loan Parties shall not permit the first full Interest Coverage Ratio to be less than 2.25 to 1.00 as of the end of any fiscal quarter ending after the Effective Closing Date, the Loan Parties will not permit the Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, to be less than 2.50 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (Ferroglobe PLC)
Minimum Interest Coverage Ratio. Beginning with The Borrower, as of the first full close of each fiscal quarter ending after of the Effective DateBorrower specified below, the Loan Parties will not permit the its Interest Coverage Ratio, determined for the most recent four consecutive fiscal quarter period ending on the last day of each applicable fiscal quarter, Ratio to be less than (i) 1.15 to 1 for the Borrower's fiscal quarter ended December 31, 2000, (ii) 2.00 to 1 for the Borrower's fiscal quarter ended March 31, 2001 and (iii) 2.50 to 1.001 for each fiscal quarter of the Borrower ending thereafter.
Appears in 1 contract
Sources: Secured Credit Agreement (Maverick Tube Corporation)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Interest Coverage Ratio, determined for calculated as of the most recent four consecutive end of each fiscal quarter period then ended commencing September 30, 2018 and for each fiscal year then ending on the last day of each applicable fiscal quartercommencing December 31, 2018, to be less than 2.50 2.00 to 1.00.
Appears in 1 contract
Sources: Senior Secured Revolving Credit Facility (Shotspotter, Inc)
Minimum Interest Coverage Ratio. Beginning As of the end of each Fiscal Quarter, commencing with the first full fiscal quarter Fiscal Quarter ending after the Effective DateJune 30, the Loan Parties 2018, Borrower will not permit the Interest Coverage Ratio, determined for Ratio as of the most recent four consecutive fiscal quarter period ending on the last day end of each applicable fiscal quarter, such Fiscal Quarter to be less than 2.50 to 1.00.
Appears in 1 contract
Sources: Credit Agreement (Unit Corp)
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Interest Coverage Ratio, determined for calculated as of the most recent four consecutive fiscal quarter period ending on the last day end of each applicable fiscal quarter, to be less than 2.50 the following amounts for the following periods: Closing Date through December 31, 2010 2.0 to 1.00.1.0 March 31, 2011 and thereafter 2.5 to 1.0
Appears in 1 contract
Minimum Interest Coverage Ratio. Beginning with the first full fiscal quarter ending after the Effective Date, the The Loan Parties will shall not permit the Consolidated Interest Coverage RatioRatio of the Company and its Subsidiaries, determined for as measured at the most recent four consecutive fiscal quarter period ending on the last day end of each applicable fiscal quarter, to be less than 2.50 (i) for the fiscal quarter ended December 31, 2013, 3.00 to 1.00, and (ii) for each fiscal quarter thereafter, 3.50 to 1.00.
Appears in 1 contract