Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period set forth below to be less than the applicable ratio set forth below for such Computation Period: Computation Period Ending Ratio ------------- ----- 4/30/99 - 1/31/00 1.15 to 1 4/30/00 - 7/31/00 1.35 to 1 10/31/00 - 1/31/01 1.50 to 1 4/30/01 - 7/31/01 1.75 to 1 10/31/01 - 1/31/02 2.25 to 1 Thereafter 2.50 to l."
Appears in 2 contracts
Sources: Credit Agreement (Layne Christensen Co), Credit Agreement (Layne Christensen Co)
Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period set forth below to be less than the applicable ratio set forth below for such Computation Periodbelow: Computation Interest Period Ending Coverage Ratio ------------- ----- 4/30/99 - 1/31/00 1.15 to 1 4/30/00 - 7/31/00 1.35 to 1 10/31/00 - 1/31/01 1.50 to 1 4/30/01 - 7/31/01 -------------- 12/31/99 through 9/30/00 1.75 to 1 10/31/01 - 1/31/02 1.0 10/1/00 through 12/31/00 2.00 to 1.0 1/1/01 through 6/30/01 2.25 to 1 Thereafter 1.0 7/1/01 and thereafter 2.50 to l."1.0.
1.7 AMENDMENT TO SECTION 10.6.3. Section 10.6.3 is amended in its entirety to read as follows:
Appears in 1 contract
Sources: Credit Agreement (U S Liquids Inc)
Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period set forth below to be less than the applicable ratio set forth below for such Computation Period: Computation Period Minimum Interest Ending Coverage Ratio ------------- ----- 4/30/99 ------------------ ----------------- 04/30/00 - 1/31/00 1.15 10/31/00 2.65 to 1 4/30/00 01/31/01 - 7/31/00 1.35 to 1 10/31/00 - 1/31/01 1.50 to 1 4/30/01 - 7/31/01 1.75 to 1 10/31/01 - 1/31/02 2.25 04/30/01 3.00 to 1 Thereafter 2.50 3.50 to l.1."
Appears in 1 contract
Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period set forth below to be less than the applicable ratio set forth below for such Computation Periodbelow: Computation Interest Period Ending Coverage Ratio ------------- ----- 4/30/99 - 1/31/00 1.15 to 1 4/30/00 - 7/31/00 1.35 to 1 10/31/00 - 1/31/01 1.50 to 1 4/30/01 - 7/31/01 1.75 to 1 10/31/01 - 1/31/02 -------------- 12/31/00 through 6/30/01 2.25 to 1 Thereafter 1.0 7/1/01 through 9/30/01 2.50 to l."1.0 10/1/01 and thereafter 3.00 to 1.0.
Appears in 1 contract
Sources: Credit Agreement (U S Liquids Inc)
Minimum Interest Coverage. Not permit the Interest Coverage Ratio for any Computation Period set forth below to be less than the applicable ratio set forth below for such Computation Periodbelow: Computation Period Ending Ratio ------------- ----- 4/30/99 - 1/31/00 1.15 COMPUTATION INTEREST PERIOD ENDING: COVERAGE RATIO -------------- -------------- Effective Date through 12/31/99 2.0 to 1 4/30/00 - 7/31/00 1.35 to 1 10/31/00 - 1/31/01 1.50 to 1 4/30/01 - 7/31/01 1.75 to 1 10/31/01 - 1/31/02 1.0 1/1/00 through 12/31/00 2.25 to 1 Thereafter 2.50 1.0 1/1/01 and thereafter 2.5 to l."1.0.
Appears in 1 contract
Sources: Credit Agreement (U S Liquids Inc)