Common use of Ratio of EBITDA to Interest Expense Clause in Contracts

Ratio of EBITDA to Interest Expense. The Parent shall not permit the ratio of (i) EBITDA of the Parent and its Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ending to (ii) Interest Expense of the Parent and its Subsidiaries determined on a consolidated basis for such period, to be less than 1.70 to 1 for any such period. (i) The Credit Agreement is amended by deleting Section 8.1.(d) in its entirety and substituting in its place the following:

Appears in 1 contract

Sources: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Ratio of EBITDA to Interest Expense. The Parent shall not permit the ratio of (i) EBITDA of the Parent and its Subsidiaries determined on a consolidated basis for the period of four consecutive fiscal quarters most recently ending to (ii) Interest Expense of the Parent and its Subsidiaries determined on a consolidated basis for such period, to be less than 1.70 1.80 to 1 for any such period. (ik) The Credit Agreement is amended by deleting Section 8.1.(d8.1(e)(iv) in its entirety entirely and substituting in its place the following:

Appears in 1 contract

Sources: Credit Agreement (Pennsylvania Real Estate Investment Trust)