Minimum Consolidated Interest Coverage Ratio definition

Minimum Consolidated Interest Coverage Ratio means the applicable ratio set forth in the table below opposite the applicable fiscal quarter or such other minimum ratio with respect to Consolidated Interest Coverage Ratio for such fiscal quarter set forth in the Credit Agreement, but only to the extent both (a) Welbilt has requested the Agent consent to such revision and (b) such revised minimum ratio has been consented to in writing by the Agent on or after the date such minimum ratio has been modified in the Credit Agreement, the Agent’s response to such request not to be unreasonably delayed. March 31, 20162019 2.00:1.00 September 30, 20162019 December 31, 20162019 2.50:1.00
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Minimum Consolidated Interest Coverage Ratio. Maintain, as of the last day of each fiscal quarter of the Parent Guarantor, a Consolidated Interest Coverage Ratio equal to or greater than 1.85:1.00.
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Minimum Consolidated Interest Coverage Ratio permitted by Section 8.09(c) of the Credit Agreement during the period _____:1.00 Compliance: yes ______ no _______ SCHEDULE NO. 4 To Compliance Certificate (This Schedule is as of ______________ and pertains period from ___________ to ______________ (the "Measurement Period"))
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Examples of Minimum Consolidated Interest Coverage Ratio in a sentence

  • The Pledgor undertakes to reimburse the Pledgee with respect to such reasonable costs, expenses, taxes, duties and similar charges in accordance with the Loan Documents.

  • Consolidated Interest Coverage Ratio (Line I.A ÷ Line I.B): to 1.00 Minimum Consolidated Interest Coverage Ratio commencing with the Test Period ending September 30, 2015: 3.00 to 1.002 2 During a Permitted Acquisition Period, the minimum Consolidated Interest Coverage Ratio as at the last day of each Test Period shall not be less than 2.75 to 1.00.

  • Permit, as of the last day of any fiscal quarter starting with the fiscal quarter ending March 31, 2018, the Consolidated Interest Coverage Ratio for the twelve-month period ending on such day to be less than the Minimum Consolidated Interest Coverage Ratio as of such day in accordance with the definition thereof.

  • The Consolidated Interest Coverage Ratio determined as provided in Section 8.2.18 [Minimum Consolidated Interest Coverage Ratio] of the Credit Agreement (the ratio of (A) Consolidated EBITDA to (B) Consolidated interest expense, as calculated below) is to 1.00, which is not less than 4.00 to 1.00, the minimum required ratio as set forth in Section 8.2.18 [Minimum Consolidated Interest Coverage Ratio] of the Credit Agreement.

  • Permit the Consolidated Interest Coverage Ratio(a) as of the end of any fiscal quarter of the Company to be less than the ratio set forth below opposite the period in which such day falls: Fiscal Quarter Ended During the Periods Below Minimum Consolidated Interest Coverage Ratio March 31, 2021 2.75:1:00 June 30, 2021 and thereafter 3.00:1.00 Consolidated Leverage Ratio.

  • The Borrower will -------------------------------------------- not allow its Minimum Consolidated Interest Coverage Ratio to be less than (i) 1.25 to 1.0 as of any fiscal quarter through and including the fiscal quarter ended September 30, 1999, (ii) 1.50 to 1.0 as of any fiscal quarter through and including the fiscal quarter ended December 31, 2000, and (iii) 1.75 to 1.0, for any fiscal quarter thereafter.

  • The Consolidated Interest Coverage Ratio determined on a pro forma basis as provided in Section 8.2.6(2)(v) of the Credit Agreement (the ratio of (A) Consolidated EBITDA to (B) Consolidated interest expense, as calculated below) is to 1.00, which is not less than 4.00 to 1.00, the minimum required ratio as set forth in Section 8.2.18 [Minimum Consolidated Interest Coverage Ratio] of the Credit Agreement.

  • The Consolidated Interest Coverage Ratio determined as provided in Section 8.2.17 [Minimum Consolidated Interest Coverage Ratio] of the Credit Agreement (the ratio of (A) Consolidated EBITDA to (B) Consolidated interest expense, as calculated below) is to 1.00, which is not less than 4.00 to 1.00, the minimum required ratio as set forth in Section 8.2.17 [Minimum Consolidated Interest Coverage Ratio] of the Credit Agreement.

  • Minimum Consolidated Interest Coverage Ratio; Minimum Unsecured Interest Coverage Ratio .......................

  • Permit, as of the last day of any fiscal quarter, the Consolidated Interest Coverage Ratio for the twelve-month period ending on such day to be less than the Minimum Consolidated Interest Coverage Ratio as of such day in accordance with the definition thereof.

Related to Minimum Consolidated Interest Coverage Ratio

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBIT for the period of the four prior fiscal quarters ending on such date to (b) Consolidated Interest Charges for such period.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Unencumbered Interest Coverage Ratio means the ratio of (a) the Unencumbered Adjusted NOI to (b) the Unsecured Interest Expense for the immediately preceding calendar quarter.

  • Class C Interest Coverage Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Interest Coverage Amount by the scheduled interest payments due on the Class A Notes, the Class B Notes and the Class C Notes. For the purposes of calculating the Class C Interest Coverage Ratio, the expected interest income on Collateral Debt Obligations, Eligible Investments and the Accounts (to the extent applicable) and the expected interest payable on the Class A Notes, the Class B Notes and the Class C Notes will be calculated using the then current interest rates applicable thereto as at the relevant Measurement Date.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.