Interest Coverage Ratio

Interest Coverage Ratio. With respect to Guarantor and its Subsidiaries, the Interest Income divided by the Interest Expense.

Interest Coverage Ratio. The Company will not permit the Interest Coverage Ratio to be less than the following respective ratios as at the last day of each fiscal quarter during the following respective periods: Period Ratio ------ ----- From April 1, 1999 through March 31, 2000 1.25 to 1.00 From April 1, 2000 through June 30, 2000 ... 1.50 to 1.00 From July 1, 2000 through September 30, 2000 1.65 to 1.00 From October 1, 2000 through December 31, 2000 1.75 to 1.00 From January 1, 2001 through March 31, 2001 2.00 to 1.00 From April 1, 2001 through June 30, 2001 2.25 to 1.00 From July 1, 2001 through September 30, 2001 2.40 to 1.00 From October 1, 2001 and at all times thereafter 2.50 to 1.00 View More

Interest Coverage Ratio. Subsection 8.1(a) of the Credit Agreement is hereby amended by deleting the columns captioned "Period" and "Ratio" and substituting therefor the following: Period Ratio ------ ----- October 31, 2000 through June 30, 2001 1.35 to 1.00 July 1,... 2001 through September 30, 2001 1.55 to 1.00 October 1, 2001 through September 30, 2002 1.80 to 1.00 October 1, 2002 through September 30, 2003 2.10 to 1.00 October 1, 2003 through December 31, 2003 2.60 to 1.00 January 1, 2004 and thereafter 2.75 to 1.00 View More

Interest Coverage Ratio. Means, for any period, the ratio of (a) Funds Flow from Operations during such period to (b) Interest Expense for such period.

Interest Coverage Ratio. The Guarantor will not permit its Interest Coverage Ratio as of the end of any fiscal quarter of the Guarantor (calculated quarterly at the end of each fiscal quarter) to be less than the ratio set forth below for such period. INTEREST COVERAGE RATIO shall mean the ratio of (i) EBITDA to (ii) the sum of all required payments of interest (whether paid in cash or in kind) during such period on borrowed money: (i) not less than .75 to 1.0 for the twelve... (12) month period ending September 30, 2000; (ii) not less than .80 to 1.0 for the twelve (12) month period ending December 31, 2000; (iii) not less than .90 to 1.0 for the twelve (12) month period ending March 31, 2001; (iv) not less than 1.3 to 1.0 for the twelve (12) month period ending June 30, 2001; (v) not less than 1.5 to 1.0 for the twelve (12) month period ending September 30, 2001; (vi) not less than 1.7 to 1.0 for the twelve (12) month period ending December 31, 2001; (vii) not less than 2.0 to 1.0 for the twelve (12) month period ending March 31, 2002; (viii) not less than 2.25 to 1.0 for the twelve (12) month period ending June 30, 2002; and (ix) thereafter, not less than 2.50 to 1.0 for the twelve (12) month period ending September 30, 2002, and each twelve (12) month period ending at the end of each fiscal quarter of Guarantor. View More

Interest Coverage Ratio. Shall mean, at the end of any fiscal quarter, the ratio computed for the period consisting of such fiscal quarter of (A) EBITDA for such fiscal quarter (excluding non-cash charges for fixed asset and goodwill write downs) to (B) the sum of the Interest Expense for such fiscal quarter plus preferred dividends paid during such fiscal quarter.

Interest Coverage Ratio. On any day, the ratio of (a) EBIT to (b) Interest Expense plus the aggregate amount of cash dividends declared or paid on any preferred stock of the Parent Guarantor for the period of four consecutive fiscal quarters of the Parent Guarantor ending on the last day of the most recent fiscal quarter of the Parent Guarantor. For purposes of this definition, the interest ... expense on the liabilities described in Section 1(l) of Schedule 6 shall be excluded. View More

Interest Coverage Ratio. The Company will not permit ----------------------- the Interest Coverage Ratio to be less than the following respective ratios at any time during the following respective periods: Period Ratio ------ ----- From June 30, 2002 through December 30, 2002 2.50 to 1 ... From December 31, 2002 through March 30, 2003 2.00 to 1 From March 31, 2003 through June 29, 2003 1.50 to 1 From June 30, 2003 through September 29, 2003 1.25 to 1 From September 30, 2003 through December 30, 2003 1.75 to 1 From December 31, 2003 through March 30, 2004 2.00 to 1 From March 31, 2004 and at all times thereafter 2.50 to 1 View More

Interest Coverage Ratio. Permit the ----------------------- Interest Coverage Ratio to be less than: AMENDMENT NO. 1 (SOLUTIA 364-DAY CREDIT AGREEMENT) (1) at any time on or prior to (and including) December 31, 2000, 4.50 to 1.00; (2)... at any time from (and including) January 1, 2001 to (and including) June 30, 2001, 3.75 to 1.00; (3) at any time from (and including) July 1, 2001 to (and including) September 30, 2001, 3.50 to 1.00; (4) at any time from (and including) October 1, 2001 to (and including) December 31, 2001, 3.75 to 1.00; (5) at any time from (and including) January 1, 2002 to (and including) March 31, 2002, 4.00 to 1.00; and (6) at any time from and after April 1, 2002, 4.50 to 1.00. View More

Interest Coverage Ratio. Means, as of any date of determination, and with respect to Marlin Business Services Corp. and its consolidated subsidiaries, EBITDA as a multiple of Interest Expense.