INTEREST COVERAGE

INTEREST COVERAGE. Means (a) Consolidated EBITDA divided by (b) the Consolidated Interest Expense for Borrower determined as follows: (i) for the quarter ended March 31, 2002, Consolidated Interest Expense and Consolidated EBITDA shall be calculated at the end of such quarter and annualized by multiplying such items for the quarter by four, (ii) for the quarter ending June 30, 2002, Consolidated Interest Expense and Consolidated EBITDA shall be calculated at... the end of such quarter, added to the total Consolidated Interest Expense and Consolidated EBITDA (as appropriate) for the previous quarter and annualized by multiplying such sums by two, (c) for the quarter ending September 30, 2002, Consolidated Interest Expense and Consolidated EBITDA shall be calculated at the end of such quarter, added to the total Consolidated Interest Expense and Consolidated EBITDA (as appropriate) for the previous two quarters and annualized by multiplying such sums by 1.33333, (d) for all quarters ending on or after December 31, 2002, Consolidated Interest Expense and Consolidated EBITDA shall be determined on a trailing four-quarter basis. View More