Consolidated Fixed Charge Coverage. Ratio” in Section 1.01 of the Credit Agreement is amended in its entirety to read as follows:
Consolidated Fixed Charge Coverage means at the end of any fiscal quarter the quotient of (a) twice the Consolidated Operating Cash Flow for such fiscal quarter and the immediately preceding fiscal quarter, divided by (b) Consolidated Fixed Charges for the next succeeding four fiscal quarters.
Consolidated Fixed Charge Coverage. Consolidated Funded Debt/EBITDA Ratio" and "Consolidated Tangible Net Worth" are defined in Article 9 of the Agreement.
Examples of Consolidated Fixed Charge Coverage in a sentence
Permit the Consolidated Fixed Charge Coverage Ratio at any time to be less than 1.20 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Consolidated Fixed Charge Coverage Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.50 to 1.00.
More Definitions of Consolidated Fixed Charge Coverage
Consolidated Fixed Charge Coverage and “Consolidated Fixed Charges” set forth in Section 1.1 of the Credit Agreement shall be deemed deleted.
Consolidated Fixed Charge Coverage. RATIO shall mean, for the period in question, the ratio of (a) Consolidated EBITDAR during such period to (b) Consolidated Fixed Charges during such period, all determined on a consolidated basis and in accordance with GAAP. CONSOLIDATED FIXED CHARGES shall mean, for the period in question, the sum of (a) the aggregate amount of all principal payments required to be made by Borrower and its Subsidiaries on all Debt during such period (including the principal portion of payments in respect of Capitalized Leases but excluding principal payments on the Loans), plus (b) Consolidated Interest Expense during such period, plus (b) Consolidated Operating Lease Expense during such period, plus (d) the lesser of (i) all Capital Expenditures made by Borrower and its Subsidiaries during such period (net of any Debt incurred by Borrower or such Subsidiary (other than Loans) to finance such Capital Expenditure) or (ii) $20,000,000.00 plus (e) all provisions for any Federal, state, local and/or foreign income taxes made by Borrower and its Subsidiaries during such period (whether paid or deferred) plus (f) all dividends paid by Borrower on or with respect to any of its capital stock during such period, all determined on a consolidated basis and in accordance with GAAP. CONSOLIDATED INTEREST EXPENSE shall mean, for the period in question, without duplication, all gross interest expense of Borrower and its Subsidiaries (including, without limitation, capitalized interest expense, the interest portion of Capitalized Lease Obligations, the interest portion of any deferred payment obligation and amortization of debt discount and expense) during such period, all determined on a consolidated basis and in accordance with GAAP.
Consolidated Fixed Charge Coverage means, as of any date of determination, the ratio of (a) Ratio” Consolidated EBITDAR for the period of the four fiscal quarters of the Guarantor most recently ended, minus taxes paid in cash during such period, minus maintenance Capital Expenditures for the four fiscal quarters of the Guarantor most recently ended: provided that maintenance Capital Expenditure shall be calculated at 50% of consolidated depreciation expense;
Consolidated Fixed Charge Coverage. Ratio required by” in Section 6.02(g)(C)(iii) is amended to read “First Lien Senior Secured Leverage Ratio (as defined in the Senior Facility Credit Agreement) and the Consolidated Debt Service Ratio required by Section 7.11 of.”
Consolidated Fixed Charge Coverage and "Funded Debt" and by substituting the following new definitions in lieu thereof: Applicable Margin - a percentage equal to (i) 1.25% with respect to LIBOR Loans, (ii) 0% with respect to Base Rate Loans and (iii) .250% with respect to the Unused Line Fee; provided that, commencing March 31, 2001, if there exists no Default or Event of Default, then the Applicable Margin shall be increased or decreased, based upon the Consolidated Funded Debt/Consolidated EBITDA ratio, as follows: Applicable Margin for Applicable Margin Applicable Margin Unused Line Ratio for Base Rate Loans for LIBOR Loans Fee ----- ------------------- --------------- ------------
Consolidated Fixed Charge Coverage with respect to any fiscal period, the ratio of (a) Consolidated EBITDA minus income taxes for such period to (b) the sum of all Consolidated Fixed Charges for such period. Funded Debt - all Debt for Money Borrowed which would, in accordance with GAAP, constitute long term debt, including (a) any Debt with a maturity more than one year after the creation thereof and (b) any Debt for Money Borrowed which is renewable or extendable at the option of a Borrower for a period of more than one year from the date of creation of such Debt for Money Borrowed, including the Revolver Loans.
Consolidated Fixed Charge Coverage is replaced in each instance in Section 1.02(i) of the Credit Agreement with the term “Consolidated Fixed Charge Coverage Ratio”.