Adjusted Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not at any time permit the ratio of (a) Adjusted Consolidated EBITDA to (b) Consolidated Fixed Charges, in each case for the most recently ended four (4) fiscal quarters to be less than 1.50 to 1.00.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. The ratio of Adjusted Consolidated EBITDA determined for the most recently ended calendar quarter to Consolidated Fixed Charges for the most recently ended calendar quarter annualized, shall not be less than 1.75 to 1.0.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. Parent Company will not permit at any time the ratio of (a) Adjusted Consolidated EBITDA to (b) Consolidated Fixed Charges for the prior two (2) most recently ended calendar quarters annualized to be less than 1.70 to 1.00.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA determined for the most recently ended calendar quarter to Consolidated Fixed Charges for such period, to be less than (i) 1.25 to 1.00 on any date of determination that is prior to June 30, 2009 and (ii) 1.35 to 1.00 on any date of determination that is on or after June 30, 2009.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. Commencing with the calendar quarter beginning October 1, 2014 and continuing thereafter, the Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA determined for the most recently ended two (2) calendar quarters, annualized to Consolidated Fixed Charges for the most recently ended two (2) calendar quarters, annualized to be less than 1.75 to 1. Notwithstanding the foregoing, until the REIT and its Subsidiaries have two (2) consecutive calendar quarters of operating results, Adjusted Consolidated EBITDA and Consolidated Fixed Charges shall be determined for the actual periods of operations, annualized in a manner satisfactory to Agent.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. From and after the fiscal quarter commencing on October 1, 2021, the Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges for the most recently ended four (4) fiscal quarters to be less than (a) during the Covenant Relief Period, 1.50 to 1.00, and (b) from and after the Covenant Relief Period Termination Date, 1.60:1.00. For the avoidance of doubt, the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges for the most recently ended four (4) fiscal quarters shall not be tested for the fiscal quarter commencing on July 1, 2021 and ending on September 30, 2021; provided, however, Borrower shall be required to report said ratio for such fiscal quarter in the Compliance Certificate delivered with respect to such fiscal quarter pursuant to §7.4(c).”; and
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not permit the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries, each for the four (4) most recently ended calendar quarters, to be less than 1.40 to 1.00; provided, however, that not more than two (2) quarters during the term of the Loans the ratio of Adjusted Consolidated EBITDA to the Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries may be less than 1.40 to 1 provided that such ratio is in no event less than 1.35 to 1.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges for the most recently ended four (4) fiscal quarters to be less than (a) for the period commencing on April 1, 2022 and ending on June 30, 2023, 1.20 to 1.00, (b) for the period commencing on July 1, 2023 and ending on December 31, 2023, 1.35 to 1.00, and (c) for the period commencing on January 1, 2024 and continuing thereafter, 1.45:1.00; provided, however, notwithstanding the foregoing, from and after the Distributions Covenant Commencement Quarter, the Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges for the most recently ended four (4) fiscal quarters to be less than 1.50 to 1.00.
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges for the most recently ended four (4) fiscal quarters to be less than 1.60 to 1.00 (provided until the financial statements, reports and Compliance Certificate for the fiscal quarter ending September 30, 2014 have been delivered to Agent pursuant to §7.4, Adjusted Consolidated EBITDA and Consolidated Fixed Charges (each, an “Annualized Amount”) shall be, for purposes of this Section, annualized such that (i) during any period prior to which the financial 105 statements, reports and Compliance Certificate for the fiscal quarter ending March 31, 2014 have been delivered to Agent pursuant to §7.4, each Annualized Amount will be determined by multiplying such Annualized Amount for the calendar quarter ended on December 31, 2013 by four (4), (ii) during any period prior to which the financial statements, reports and Compliance Certificate for the fiscal quarter ending June 30, 2014 have been delivered to Agent but after such financial statements, reports and Compliance Certificate for the fiscal quarter ending March 31, 2014 have been delivered to Agent, in each case pursuant to §7.4, each Annualized Amount will be determined by multiplying such Annualized Amount for the two consecutive fiscal quarter period ended March 31, 2014 by two (2) and (iii) during any period prior to which the financial statements, reports, and Compliance Certificate for the fiscal quarter ending September 30, 2014 have been delivered to Agent but after such financial statements, reports and Compliance Certificate for the fiscal quarter ending June 30, 2014 have been delivered to Agent, in each case pursuant to §7.4, each Annualized Amount will be determined by multiplying such Annualized Amount for the three consecutive fiscal quarter period ended June 30, 2014 by four-thirds (4/3)).
Adjusted Consolidated EBITDA to Consolidated Fixed Charges. (a) The Borrower will not at any time permit the ratio of Adjusted Consolidated EBITDA determined for the most recently ended calendar quarter, annualized, to Consolidated Fixed Charges for the most recently ended calendar quarter, annualized, to be less than the following:
