Common use of Aggregate Fixed Charge Coverage Ratio Clause in Contracts

Aggregate Fixed Charge Coverage Ratio. Lessee shall maintain an Aggregate Fixed Charge Coverage Ratio at all of the FCCR Properties in the aggregate of at least 1.25:1, calculated as of the last day of each fiscal year of Lessee (each, a "Fiscal Year"). For purposes of this Lease, the term "Aggregate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time ending on the date of calculation, the ratio calculated for such period of time of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 4% of Aggregate Gross Sales, to (b) the sum of the Operating Lease Expense and the Equipment Payment Amount. For purposes of this Section 8, the following terms shall be defined as set forth below:

Appears in 4 contracts

Samples: Master Lease (Cracker Barrel Old Country Store, Inc), Master Lease (Cracker Barrel Old Country Store, Inc), Master Lease (Cracker Barrel Old Country Store, Inc)

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Aggregate Fixed Charge Coverage Ratio. Lessee shall maintain or cause to be maintained an Aggregate Fixed Charge Coverage Ratio at calculated for all of the FCCR Properties in the aggregate of at least 1.25:11.50:1, calculated determined as of the last day of each fiscal year of Lessee (each, a "Fiscal Year")Lessee. For purposes of this Lease, the term "Aggregate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time ending on immediately preceding the date of calculationdetermination, the ratio calculated for such period of time time, each as determined in accordance with GAAP, of (a) the sum of Net FCCR Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 45.00% of Aggregate Gross Sales, to (b) the sum of the Operating Lease Expense and the Equipment Payment Amount. For purposes of this Section 88.A, the following terms shall be defined as set forth below:

Appears in 4 contracts

Samples: Master Lease (O Charleys Inc), Master Lease (O Charleys Inc), Master Lease (O Charleys Inc)

Aggregate Fixed Charge Coverage Ratio. Lessee shall maintain cause to be maintained an Aggregate Fixed Charge Coverage Ratio at all of the FCCR Properties in the aggregate of at least 1.25:1, calculated determined as of the last day of each fiscal year of Lessee (each, a "Fiscal Year")Lessee. For purposes of this Lease, the term "Aggregate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time ending on immediately preceding the date of calculationdetermination, the ratio calculated for such period of time time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 45.00% of Aggregate Gross Sales, to (b) the sum of the Operating Lease Expense and the Equipment Payment Amount. For purposes of this Section 88.A, the following terms shall be defined as set forth below:

Appears in 2 contracts

Samples: Master Lease (Uno Restaurant Corp), Master Lease (Uno Restaurant Corp)

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Aggregate Fixed Charge Coverage Ratio. Lessee shall maintain an Aggregate Fixed Charge Coverage Ratio at all of the FCCR Properties in the aggregate of at least 1.25:1, calculated as of determined on the last day of each fiscal year of Lessee (each, a "Fiscal Year"). For purposes of this Lease, the term "Aggregate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time ending on immediately preceding the date of calculationdetermination, the ratio calculated for such period of time time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, less a corporate overhead allocation in an amount equal to 4% of Aggregate Gross Sales, to (b) the sum of the Operating Lease Expense and the Equipment Payment Amount. For purposes of this Section 8Section, the following terms shall be defined as set forth below:

Appears in 1 contract

Samples: Master Lease (Chart House Enterprises Inc)

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