ANNUAL FIXED CHARGE CALCULATION Sample Clauses

ANNUAL FIXED CHARGE CALCULATION. 8.1 The annual revenue from fixed charges for each Fee Year will consist of the sum of: - Return on Investment Cost Base; - Depreciation Expense; - Income Tax Expense; - Other Taxes; and - Operating, Maintenance and Administration Costs; relating to such Fee Year and adjusted for the net balance in the deferral accounts relating to the immediately preceding Fee Year. 8.2 The fixed charge for a Fee Year for a Functional Unit will be determined by dividing the annual revenue from fixed charges for such Fee Year for such Functional Unit by the total Contracted Volumes for such Functional Unit for such Fee Year determined in accordance with the Fee Principles in paragraph 1.11.
Sample 1
AutoNDA by SimpleDocs
ANNUAL FIXED CHARGE CALCULATION. 8.1 The annual revenue from fixed charges for each Fee Year will consist of the sum of: - Return on Investment Cost Base; - Depreciation Expense; - Income Tax Expense; - Other Taxes; and - Operating, Maintenance and Administration Costs; relating to such Fee Year and adjusted for the net balance in the deferral accounts relating to the immediately preceding Fee Year. 8.2 The fixed charge for a Fee Year for the Liquids Pipeline will be determined by dividing the annual revenue from fixed charges for such Fee Year for the Liquids Pipeline by the total Contracted Volumes for the Liquids Pipeline for such Fee Year determined in accordance with the Fee Principles in paragraph 1.11.
Sample 1

Related to ANNUAL FIXED CHARGE CALCULATION

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Fixed Charge Ratio Maintain a Fixed Charge Ratio as determined as of each Calculation Date of not less than 1.50: 1. The Fixed Charge Ratio covenant shall be tested by the Administrative Agent as of each Calculation Date with results based upon the results for the most recent Calculation Period, such calculation and results to be verified by the Administrative Agent.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

  • Consolidated Fixed Charge Coverage Ratio 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.

  • Minimum Fixed Charge Coverage The ratio of (a) Adjusted EBIT for any Rolling Four Quarter Period to (b) Fixed Charges for the same Rolling Four Quarter Period, to be less than 1.50 to 1.00.

  • Fixed Charge Coverage As of the last day of each calendar quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.30 per square foot per annum for each Real Property Asset that is an office property and (ii) $.15 per square foot per annum for each Real Property Asset that is an industrial property, to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Fixed Charges the sum of (i) interest expense (other than payment-in-kind or amortization of fees and costs), (ii) all scheduled principal payments (as such may have been reduced by prior prepayments) and all voluntary prepayments made on Borrowed Money (other than any Refinancing Debt in respect thereof), and (iii) cash Distributions made by the Company. FLSA: the Fair Labor Standards Act of 1938, as amended from time to time.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!