Annualized Operating Cash Flow to Pro Forma Debt Service Ratio Sample Clauses

Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance hereunder (after giving effect to such Advance), (c) upon the incurrence by the Borrower of any Subordinated Debt (after giving effect thereto), (d) at the time of any Asset Disposition by the Borrower or any Restricted Subsidiary, and (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary, the Borrower shall not permit the ratio of (i) Annualized Operating Cash Flow (for the calendar quarter end being tested in the case of Section 7.10(a) hereof, or for the most recently completed fiscal quarter end for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.10(b), (c), (d) and (e) hereof) to (ii) Pro Forma Debt Service to be less than 1.25:1.
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Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. The Borrower shall not permit the ratio of its Annualized Operating Cash Flow to its Pro Forma Debt Service to be less than 1.00:1 for any fiscal quarter.
Sample 1
Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance which increases the aggregate principal amount of the Loans outstanding hereunder, and (c) at the time of any proposed sale, lease, transfer, exchange or other disposition of assets, any proposed acquisition of assets, or any proposed investment in any other Person, the Borrower shall not permit the ratio of (1) Annualized Operating Cash Flow, minus cash taxes for the calendar quarter end being tested in the case of Section 7.10(a) hereof, or the most recent quarter end for which financial statements are required to be delivered to the Administrative Agent and the Lenders pursuant to Sections 6.1 and 6.2 hereof in the case of Sections 7.10(b) and (c) hereof, to (2) Pro Forma Debt Service to be less than 1.15 to 1.
Sample 1
Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance hereunder (after giving effect to such Advance), (c) upon the incurrence by the Borrower of any Subordinated Debt (after giving effect thereto), (d) at the time of any proposed sale, exchange or other disposition of assets by the Borrower or any Restricted Subsidiary, and (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary, the Borrower shall not permit the ratio of (i) Annualized Operating Cash Flow (for the calendar quarter end being tested in the case of Section 7.10(a) hereof, or for the most recently completed fiscal quarter end for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.10(b), (c), (d) and (e) hereof) to (ii) Pro Forma Debt Service to be less than the ratios set forth below during the periods indicated: -71- 77 Period Ratio Agreement Date through March 31, 1997 1.15:1 April 1, 1997 and thereafter 1.25:1
Sample 1
Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. (a) As of the end of any calendar quarter, (b) at the time of any Advance hereunder (after giving effect to such Advance), (c) upon the incurrence by the Borrower of any Subordinated Debt (after giving effect thereto), (d) at the time of any Asset Disposition by the Borrower or any Restricted Subsidiary, (e) at the time of any acquisition or investment by the Borrower or any Restricted Subsidiary and (f) at the time of the issuance of any Letter of Credit (after giving effect to such Letter of Credit), the Borrower shall not permit the ratio of (i) Annualized Operating Cash Flow (for the calendar quarter end being tested in the case of Section 7.10(a) hereof, or for the most recently completed fiscal quarter end for which financial statements are required to have been delivered pursuant to Section 6.1 or 6.2 hereof, as the case may be, in the case of Sections 7.10(b), (c), (d) and (e) hereof) to (ii) Pro Forma Debt Service to be less than or equal to 1.25:1.00.
Sample 1
Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. The Borrower shall not permit the ratio of its Annualized Operating Cash Flow to its Pro Forma Debt Service to be less than the ratio set forth below for any fiscal quarter ending during the periods indicated below:
Sample 1
Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. The Borrower, on a Consolidated basis, will not permit the ratio of Annualized Operating Cash Flow for any fiscal quarter to Pro Forma Debt Service for the twelve months next following such fiscal quarter and calculated at the end of such fiscal quarter, to be less than 1.1 to 1 at the end of any fiscal quarter.
Sample 1
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Annualized Operating Cash Flow to Pro Forma Debt Service Ratio. Permit the ratio of (i) Annualized Operating Cash Flow for any period of four consecutive fiscal quarters of the Borrower to (ii) Pro Forma Debt Service for such period to be less than 1.10 to 1.00.
Sample 1

Related to Annualized Operating Cash Flow to Pro Forma Debt Service Ratio

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Debt Service Ratio In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.00, a ratio of (i) net income plus interest, depreciation, amortization, unfunded capital expenditures, and cash taxes paid, calculated based on the three (3) month period ending as of the date tested, to (ii) principal and interest expense with respect to the Obligations, calculated based on the three (3) month period ending as of the date tested, of greater than 1.25 to 1.0."

  • Consolidated Debt Service Coverage Ratio Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Consolidated Senior Leverage Ratio Permit at any time the Consolidated Senior Leverage Ratio to exceed the ratio set forth opposite the applicable period below: Consolidated Period Senior Leverage Ratio ------ --------------------- March 30, 2003 2.30 : 1.00 March 31, 2003 - June 29, 2003 2.20 : 1.00 June 30, 2003 - December 28, 2003 2.00 : 1.00 December 29, 2003 and thereafter 1.75 : 1.00

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • 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

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