Basic Fixed Charge Coverage Ratio. To maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25:1.0.
Basic Fixed Charge Coverage Ratio. Maintain a Basic Fixed Charge Coverage Ratio of at least 1.50:1.00. This ratio will be calculated as of the last day of each fiscal quarter for which this Agreement requires Borrowers to deliver financial statements, using the results of the twelve-month period ending on the last day of such fiscal quarter. The current portion of long-term liabilities will be measured as of the date twelve (12) months prior to the current financial statement.”
Basic Fixed Charge Coverage Ratio. To maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio as of the end of each fiscal quarter and each fiscal year of at least 1.50:1.
Basic Fixed Charge Coverage Ratio. Maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 2.0:1.0 tested on an annual basis as of the end of each fiscal year. “Basic Fixed Charge Coverage Ratio” means the ratio of (a) EBITDA minus the sum of (i) any dividends or other distributions (with the exception of the special cash dividend of $0.50 per share of common stock to be paid at the end of the second quarter of fiscal year 2011), (ii) a reserve for maintenance capital expenditures in the amount of $6,000,000.00, and (iii) tax expense to (b) all required principal and interest payments with respect to Indebtedness (including but not limited to all payments with respect to capitalized lease obligations of Borrower.) “EBITDA” means for any period of determination, the net income of Borrower before deductions for income taxes, interest expense, depreciation and amortization, all as determined in accordance with GAAP. “Indebtedness” means all interest-bearing obligations, including those represented by bonds, debentures, or other debt securities, except principal reductions on the Revolving Note.
Basic Fixed Charge Coverage Ratio. The Borrower shall maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 2.0 to 1 (calculated as of the end of each fiscal quarter on a rolling four quarter basis). For purposes hereof, the “Basic Fixed Charge Coverage Ratio” means the ratio of (a) EBITDA (as defined above) minus income taxes, minus dividends, withdrawals, other distributions and stock redemption amounts, to (b) the sum of interest expense, the current portion of long term debt and the current portion of capitalized lease obligations.
Basic Fixed Charge Coverage Ratio. With respect to the Parent, maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25 to 1. As used herein, "Basic Fixed Charge Coverage Ratio" means the ratio of (a) the sum of EBITDA, minus income tax, minus dividends, withdrawals, and other distributions to (b) the sum of interest expense and the current portion of long term debt and the current portion of capitalized lease obligations. Interest and principal payments include all cash payments, including but not limited to, those related to senior bank debt, mezzanine debt, seller notes, and realized earn-out payments. As used herein, "EBITDA" has the meaning given in Section 9.4(c) above. This ratio will be calculated at the end of each reporting period for which the Bank requires financial statements, using the results of the twelve-month period ending with that reporting period. The current portion of long-term liabilities will be measured as of the date twelve (12) months prior to the current financial statement.
Basic Fixed Charge Coverage Ratio. Zynex, Inc. to maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25:1.0.
Basic Fixed Charge Coverage Ratio. Section 8.5 of the Loan Agreement is amended and restated in its entirety to read as follows:
Basic Fixed Charge Coverage Ratio. With respect to Radiant Logistics, Inc., maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.1 to 1. As used herein, “Basic Fixed Charge Coverage Ratio” means the ratio of (a) the sum of EBITDA (defined in Section 9.4 above), plus lease expense and rent expense, minus income tax, minus dividends, withdrawals and other distributions, to (b) the sum of interest expense, lease expense, rent expense, the current portion of long-term debt (excluding the current portion of Contingent Liabilities (defined in Section 9.4 above)), and the current portion of capitalized lease obligations. This ratio will be calculated at the end of each reporting period for which the Bank requires financial statements, using the results of the twelve-month period ending with that reporting period. The current potion of long-term liabilities will be measured as of the last day of the calculation period. Amounts outstanding under Facility No. 1 or Facility No. 2 (added by the Second Modification) shall not be considered current obligations for purposes of the foregoing calculation.
Basic Fixed Charge Coverage Ratio. Maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.2: 1.0. "Basic Fixed Charge Coverage Ratio" means the ratio of (a) the sum of EBITDA plus lease expense and rent expense minus the sum of taxes paid and dividends, to (b) the sum of interest expense, lease expense, rent expense, the current portion of long term debt and the current portion of capitalized lease obligations. "EBITDA" means net income, less income or plus loss from discontinued operations and extraordinary items, plus income tax expense, plus interest expense, plus depreciation, depletion, amortization and other non-cash charges. Eminent domain related expenses would be deemed an extraordinary expense in calculating this ratio for compliance purposes. (Note: for purposes of calculating this ratio for pricing pursuant to Section 2.2 hereof, eminent domain related expenses [identified as "taking and other expenses" on its financial statements] would NOT be deemed an extraordinary expense.) This ratio will be calculated at the end of each reporting period for which the Bank requires financial statements from PC, using the results of the twelve-month period ending with that reporting period. The current portion of long-term liabilities will be measured as of the date 12 months prior to the current financial statement.
