(c) — Fixed Charge Coverage Ratio Sample Clauses

(c) — Fixed Charge Coverage Ratio. Enterprise EBITDA for the twelve-month period ended on the Statement Date (See Annex 1):
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(c) — Fixed Charge Coverage Ratio. Section 9.13(c) of the Loan Agreement is hereby amended to read in full as follows:
Sample 1
(c) — Fixed Charge Coverage Ratio. As of the Test Date, the Fixed Charge Coverage Ratio was : 1.00. March 31, 2007 through June 30, 2009 1.10:1.00 September 30, 2009 through December 31, 2010 1.05:1.00 March 31, 2011 and thereafter 1.10:1.00 The Fixed Charge Coverage Ratio was computed as follows: (a) Annualized EBITDA determined as of the Test Date minus (i) the aggregate amount of any taxes on or measured by consolidated income of the Borrower and its Restricted Subsidiaries for the Test Period (whether or not payable during the Test Period, and excluding any amount payable to the State of Connecticut under the Compact) to the extent not otherwise deducted in determining Net Income, (ii) Distributions made by the Borrower during the Test Period to the extent that such Distributions are not expenditures which have been deducted in computing EBITDA for the Test Period, and (iii) Maintenance Capital Expenditures of the Borrower and its Restricted Subsidiaries made during the Test Period; $ divided by (b) the sum of: (i) Interest Charges of the Borrower and its Restricted Subsidiaries with respect to Recourse Obligations to the extent payable in cash during the Test Period $ plus (ii) any principal repayments with respect to Indebtedness and Capital Leases constituting Recourse Obligations required to be made by the Borrower and its Restricted Subsidiaries during the Test Period in cash (other than any such principal payments required in respect of Public Indebtedness) $ equals Fixed Charge Coverage Ratio [(a)÷(b)] :1.00
Sample 1

Related to (c) — Fixed Charge Coverage Ratio

  • 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.

  • 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.

  • 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 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 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.

  • 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 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 Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

  • 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.

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