Calculation of Financial Covenants, and other Financial Ratios and Results Sample Clauses

Calculation of Financial Covenants, and other Financial Ratios and Results. With respect to the Nexstar Borrower and the Nexstar Restricted Subsidiaries, in calculating Financial Covenants pursuant to the Nexstar Credit Agreement, other financial ratios or results of operations, or financial performance in any manner (including without limitation the calculation of Excess Cash Flow) and for financial reporting purposes, the consolidated financial position and results of operations of the Borrower and its Restricted Subsidiaries (including without limitation, all Indebtedness, other liabilities, revenues and other income) shall be included as if the Borrower is a Restricted Subsidiary of the Nexstar Borrower and any television stations owned by a Mission Entity is a “Nexstar Station,” so long as Sharing Arrangements between the Mission Entities and the Nexstar Borrower or one or more Nexstar Restricted Subsidiaries, covering all of the Stations, are in full force and effect. Notwithstanding the foregoing, inclusion of the financial position and results of the Mission Entities shall at all times be without duplication; to the extent any provision of this Agreement, the Nexstar Credit Agreement or any other Loan Document or Nexstar Loan Document already includes the result of the Mission Entities, this provision shall not operate to duplicate any such included information.
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Calculation of Financial Covenants, and other Financial Ratios and Results. With respect to the Borrower and its Restricted Subsidiaries, in calculating Financial Covenants, other financial ratios or results of operations, or financial performance in any manner (including without limitation the calculation of Excess Cash Flow) and for financial reporting purposes, the consolidated financial position and results of operations of (i) the Mission Borrower and the Mission Restricted Subsidiaries, (ii) Rocky Creek and its subsidiaries and (iii) each other Shared Services Party and, to the extent applicable, their subsidiaries (collectively, “Arrangement Parties”) (including without limitation, all Indebtedness, other liabilities, revenues and other income) shall be included as if each such Arrangement Party is a Restricted Subsidiary of the Borrower and any television stations owned by an Arrangement Party is a “Station,” so long as Sharing Arrangements between each such Arrangement Party and the Borrower or one or more Restricted Subsidiaries of the Borrower, covering all of the applicable Shared Services Party Stations are in full force and effect. Notwithstanding the foregoing, inclusion of the financial position and results of the Arrangement Parties shall at all times be without duplication; to the extent any provision of this Agreement, the Mission Credit Agreement or any other Loan Document or Mission Loan Document, or any other document relating to any Shared Services Party already includes the result of an Arrangement Party, this provision shall not operate to duplicate any such included information.
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Calculation of Financial Covenants, and other Financial Ratios and Results. With respect to the Borrower and its Restricted Subsidiaries, in calculating Financial Covenants, other financial ratios or results of operations, or financial performance in any manner (including without limitation the calculation of Excess Cash Flow) and for financial reporting purposes, the consolidated financial position and results of operations of the Mission Borrower and the Mission Restricted Subsidiaries (including without limitation, all Indebtedness, other liabilities, revenues and other income) shall be included as if the Mission Borrower is a Restricted Subsidiary of the Borrower and any television stations owned by a Mission Entity is a “Station,” so long as Sharing Arrangements between the Mission Entities and the Borrower or one or more Restricted Subsidiaries of the Borrower, covering all of the Mission Stations, are in full force and effect. Notwithstanding the foregoing, inclusion of the financial position and results of the Mission Entities shall at all times be without duplication; to the extent any provision of this Agreement, the Mission Credit Agreement or any other Loan Document or Mission Loan Document already includes the result of the Mission Entities, this provision shall not operate to duplicate any such included information.
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Calculation of Financial Covenants, and other Financial Ratios and Results. With respect to the Borrower and its Subsidiaries, (a) in calculating (i) financial covenants in accordance with the terms of Section 6.12, (ii) other financial ratios or results of operations and (iii) financial performance in any manner and (b) for financial reporting purposes under this Agreement, the consolidated financial position and results of operations of (y) each Shared Services Party, so long as Sharing Arrangements between such Shared Services Party and the Borrower or any other Loan Party are in full force and effect, and (z) each other entity (the “consolidated entity”) the accounts of which would be consolidated with those of the Borrower and its Subsidiaries in the Borrower’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, shall be included as if such Shared Services Party and such consolidated entity are subsidiaries of the Borrower, provided that, notwithstanding the foregoing, for all purposes under this Agreement (including financial reporting purposes), the financial results of operations, Indebtedness and other financial performance and information of KMTR shall be included in the calculations of all financial ratios, the determination of all “buckets” and all other determinations under this Agreement as if KMTR was a wholly-owned subsidiary of the Borrower; provided, however, none of the representations, affirmative covenants, negative covenants, other covenants or Events of Default shall apply to KMTR except as specifically provided for in this Agreement.
Sample 1
Calculation of Financial Covenants, and other Financial Ratios and Results. With respect to the Borrower and its Subsidiaries, (a) in calculating (i) financial covenants in accordance with the terms of Section 6.12, (ii) other financial ratios or results of operations and (iii) financial performance in any manner and (b) for financial reporting purposes under this Agreement, the consolidated financial position and results of operations of (y) each Shared Services Party, so long as Sharing Arrangements between such Shared Services Party and the Borrower or any other Loan Party are in full force and effect, and (z) each other entity (the "consolidated entity”) the accounts of which would be consolidated with those of the Borrower and its Subsidiaries in the Borrower’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, shall be included as if such Shared Services Party and such consolidated entity are subsidiaries of the Borrower.
Sample 1

Related to Calculation of Financial Covenants, and other Financial Ratios and Results

  • Financial Statements; Ratings Change and Other Information The Borrower will furnish to the Administrative Agent and each Lender:

  • Financial Covenants and Ratios Seller shall at all times comply with any financial covenants and/or financial ratios set forth in the Transactions Terms Letter.

  • Financial Covenants So long as any Advance or any other Obligation of any Loan Party under any Loan Document shall remain unpaid, any Letter of Credit shall be outstanding or any Lender Party shall have any Commitment hereunder, the Borrower will:

  • Financial Ratios (a) The Company shall at all times maintain, on a consolidated basis, a Total Debt to Capitalization Ratio of not more than 0.65 to 1.00.

  • Financial Statements; Borrowing Base and Other Information The Borrowers will furnish to the Administrative Agent and each Lender:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Financial Covenant So long as any Loan shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the Borrower will maintain a ratio of Consolidated Debt to Consolidated Capital of not greater than 0.65 to 1.00 as of the last day of each fiscal quarter.

  • Financial Statements and Other Information The Borrower will furnish to the Administrative Agent and each Lender:

  • Pro Forma and Other Calculations (a) For purposes of calculating the Fixed Charge Coverage Ratio, Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and the Consolidated Total Debt to Consolidated EBITDA Ratio, Investments, acquisitions, dispositions, mergers, consolidations, and disposed operations (as determined in accordance with GAAP) that have been made by the Borrower or any Restricted Subsidiary during the Test Period or subsequent to such Test Period and on or prior to or simultaneously with the date of determination shall be calculated on a Pro Forma Basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations, and disposed operations (and the change in any associated fixed charge obligations and the change in Consolidated EBITDA resulting therefrom) had occurred on the first day of the Test Period. If, since the beginning of such period, any Person (that subsequently became a Restricted Subsidiary or was merged with or into the Borrower or any Restricted Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, merger, consolidation, or disposed operation that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio, Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and Consolidated Total Debt to Consolidated EBITDA Ratio shall be calculated giving Pro Forma Effect thereto for such Test Period as if such Investment, acquisition, disposition, merger, consolidation, or disposed operation had occurred at the beginning of the Test Period. Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, the Fixed Charge Coverage Ratio, the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, the Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and Consolidated Total Debt to Consolidated EBITDA Ratio) (any such amounts, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such financial ratio or test (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash proceeds thereof) shall be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in connection with such substantially concurrent incurrence, except that incurrences of Indebtedness and Liens constituting Fixed Amounts shall be taken into account for purposes of Incurrence Based Amounts other than Incurrence Based Amounts contained in Section 10.1 or Section 10.2.

  • Financial Covenant Calculations The parties hereto acknowledge and agree that, for purposes of all calculations made in determining compliance for any applicable period with the financial covenants set forth in Section 6.7 and for purposes of determining the Applicable Margin, (i) after consummation of any Permitted Acquisition, (A) income statement items and other balance sheet items (whether positive or negative) attributable to the target acquired in such transaction shall be included in such calculations to the extent relating to such applicable period (including by adding any cost saving synergies associated with such Permitted Acquisition in a manner reasonably satisfactory to the Agent), subject to adjustments mutually acceptable to Borrowers and the Agent and (B) Indebtedness of a target which is retired in connection with a Permitted Acquisition shall be excluded from such calculations and deemed to have been retired as of the first day of such applicable period and (ii) after any Disposition permitted by Section 6.8), (A) income statement items, cash flow statement items and balance sheet items (whether positive or negative) attributable to the property or assets disposed of shall be excluded in such calculations to the extent relating to such applicable period, subject to adjustments mutually acceptable to Borrowers and the Agent and (B) Indebtedness that is repaid with the proceeds of such Disposition shall be excluded from such calculations and deemed to have been repaid as of the first day of such applicable period.

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