Common use of Calculation of Fixed Charge Ratio Clause in Contracts

Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:

Appears in 1 contract

Samples: Credit Agreement (Sears Holdings Corp)

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Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 EBITDA16 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:

Appears in 1 contract

Samples: Second Lien Credit Agreement (Sears Holdings Corp)

Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 EBITDA1721 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:

Appears in 1 contract

Samples: Second Lien Credit Agreement (Sears Holdings Corp)

Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: __________________ Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:: __________________

Appears in 1 contract

Samples: Credit Agreement (Sears Holdings Corp)

Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 EBITDA2118 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:

Appears in 1 contract

Samples: Second Lien Credit Agreement (Sears Holdings Corp)

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Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 EBITDA14 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:

Appears in 1 contract

Samples: Term Loan Credit Agreement (Sears Holdings Corp)

Calculation of Fixed Charge Ratio. Required whether or not compliance under Section 6.03 of the Credit Agreement is then required. Calculated for the most recently ended four fiscal quarters. 1. Adjusted Consolidated EBITDA2 EBITDA1417 for such period (all calculated on a Consolidated basis in accordance with GAAP (excluding any non-cash income already deducted from Consolidated Net Income in the calculation of Adjusted Consolidated EBITDA in a prior period)): (a) Consolidated Net Income for such period: Plus the following, without duplication and to extent deducted in determining Consolidated Net Income for such period: (b) Consolidated Interest Expense for such period:

Appears in 1 contract

Samples: Second Lien Credit Agreement (Sears Holdings Corp)

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