Cash Coverage Ratio. Not permit the Cash Coverage Ratio of the Borrower to be less than 3.0 to 1 as of the end of any Fiscal Quarter.
Cash Coverage Ratio. The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the twelve-month period ended on the last day of any fiscal quarter commencing with the fiscal quarter ended June 30, 2006, to be less than 2.25 to 1.0.
Cash Coverage Ratio. The Borrower shall maintain, as of the last day of each Measurement Quarter, a minimum ratio of (i) the sum of (A) Cash Dividend Income for the four-fiscal-quarter period ending on such day, plus (B) amounts received by the Borrower pursuant to the Tax Sharing Agreement during such period plus (C) the lesser of (x) 25% of the Net Proceeds received by the Borrower during such period from the sale, assignment or other disposition (but not the lease or license) of any property, including without limitation, any sale of capital stock or other equity interest in any of the Borrower’s direct or indirect Subsidiaries, and (y) $150,000,000 to (ii) an amount equal to (A) interest expense (excluding (1) all arrangement, underwriting and other similar fees payable in connection with this Agreement, (2) all arrangement, underwriting and upfront fees paid in connection with the Existing Credit Agreement and this Agreement, (3) all interest or dividends paid on Hybrid Preferred Securities and Hybrid Equity Securities, (4) interest expense payable by the Borrower in respect of any Debt owing to any Subsidiary thereof and (5) all costs (including, without limitation, any prepayment or option premium or expense) otherwise included in interest expense recognized on early retirement of debt) accrued by the Borrower in respect of all Debt during such period, plus (B) cash United States federal income taxes paid by the Borrower during such period minus (C) cash interest income received by the Borrower from Persons other than any Subsidiary of the Borrower during such period, minus (D) all amounts received by the Borrower from its Subsidiaries and Affiliates during such period constituting reimbursement of interest expense and commitment, guaranty and letter of credit charges of the Borrower to such Subsidiary or Affiliate, of not less than 1.20 to 1.00; provided, that the Borrower shall be deemed not to be in breach of the foregoing covenant if, during the Measurement Quarter, the Borrower has permanently reduced the principal amount outstanding under this Agreement and the Promissory Notes, such that the amount determined pursuant to clause (ii) above, when recalculated on a pro forma basis assuming that the amount of such reduced principal amount outstanding under this Agreement and the Promissory Notes were in effect at all times during such four-fiscal-quarter period, would result in the Borrower being in compliance with such ratio.
Cash Coverage Ratio. The Cash Coverage Ratio at any time shall equal: (a) the sum of (i) amounts available to the Company at that time for dividends to stockholders in accordance with the statutes and regulations of the State of Iowa, (ii) any commissions paid by the Company to the Service Company during the current Accounting Period, (iii) investment income of the Holding Company, excluding income from investments in subsidiaries, during the current Accounting Period, (iv) cash operating expenses of the Holding Company during the current Accounting Period, and (v) restricted payments (dividends paid to shareholders) by the Holding Company during the current Accounting Period; divided by (b) the sum of (i) interest on loans outstanding at the Holding Company, (ii) distribution by the Holding Company on trust preferreds, and (iii) twenty percent (20%) of the principal amounts of loans outstanding at the Holding Company and at the Service Company.
Cash Coverage Ratio. Permit the Cash Coverage Ratio for any period of four consecutive fiscal quarters to be less than 1.30 to 1.00.
Cash Coverage Ratio. Lessee shall maintain a ratio of cash to Senior Debt of 1.35:1; provided, however, that at any time on or after November 15, 2002, this covenant shall be terminated if the following conditions are met: (i) Consolidated Tangible Net Worth is greater than $1,900,000,000 as of the end of the most current fiscal quarter covered by the last compliance certificate delivered by Lessee pursuant to Section 5.01(a)(iii) of the Participation Agreement; (ii) Lessee is in compliance with Section 5.03(d); and (iii) no other Event of Default shall have occurred or shall be occurring. For the purpose of this clause (f), "cash" shall mean unrestricted and unencumbered cash, cash equivalents and marketable securities classified on Lessee's balance sheet, on a consolidated basis, as current assets in accordance with GAAP.
Cash Coverage Ratio. The Applicant will not permit the Cash Coverage Ratio to be less than 2.75 to 1.0, with respect to any four fiscal quarter period ending on or after September 30, 2001.
Cash Coverage Ratio. 47 SECTION 6.08. Leverage Test............................................47 SECTION 6.09.
Cash Coverage Ratio. (a) total of (i) Amounts Available for Dividends $_______ (see definition for time of determination) PLUS (ii) interest paid on the Surplus Notes: $_______ PLUS (iii) General Agency Commission Agreement commissions: $_______ PLUS (iv) revenues under Investment Advisory Agreement: $_______ PLUS (v) investments income of the Borrower (nonconsolidated), excluding investments in Subsidiaries: $_______ MINUS (vi) cash operating expenses: $_______ MINUS (vii) Restricted Payments: $_______ Total: $_______ (b) total of: (i) interest paid or accrued (other than Indebtedness in respect of Repurchase Transactions): $_______ PLUS (ii) distributions on the 8% Trust Preferred Securities and the 5% Trust Preferred Securities: $_______ PLUS (iii) one fifth (1/5) of outstanding Loans: $_______ Total: $_______ Cash Coverage Ratio ((a) to (b)) ______to 1.00 REQUIRED: Not less than 1.30 to 1.00 Section 9.17 RISK-BASED CAPITAL OF AEILIC.
(a) Adjusted Capital: $_______ (b) to the Company Action Level: $_______ Risk Based Capital ((a) to (b) expressed as a percentage): _____% REQUIRED: December 31, 2002, March 31, 2003, June 30, 2003 and September 30, 2003: 150% December 31, 2003 and thereafter: 200% NOTE: For the fiscal year ending December 31, 2002 and the fiscal quarters ending March 31, 2003, June 30, 2003 and September 30, 2003, such ratio shall be determined in accordance with variations permitted by the letter of the Iowa Commissioner of Insurance dated November 12, 2002.
