Cash Flow Covenant Sample Clauses

Cash Flow Covenant. Have, for each Fiscal Year Cash Flow Coverage equal to or greater than 1.3 to 1.0. End of Section 5
Sample 1
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Cash Flow Covenant. For each of the fiscal periods set forth below, the Company shall not, as of the end of any such fiscal period, permit the dollar amount of the difference obtained by deducting Capital Expenditures from EBITDA, to be less than the amount set forth opposite such fiscal period on a rolling four-quarter basis: FISCAL QUARTER ENDED AMOUNT October 31, 1996 $4,500,000.00 January 31, 1997 $4,500,000.00 April 30, 1997 $4,700,000.00 July 31, 1997 $5,200,000.00 October 31, 1997 $5,500,000.00 Default in the performance of this Section 7.19 shall constitute an Event of Default under Section S.1(d).
Sample 1
Cash Flow Covenant. The Borrower shall maintain a "Cash Flow ------------------ Coverage Ratio" (as defined below) for each three (3) month period ending on the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending March 31, 1997, of not less than 1.25 to 1.00.
Sample 1
Cash Flow Covenant. (i) Credit Parties (i) shall not permit, in respect of any Testing Period, the Operating Net Cash Flow of the Credit Parties during such Testing Period to be less than 85% of the greater of (x) the projections for such period in the Initial Cash Flow Projection and (y) the most recently delivered Cash Flow Projection delivered pursuant to the requirements of Section 4.17 hereof (the “13 Week Cash Flow Covenant”) and (ii) shall give Agent notice immediately after any Credit Party knows or has reason to know Credit Parties are not in compliance with the 13 Week Cash Flow Covenant. (ii) The Borrowers shall not amend or modify any Cash Flow Projection without the prior written consent of the Agent (such consent not to be unreasonably withheld, conditioned, denied or delayed). Without the prior written consent of the Agent (such consent not to be unreasonably withheld, conditioned, denied or delayed), the Borrowers shall not amend or modify the Milestone Schedule (as defined in the AECOM Loan Agreement) in a manner that would require an amendment or modification to the Cash Flow Projection not permitted hereunder.
Sample 1
Cash Flow Covenant. The Contractor shall work with Owner and shall use commercially reasonable efforts to optimize Owner’s cash flow in order to reduce Owner’s financing costs for the Work; provided, however, that in no event shall Contractor be required to make any changes or modifications that adversely impact Contractor’s cost, cash flow, demonstrated risk or the execution of the Work unless the Parties mutually agree to a Change Order pursuant to Article 9 prior to implementing such changes or modifications to Owner’s cash flow. The Parties will evaluate potential impacts to cost and schedule in conjunction with proposed changes to the cash flow.
Sample 1

Related to Cash Flow Covenant

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’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 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • 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.

  • Minimum Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.5 to 1.0.

  • Minimum Fixed Charge Coverage Ratio Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Company, to be less than 1.5:1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Fixed Charge Coverage Ratio The Borrower shall not permit the Fixed Charge Coverage Ratio to be less than 1.15 to 1.0 at the end of the fiscal quarter ended on June 30, 2008, or at the end of any fiscal quarter ended thereafter.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • 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.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

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