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 1.0. 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 Coverage Ratio. Maintain a Cash Flow Coverage Ratio as of the last day of each of its fiscal quarters of not less than 3.25 to 1.
Cash Flow Coverage Ratio. Permit or suffer the Cash Flow Coverage Ratio to be less than (i) 1.10 to 1.0 from the Effective Date until December 31,1996, and (ii) 1.20 to 1.0 at any time from January 1,1997 and thereafter.
Cash Flow Coverage Ratio. Permit the Cash Flow Coverage Ratio as at the last day of any fiscal quarter of the Borrower to be less than 2.50:1.00.
Cash Flow Coverage Ratio. Not permit the ratio of (i) the Borrower’s Adjusted EBITDA plus operating lease payments less maintenance capital expenditures equal to (50%) of depreciation less cash dividends to the Borrower’s shareholders less cash income taxes paid, to (ii) the sum of the Borrower’s scheduled principal payments on long term debt and capital lease obligations (excluding Revolving Loan principal payments) plus interest expense plus operating lease payments (in each case for the same period that the Borrower’s Adjusted EBITDA is measured), calculated in accordance with generally accepted accounting principles consistently applied in accordance with past practices on a rolling four (4) quarter basis, to be less than 1.10 to 1.0, measured quarterly on a rolling twelve month basis. EXHIBIT 10.4 EXHIBIT E PERMITTED INDEBTEDNESS Balance September 22, 2009 Indebtedness to US Bank NA Term Loan 539,697 Revolving Loan (up to $5,000,000 may be borrowed) 4,000,000 Golden Corral Credit Facility Construction Phase 0 Term Loans 26,999,269 26,999,269 (up to $8,000,000 more may be borrowed) $ 31,538,966 Capitalized Leases All obligations of the Borrower incurred in connection with any existing or future lease transactions capitalized or required to be capitalized on the Borrower’s books. Contingent liability as assignor/guarantor of the following leases: Location Assignee Remaining Lease Term Covington, KY (Riverview Hotel) $48,072 per year (renewal options aggregating 50 years) Remington Hotel Corporation 04/30/2020 Lease liability for closed restaurants & other non-operating property (lease not presently assigned) Location Remaining Lease Term Rent Per Month None EXHIBIT F NINTH AMENDED AND RESTATED PROMISSORY NOTE $92,500,000 Cincinnati, Ohio October 21, 2009 XXXXXX’X RESTAURANTS, INC., an Ohio corporation (the “Borrower”), for value received, hereby promises to pay to the order of U.S. BANK NATIONAL ASSOCIATION, a national banking association formerly known as Firstar Bank, N.A. and Star Bank, National Association (the “Bank”), or it successors or assigns, on or before October 21, 2010, the principal sum of Ninety Two Million Five Hundred Thousand Dollars ($92,500,000), or such portion thereof as may be outstanding from time to time, together with interest thereon as hereinafter provided. This is the Construction Note referred to in, was executed and delivered pursuant to, and evidences indebtedness of the Borrower incurred under, that certain Second Amended and Restated Loan Agreem...
Cash Flow Coverage Ratio. The Borrower shall, as of the last day of each quarter-annual accounting period of the Borrower ending during the periods specified below, maintain the ratio of Consolidated Cash Flow for the four fiscal quarters of the Borrower then ended to Consolidated Fixed Charges for the same four fiscal quarters then ended (the "Cash Flow Coverage Ratio") of not less than: CASH FLOW COVERAGE FROM AND TO AND RATIO SHALL NOT BE LESS INCLUDING INCLUDING THAN: 1/1/00 9/29/00 .75 to 1.0 9/30/00 12/30/00 .80 to 1.0 12/31/00 6/29/01 1.0 to 1.0 6/30/01 and at all times thereafter 1.05 to 1.0
Cash Flow Coverage Ratio. The Borrower shall not permit its Cash Flow Coverage Ratio to be less than 1.25 to 1.0, to be calculated at the end of each fiscal quarter.
Cash Flow Coverage Ratio. Unless Tenant is in full compliance with the provisions of Section 3.1 of the Security Agreement, Tenant shall not permit the ratio of: (a) Cash Flow to (b) Total Rent reserved for any calendar quarter to be less than 1.75 to one; provided, however, that the failure to maintain either of such ratios shall not constitute an event of default if the Lease Reserve Fund is (i) then maintained in an amount equal to six months Initial Base Rent or (ii) reinstated to an amount equal to six months Initial Base Rent within thirty (30) days after Tenant delivers to Landlord financial statements indicating such failure.
Cash Flow Coverage Ratio. Not permit the ratio of (i) the Borrower’s EBITDA plus operating lease payments minus Ten Million Dollars ($10,000,000) minus cash dividends to the Borrower’s shareholders, to (ii) the sum of the Borrower’s scheduled principal payments on long term debt and capital lease obligations plus interest expense plus operating lease payments (in each case for the same period that the Borrower’s EBITDA is measured), calculated in accordance with generally accepted accounting principles consistently applied in accordance with past practices on a rolling four (4) quarter basis, to be less than 1.25 to 1.0 at any time.
Cash Flow Coverage Ratio. Maintain a Cash Flow Coverage Ratio, on a consolidated basis, equal to or greater than (i) 1.15 on September 30, 2004, (ii) 1.2 to 1 .0 from October 1, 2004, until the Termination Date, and (ii) an amount set by the Bank thereafter, each measured at the end of each Fiscal Quarter.
