Common use of Cash Flow Ratio Clause in Contracts

Cash Flow Ratio. To maintain on a consolidated basis a Cash --------------- Flow Ratio of at least 1.6:1.0. As used herein, the term "Cash Flow Ratio" --------------- means the ratio of Cash Flow to the current portion of long term debt plus interest expense. "Cash Flow" is defined as net income from operations --------- (before extraordinary or nonrecurring gains or losses), minus taxes, plus depreciation, amortization and other non-cash charges, plus interest expense, minus dividends. This ratio will be calculated at the end of each fiscal quarter, using the results of that quarter and each of the 3 immediately preceding quarters. The current portion of long term debt will be measured as of the last day of the fiscal quarter preceding the date of calculation.

Cash Flow Ratio. To maintain on a consolidated basis a Cash Flow --------------- Flow Ratio of at least 1.6:1.0. As used herein, the term "Cash Flow Ratio" --------------- means the ratio of Cash Flow to the current portion of long term debt plus interest expense. "Cash Flow" is defined as net income from operations --------- (before extraordinary or nonrecurring gains or losses), minus taxes, plus depreciation, amortization and other non-cash charges, plus interest expense, minus dividends. This ratio will be calculated at the end of each fiscal quarter, using the results of that quarter and each of the 3 immediately preceding quarters. The current portion of long term debt will be measured as of the last day of the fiscal quarter preceding the date of calculation.

Cash Flow Ratio. To maintain on a consolidated basis a Cash --------------- Flow Ratio of at least 1.6:1.0. As used herein, the term "Cash Flow Ratio" --------------- means the ratio of Cash Flow to the current portion of long term debt plus interest expense. "Cash Flow" is defined as net income from operations --------- (before extraordinary or nonrecurring gains or losses), minus after taxes, plus depreciation, amortization and other non-cash charges, plus interest expense, minus dividends. This ratio will be calculated at the end of each fiscal quarter, using the results of that quarter and each of the 3 immediately preceding quarters. The current portion of long term debt will be measured as of the last day of the fiscal quarter preceding the date of calculation.

Cash Flow Ratio. To maintain on a consolidated basis a Cash Flow --------------- Flow Ratio of at least 1.6:1.0. As used herein, the term "Cash Flow Ratio" --------------- means the --------------- ratio of Cash Flow to the current portion of long term debt plus interest expense. "Cash Flow" is defined as net income from operations --------- (before --------- extraordinary or nonrecurring gains or losses), minus after taxes, plus depreciation, amortization and other non-cash charges, plus interest expense, minus dividends. This ratio will be calculated at the end of each fiscal quarter, using the results of that quarter and each of the 3 immediately preceding quarters. The current portion of long term debt will be measured as of the last day of the fiscal quarter preceding the date of calculation.