Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.00 to 1.0.
Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrowers to be less than 1.50:1.00. For purposes of determining the ratio described above for the fiscal quarters of the Borrowers ending FQ3 2002 and FQ4 2002, (i) Consolidated EBITDAR for the relevant period shall be deemed to be equal to Consolidated EBITDAR for the trailing 12-month period ending on the last date of each such fiscal quarter; (ii) Consolidated Interest Expense for the relevant period will not include any interest expense incurred prior to FQ2 2002 and shall be determined (x) as of the end of the FQ3 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002 and FQ3 2002 by 2 and (y) as of the end of the FQ4 2002 by multiplying the sum of Consolidated Interest Expense for FQ2 2002, FQ3 2002 and FQ4 2002 by 4/3; and (iii) the calculation of Consolidated EBITDAR and rent expense shall include operating performance of only that Real Estate that was owned and operated by Holdings or any of its Restricted Subsidiaries as of January 30, 2002 or acquired thereafter.
Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrowers ending with any fiscal quarter set forth below to be less than the ratio set forth below opposite such fiscal quarter: Consolidated Adjusted Interest Fiscal Quarter Coverage Ratio FQ4 2009 1.75 to 1.00 FQ1 2010 1.85 to 1.00 FQ2 2010 1.85 to 1.00 FQ3 2010 1.85 to 1.00 FQ4 2010 and thereafter 2.00 to 1.00
Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any Measurement Period ending as of the last day of any Fiscal Quarter set forth below to be less than the ratio (the “Minimum Interest Coverage Ratio”) set forth below opposite such Fiscal Quarter: Fiscal Quarter Minimum Interest Coverage Ratio September 30, 2015 1.25:1.00 December 31, 2015 1.55:1.00 March 31, 2016 1.70:1.00 June 30, 2016 1.75:1.00 September 30, 2016 1.75:1.00 December 31, 2016 and thereafter 1.75:1.00
Consolidated Adjusted Interest Coverage Ratio. A. Consolidated EBITDAR for four consecutive fiscal quarters ending on above date (“Subject Period”):
Consolidated Adjusted Interest Coverage Ratio. The Borrower --------------------------------------------- will not permit the Consolidated Adjusted Interest Coverage Ratio for any Test Period ending after the Restatement Effective Date to be less than 2.00:1.00. Notwithstanding anything to the contrary contained in this Agreement, all calculations of compliance with this Section 9.08 shall be made on a Pro Forma --- ----- Basis.
Consolidated Adjusted Interest Coverage Ratio. Consolidated Adjusted Interest Coverage Ratio (item (i) below divided by (the sum of items (ii) and (iii) below)): :1.00 Covenant minimum Consolidated Adjusted Interest Coverage Ratio (as set forth in Section 6.1(c) of the Credit Agreement): 1.50:1.00
Consolidated Adjusted Interest Coverage Ratio. The Borrower shall not permit the Consolidated Adjusted Interest Coverage Ratio of the Borrower as at the last day of any fiscal quarter, calculated for the four consecutive fiscal quarters then ending, to be less than 2.0 to 1.0.
Consolidated Adjusted Interest Coverage Ratio. Permit the Consolidated Adjusted Interest Coverage Ratio as of the end of any fiscal quarter of the Company set forth below to be less than the ratio corresponding to such fiscal quarter: Calendar Year February 28/29 May 31 August 31 November 30 2009 N/A 1.25 to 1.0 1.25 to 1.0 1.25 to 1.0 2010 1.25 to 1.0 1.50 to 1.0 1.50 to 1.0 1.50 to 1.0 2011 1.50 to 1.0 1.75 to 1.0 1.75 to 1.0 N/A (b) Consolidated Capitalization Ratio. Permit the Consolidated Capitalization Ratio as of the end of any fiscal quarter of the Company set forth below to be greater than the ratio corresponding to such fiscal quarter: Calendar Year February 28/29 May 31 August 31 November 30 2009 N/A 0.750 to 1.0 0.750 to 1.0 0.750 to 1.0 2010 0.725 to 1.0 0.725 to 1.0 0.725 to 1.0 0.700 to 1.0 2011 0.700 to 1.0 0.700 to 1.0 0.700 to 1.0 N/A (w) Schedule 2.01 of the Credit Agreement is hereby amended to read as provided on Schedule 2.01 attached hereto.
