Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not at any time permit the ratio of Consolidated EBITDA determined for the most recently ended four (4) calendar quarters to Consolidated Fixed Charges for the most recently ended four (4) calendar quarters, to be less than 1.50 to 1.00.
Consolidated EBITDA to Consolidated Fixed Charges. For each period of four consecutive fiscal quarters of the Company, Consolidated EBITDA shall equal or exceed 115% of Consolidated Fixed Charges; provided, however, that for the fiscal quarter ending December 31, 1996, 400% of Consolidated EBITDA for such fiscal quarter shall equal or exceed 115% of 400% of Consolidated Fixed Charges for such fiscal quarter.
Consolidated EBITDA to Consolidated Fixed Charges. [ ]:1.00 Covenant Requirement Greater than or equal to 1.00:1.00 EXHIBIT D [Form of] INTEREST ELECTION REQUEST Bank of America, N.A. 000 Xxxx Xxxxxx, 11th Floor Mailcode TX1-492-11-23 Xxxxxx, XX 00000 Attention: H. Xxxxxxx Xxxxx, Senior Vice President, Business Capital [Date] Re: Philadelphia Energy Solutions Refining and Marketing LLC Ladies and Gentlemen: This Interest Election Request is delivered to you pursuant to Section 2.08 of the Amended and Restated Revolving Credit and Guaranty Agreement dated as of October 7, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Philadelphia Energy Solutions Refining and Marketing LLC, a Delaware limited liability company (the “Borrower”), the Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as sole lead arranger and sole bookrunner, Bank of America, N.A., as swingline lender, the Issuing Banks from time to time party thereto, and Bank of America, N.A., as administrative agent and as collateral agent. Capitalized terms used but not defined herein have the meanings ascribed to them in the Credit Agreement. The Borrower hereby requests that on [ ](13) (the “Interest Election Date”),
Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries for such period to be less than 1.45 to 1.00; provided, however, that commencing with the fiscal quarter beginning on July 1, 2020, (i) the Borrower will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries for such period to be less than 1.50 to 1.00, and (ii) until four (4) full fiscal quarters shall have elapsed thereafter, for purposes of determining compliance with this §9.6, Consolidated EBITDA and Consolidated Fixed Charges shall be annualized using only the full fiscal quarters having elapsed from and after July 1, 2020.”;
Consolidated EBITDA to Consolidated Fixed Charges. Consolidated EBITDA (T-12) Net Income (Loss), Consolidated in Accordance with GAAP — Net Income (Loss) Attributable to Noncontrolling Interest in DSTs — Net Income (Loss) Attributable to Four Springs — (+) Noncash Depreciation and Amortization — (+) Interest Expense — (+) Noncash Amort. of Loan Costs and FV of Debt Adj — (+) Income Tax Expense — (+/-) Non-Recurring Charges — Acquisition Costs (Acq and Other Fees) — (-) Management Fee Received from Related Parties —
Consolidated EBITDA to Consolidated Fixed Charges. Permit the ratio of Consolidated EBITDA to Consolidated Fixed Charges for (i) the period of four consecutive fiscal quarters ending at December 31, 1996 to be less than 0.80:1.00 or (ii) any period of four consecutive fiscal quarters ending thereafter to be less than 1.00:1.00.
Consolidated EBITDA to Consolidated Fixed Charges. Permit the ratio of Consolidated EBITDA to Consolidated Fixed Charges of HCC and its Subsidiaries for the four consecutive fiscal quarters of HCC most recently ended to be less than 1.5 to 1.0.
Consolidated EBITDA to Consolidated Fixed Charges. Permit the ratio of (i) the sum of (A) Consolidated EBITDA for any Rolling Period ended during the term of this Agreement minus (B) Consolidated Capital Expenditures made during such period minus (C) cash taxes paid during such period, to (ii) Consolidated Fixed Charges for such period to be less than 1.5 to 1.0.
Consolidated EBITDA to Consolidated Fixed Charges. For each period of four consecutive fiscal quarters of the Company, Consolidated
Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries for such period to be less than 1.50 to 1.00; provided, however, that, until four (4) full fiscal quarters shall have elapsed from and after July 1, 2020, for purposes of determining compliance with this §9.6, Consolidated EBITDA and Consolidated Fixed Charges shall be annualized using only the full fiscal quarters having elapsed from and after July 1, 2020. §9.7
