Consolidated Fixed Charge Coverage Ratio Covenant. During the continuance of a Covenant Compliance Event, the Borrowers will not permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the last day of each month on a trailing twelve month basis, to be less than 1.0:1.0.
1. Is covenant required to be tested? Yes No
2. If covenant is required to be tested, in compliance? Yes No
Consolidated Fixed Charge Coverage Ratio Covenant. After the occurrence and during the continuance of a Covenant Compliance Event, the Borrowers shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.0:1.0.
1. Required to be tested? Yes _________ No _________
2. If required, in compliance? Yes _________ No _________ Except as set forth below, no changes in GAAP or the application thereof have occurred since [the date of the most recently delivered financial statements to the Administrative Agent prior to the date of this Certificate]. [If changes in GAAP or in the application thereof have occurred, the following describes the nature of the changes in reasonable detail and the effect, if any, of each such change in GAAP or in the application thereof in the determination of compliance with, and calculation of, the covenant described in Section 6.11 of the Credit Agreement]. Lender Commitment Commitment Percentage Bank of America, N.A. $82,500,000.00 33.00% Xxxxx Fargo Bank, National Association $82,500,000.00 33.00% JPMorgan Chase Bank, N.A. $42,500,000.00 17.00% Regions Bank $42,500,000.00 17.00% TOTAL $250,000,000.00 100.00%
1. Merchant Services Bankcard Agreement dated April 11, 2007, by and between Specialty Retailers, Inc., as successor-in-interest to Specialty Retailers (TX) LP d/b/a Bealls, Stage, Palais Royal, Peebles, JPMorgan Chase Bank, N.A., and Chase Paymentech, L.C.
2. Agreement for American Express® Card Acceptance dated August 29, 2001 by and between American Express Travel Related Service Company, Inc. and Specialty Retailers, Inc., as successor-in-interest to Specialty Retailers (TX) LP, as amended by that Amendment to Agreement for American Express® Card Acceptance dated December 28, 2004.
3. Merchant Services Agreement dated October 1, 2002 by and between Specialty Retailers, Inc., as successor-in-interest to Specialty Retailers (TX) LP, d/b/a Bealls, Stage, Palais Royal, and Discover Financial Services, Inc.
Consolidated Fixed Charge Coverage Ratio Covenant. Consolidated EBITDAR for Subject Period (Line II.A.8 above): $
Consolidated Fixed Charge Coverage Ratio Covenant. During the continuance of a Covenant Compliance Event, the Domestic Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, directly or indirectly, permit the Consolidated Fixed Charge Coverage Ratio, calculated on a trailing twelve month basis, to be less than 1.0:1.0, commencing with the month ending immediately preceding the date on which a Covenant Compliance Event first occurred.
1. Is a Covenant Compliance Event1 continuing? Yes No
2. If yes (covenant required to be tested), in compliance? Yes No
