Consolidated Post-Distribution Fixed Charge Coverage Ratio Sample Clauses

Consolidated Post-Distribution Fixed Charge Coverage Ratio. Beginning with the Fiscal Quarter ending December 31, 2018, permit the Consolidated Post-Distribution Fixed Charge Coverage Ratio as of the end of such Fiscal Quarter to be less than 1.00 to 1.00.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Consolidated Post-Distribution Fixed Charge Coverage Ratio. At any date of determination for any fiscal period, the ratio of (a) the total of (i) Consolidated EBITDAR for such fiscal period, less (ii) the aggregate amount of Federal, state, local and foreign income taxes paid in cash, in each case, of or by the Borrowers and their Subsidiaries for such fiscal period, and less (iii) the aggregate amount of all Maintenance Capital Expenditures made during such fiscal period to (b) the sum of (i) Consolidated Interest Charges for such fiscal period, plus (ii) the aggregate principal amount of all regularly scheduled principal payments or redemptions or similar acquisitions for value of outstanding debt for borrowed money during such fiscal period (excluding, however, the repayment of the Indebtedness under the Existing Credit Agreement on the Closing Date), plus (iii) the Consolidated Rent Expense for such fiscal period, and plus (iv) any dividend, distribution, loan, advance, guaranty, extension of credit or other payment, whether in cash or property, made by any Borrower to or for the benefit of any Person (other than another Borrower) who holds an Equity Interest in any Borrower or any of their Subsidiaries, whether or not such interest is evidenced by a security, and any purchase, redemption, retirement or other acquisition for value of any Equity Interest of the Borrower or any of its Subsidiaries, whether now or hereafter outstanding, or of any options, warrants or similar rights to purchase such Equity Interest or any security convertible into or exchangeable for such Equity Interest. Consolidated Rent Expense. For any fiscal period, the sum of all rental obligations (payable in cash) incurred by the Borrowers or any Subsidiary during such fiscal period with respect to all operating leases (not Capitalized Leases) of real and personal property, calculated in accordance with GAAP on a Consolidated basis.
Sample 1
Consolidated Post-Distribution Fixed Charge Coverage Ratio. (a) The Borrowers will not permit the Consolidated Post-Distribution Fixed Charge Coverage Ratio as of the end of any period specified below to be less than the ratio set forth below opposite each such period: Period Minimum Consolidated Fixed Post-Distribution Charge Coverage Ratio 1st Fiscal Quarter 2009 1.05:1.00 1st and 2nd Fiscal Quarters 2009 (taken as a single period) 0.90:1.00 1st, 2nd and 3rd Fiscal Quarters 2009 (taken as a single period) 0.95:1.00 Fiscal Year 2009 (taken as a single period) 1.00:1.00
Sample 1

Related to Consolidated Post-Distribution Fixed Charge Coverage Ratio

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • Fixed Charge Coverage Ratio The Borrower will not permit its Fixed Charge Coverage Ratio to be less than 1.10 to 1.00 as of each fiscal quarter end.

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

  • Consolidated Fixed Charge Ratio Permit at any time the Consolidated Fixed Charge Ratio to be less than 1.25 to 1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Fixed Charge Ratio Maintain a Fixed Charge Ratio as determined as of each Calculation Date of not less than 1.50:1. The Fixed Charge Ratio covenant shall be tested by the Administrative Agent as of each Calculation Date with results based upon the results for the most recent Calculation Period, such calculation and results to be verified by the Administrative Agent.

  • Fixed Charge Coverage 45 SECTION 5.10.

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.