Consolidated Post-Distribution Fixed Charge Coverage Ratio Sample Clauses

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.

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: 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 (b) The Borrowers will not permit the Consolidated Post-Distribution Fixed Charge Coverage Ratio to be less than 1.05:1.00 for each Measurement Period ending at the end of each Fiscal Quarter in Fiscal Year 2010 and in each Fiscal Year thereafter.