– Consolidation Fixed Charge Coverage Ratio for Sample Clauses

– Consolidation Fixed Charge Coverage Ratio for the Quarterly Computation Period ending , . 1. Consolidated EBITDA: (i) Consolidated Net Income $ (ii) Plus: Consolidated Interest Expense $ (iii) Plus: Income tax expense $ (iv) Plus: Depreciation and amortization $ (v) Plus: Non-cash expenses incurred upon the issuance or vesting of stock options $ (vi) Plus: The aggregate amount of all board advisory fees paid in cash to Parallel pursuant to the Advisory Agreement, but only to the extent permitted by Section 6.10 of the Loan Agreement $ (vii) Plus: Accrued dividends on the Preferred Stock $ (viii) Plus: Consolidated Pre-Store Opening Expenses (other than Consolidated Pre-Store Opening Expenses related to Stores located outside of the United States) provided, however, that the aggregate amount added-back to Consolidated Net Income pursuant to this clause (viii) shall not exceed 10% of Consolidated EBITDA for such period before giving effect to this clause (viii) $ (ix) Minus: Cash payments with respect to stock options $ (x) Minus: 100% of the portion of the amount determined pursuant to the foregoing clauses (i) through (ix) that is attributable to Stores located outside of the United States $ Equals: Consolidated EBITDA $ 2. Consolidated Free Cash Flow: Consolidated EBITDA (see calculation in Section A.1. above) $ Minus: Consolidated Capital Expenditures (other than Consolidated New Store Capital Expenditures) $ Minus: Income taxes paid in cash $ Minus: Dividends, distributions and other Restricted Payments in each case paid in cash $ Minus: the aggregate amount of all advisory fees paid in cash $ Equals: Consolidated Free Cash Flow $ 3. Consolidated Fixed Charges: Consolidated Interest Expense $ Plus: Scheduled or required payments of principal on Debt (other than payments of Revolving Loans and payments required under Sections 2.3(b) of the Loan Agreement) $ Plus: Scheduled payments on Capital Leases $ Equals: Consolidated Fixed Charges $ 4. Ratio of Consolidated Free Cash Flow to Consolidated Fixed Charges to 1.0 5. Minimum Required to 1.0
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Related to – Consolidation Fixed Charge Coverage Ratio for

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Fixed Charge Coverage As of the last day of each calendar quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.30 per square foot per annum for each Real Property Asset that is an office property and (ii) $.15 per square foot per annum for each Real Property Asset that is an industrial property, to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

  • 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.

  • Minimum Fixed Charge Coverage The ratio of (a) Adjusted EBIT for any Rolling Four Quarter Period to (b) Fixed Charges for the same Rolling Four Quarter Period, to be less than 1.50 to 1.00.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • 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.

  • 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.

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