EBITDA to Fixed Charges Ratio. Borrower shall not permit the ratio of EBITDA for any Fiscal Quarter to Fixed Charges for such Fiscal Quarter to be less than 1.75:1.
EBITDA to Fixed Charges Ratio. The ratio of EBITDA to Fixed Charges shall not be less than 1.75:1 for any Fiscal Quarter.
EBITDA to Fixed Charges Ratio. Borrower shall not permit the ratio of EBITDA for any twelve (12) calendar month period to Fixed Charges for such twelve (12) calendar month period to be less than 1.40:1.
EBITDA to Fixed Charges Ratio. The ratio of EBITDA to Fixed Charges, for the then most recently completed four (4) consecutive Fiscal Quarters, shall be equal to or greater than 1.50:1.00.
EBITDA to Fixed Charges Ratio. Borrower shall not permit the ratio of EBITDA for the then most recently completed Fiscal Quarter to Fixed Charges for the 91 then most recently completed Fiscal Quarter to be less than 1.75:1.
EBITDA to Fixed Charges Ratio. As of the last day of each Fiscal Quarter, the Fixed Charge Coverage Ratio shall not be less than 1.00 to 1.00.
EBITDA to Fixed Charges Ratio. 59 9.03 Unencumbered Net Operating Income to Unsecured Interest Expense............................................... 59 9.04
EBITDA to Fixed Charges Ratio. 71 9.03 Unencumbered Net Operating Income to Unsecured Interest Expense.. 71 9.04 Unencumbered Pool................................................ 71 9.05 Minimum Net Worth................................................ 71 9.06
EBITDA to Fixed Charges Ratio. For the period commencing on January 1, 2001 and ending on the last day of each Fiscal Quarter set forth below, Borrowers and their Subsidiaries on a consolidated basis shall maintain a ratio of (i) EBITDA to (ii) the sum or Fixed Charges and income taxes paid in cash of not less than the following: 115
EBITDA to Fixed Charges Ratio. Maintain a ratio of EBITDA to Fixed Charges of 1.50 TO 1.00 The following provisions shall apply for purposes of determining compliance with the foregoing financial covenants and ratios: Such financial covenants and ratios will be calculated by Borrower as of the last day of each fiscal quarter, and such calculations shall be delivered to Lender pursuant to a Compliance Certificate (as required to be delivered by the paragraph above titled "Collateral Schedules") within 30 days after the end of each fiscal quarter. For the purpose of this Agreement, Tangible Net Worth shall be calculated as net worth plus Subordinated Debt, less net intangible assets. Total Debt for this calculation shall be defined as total Debt less Subordinated Debt. EBITDA TO FIXED CHARGES is calculated as the ratio of EDITDA, less cash taxes, on a trailing four quarterly basis, to total Fixed Charges. EDITDA shall be defined as net earnings before interest, taxes, depreciation and amortization. FIXED CHARGES shall be generally defined as the sum of: (i) current portion of long term debt ("CPLTD"), (ii) permitted lease payments (excluding payments by ASI to ESSI under the terms of the BioJect Leases), (iii) interest expense, including imputed interest on capital leases, and (iv) maintenance level capital expenditures, all of which shall be calculated on a pro-rata basis for the number of quarters used in the measurement period. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
