Financial Condition and Operations. The Borrower will not permit to occur any of the events set forth below.
Financial Condition and Operations. The balance sheet of the Borrower, as of December 31, 2009 and, with respect to the period ended December 31, 2009 the related statement of cash flow of the Borrower for the fiscal period then ended, copies of which have been furnished to the Lender, fairly present in all material respects the financial condition of the Borrower as at such date, and the results of the operations of the Borrower for the period ended on such dates and since December 31, 2009 there has been no material adverse change in such condition or operations;
Financial Condition and Operations. Holdings and the Borrowers will not permit any of the events set forth below to occur.
(a) Holdings and the Borrowers will not permit the Leverage Ratio as of the last day of each Fiscal Quarter below to be greater than the ratio set forth opposite such Fiscal Quarter below: Leverage Fiscal Quarter Ratio The fourth Fiscal Quarter of the 2004 Fiscal Year and the 4.00:1 first and second Fiscal Quarters of the 2005 Fiscal Year The third Fiscal Quarter of the 2005 Fiscal Year 3.75:1 The fourth Fiscal Quarter of the 2005 Fiscal Year and the 3.50:1 first Fiscal Quarter of the 2006 Fiscal Year The second Fiscal Quarter of the 2006 Fiscal Year 3.25:1 The third Fiscal Quarter of the 2006 Fiscal Year and each 3.00:1 Fiscal Quarter thereafter
(b) Holdings and the Borrowers will not permit the Interest Coverage Ratio as of the last day of each Fiscal Quarter below to be less than the ratio set forth opposite such Fiscal Quarter below: Interest Coverage Fiscal Quarter Ratio The fourth Fiscal Quarter of the 2004 Fiscal Year and the 2.90:1 first Fiscal Quarter of the 2005 Fiscal Year
20:1 Fiscal Year and the first Fiscal Quarter of the 2006 Fiscal Year
50:1 Fiscal Quarter thereafter
(c) Holdings and the Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of each Fiscal Quarter below be less than the ratio set forth opposite such Fiscal Quarter set forth below: Fixed Charge Coverage Fiscal Quarter Ratio
30:1 first Fiscal Quarter of the 2005 Fiscal Year
40:1 Fiscal Year and the first Fiscal Quarter of the 2006 Fiscal Year The second Fiscal Quarter of the 2006 Fiscal Year and each 1.50:1 Fiscal Quarter thereafter
Financial Condition and Operations. Holdings will not permit any of the events set forth below to occur.
(a) Holdings will not permit the Consolidated Leverage Ratio as of the last day of any Measurement Period ending in any period set forth below to be greater than the ratio set forth opposite such period: Period Ratio Restatement Effective Date through September 30, 2012 4.125:1.00 October 1, 2012 through December 31, 2012 3.875:1.00 January 1, 2013 through September 30, 2013 3.625:1.00 October 1, 2013 through March 31, 2014 3.50:1.00 April 1, 2014 through the Tranche B-2 Term Loan Maturity Date 3.375:1.00
(b) Holdings will not permit the Consolidated Interest Coverage Ratio for any Measurement Period ending during any period set forth below to be less than the ratio set forth below opposite such period: Period Ratio Restatement Effective Date through September 30, 2012 2.875:1.00 October 1, 2012 through December 31, 2012 3.075:1.00 January 1, 2013 through September 30, 2013 3.125:1.00 October 1, 2013 through the Tranche B-2 Term Loan Maturity Date 3.25:1.00
Financial Condition and Operations. Holdings will not permit any of the events set forth below to occur.
(a) Holdings will not permit the Leverage Ratio for any period ending on the last day of any Fiscal Quarter set forth below to be greater than the ratio set forth opposite such Fiscal Quarter: [Amendment No. 2, Section 2.18] September 30,2009 6.75:1.00 December 31, 2009 6.75:1.00 March 31, 2010 6.75:1.00 June 30, 2010 6.75:1.00 September 30, 2010 6.60:1.00 December 31, 2010 6.60:1.00 March 31, 2011 6.35:1.00 June 30, 2011 6.35:1.00 September 30, 2011 6.00:1.00 December 31, 2011 6.00:1.00 March 31, 2012 5.75:1.00 June 30, 2012 5.75:1.00 September 30, 2012 5.75:1.00 December 31, 2012 5.25:1.00 March 31, 2013 5.25:1.00 June 30, 2013 4.75:1.00 September 30, 2013 4.75:1.00 December 31, 2013 4.50:1.00 March 31, 2014 4.50:1.00 June 30, 2014 4.50:1.00
(b) Holdings will not permit the Interest Coverage Ratio for any period ending on the last day of any Fiscal Quarter set forth below set forth below to be less than the ratio set forth opposite such Fiscal Quarter: [Amendment No. 2, Section 2.19] September 30, 2009 1.25:1.00 December 31, 2009 1.25:1.00 March 31, 2010 1.25:1.00 June 30, 2010 1.25:1.00 September 30, 2010 1.25:1.00 December 31, 2010 1.25:1.00 March 31, 2011 1.30:1.00 June 30, 2011 1.30:1.00 September 30, 2011 1.40:1.00 December 31, 2011 1.45:1.00 March 31, 2012 1.45:1.00 June 30, 2012 1.50:1.00 September 30, 2012 1.50:1.00 December 31, 2012 1.50:1.00 March 31, 2013 1.70:1.00 June 30, 2013 1.70:1.00 September 30, 2013 1.70:1.00 December 31, 2013 1.70:1.00 March 31, 2014 1.80:1.00 June 30, 2014 1.80:1.00 (c) Commencing with the Fiscal Quarter ended September 30, 2009, Holdings will not permit Liquidity as of the last day of each Fiscal Quarter to be less than $65,000,000. [Amendment No. 2, Section 2.20]
Financial Condition and Operations. The Company will not permit any of the events set forth below to occur.
(a) The Company will not permit the Leverage Ratio as of the last day of any Fiscal Quarter occurring during any period set forth below to be greater than the ratio set forth opposite such period: Period Leverage Ratio Each Fiscal Quarter ending between December 15, 2006 and April 15, 2007 6.00:1.00 Each Fiscal Quarter ending between April 16, 2007 and July 15, 2007 5.50:1.00 Each Fiscal Quarter ending between July 16, 2007 and October 15, 2007 5.25:1.00 Period Leverage Ratio Each Fiscal Quarter ending between October 16, 2007 and April 15, 2008 5.00:1.00 Each Fiscal Quarter ending between April 16, 2008 and October 15, 2008 4.75:1.00 Each Fiscal Quarter ending between October 16, 2008 and April 15, 2009 4.50:1.00 Each Fiscal Quarter ending between April 16, 2009 and July 15, 2009 4.25:1.00 Each Fiscal Quarter ending between July 16, 2009 and October 15, 2009 4.00:1.00 Each Fiscal Quarter thereafter 3.75:1.00
(b) The Company will not permit the Interest Coverage Ratio as of the last day of any Fiscal Quarter occurring during any period set forth below to be less than the ratio set forth opposite such period: Each Fiscal Quarter ending between December 15, 2006 and July 15, 2007 1.50:1.00 Each Fiscal Quarter ending between July 16, 2007 and January 15, 2008 1.75:1.00 Each Fiscal Quarter ending between January 16, 2008 and October 15, 2008 2.00:1.00 Each Fiscal Quarter ending between October 16, 2008 and April 15, 2009 2.25:1.00 Each Fiscal Quarter thereafter 2.50:1.00
Financial Condition and Operations. Aladdin Gaming will not, as of the close of any Fiscal Quarter, commencing with the close of the Fiscal Quarter in which the Conversion Date occurs, permit:
Financial Condition and Operations. The Borrower will not permit any of the events set forth below to occur.
(a) The Borrower will not permit the Total Leverage Ratio (i) as of the last day of the Fiscal Quarter ending June 30, 2007 to be greater than 3.75 to 1.00 and (ii) as of the last day of any Fiscal Quarter thereafter to be greater than 3.50 to 1.00.
(b) The Borrower will not permit the Interest Coverage Ratio as of the last day of any Fiscal Quarter to be less than 3.00 to 1.00.
(c) The Borrower will not permit the Current Ratio as of the last day of any Fiscal Quarter to be less than 1.00 to 1.00. For avoidance of doubt and notwithstanding that the financial statements delivered pursuant to Sections 7.1.1(a) and (b) may be delivered in accordance with IFRS reconciled to GAAP, the accounting determinations and computations under this Section 7.2.4 shall be made in accordance with GAAP consistently applied.
Financial Condition and Operations. The Borrowers will not permit any of the events set forth below to occur.
(a) The Borrowers will not permit the Leverage Ratio as of the last day of any Fiscal Quarter occurring during any period set forth below (that is, commencing with the Fiscal Quarter ending October 31, 2007) to be greater than the ratio set forth opposite such period:
(b) The Borrowers will not permit the Interest Coverage Ratio as of the last day of any Fiscal Quarter occurring during any period set forth below (that is, commencing with the Fiscal Quarter ending October 31, 2007) to be less than the ratio set forth opposite such period:
Financial Condition and Operations. The Borrower will not permit to occur any of the events set forth below.
(a) The Borrower will not permit the Total Debt to EBITDA Ratio as of the last day of any Fiscal Quarter to be greater than the ratio set forth opposite such date: Total Debt to EBITDA Date Ratio Effective Date 4.00:1.00 third Fiscal Quarter of Fiscal Year 1999, 4.00:1.00 fourth Fiscal Quarter of Fiscal Year 1999, 4.00:1.00 first Fiscal Quarter of Fiscal Year 2000, 4.00:1.00 second Fiscal Quarter of Fiscal Year 2000, 4.00:1.00 and third Fiscal Quarter of Fiscal Year 2000 4.00:1.00 fourth Fiscal Quarter of Fiscal Year 2000, 3.50:1.00 first Fiscal Quarter of Fiscal Year 2001, 3.50:1.00 second Fiscal Quarter of Fiscal Year 2001, 3.50:1.00 and third Fiscal Quarter of Fiscal Year 2001, 3.50:1.00 fourth Fiscal Quarter of Fiscal Year 2001, 3.00:1.00 first Fiscal Quarter of Fiscal Year 2002, 3.00:1.00 second Fiscal Quarter of Fiscal Year 2002, 3.00:1.00 and third Fiscal Quarter of Fiscal Year 2002, 3.00:1.00 fourth Fiscal Quarter of Fiscal Year 2002, 2.75:1.00 first Fiscal Quarter of Fiscal Year 2003, 2.75:1.00 and second Fiscal Quarter of Fiscal Year 2003, 2.75:1:00 third Fiscal Quarter of Fiscal Year 2003, 2.75:1.00 fourth Fiscal Quarter of Fiscal Year 2003, 2.25:1.00 each Fiscal Quarter thereafter 2.25:1.00 ; provided, however, that if at any time when the Borrower converts the Existing Subordinated Debt when the Total Debt to EBITDA Ratio has not been reduced to 3.00:1.00, the applicable Total Debt to EBITDA Ratio from and including the date of such conversion shall equal the Total Debt to EBITDA Ratio then in effect as set forth above (x) reduced by .25 at any time when the outstanding amount of the Existing Subordinated Debt is less than $13,000,000, and (y) reduced by an additional .25 (for a total reduction of .50) at any time when the outstanding amount of the Existing Subordinated Debt is less than $5,000,000.
(b) The Borrower shall not permit its Net Worth as of the end of any Fiscal Quarter to be less than the sum of (i) $42,500,000, plus (ii) 50% of Net Income for each such period in excess of zero, plus (iii) 80% of net equity cash proceeds received after the Effective Date.
(c) The Borrower will not permit the Fixed Charge Coverage Ratio as of the end of any Fiscal Quarter occurring during any period set forth below to be less than the ratio set forth opposite such period: Period Fixed Charge Coverage Ratio Ending on the Effective Date 1.20:1.00 Each Fiscal Quarter thereafter 1...
