Fixed Charge Coverage Ratio as of February Sample Clauses

Fixed Charge Coverage Ratio as of February. 28, 2014. If Excess Availability is less than the Trigger Level at any time from March 14, 2014 through and including April 13, 2014 (the “Applicable Period”), then, notwithstanding such shortfall, the Lenders and Agent hereby agree that (a) such shortfall shall not result in a measurement of the Fixed Charge Coverage Ratio set forth in Section 7 of the Credit Agreement as of the fiscal month ending February 28, 2014 during the Applicable Period, and (b) any noncompliance by Borrowers with such Section 7 for the twelve-fiscal-month period ending on February 28, 2014 during the Applicable Period shall not constitute an Event of Default. Nothing contained in this paragraph shall be construed to exempt Borrowers from compliance with the Fixed Charge Coverage Ratio for any twelve-fiscal-month period ending on or after March 31, 2014 if Excess Availability is less than the Trigger Level at any time, regardless of whether or not such shortfall occurred during the Applicable Period.
Sample 1
AutoNDA by SimpleDocs

Related to Fixed Charge Coverage Ratio as of February

  • 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.

  • 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.

  • 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.

  • Fixed Charge Coverage 45 SECTION 5.10.

  • 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.

  • 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.

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

  • Debt Service Coverage Ratio Not permit the Debt Service Coverage Ratio on the last day of each Fiscal Quarter to be less than 3.50 to 1.00.

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