Fixed Charge Coverage Ratio Calculation Sample Clauses
Fixed Charge Coverage Ratio Calculation. ( a ) EBITDA $
( b ) Capital Expenditure Reserve $ ( c ) (a)-(b) $
Fixed Charge Coverage Ratio Calculation. (a) Borrower's EBITDA $___________
(b) Capital Expenditure Reserve (attach quarterly average calculation) $___________ (c) (a) - (b) $___________
Fixed Charge Coverage Ratio Calculation. (Section 5.3 (c))
(a) Borrower's Funds from Operations $ ______ (b) Borrower's Interest Expense $ ______ (c) Unit Capital Expenditures $ ______ (d) FFO plus Interest Expense minus Unit Capital Expenditures $ ______ (e) Payments and Payables on Disqualified Stock $ ______ (f) Regularly Scheduled Principal Paid and Payable $ ______ (g) Payments and Payables on Disqualified Stock Plus Interest Expense plus Regularly Scheduled Principal Paid and Payable $ ______
Fixed Charge Coverage Ratio Calculation. (Section 5.3(c))
(A) Borrower's EBITDA, as defined $_________ (B) Unit Capital Expenditures $_________ (C) EBITDA minus Unit Capital Expenditures $_________ (D) Interest Expense, as defined $_________ (E) Payments and Payables on Disqualified Stock $_________ (F) Regularly Scheduled Principal Paid and Payable $_________ (G) Sum of 4(D), 4(E) and 4(F) $_________ (H) Fixed Charge Coverage Ratio (Ratio of 4(C) to 4(G)) 1.0 --------- Required: Minimum of 1.75 to 1.0
Fixed Charge Coverage Ratio Calculation. The rolling twelve month Fixed Charge Coverage Ratio as of August 23, 2003 for Key Tronic Corporation was 2.25:1.0 calculated as follows:
Fixed Charge Coverage Ratio Calculation. A. EBITDA of Borrower (A.1 + A.2) $__________ 1. Net Income (1(a) - 1(b) - 1(c) - 1(d)) $__________ (a) the net income (or loss) of the Borrower;* $__________ (b) (i) any net non-cash gain or loss during such period arising from the sale, exchange, retirement, or other disposition of capital assets (such term to include all fixed assets and all securities) other than in the ordinary course of business, and (ii) the cumulative effect of any change in GAAP. $__________ (c) the net income of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated with, Borrower or another Subsidiary $__________ (d) the net income of any Person in which Borrower or any of its Subsidiaries has an equity interest in, but which Person is not Borrower, except to the extent of the amount of dividends or other distributions actually paid to Borrower during such period $__________ 2. To the extent reflected as a charge in the statement of Net Income $__________ (2(a) + 2(b) + 2(c) + 2(d) + 2(e)- 2(f)) (a) income tax expense; $__________ (b) Interest Expense; $__________ (c) depreciation and amortization expense; $__________ (d) any write-down of noncurrent assets $__________ (e) the EBITDA of any Person accrued prior to the date it becomes a Subsidiary of, or has merged into or consolidated with Borrower or another Subsidiary $__________ (f) the net income of any Person in which Borrower or any of its Subsidiaries has an equity interest in, but which Person is not a Borrower, except to the extent of the amount of dividends or other distributions actually paid to Borrower during such period $__________
Fixed Charge Coverage Ratio Calculation. (Section 5.3(b))
(A) Borrower’s EBITDA (calculated by adding the Parent’s Interest Expense) for the immediately preceding four (4) calendar quarters $
(B) Unit Capital Expenditures $
(C) Clause (A) minus Clause (B) $
(D) Interest Expense, as defined, of Borrower and Parent $
(E) Payments and Payables on Disqualified Stock $
(F) Regularly Scheduled Principal Paid and Payable (Borrower and Parent) $
(G) Sum of 4(D), 4(E) and 4(F) $
(H) Fixed Charge Coverage Ratio (Ratio of 4(C) to 4(G)) 1.0 Required: Minimum of 1.50 to 1.0
Fixed Charge Coverage Ratio Calculation. ($000) Through the fiscal quarter ending Required to be not less than 1.10 to 1.00 -------------------------------------------------------------------------------
1. Numerator:
(a) Cash, cash equivalents, and investments (at market value) of Borrower on a non-consolidated GAAP basis: $
(b) Reasonably estimated cash interest expense related to the Capital Surplus Note over the subsequent four (4)quarters: $ (c) Reasonably estimated cash principal payments related to the Capital Surplus Note over the subsequent four (4)quarters: $
(d) Reasonably estimated maximum ordinary dividends allowable for Amwest for the four (4) consecutive fiscal quarters ending on such day: $
(e) Reasonably estimated maximum ordinary dividends allowable for Condor for the four (4) consecutive fiscal quarters ending on such day: $
(f) Cash received from stock options exercised for the four(4) previous consecutive fiscal quarters ending on such day: $
(g) Unused amounts available to be drawn under this Credit Facility: $ (h) Sum of 1 (a) through 1 (g): $
Fixed Charge Coverage Ratio Calculation. Net Earnings before One Time Charges $___________ Income Taxes ___________ Consolidated Interest Expense ___________ Depreciation & Amortization ___________ Consolidated Rental Expense ___________ Minus: Cash One Time Charges $___________ EBITDAR $___________ Consolidated Interest Expense $___________ Consolidated Rental Expense ___________ Total Fixed Charges $___________ Fixed Charge Coverage ___________
Fixed Charge Coverage Ratio Calculation. 1. Consolidated EBITDA for the relevant accounting period (Line A.4): $
2. Calculation of Fixed Charges as of the last day of the relevant accounting period:
(A) cash Consolidated Interest Expense: $
(B) cash tax expense: $
(C) scheduled principal installments on Indebtedness for borrowed money (excluding, for the avoidance of doubt, voluntary or mandatory prepayments and any refinancing of such Indebtedness for borrowed money): $
(D) cash Capital Distributions (other than the Spin-Off Dividend): $
(E) Capital Expenditures to the extent not financed with Long Term Indebtedness, in each case of the Borrower and its Subsidiaries (other than with respect to Line B.2(D) which shall be solely of the Borrower): $
3. Fixed Charges (without duplication, the sum of Lines B.2(A) through B.2(E)): $
4. Fixed Charge Coverage Ratio (Line B.1 ÷ Line B.3): to 1.00
5. Is the Fixed Charge Coverage Ratio for the last day of the relevant accounting period greater than or equal to 1.10 to 1.00?: [Yes/No] TopBuild Corp., a Delaware corporation (the “Borrower”), hereby certifies that the officer executing this Closing Certificate is an Authorized Officer (as defined in the Credit Agreement referred to below) of the Borrower and that such officer is duly authorized to execute this Closing Certificate, which is hereby delivered on behalf of the Borrower pursuant to [Section 4.01(xi)] of the Credit Agreement, dated as of [ ], 2015, among, amongst others, the Borrower, the lenders from time to time party thereto, PNC Bank, National Association, as the Administrative Agent, as the Swing Line Lender and as an LC Issuer (as the same may be amended, restated, amended and restated or otherwise modified from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined). The undersigned further certifies that at and as of the Closing Date and both before and immediately after giving effect to the Credit Agreement:
1. No Default or Event of Default has occurred and is continuing.
2. All representations and warranties of the Credit Parties contained in the Credit Agreement and in the other Loan Documents are true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the Closing Date (or in the case of any representation and warranty subject to a materiality qualifier, true and correct), except to the extent that such representations and warranties expressly relate to an earlie...