Fixed Charge Coverage Ratio Covenant. (Section 6.7(a) of Loan Agreement)
Fixed Charge Coverage Ratio Covenant. During the continuance of a Covenant Compliance Event, the Loan Parties shall not permit the Fixed Charge Coverage Ratio, calculated for any Reference Period as of the last day of each fiscal month commencing with the fiscal month immediately prior to the date that the Covenant Compliance Event occurs, to be less than 1.0:1.0.
Fixed Charge Coverage Ratio Covenant. The Consolidated Entities shall not permit its ratio of (A) net income before income tax expense, plus amortization expense, depreciation expense, interest expense, rent and operating lease payments, minus any distributions or dividends, for the twelve (12) month period then ending, to (B) prior period current maturities of long term debt and capital leases, interest expense, cash taxes paid, rent and operating lease payments, for the same such period, to be less than (x) 1.30 to 1.00 as of the end of the fiscal quarter of Borrower ending on March 3, 2007, (y) 1.35 to 1.00 as of the end of the fiscal quarter of Borrower ending on June 2, 2007, and (z) 1.50 to 1.00 as of the end of the fiscal quarter of Borrower ending on August 31, 2007 and each fiscal quarter thereafter. Minimum Ratio for Reporting Period = Actual Ratio for Reporting Period = In Compliance: Yes ¨ No ¨
Fixed Charge Coverage Ratio Covenant. Maintain a Fixed Charge Coverage Ratio of at least 1.20:1.00 at the end of each fiscal quarter on a trailing 4 fiscal quarter basis.
Fixed Charge Coverage Ratio Covenant. FUNDED DEBT TO EBITDA COVENANT Obligors have requested, and, subject to the terms and conditions hereof, MLCFC has agreed to waive the default for the period ended September 30, 2009. Nothing in this letter shall be construed as a waiver of any other term or condition of the Loan Documents, nor shall this letter be construed as a commitment on the part of MLCFC to waive any other term or condition set forth in the Loan Documents. This waiver is expressly limited to the covenant referenced above, for the period referenced above. In all other respects and except as expressly amended hereby, the terms and conditions of the Loan Documents remain in full force and effect.
Fixed Charge Coverage Ratio Covenant. From any date on which Availability is less than $40,000,000 (such occurrence being a “FCC Triggering Event”) and at all times thereafter until the last day of a period of ninety (90) consecutive days during which the average daily Availability is at least $45,000,000, Parent and its Subsidiaries shall maintain a Fixed Charge Coverage Ratio of at least 1.0 to 1.0 calculated at the end of each Fiscal Month (commencing with the Fiscal Month most recently ended prior to such FCC Triggering Event for the period of 12 consecutive Fiscal Months then ending.
Fixed Charge Coverage Ratio Covenant. During the continuance of a Covenant Compliance Event, Parent shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, permit the Consolidated Fixed Charge Coverage Ratio, calculated on a trailing twelve month basis, to be less than 1.0:1.0, commencing with the month ending immediately preceding the date on which a Covenant Compliance Event first occurred.
Fixed Charge Coverage Ratio Covenant. Borrower hereby covenants and agrees not to permit the Ratio of EBITDA to Fixed Charges for each period set forth below to be less than the amount set forth below for such period: PERIOD AMOUNT ------ ------ Twelve (12) month period ending on 2.0 to 1.0 November 30, 2001 and each twelve (12) month period thereafter ending on the last day of each of Borrower's fiscal quarters. Wegener Communications, Inc. June 28, 2002 Page 11 Xxx purposes of this paragraph (9).(1) of this Exhibit A, "RATIO OF EBITDA TO FIXED Charges" means the ratio of (x) net income (or loss) for the applicable period of measurement determined in accordance with generally accepted accounting principles, plus any provision for (or less any benefit from) income and franchise taxes included in the determination of net income, plus interest expense deducted in the determination of net income, plus amortization and depreciation deducted in the determination of net income, plus extraordinary losses (or less gains), as defined under generally accepted accounting principles to (y) without duplication, scheduled payments of principal during the applicable period of measurement with respect to all indebtedness of Borrower for borrowed money, plus scheduled payments of principal during the applicable period of measurement with respect to all capital lease obligations, plus scheduled payments of interest during the applicable period of measurement with respect to all indebtedness of Borrower for borrowed money and with respect to all capital lease obligations, plus unfinanced capital expenditures during the applicable period of measurement for the purchase or other acquisition of fixed assets, plus payments during the applicable period of measurement in respect of income or franchise taxes.
Fixed Charge Coverage Ratio Covenant. Section 5.19 of the Credit Agreement is amended by replacing the ratios set forth in the table therein, solely for the Fiscal Quarters set forth below, with the following ratios (and the remainder of such table shall remain without amendment): Fiscal Quarter Ratio Third Fiscal Quarter 1996 1.05:1 Fourth Fiscal Quarter 1996 1.45:1 First Fiscal Quarter 1997 1.30:1 Second Fiscal Quarter 1997 1.35:1 Third Fiscal Quarter 1997 1.55:1 Fourth Fiscal Quarter 1997 1.65:1
Fixed Charge Coverage Ratio Covenant. The Consolidated Entities shall not permit its ratio of (A) net income, plus amortization expense, depreciation expense, interest expense, income tax expense, rent, operating lease payments, and non-cash stock compensation expense, minus any distributions or dividends or stock repurchases (other than stock repurchases funded with amortizing debt) minus Unfunded Capital Expenditures, for the twelve (12) month period then ending, to (B) prior period current maturities of long term debt and capital leases, interest expense, cash taxes paid, rent and operating lease payments, for the same such period, to be less than 1.15 to 1.00 as of the end of each fiscal quarter of Borrower. As used in this Section 6.8(b), the term “Unfunded Capital Expenditures” means Capital Expenditures paid in cash or funded with non-amortizing debt. Minimum Ratio for Reporting Period: 1.15 to 1.00 Actual Ratio for Reporting Period: ___________ In Compliance: Yes ¨ No ¨
