Fixed Charge Coverage Ratio Minimum of 1:40 to 1.00. (Defined as current assets divided by current liabilities). FCCR =($__________ - $__________ - $ __________) ÷ Debt Service ($______ ) EBITDA Cash Taxes Capital Expenditures not financed with Indebtedness permitted under the Credit Agreement (excluding Capital Expenditures approved in writing by Lender, in its sole discretion) ** The calculation shall be based on the rolling four (4) quarter cash flow and debt service obligations of Borrower and its Subsidiaries; except that the ratio shall be computed on an annualized basis for the fiscal quarters ending June 30, 2011 and September 30, 2011. (INCLUDE SCHEDULE A HERETO FOR ITEM 17) Yes No
Fixed Charge Coverage Ratio Minimum of 1:25 to 1.00. (Defined as current assets divided by current liabilities). FCCR =($__________ - $__________ - $ __________) ÷ Debt Service ($ ) EBITDA Cash Taxes Capital Expenditures not financed with Indebtedness permitted under the Credit Agreement (excluding (i) the one-time and non-recurring Capital Expenditures related to (A) the opening of new payday loan stores in an amount not to exceed $70,000, and (B) the expenses related to the opening of Borrower’s new store in Charleston, South Carolina in an amount not to exceed $262,000, and (ii) such other Capital Expenditures approved in writing by Lender, in its sole discretion) (INCLUDE SCHEDULE A HERETO FOR ITEM 18) Yes No
Fixed Charge Coverage Ratio Minimum to 1.0) __ to 1.0 (Section 6.17) Cash Flow Leverage Ratio (Maximum __ to 1.0) __ to 1.0 (Section 6.18) CALCULATION OF FINANCIAL COVENANTS ----------------------------------
Fixed Charge Coverage Ratio Minimum of 1.20 to 1.00 at end of Subject Period (Defined as Net Cash Flow divided by Debt Service; calculated on a rolling 4 quarter basis as provided in the definition thereof). Yes No ______________ ÷ EBITDA – cash taxes paid – scheduled earn-out payments in respect of Acquisitions – Non-Financed Capital Expenditures – Restricted Payments paid in cash (__________Scheduled principal payments on all Debt + __________)Cash Interest Expense = _______
Fixed Charge Coverage Ratio Minimum. EBITDA of the Borrower minus distributions of the Borrower to its shareholders minus cash taxes paid minus unfunded capital expenditures to the sum of Current Maturities of the Borrower plus interest expense. EBITDA is defined as Net Income before taxes and depreciation plus amortization plus interest expense plus non-recurring and/or non-cash losses and expenses minus non-recurring and/or non-cash gains and income. Unfunded Capital Expenditures is defined as capital expenditures made from Borrower’s funds other than funds borrowed from term debt to finance such capital expenses. Minimum Fixed Charge Ratio of 1.20x to be tested quarterly. Debt to Cap (Maximum). Not to permit its ratio of funded debt divided by the sum of Net Worth and funded debt to be greater than 0.75 times to be tested quarterly.
Fixed Charge Coverage Ratio Minimum of 1:40 to 1.00. (Defined as current assets divided by current liabilities). FCCR =($__________ - $__________ - $ __________) ÷ Debt Service ($_____ ) EBITDA Cash Taxes Capital Expenditures not financed with Indebtedness permitted under the Credit Agreement (excluding (i) the one-time and non-recurring Capital Expenditures related to (A) the opening of new payday loan stores in an amount not to exceed $70,000, and (B) the expenses related to the opening of Borrower’s new store in Charleston, South Carolina in an amount not to exceed $262,000, and (ii) such other Capital Expenditures approved in writing by Lender, in its sole discretion) ** Superior Galleries, Inc. shall not be included in the June 30, 2010 calculation. ** Up to $100,000 of non-recurring legal expenses related to the Stanford International Bank, Ltd. settlement may be added back to EBITDA (INCLUDE SCHEDULE A HERETO FOR ITEM 17) Yes No
