Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.
Appears in 1 contract
Samples: Construction Loan Agreement (Red Trail Energy, LLC)
Fixed Charge Coverage Ratio. The Borrower must Borrowers will maintain (tested as of the last day of each fiscal quarter in each fiscal year for the three (3), six (6), nine (9) or twelve (12) month period of such fiscal year, as appropriate, ending on that date) a Fixed Charge Coverage Ratio of no not less than 1.15:1.0the following: Fiscal Quarter Ended Ratio -------------------- ----- March 31, measured at the end of each of the following individual quarters: the quarter ending 1997 through September 30, 1997 0.90 to 1.0 December 31, 2012 and the quarter ending 1997 through March 31, 2013. Commencing with the quarter ending on 1999 1.00 to 1.0 June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.1999 and thereafter 1.10 to 1.0
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Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at will not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured for any period of four consecutive fiscal quarters ending on a rolling four quarters trailing basis at the end last day of each full any fiscal quarterquarter set forth below, of no to be less than 1.15:1.0. The the amount set forth opposite such date below: Fiscal Quarter Ending Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.June 30, 2016 1.05 to 1.00 September 30, 2016 1.10 to 1.00 December 31, 2016 1.25 to 1.00 March 31, 2017 1.50 to 1.00 June 30, 2017 and thereafter 2.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Groupon, Inc.)
Fixed Charge Coverage Ratio. The Borrower must will maintain a Fixed Charge Coverage Ratio (to be tested quarterly, and except as set forth in (i) and (ii) below for the four fiscal quarters then ended) of no not less than 1.15:1.0, measured at (i) 1.15 to 1.00 for the end of each of the following individual quarters: the quarter ending December 31, 2012 and the fiscal quarter ending March 31, 2013. Commencing with 1998; (ii) 1.20 to 1.00 for the quarter two fiscal quarters ending on June 30, 20131998, and for the Borrower must maintain a Fixed Charge Coverage Ratiothree fiscal quarters ending September 30, measured on a rolling 1998; (iii) 1.20 to 1.00 for the four fiscal quarters trailing basis at the end of each full fiscal quarterending December 31, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis1998; and (iv) 1.25 to 1.00 thereafter.
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Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at will not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured for any period of four consecutive fiscal quarters ending on a rolling four quarters trailing basis at the end last day of each full any fiscal quarterquarter set forth below, of no to be less than 1.15:1.0. The Fixed Charge Coverage the ratio set forth below opposite such period: Period Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.Effective Date through June 30, 2018 1.50:1.00 July 1, 2018 through September 30, 2018 1.25:1.00 October 1, 2018 through December 31, 2018 1.10:1.00 January 1, 2019 through June 30, 2019 1.25:1.00 All times thereafter 1.50:1.00”
Appears in 1 contract
Samples: Credit Agreement (Meet Group, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio as of no less than 1.15:1.0, measured at the end of each of fiscal quarter for the four fiscal quarter period ending on such day to be less than the following individual quartersamounts during the following periods of time: the quarter ending December 31, 2012 Period Ratio Closing Date through 06/30/07 1.10:1.00 07/01/07 through 12/31/08 1.50:1.00 01/01/09 through 12/31/09 1.75:1.00 01/01/10 through 06/30/10 2.00:1.00 07/01/10 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 2.25:1.00
Appears in 1 contract
Samples: Credit Agreement (Lecroy Corp)
Fixed Charge Coverage Ratio. The Borrower must maintain and its --------------------------- Subsidiaries shall maintain, as of last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending June 30, 2001, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis2.0:1.0.
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Fixed Charge Coverage Ratio. The Borrower must Xxxxx and its consolidated Subsidiaries will maintain a Fixed Charge Coverage Ratio for each period of no four consecutive fiscal quarters ending on the last day of each fiscal quarter of not less than 1.15:1.0, measured at the end of each of the following individual quartersapplicable ratio set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Minimum Fixed Charge Coverage Ratio“Fiscal Quarter Ending Ratio August 31, measured on a rolling four quarters trailing basis at the end of 2005 .35 to 1.00 November 30, 2005 .20 to 1.00 February 28, 2006 .25 to 1.00 May 31, 2006 .25 to 1.00 August 31, 2006 .35 to 1.00 November 30, 2006 .75 to 1.00 February 28, 2007 and each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.ending thereafter 1.10 to 1.00”
Appears in 1 contract
Samples: Consents and Reaffirmations (Meade Instruments Corp)
Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio for any period of no less than 1.15:1.0, measured at the end of each four consecutive fiscal quarters of the following individual quarters: Borrower ending on the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the last day of any fiscal quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no any date or during any period referred to below to be less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.ratio set forth below opposite such date or period: Fiscal Quarter Ending: Ratio: ---------------------- ------ January 24, 2003 0.95:1.00 April 25, 2003 0.95:1.00 Thereafter 1.00:1.00
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Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at and Holdings will not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at determined as of the end last day of each full any fiscal quarterquarter ending during any period set forth below, of no to be less than 1.15:1.0. The Fixed Charge Coverage the ratio set forth opposite such period: Period Minimum Ratio shall be tested by the Agent quarterly on a ------ ------------- First fiscal quarter basis.1998 to and including third fiscal quarter 1999 1.05 to 1.0 Fourth fiscal quarter 1999 to and 1.25 to 1.0 including third fiscal quarter 2000 Fourth fiscal quarter 2000 to and 1.35 to 1.0 including third fiscal quarter 2001 77 Period Minimum Ratio ------ ------------- Fourth fiscal quarter 2001 to and 1.45 to 1.0 including third fiscal quarter 2002
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Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2005, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersthan: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter Fiscal Quarter Fixed Charge Coverage Ratio Fiscal Quarters ending on June 30, 20132005 and September 30, the Borrower must maintain a Fixed Charge Coverage Ratio2005 1.00:1.00 Fiscal Quarters ending December 31, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter2005 and March 31, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2006 1.25:1.00 Each Fiscal Quarter ending after March 31, 2006 1.50:1.00
Appears in 1 contract
Samples: Revolving Credit Agreement (United Industrial Corp /De/)
Fixed Charge Coverage Ratio. The As of the last day of each fiscal quarter of the Borrower must maintain a ending on the dates set forth below, the Borrower shall not permit the Fixed Charge Coverage Ratio of no to be less than 1.15:1.0, measured at the end of each of the following individual quartersthan: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly Shall Not Be Fiscal Quarter Ending on a or about Less Than 06/30/06 0.85 to 1.0 09/30/06 and each fiscal quarter basis.ending thereafter 1.15 to 1.0
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Fixed Charge Coverage Ratio. The Borrower must maintain a will not (a) as of the end of any fiscal quarter during Fiscal Year 2005, permit the Fixed Charge Coverage Ratio for the four quarter period ended as of no less than 1.15:1.0, measured at the end of each such fiscal quarter to be less than 1.30 to 1.00 and (b) as of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full any fiscal quarterquarter after Fiscal Year 2005, of no less than 1.15:1.0. The permit the Fixed Charge Coverage Ratio shall be tested by for the Agent quarterly on a four quarter period ended as of the end of such fiscal quarter basis.to be less than 1.50 to 1.00”
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Fixed Charge Coverage Ratio. The Borrower must maintain Borrowers will maintain, as of the end of each Fiscal Quarter (commencing with the Fiscal Quarter ending March 31, 2017), a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of below ratios for the following individual quarterscorresponding Fiscal Quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter End Fixed Charge Coverage Ratio shall be tested by 12/31/16 and each Fiscal Quarter thereafter through and including the Agent quarterly on a fiscal quarter basis.Fiscal Quarter ending 12/31/17 1.10 : 1.00 3/31/18 and 6/30/18 1.25 : 1.00 9/30/18 1.00 : 1.00 12/31/18 and each Fiscal Quarter thereafter 1.25 : 1.00
Appears in 1 contract
Samples: Loan Documents Modification Agreement (PRGX Global, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain Maintain as of the end of each fiscal quarter, a Fixed Charge Coverage Ratio for Quantum and its Subsidiaries, on a consolidated basis, of no not less than 1.15:1.0, measured at the end of ratio set forth below for each of the following individual quartersfour (4) consecutive fiscal quarter period then ended set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter Ending Minimum Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a December 31, 2017 1.25 to 1.00 March 31, 2018 and each fiscal quarter basis.ending thereafter 1.00 to 1.00
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Fixed Charge Coverage Ratio. The Borrower must will maintain a Fixed Charge Coverage Ratio on the last day of no each fiscal quarter for the four (4) preceding fiscal quarters not less than 1.15:1.01.2 to 1.0; provided, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on however prior to June 30, 2013, 2002 this covenant shall be calculated as follows: for the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.
Appears in 1 contract
Samples: Credit Agreement (Weston Roy F Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio for any period of no less than 1.15:1.0, measured at the end of each four consecutive Fiscal Quarters of the following individual quarters: Borrowers ending on the quarter last day any Fiscal Quarter, commencing with the Fiscal Quarter ending on December 31, 2012 and 2012, to be less than 1.50 to 1.00; provided, that for the quarter Fiscal Quarters of the Borrowers ending on December 31, 2012, March 31, 2013. Commencing with the quarter ending on , and June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by determined for the Agent quarterly period commencing on a fiscal quarter basisOctober 1, 2012, and ending on the last day of such Fiscal Quarter.
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Fixed Charge Coverage Ratio. The As of the last day of each Fiscal Quarter set forth in the table below, the Borrower must maintain a shall not permit the Fixed Charge Coverage Ratio of no to be less than 1.15:1.0the ratio set forth in the table below opposite the applicable fiscal quarter end: Fiscal Quarter End Ratio September 30, measured at the end of 2010 and each of the following individual quarters: the quarter Fiscal Quarter ending thereafter through and including September 30, 2012 1.25 to 1.00 December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 1.50 to 1.00
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Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio of no for any consecutive four (4) fiscal quarter period to be less than 1.15:1.0, measured at the end of each 1.25 to 1.0 as of the following individual quarters: last day of any fiscal quarter of the quarter ending December 31Borrower, 2012 and provided that the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall only be tested by when the Agent quarterly on a fiscal quarter basis.difference of Long-Term Indebtedness minus Subordinated Debt owing to the Parent is greater than $10,000,000, calculated based upon the most recent financial statements of the Borrower required to be delivered under Section 7.1(a); and
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Fixed Charge Coverage Ratio. The Borrower must maintain shall maintain, as determined at the end of each Fiscal Quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of applicable ratio set forth in the following individual quarterstable: the quarter ending IF SUCH FISCAL QUARTER ENDS APPLICABLE RATIO on or after December 31, 2012 1996 and the quarter ending March 31on or before September 28, 2013. Commencing with the quarter ending 1997 1.10 to 1.00 after September 28, 1997 and on June 30or before September 24, 20132000 1.15 to 1.00 after September 24, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2000 1.10 to 1.00
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Fixed Charge Coverage Ratio. The Borrower must maintain a Borrowers will not permit the Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the any fiscal quarter ending December 31, 2012 and during any period described below to be less than the ratio set forth opposite such period below: Period Ratio ------ ----- Fiscal quarter ending March 31May 3, 2013. Commencing with the quarter 1997 1.00 to 1 Two consecutive fiscal quarters ending on June 30August 2, 20131997 1.00 to 1 Three consecutive fiscal quarters ending November 1, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling 1997 1.00 to 1 Each period of four consecutive fiscal quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.ending thereafter 1.25 to 1"
Appears in 1 contract
Samples: Credit Agreement (Baker J Inc)
Fixed Charge Coverage Ratio. The Borrower must Loan Parties shall maintain as of the end of each fiscal quarter, for the twelve month period ending on the last day of such fiscal quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0the ratio set forth below opposite such period: Fixed Charge Fiscal Quarter Ending: Coverage Ratio: September 30, measured at the end of each of the following individual quarters: the quarter ending 2010 0.70 to 1.0 December 31, 2012 and the quarter ending 2010 0.85 to 1.0 March 31, 2013. Commencing with the quarter ending on 2011 1.00 to 1.0 June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2011 1.05 to 1.0
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Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio (i) as of no the last day of the fiscal quarter of the Borrower ending on September 30, 2023 to be less than 1.15:1.0, measured at 1.00:1.00 and (ii) as of the end last day of each fiscal quarter of the following individual quarters: the quarter Borrower ending on or after December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no 2023 to be less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis1.05:1.00.
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Fixed Charge Coverage Ratio. The Borrower must and Guarantors will maintain at all times, on a consolidated basis, a minimum Fixed Charge Coverage Ratio of no not less than 1.15:1.0the following, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured such ratio to be tested quarterly on a rolling four quarters trailing quarter basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The : Date/Fiscal Year Ending Fixed Charge Coverage Ratio shall be tested by ----------------------- --------------------------- The first three quarters of FYE 2004 1.10 to 1.0 End of FYE 2004 and through the Agent quarterly on a first three fiscal quarter basis.quarters of FYE 2005 1.10 to 1.0 End of FYE 2005 and thereafter 1.15 to 1.0
Appears in 1 contract
Samples: Loan Agreement (Gristedes Foods Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio Maintain as of no less than 1.15:1.0, measured at the end last day of each fiscal quarter of the following individual quarters: the quarter ending December 31Borrower, 2012 and the quarter ending March 31, 2013. Commencing commencing with the fiscal quarter ending on June September 30, 20131996, the Borrower must maintain a minimum Fixed Charge Coverage Ratio, measured on a rolling calculated for the immediately preceding four quarters trailing basis at the end of each full fiscal quarterquarters, of no less than 1.15:1.0. The Fixed Charge Coverage at least: Fiscal Quarter Required Ending On Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.September 30, 1996 0.85 to 1.0 December 31, 1996 and 1.50 to 1.0 thereafter
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Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio of no less than 1.15:1.0the Borrower and its consolidated Subsidiaries, measured at determined as of the end last day of each of fiscal quarter for the following individual quarters: the four consecutive fiscal quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter periods ending on such date, to be less than: For Fiscal Quarters Ending: Minimum Required Ratio --------------------------- ---------------------- March 2003 1.20:1.00 June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2003 1.20:1.00 September 2003 1.00:1.00 December 2003 1.05:1.00 March 2004 1.10:1.00
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Fixed Charge Coverage Ratio. The Borrower must will maintain a Fixed Charge Coverage Ratio of no not less than 1.15:1.0(i) 0.50:1.00 as of the last day of the fiscal quarter of the Borrower ended November 30, measured at 2002 and (ii) 0.75:1.00 as of the end last day of each fiscal quarter of the following individual quarters: Borrower commencing on the quarter ending December 31ended February 28, 2012 2003 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0thereafter. The Fixed Charge Coverage Ratio shall be tested by determined based on four of the Agent quarterly on a previous five fiscal quarter basis.quarters of the Borrower that occurred immediately prior to the calculation date, at the Borrower's option. As used herein, the following terms have the following meanings:
Appears in 1 contract
Samples: Credit Agreement (Aar Corp)
Fixed Charge Coverage Ratio. The Calculated as of the end of each of Borrower’s fiscal quarters, commencing with the fiscal quarter which ends June 30, 2012, Borrower must maintain will not permit a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at for the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter twelve (12) months ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end last day of each full such fiscal quarter, of no to be less than 1.15:1.01.00 to 1.00. The Fixed Charge Coverage Ratio shall be tested by For purposes of this section, the Agent quarterly on a fiscal quarter basis.following terms have the following meanings:
Appears in 1 contract
Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured for the twelve month period ending on a rolling four quarters trailing basis at the end last day of each full fiscal quarterquarter of the Borrower, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by greater than or equal to the Agent quarterly on a fiscal quarter basis.ratio shown below for the period corresponding thereto: Period Ratio ------ ----- January 1, 1999 to March 31, 2000 1.05 to 1.0 April 1, 2000 and thereafter 1.10 to 1.0
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Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio as of no less than 1.15:1.0, measured at the end of each any fiscal quarter of the following individual quartersBorrower to be less than the ratio set forth below opposite the period in which such date occurs: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on Minimum Fixed Charge Coverage Four Fiscal Quarters Ending Ratio ---------------------------------------------------------------- Closing Date through June 30, 20132004 1.6x July 1, the Borrower must maintain a Fixed Charge Coverage Ratio2004 through June 30, measured on a rolling four quarters trailing basis at the end of 2005 1.25x July 1, 2005 and each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 1.5x
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at Permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at as of the end last day of each full fiscal quarterany Fiscal Quarter, of no to be less than 1.15:1.0. The Fixed Charge Coverage the ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ratio shall be tested by -------------- ----- Fiscal Quarters ending prior to the Agent quarterly on a fiscal quarter basis.1.25 to 1.00 Completion Date Fiscal Quarters ending after the 1.10 to 1.00 Completion Date if the Leverage Ratio is greater than or equal to 2.50 to 1.00
Appears in 1 contract
Samples: Loan Agreement (Station Casinos Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio of no to be less than 1.15:1.0, measured at the end of each (a) 1.10:1.00 as of the following individual quarters: last day of Borrower’s fiscal quarter ending June 30, 2002, for the fiscal quarter then ended, (b) 1.15:1.00 as of the last day of Borrower’s fiscal quarter ending September 30, 2002, for the fiscal quarter then ended, and (c) 1.25:1.00 as of the last day of Borrower’s fiscal quarter ending December 31, 2012 2002 and any fiscal quarter thereafter, for the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling trailing four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisthen ended.
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Fixed Charge Coverage Ratio. The Borrower must Borrowers will maintain (tested as of the last day of each fiscal quarter in each fiscal year for the three (3), six (6), nine (9) or twelve (12) month period of such fiscal year, as appropriate, ending on that date) a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersfollowing: the quarter ending December 31, 2012 and the quarter ending Fiscal Quarter Ended Ratio -------------------- ----- March 31, 2013. Commencing with the quarter ending on 1997 0.90 to 1.0 June 30, 20131997 through March 31, the Borrower must maintain a Fixed Charge Coverage Ratio1999 1.00 to 1.0 June 30, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.1999 and thereafter 1.10 to 1.0
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must will maintain a Fixed Charge Coverage Ratio (to be tested quarterly, and except as set forth in (i) and (ii) below for the four fiscal quarters then ended) of no not less than 1.15:1.0, measured at (i) 1.15 to 1.00 for the end of each of the following individual quarters: the quarter ending December 31, 2012 and the fiscal quarter ending March 31, 2013. Commencing with 1998 and the quarter two fiscal quarters ending on June 30, 20131998; (ii) 1.17 to 1.00 for the three fiscal quarters ending September 30, 1998; (iii) 1.20 to 1.00 for the Borrower must maintain a Fixed Charge Coverage Ratiofour fiscal quarters ending December 31, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis1998; and (iv) 1.25 to 1.00 thereafter.
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must shall maintain as of the last day of each fiscal quarter ending during the periods set forth below, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersratios set forth below: the quarter ending Period Ratio December 31, 2012 and the quarter ending 2001 * March 31, 2013. Commencing with the quarter ending on 2002 * June 30, 20132002 * September 30, the Borrower must maintain a Fixed Charge Coverage Ratio2002 * December 31, measured on a rolling four quarters trailing basis at the end of 2002 and each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.end thereafter *
Appears in 1 contract
Samples: Credit Agreement (Meta Group Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a As to the Company, permit, as of the last day of any fiscal quarter, the Fixed Charge Coverage Ratio of no to be less than 1.15:1.0, measured at the end of each of ratio set forth in the following individual quarterstable below opposite such fiscal quarter or the period during which such fiscal quarter ends: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Maximum Permitted Fiscal Quarter(s) Ending In Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.--------------------------- --------------------------- Through June 1998 1.80 to 1 September 1998 and thereafter 2.00 to 1"
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Fixed Charge Coverage Ratio. The Borrower must maintain Maintain as of the end of each fiscal quarter, a Fixed Charge Coverage Ratio for Quantum and its Subsidiaries, on a consolidated basis, of no not less than 1.15:1.0, measured at the end of ratio set forth below for each of the following individual quartersfour (4) consecutive fiscal quarter period then ended set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter Ending Minimum Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a March 31, 2019 0.75:1.00 June 30, 2019 0.85:1.00 September 30, 2019 0.90:1.00 December 31, 2019 0.90:1.00 March 31, 2020 1.05:1.00 June 30, 2020 1.05:1.00 September 30, 2020 and each fiscal quarter basis.thereafter 1.25:1.00
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Fixed Charge Coverage Ratio. The Borrower must maintain a Borrowers and their Subsidiaries will not permit the Fixed Charge Coverage Ratio as of no the last day of any Fiscal Quarter to be less than 1.15:1.0(i) 0.96 to 1.0 for the Fiscal Quarter ending June 30, measured at 2014 and for the end of each of Fiscal Quarter ending September 30, 2014, (ii) 1.0 to 1.0 for the following individual quarters: the quarter Fiscal Quarter ending December 31, 2012 and 2014, (iii) 1.04 to 1.0 for the quarter Fiscal Quarter ending March 31, 2013. Commencing with 2015 and for the quarter Fiscal Quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of 2015 and (iv) 1.09 to 1.0 for each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisFiscal Quarter ending thereafter.
Appears in 1 contract
Samples: Credit Agreement (Amedisys Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain shall have a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at as of the end of each full period of twelve consecutive fiscal quartermonths ending on the last day of the fiscal month set forth below, of no not less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.ratio set forth below opposite such month: MINIMUM FIXED TWELVE FISCAL MONTHS ENDING CHARGE COVERAGE RATIO --------------------------- --------------------- (a) July 2000 .20 to 1.00
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Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries shall maintain, as of the last day of each Fiscal Quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0than: Fiscal Quarter Fixed Charge Coverage Ratio Each Fiscal Quarter ending after 1.25:1.00 March 31, measured at the end of each of the following individual quarters: the quarter ending 2012 and on or prior to December 31, 2012 and the quarter Each Fiscal Quarter ending March after 1.50:1.00 December 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2012
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Fixed Charge Coverage Ratio. The Have the end of each fiscal quarter of Borrower must maintain within the Term hereof, commencing with the fiscal quarter ending December 31, 1997, a Fixed Charge Coverage Ratio of no less for the twelve consecutive months then ended equal to or greater than 1.15:1.0, measured at the end ratio set forth opposite the last day of each of such fiscal quarter in the following individual quartersschedule: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter Ending Fixed Charge Coverage Ratio shall be tested by December 31, 1997 .50 to 1 March 31, 1998 1.00 to 1 June 30, 1998 1.25 to 1 September 30, 1998 1.25 to 1 December 31, 1998 and the Agent quarterly on a last day of each fiscal quarter basis.thereafter 1.50 to 1
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Fixed Charge Coverage Ratio. The As of the last day of any Fiscal Quarter, the Borrower must will during the periods indicated maintain a Fixed Charge Coverage Ratio for the preceding four (4) Fiscal Quarters then ended of no not less than 1.15:1.0, measured at (a) 1.50 to 1.00 from the end of each of the following individual quarters: the quarter ending December 31, 2012 date hereof through and the quarter ending March 31, 2013. Commencing with the quarter ending on June including September 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis2000 and (b) thereafter 1.75 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Schlotzskys Inc)
Fixed Charge Coverage Ratio. The Borrower must will maintain a Fixed Charge Coverage Ratio for each period of no four consecutive fiscal quarters ending on the last day of each fiscal quarter set forth below of not less than 1.15:1.0, measured at the end of each of the following individual quartersapplicable ratio set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Minimum Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Fiscal Quarter Ending Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.--------------------- --------------------- February 28, 2002 0.50 to 1.00 May 31, 2002 0.50 to 1.00 August 31, 2002 0.10 to 1.00 November 30, 2002 and each Fiscal Quarter ending thereafter 1.00 to 1.00
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Fixed Charge Coverage Ratio. The Maintain at the end of each fiscal quarter of the Borrower must maintain ending during the year set forth below, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersratio for such year set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Year Ending Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.12/31/03 1.25x 12/31/04 1.50x 12/31/05 1.75x 12/31/06 2.25x 12/31/07 2.50x 12/31/08 2.50x
Appears in 1 contract
Samples: Credit Agreement (Ntelos Inc)
Fixed Charge Coverage Ratio. The Borrower must Borrowers shall maintain a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the following as of the end of each of the fiscal quarters ending on the following individual quartersdates or during the following periods: the quarter ending December 31, 2012 Quarters Ending Ratio --------------- ----- 6/30/2000 through 12/31/2000 1.75:1.00 3/31/2001 2.25:1.00 6/30/2001 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 2.50:1.00
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Fixed Charge Coverage Ratio. The Borrower must will at all times maintain a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at (a) 1.2 for the end of each of the following individual quarters: the quarter Fiscal Quarter ending December 31, 2012 and 2001, (b) 1.3 for the quarter Fiscal Quarter ending March 31, 2013. Commencing with 2002, (c) 1.4 for the quarter Fiscal Quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of 2002 and (d) 1.5 for each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisFiscal Quarter thereafter.
Appears in 1 contract
Samples: Credit Agreement (Ezcorp Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage --------------------------- Ratio for any period of no four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters since September 30, 1997) ending during any period set forth below to be less than 1.15:1.0, measured at the end of each of the following individual quarterscorresponding ratio set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge ------------ Period Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.------ -------------- 1/1/98 to 12/31/99 1.05 to 1.0 Thereafter 1.10 to 1.0
Appears in 1 contract
Samples: Pledge Agreement (FLN Finance Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending October 31, 2009, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersthan: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter Fixed Charge Coverage Ratio shall be tested by the Agent quarterly Each Fiscal Quarter ending on a fiscal quarter basis.or prior to January 31, 2010 1.20:1.00 Each Fiscal Quarter ending after January 31, 2010 1.25:1.00
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Easylink Services International Corp)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at Loan Parties will not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured determined for any period of four consecutive fiscal quarters ending on a rolling four quarters trailing basis at the end last day of each full fiscal quarter to be less than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Ratio Fiscal Quarter Ending March 31, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2009: 1.35 to 1.00 Fiscal Quarter Ending June 30, 2009: 1.25 to 1.00 Fiscal Quarter Ending September 30, 2009: 1.20 to 1.00 Fiscal Quarter Ending December 31, 2009: 1.15 to 1.00 Fiscal Quarter Ending March 31, 2010 and each Fiscal Quarter Thereafter: 1.20 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Bowne & Co Inc)
Fixed Charge Coverage Ratio. The Borrower must shall maintain a Fixed Charge --------------------------- Coverage Ratio of no not less than 1.15:1.0, measured 1.20 for every four Fiscal Quarter period ending at the end of each of Fiscal Quarter commencing with the following individual quarters: the quarter Fiscal Quarter ending December 31September 30, 2012 and the quarter 1997 (provided that with respect to any Fiscal Quarter ending on or prior to March 31, 2013. Commencing with the quarter ending on June 30, 20131998, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by calculated from the Agent quarterly on a fiscal quarter basis.date of the Acquisition through the end of such Fiscal Quarter). For the purpose of this covenant in Schedule G the following terms shall ---------- have the meanings set forth below:
Appears in 1 contract
Samples: Loan and Security Agreement (Heartland Technology Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio as of no less than 1.15:1.0, measured at the end of each any fiscal quarter of the following individual quartersBorrower to be less than the ratio set forth below opposite such fiscal quarter: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on Minimum Fixed Charge Fiscal Quarters Ending Coverage Ratio ------------------------------------------------------------------- June 30, 20132002 1.25 to 1 September 30, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of 2002 and each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal 1.50 to 1 quarter basis.thereafter
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Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio as of no less than 1.15:1.0, measured at the end of each any fiscal quarter of Borrower to be less than the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full ratio set forth below opposite such fiscal quarter, of no less than 1.15:1.0. The : Minimum Fixed Fiscal Quarters Ending Charge Coverage Ratio shall be tested by the Agent quarterly on a ---------------------------------------------------------- Fourth fiscal quarter basis.of 1999 through 1.35 to 1 third fiscal quarter of 2000 Fourth fiscal quarter of 2000 through 1.45 to 1 third fiscal quarter of 2001 Fourth fiscal quarter of 2001 and 1.60 to 1 thereafter
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Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must shall maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarterFiscal Quarter on a 12 Fiscal Period rolling basis, of no not less than 1.15:1.0. The Fixed Charge Coverage the amounts shown below for such period: Fiscal Quarters Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.3rd Fiscal Quarter of 1996 0.95 to 1.00 4th Fiscal Quarter of 1996- 1.00 to 1.00 3rd Fiscal Quarter of 1997 4th Fiscal Quarter of 1997- 1.10 to 1.00 3rd Fiscal Quarter of 1998 4th Fiscal Quarter of 1998 1.20 to 1.00 and at all times thereafter
Appears in 1 contract
Samples: Loan Agreement (Anthony C R Co)
Fixed Charge Coverage Ratio. The Borrower must Loan Parties shall maintain as of the end of each fiscal quarter, for the twelve month period ending on the last day of such fiscal quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0the ratio set forth below opposite such period: Fixed Charge Coverage Fiscal Quarter Ending: Ratio: March 31, measured at the end of each of the following individual quarters: the quarter ending 2011 No Test June 30, 2011 No Test September 30, 2011 No Test December 31, 2012 2011 and the each fiscal quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 1.25 to 1.00
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Fixed Charge Coverage Ratio. The Maintain at the end of each --------------------------- fiscal quarter of the Borrower must maintain ending during the year set forth below, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersratio for such year set forth below: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage 84 Year Ending Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.12/31/03 1.25x 12/31/04 1.50x 12/31/05 1.75x 12/31/06 2.25x 12/31/07 2.50x 12/31/08 2.50x
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Fixed Charge Coverage Ratio. The Borrower must maintain Maintain for each period of four consecutive fiscal quarters of the General Partner ending during the periods set forth below a Fixed Charge Coverage Ratio of no not less than 1.15:1.0the amount set forth below for such period: Period Ending Ratio March 31, measured at the end of each of the following individual quarters: the quarter ending 2005 through December 31, 2012 and the quarter ending 2006 1.50:1.00 73 March 31, 2013. Commencing with the quarter ending on June 302007 through December 31, 20132007 1.55:1.00 March 31, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2008 and thereafter 1.75:1.00
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain will have, as --------------------------- of the end of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending June 30, 2001, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis2.50 to 1.00.
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Fixed Charge Coverage Ratio. The Borrower must maintain a shall not permit its Fixed Charge Coverage Ratio of no to be less than 1.15:1.0the ratio set forth below, measured tested at the end of each fiscal quarter of Borrower for the following individual quarters: applicable measurement period set forth below, commencing with the fiscal quarter ending June 30, 2016: Fiscal Quarter Ending On: Minimum Fixed Charge Coverage Ratio: Measurement Period: June 30, 2016 1.00 to 1.00 Fiscal quarter then ending September 30, 2016 and December 31, 2012 and the 2016 1.05 to 1.00 Fiscal quarter then ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four 2017 and thereafter 1.10 to 1.00 Four fiscal quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.then ending
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Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio for any period of no less than 1.15:1.0four consecutive fiscal quarters (or, measured at if shorter, the end of each of the following individual quarters: the quarter ending December 31period beginning on November 1, 2012 1998 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end last day of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisof the Borrower ended on or after January 31, 1999, in each case taken as one accounting period, ending on a date set forth below to be less than the ratio set forth opposite such date: Fiscal Quarter Ended Ratio -------------------- ----- January 31, 1999 0.60:1.0 Last day of each fiscal quarter of the Borrower thereafter 1.20:1.0".
Appears in 1 contract
Samples: Video Update Inc
Fixed Charge Coverage Ratio. The Borrower must shall maintain as of the last day of each fiscal quarter ending during the periods set forth below, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersratios set forth below: the quarter ending Period Ratio December 31, 2012 and the quarter ending 2001 1.50:1.00 March 31, 2013. Commencing with the quarter ending on 2002 1.50:1.00 June 30, 20132002 1.50:1.00 September 30, the Borrower must maintain a Fixed Charge Coverage Ratio2002 1.50:1.00 December 31, measured on a rolling four quarters trailing basis at the end of 2002 and each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.end thereafter 1.50:1.00
Appears in 1 contract
Samples: Credit Agreement (Meta Group Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries will have, as of the end of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2001, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0than: Fiscal Quarter Required Ratio The fiscal quarters ending on September 30, measured at the end of each of the following individual quarters: the quarter ending 2001 and December 31, 2012 and the 2001 2.50:1.0 Each fiscal quarter ending March after December 31, 2013. Commencing with the 2001 and on or prior to December 31, 2002 2.00:1.0 Each fiscal quarter ending on June 30after December 31, 20132002 2.25:1.0 in each case, the Borrower must maintain a Fixed Charge Coverage Ratio, measured calculated on a rolling four quarters trailing four-quarter basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisand determined in accordance with GAAP.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Fpic Insurance Group Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at as of the end last day of each full fiscal quarterquarter of the Borrower occurring during the periods indicated below, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by greater than or equal to the Agent quarterly on a fiscal quarter basis.following: Fiscal Quarter Ending Required Ratio September 30, 2005 through March 31, 2006 1.10 to 1.00 Thereafter 1.25 to 1.00
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 Borrowers and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured their Subsidiaries shall have on a rolling four quarters trailing consolidated basis at the end of each full fiscal quarterFiscal Quarter set forth below, of no less than 1.15:1.0. The a Fixed Charge Coverage Ratio shall be tested by for the Agent quarterly 12-month period then ended (or with respect to the Fiscal Quarters ending on a fiscal quarter basis.or before March 31, 2000 and June 30, 2000 for the 6-month and 9-month periods then ended, respectively) of not less than the following:
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Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no Borrowers (on a consolidated basis) as of the last day of each fiscal quarter set forth below ("Test Date") for the immediately preceding period set forth below with respect to such fiscal quarter (treated as a single accounting period) shall be not less than 1.15:1.0, measured at the end of each of ratio set forth opposite thereto: Ratio Fiscal Quarter Applicable Period ----- -------------------------------- 0.85:1.00 For the following individual quarters: the quarter ending December 31, 2012 and the quarter three months ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2004
Appears in 1 contract
Samples: Loan and Security Agreement (Lexington Precision Corp)
Fixed Charge Coverage Ratio. The Borrower must and its Subsidiaries shall maintain a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each (i) 2.00 to 1.00 as of the following individual quarters: last day of the fiscal quarter ended June 30, 2006 and as of the last day of the fiscal quarter ending September 30, 2006, (ii) 1.80 to 1.00 as of the last day of the fiscal quarters ending December 31, 2012 2006 and the quarter ending March 31, 2013. Commencing with 2007, and (ii) 2.00 to 1.00 as of the last day of the fiscal quarter ending on June 30, 2013, 2007 and as of the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end last day of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisending thereafter.”
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at and Holdings will not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at determined as of the end last day of each full any fiscal quarterquarter ending during any period set forth below, of no to be less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a ratio set forth opposite such period: PERIOD MINIMUM RATIO Third fiscal quarter basis.1999 .90 to 1.0 Fourth fiscal quarter 1999 .90 to 1.0 First fiscal quarter 2000 .90 to 1.0 Second fiscal quarter 2000 1.0 to 1.0 Third fiscal quarter 2000 1.10 to 1.0 Fourth fiscal quarter 2000 1.10 to 1.0
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must and its Subsidiaries shall maintain on a consolidated basis, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2005, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersthan: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter Fixed Charge Coverage Ratio shall be tested by the Agent quarterly Each Fiscal Quarter ending on a fiscal quarter basisor 1.50:1.0 prior to March 31, 2007 Each Fiscal Quarter ending after 1.15:1.0 March 31, 2007 and on or prior to December 31, 2007 Each Fiscal Quarter ending after 1.05:1.0 December 31, 2007 and on or prior to September 30, 2008 Each Fiscal Quarter ending after 1.15:1.0 September 30, 2008.
Appears in 1 contract
Samples: Revolving Credit Agreement (Haverty Furniture Companies Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries shall maintain, as of the last day of each Fiscal Quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at (a) with respect to the end of each of the following individual quarters: the quarter Fiscal Quarter ending December 31, 2012 2014 and the quarter each Fiscal Quarter ending March thereafter through and including December 31, 2013. Commencing with the quarter 2015, 1.75:1.00, and (b) for each Fiscal Quarter ending on June 30thereafter, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis2.00:1.00.
Appears in 1 contract
Samples: Credit Agreement (Aaron's Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at Permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at as of the end of each full any fiscal quarterquarter of the Borrower, of no to be less than 1.15:1.0. The Fixed Charge Coverage the following levels for the periods indicated: Period Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.------ ------- First Quarter End 2001 through and including Fiscal 1.20:1 Year End 2002 First Quarter End 2003 and thereafter 1.25:1
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a shall not permit --------------------------- the Fixed Charge Coverage Ratio of no to be less than 1.15:1.0, measured (a) 1.25 to 1 at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter fiscal quarters ending March 31, 2013. Commencing with the quarter ending on 1998, June 30, 20131998 and September 30, the Borrower must maintain a Fixed Charge Coverage Ratio1998, measured on a rolling four quarters trailing basis calculated in each case from January 1, 1998 to and including each such fiscal quarter and (b) 1.50 to 1 at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a any fiscal quarter basisthereafter, calculated for the four fiscal quarters preceding the date of determination.
Appears in 1 contract
Samples: Credit Agreement (Kevco Inc)
Fixed Charge Coverage Ratio. The Borrower must shall maintain as of the last day of each fiscal quarter ending during the periods set forth below, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0the ratios set forth below: Period Ratio March 31, measured at the end of each of the following individual quarters: the quarter ending 2002 * June 30, 2002 * September 30, 2002 * December 31, 2012 2002 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.end thereafter *
Appears in 1 contract
Samples: Credit Agreement (Meta Group Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at as of the end last day of each full fiscal quarterquarter of the Borrower occurring during the periods indicated below, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by greater than or equal to the Agent quarterly on a fiscal quarter basis.following: Period Minimum Ratio October 1, 2006 through September 30, 2007 1.20 to 1.00 October 1, 2007 through September 30, 2008 1.00 to 1.00 October 1, 2008 through September 30, 2009 1.30 to 1.00 October 1, 2010 and thereafter No Requirement
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at shall not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at determined as of the end last day of each full fiscal quarterquarter set forth below for the period consisting of the four consecutive fiscal quarters ended on such last day, of no to be less than 1.15:1.0. The Fixed Charge Coverage the ratio set forth opposite such last day: Fiscal Quarter Ended Ratio shall be tested by the Agent quarterly on a -------------------- ----- September 30, 2000 1.10:1 December 31, 2000 1.20:1 March 31, 2001 1.20:1 June 30, 2001 and each fiscal quarter basisended thereafter 1.50:1.".
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must Borrowers shall maintain a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at (i) 1.50 to 1.0 as of the end last day of each of fiscal quarter during the following individual quarters: period commencing on the quarter ending Closing Date through December 31, 2012 and 1997, (ii) 1.70 to 1.0 as of the last day of each fiscal quarter ending March 31during the period commencing on January 1, 2013. Commencing with the quarter ending on June 1998 through September 30, 2013, 1999 and (iii) 2.0 to 1.0 as of the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end last day of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisthereafter.
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries on a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must consolidated basis will maintain a Fixed Charge Coverage Ratio, measured tested on a rolling four quarters trailing basis at the end last Business Day of each full of the Borrower's fiscal quarterquarters beginning on the last Business Day of the fiscal quarter ending closest to March 31, 2000, (i) for the fiscal year-to-date for the periods ending closest to March 31, 2000, June 30, 2000, and September 30, 2000, and (ii) thereafter, for the four (4) quarter period ending on such date, of no not less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.following:
Appears in 1 contract
Samples: Financing and Security Agreement (Aai Fostergrant Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain will have, as of --------------------------- the end of each Fiscal Quarter of the Borrower, commencing with the Fiscal Quarter ending June 30, 2001, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis2.50 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Certegy Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each as of the following individual quarters: last day of any fiscal quarter during the quarter ending December 31periods set forth below, 2012 and beginning with the fiscal quarter ending March 31, 2013. Commencing with 1999, to be less than the quarter ending on June 30, 2013, the Borrower must maintain a ratio set forth below opposite such period: Minimum Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Date Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.---- -------------- Closing Date through December 31, 1999 1.25 : 1.0 January 1, 2000 through December 31, 2000 1.35 : 1.0 January 1, 2001 through December 31, 2001 1.4 : 1.0 January 1, 2002 through December 31, 2002 1.45 : 1.0 Thereafter 1.5 : 1.0
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio as at the last day of no any fiscal quarter ending during any fiscal year set forth below, commencing with the fiscal quarter ending November 30, 1998, to be less than 1.15:1.0, measured at the end of each of the following individual quartersratio set forth below opposite such fiscal year: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Fiscal Year Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.----------- --------------------- 1999 1.25:1.00 2000 1.25:1.00 2001 and thereafter 1.50:1.00
Appears in 1 contract
Samples: Credit Agreement (Laidlaw Environmental Services Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries shall maintain, as of the last day of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending June 30, 2004, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis2:00 to 1:00.
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured Initial Borrower and the Included Subsidiaries on a consolidated basis for the twelve Fiscal Month period ending at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no Fiscal Quarter set forth below shall not be less than 1.15:1.0. The the ratio set forth below for such Fiscal Quarter below: Fiscal Quarter Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.September 30, 2020 1.00 to 1.00 December 31, 2020 and each Fiscal Quarter thereafter 1.10 to 1.00
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit (a) the Fixed Charge Coverage Ratio for the fiscal quarter of no the Borrower ending on October 30, 2004 to be less than 1.15:1.01.10 to 1, measured at (b) the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall for the period of two (2) consecutive fiscal quarters of the Borrower ending January 28, 2005 to be tested by less than 1.10 to 1, (c) the Agent quarterly Fixed Charge Coverage Ratio for the period of three (3) consecutive fiscal quarters of the Borrower ending April 29, 2005 to be less than 1.10 to 1, or (d) the Fixed Charge Coverage Ratio for any period of four (4) consecutive fiscal quarters of the Borrower ending on a fiscal quarter basisor after July 29, 2005 to be less than 1.10 to 1.
Appears in 1 contract
Samples: Credit Agreement (Argo Tech Corp)
Fixed Charge Coverage Ratio. The Borrower must Borrowers shall maintain a Fixed Charge Coverage Ratio as of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31fiscal quarter, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured determined on a rolling four quarters trailing basis at quarter basis, of not less than (a) 1.10 to 1.0 as of the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisthrough the fiscal quarter ending June 30, 2000; (b) 1.15 to 1.0 as of the fiscal quarter ending September 30, 2000 and as of the end each fiscal quarter thereafter through June 30, 2001; and (c) 1.25 to 1.0 as of the fiscal quarter ending September 30, 2001 and as of the end of each fiscal quarter thereafter.
Appears in 1 contract
Samples: Loan and Security Agreement (Nobel Education Dynamics Inc)
Fixed Charge Coverage Ratio. The Beginning with the fiscal ----------------------------- quarter ending on or around September 24, 2000, the Borrower must maintain will maintain, as of the end of each fiscal quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured 1.25 to 1.0 at the end of each all times. Section 2.5 Amendment to Section 10.13. Effective as of the following individual quartersdate hereof, ---------------------------- Section 10.13 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.Section 10.13
Appears in 1 contract
Samples: Loan Agreement (Pizza Inn Inc /Mo/)
Fixed Charge Coverage Ratio. The Borrower must shall maintain for each of the one Fiscal Quarter period ending on March 31, 1999, the two Fiscal Quarter period ending on June 30, 1999, the three Fiscal Quarter period ending on September 30, 1999 and each four Fiscal Quarter period thereafter, a Fixed Charge Coverage Ratio for such period of no not less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis1.50:1.
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio as of no the last day of any fiscal quarter set forth below to be less than 1.15:1.0, measured at the end of each of the following individual quartersratio set forth below for such quarter: the quarter ending Fiscal Quarter March 31 June 30 September 30 December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.31 2008 1.05:1.00 1.05:1.00 1.05:1.00 1.05:1.00 2009 1.05:1.00 1.05:1.00 1.05:1.00 1.10:1.00 2010 1.10:1.00 1.10:1.00 — —
Appears in 1 contract
Samples: Secured Credit Agreement (Triple Crown Media, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio As of no less than 1.15:1.0, measured at the end of each of the following individual fiscal quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at Ratio for the end period indicated of each full fiscal quarter, of no not less than 1.15:1.0. The the following: Period Fixed Charge Coverage Ratio shall be tested by ------ --------------------------- For the Agent quarterly trailing nine-month period ending June 30, 2001 1.25 For each trailing twelve-month period ending on a September 30, 2001 and on the last day of each fiscal quarter basis.thereafter 1.25
Appears in 1 contract
Samples: Loan and Security Agreement (Action Performance Companies Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at will not permit the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured for any period of four consecutive fiscal quarters ending on a rolling four quarters trailing basis at the end last day of each full any fiscal quarterquarter set forth below, of no to be less than 1.15:1.0. The the amount set forth opposite such date below: Fiscal Quarter Ending Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.March 31, 2016 2.00 to 1.00 June 30, 2016 1.05 to 1.00 September 30, 2016 1.10 to 1.00 December 31, 2016 1.25 to 1.00 March 31, 2017 1.50 to 1.00 June 30, 2017 and thereafter 2.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (Groupon, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio for any Test Period ending on the last day of no any fiscal quarter of the Borrower set forth below to be less than 1.15:1.0the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Ratio Each fiscal quarter ending in the period commencing September 30, measured at 2003 to and including September 30, 2004 1.30:1.00 Each fiscal quarter ending in the end of each of the following individual quarters: the period commencing December 31, 2004 to and including September 30, 2005 1.40:1.00 The fiscal quarter ending December 31, 2012 2005 and the last day of each fiscal quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, of the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 1.50:1.00
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio as of no the last day of any Fiscal Quarter of Borrower and its Subsidiaries ending during any period specified below to be less than 1.15:1.0, measured at the end of each of designated ratios for the following individual quartersperiods specified below: Period Minimum Ratio Closing Date through and including the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.second Fiscal Quarter in 2007 1.25:1.00 Each Fiscal Quarter thereafter 1.40:1.00
Appears in 1 contract
Samples: Credit Agreement (Ducommun Inc /De/)
Fixed Charge Coverage Ratio. The Borrower must maintain a will not permit the Fixed Charge Coverage Ratio of no less than 1.15:1.0the Borrower and its consolidated Subsidiaries, measured at determined as of the end last day of each of fiscal quarter for the following individual quarters: the four consecutive fiscal quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter periods ending on such date, to be less than: For Fiscal Quarters Ending: Minimum Required Ratio --------------------------- ---------------------- March 2002 1.50:1.00 June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2002 1.20:1.00 September 2002 1.10:1.00 December 2002 1.10:1.00 March 2003 1.30:1.00 June 2003 1.50:1.00
Appears in 1 contract
Samples: Credit Agreement and Waiver (Sos Staffing Services Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain shall maintain, on a Fixed Charge Coverage Ratio consolidated basis, (i) as of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter fiscal quarters ending September 30, 1995 and December 31, 2012 and 1995, a Fixed Charge Coverage Ratio not less than 2.25 to 1.0, (ii) as of the quarter end of each of the fiscal quarters ending March 31, 2013. Commencing with the quarter ending on 1996, June 30, 20131996 and September 30, the Borrower must maintain 1996, a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at Ratio not less than 2.00 to 1.0 and (iii) as of the end of each full fiscal quarterquarter thereafter, of no less than 1.15:1.0. The a Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basisnot less than 2.50 to 1.0.
Appears in 1 contract
Samples: Administaff Inc \De\
Fixed Charge Coverage Ratio. The Borrower must maintain a Permit the Fixed Charge Coverage Ratio on --------------------------- or after June 30, 2002, during any period of no four fiscal quarters of the Borrower to be less than 1.15:1.0the ratio set forth below opposite such period: Minimum Fixed Charge Coverage Four Fiscal Quarters Ending Ratio ----------------------------------------------------------------------- June 30, measured at the end of each of the following individual quarters: the quarter ending 2002 through September 30, 2002 1.15 December 31, 2012 2002, and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.thereafter 1.25
Appears in 1 contract
Samples: Credit Agreement (Coinstar Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain Borrowers will maintain, as of the end of each Fiscal Quarter (commencing with the Fiscal Quarter ending March 31, 2017), a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of below ratios for the following individual quarterscorresponding Fiscal Quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter End Fixed Charge Coverage Ratio shall be tested by thereafter through and including the Agent quarterly on Fiscal Quarter ending 12/31/17 1.10 : 1.00 3/31/18 and each Fiscal Quarter thereafter 1.25 : 1.00 (xii) By adding a fiscal quarter basis.new Section 6.3, as follows:
Appears in 1 contract
Samples: Tenth Loan Documents Modification Agreement (PRGX Global, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain a REQUIRED: Measured as of the end of the Fiscal Quarter most recently completed, commencing with the Fiscal Quarter ending September 30, 2014, the Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at for the end of each of Borrower and its Subsidiaries on a consolidated basis for the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter twelve (12) month period ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end last day of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio such Fiscal Quarter shall be tested by the Agent quarterly on a fiscal quarter basisat least 1.00 to 1.00.
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must As of the last day of each fiscal quarter of the Credit Parties and their Subsidiaries ending during the periods specified below, the Credit Parties shall maintain a Fixed Charge Coverage Ratio of no not less than 1.15:1.0, measured at the end of each of the following individual quartersthan: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fiscal Quarter Ending Fixed Charge Coverage Ratio shall not be tested by less than: March 29, 2015 and the Agent quarterly on a last day of each fiscal quarter basis.thereafter 1.15 to 1.0
Appears in 1 contract
Samples: Credit and Guaranty Agreement (McBc Holdings, Inc.)
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain shall have a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at as of the end of each full period of twelve consecutive fiscal quartermonths ending on the last day of the fiscal month set forth below, of no not less than 1.15:1.0. The the ratio set forth below opposite such fiscal month: Minimum Fixed Charge Twelve Fiscal Months Ending Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.(a) July 2000 .20 to 1.00
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain and its Subsidiaries shall maintain, as of the last day of each Fiscal Quarter, a Fixed Charge Coverage Ratio of no not less than 1.15:1.0than: Fiscal Quarter Fixed Charge Coverage Ratio Each Fiscal Quarter ending after March 31, measured at the end of each of the following individual quarters: the quarter ending 2012 and on or prior to December 31, 2012 and the quarter 1.25:1.00 Each Fiscal Quarter ending March after December 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2012 1.50:1.00
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain a Fixed Charge Coverage Ratio of no less than 1.15:1.0, measured at the end of each of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio for any period of four consecutive fiscal quarters of Holdings ending during any period set forth below shall not be tested by less than the Agent quarterly on a ratio set forth below opposite such period: Periods Ending Ratio Effective Date through and including the last day of the fiscal quarter basis.ending on or about October 29, 2011 2.50 to 1.00 Thereafter 3.00 to 1.00
Appears in 1 contract
Samples: Credit Agreement (J C Penney Co Inc)
Fixed Charge Coverage Ratio. The Borrower must maintain Maintain as of the end of each quarter, on a four quarter rolling basis for the previous four quarters, a Fixed Charge Coverage Ratio for the Loan Parties on a Consolidated Basis as of no less than 1.15:1.0, measured at the end of each fiscal quarter set forth below for the respective periods set forth below of the following individual quarters: the quarter ending December 31, 2012 and the quarter ending March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no not less than 1.15:1.0. The the ratios set forth below: Fiscal Period Ending Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a -------------------- --------------------------- 3/31/05 1.0 to 1.0 6/30/05 1.0 to 1.0 9/30/05 and any fiscal quarter basis.period thereafter 1.1 to 1.0"
Appears in 1 contract
Fixed Charge Coverage Ratio. The Borrower must maintain Maintain as of the last day of each fiscal quarter set forth in the left-hand column below a Consolidated Fixed Charge Coverage Ratio of no not less than 1.15:1.0the applicable ratio set forth in the right-hand column below: Fiscal Quarter Ended: Required Ratio: March 31, measured at the end of each of the following individual quarters: the quarter ending 1998 1.25:1 June 30, 1998 through December 31, 2012 and the quarter ending 1999 1.35:1 March 31, 2013. Commencing with the quarter ending on June 30, 2013, the Borrower must maintain a Fixed Charge Coverage Ratio, measured on a rolling four quarters trailing basis at the end of each full fiscal quarter, of no less than 1.15:1.0. The Fixed Charge Coverage Ratio shall be tested by the Agent quarterly on a fiscal quarter basis.2000 and thereafter 1.50:1
Appears in 1 contract
