Fixed Charge Coverage Shortfall. The amount by which (i) the aggregate Fixed Charges of ARC and its Subsidiaries for each fiscal period set forth below, exceeds (ii) the total of (A) consolidated EBITDA of ARC and its Subsidiaries for such period (determined on a consolidated basis without duplication in accordance with GAAP) minus (B) the aggregate amount of all Non-Financed Capital Expenditures during such period minus (C) the aggregate amount paid, or required to be paid (without duplication), in cash in respect of the current portion of all income taxes for such period minus (D) the aggregate amount of dividends and distributions permitted to be paid under Section 8.6 and actually paid in cash during such period, shall not be greater than the maximum shortfall amount set opposite such fiscal period: Fiscal Period Maximum Shortfall Amount January 1 through March 31, 2003 $ 1,000,000 January 1 through June 30, 2003 $ 1,400,000
Fixed Charge Coverage Shortfall. The amount by which (i) the aggregate Fixed Charges of the Company and its subsidiaries, exceeds (ii) the consolidated EBITDA of the Company its subsidiaries, for each fiscal period set forth below shall not be greater than the maximum shortfall amount set opposite such fiscal period: Maximum Shortfall Fiscal Period Amount ------------- ----------------- July 1 through July 31, 2002 $ 262,500 July 1 through August 31, 2002 $ 157,500 July 1 through September 30, 2002 $ 262,500"
Fixed Charge Coverage Shortfall. The amount by which (i) the aggregate Fixed Charges of ARC and its Subsidiaries, exceeds (ii) the consolidated EBITDA of ARC and its Subsidiaries, for each fiscal period set forth below shall not be greater than the maximum shortfall amount set opposite such fiscal period: Fiscal Period Maximum Shortfall Amount July 1 through July 31, 2002 $ 250,000 July 1 through August 31, 2002 $ 150,000 July 1 through September 30, 2002 $ 250,000
