Fixed Charge Coverage Test. If at any time Borrower shall fail to maintain, for two (2) consecutive fiscal quarters, a ratio, determined as of the last day of each fiscal quarter for the four-quarter period ending on such day, of (i) EBITDA for such period to (ii) Fixed Charges Incurred for such period, of at least 1.75 to 1.0 (the "Fixed Charge Coverage Test"), then the Leverage Multiplier for the same fiscal quarter with respect to which Borrower shall have so failed the Fixed Charge Coverage Test (i.e., the second of such two (2) consecutive fiscal quarters, which quarter is herein referred to as the "Coverage Test Failure Quarter"), shall be decreased as follows: (i) if the Leverage Multiplier for the fiscal quarter preceding the Coverage Test Failure Quarter was 2.15, the Leverage Multiplier shall be decreased by 0.25 to 1.90; and (ii) if the Leverage Multiplier for the fiscal quarter preceding the Coverage Test Failure Quarter was less than 2.15, the Leverage Multiplier shall be decreased by 0.10.
Fixed Charge Coverage Test. Prior Fiscal Year Detail 1st Qtr.
Fixed Charge Coverage Test. At any time that Excess Availability is less than $40,000,000, it shall be a condition precedent to each Credit Event that Exide U.S. shall be in compliance with the Fixed Charge Coverage financial covenant set forth in Section 9.08 (determined as if such covenant were applicable at such time if same is not then applicable by its terms). The occurrence of the Initial Borrowing Date and the acceptance of the benefits or proceeds of each Credit Event shall constitute a representation and warranty by each Borrower to each Agent and each of the Lenders that all the conditions specified in Section 5 (with respect to Credit Events occurring on the Initial Borrowing Date) and Section 6 (with respect to Credit Events on and after the Initial Borrowing Date) and applicable to such Credit Event (other than such conditions that are expressly subject to the satisfaction of the Administrative Agent and/or the Lenders or any group thereof) exist as of that time. All of the Notes, certificates, legal opinions and other documents and papers referred to in Sections 5 and 6, unless otherwise specified, shall be delivered to the Administrative Agent at the Notice Office for the account of each of the Lenders, and, except for the Notes, with as many counterparts or copies as the Administrative Agent may reasonably request and shall be in form and substance reasonably satisfactory to the Lenders (as evidenced by their execution and delivery of this Agreement).
Fixed Charge Coverage Test. The Bank hereby waives the defaults on the above-referenced sections of the Agreement through and as of the date hereof, only.
Fixed Charge Coverage Test. Borrower shall maintain a ratio of EBITDAR to Fixed Charges of not less than 1.75:1.0 (the "Fixed Charge Coverage Test").
Fixed Charge Coverage Test. Permit the ratio of Earnings Before Depreciation, Amortization, Interest and Taxes to actual Fixed Charges tested as of the end of each fiscal quarter of Borrower for each period of four consecutive fiscal quarters ending with that fiscal quarter commencing October 1, 1995 to be less than 1.50 to 1."
Fixed Charge Coverage Test. The Borrower will not permit its Fixed Charge Coverage Ratio to be less than 1.75 to 1.00.
