Fixed Charges Coverage. At the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2000, the ratio of Income Available for Fixed Charges to Consolidated Fixed Charges for the Fiscal Quarter just ended and the immediately preceding 3 Fiscal Quarters shall at all times be greater than 2.75 to 1.0.
Fixed Charges Coverage. The Borrower will not permit the Borrower’s Consolidated Operating Cash Flow for the period covered by the four (4) previous consecutive fiscal quarters (treated as a single accounting period) to be less than 1.50 times the Fixed Charges of the Borrower and the Trust for such period; provided, however, that for purposes of determining compliance with this covenant, prior to such time as the Borrower has owned and operated a parcel of Real Estate for four (4) full fiscal quarters, the Operating Cash Flow with respect to such parcel of Real Estate for the number of full fiscal quarters which the Borrower has owned and operated such parcel of Real Estate as annualized shall be utilized. Additionally, for the purposes of calculating Consolidated Operating Cash Flow under this §9.2, Operating Cash Flow attributable to any Redevelopment Property shall be included even if such Redevelopment Property is then being valued at cost for the purposes of calculating Borrower’s Consolidated Total Adjusted Asset Value. For the purposes of this §9.2, the Operating Cash Flow and Debt Service attributable to any Real Estate and the principal indebtedness repaid as a part of such sale shall be excluded from the calculations when such Real Estate is sold.
Fixed Charges Coverage. Holdings shall not permit the Fixed Charges Coverage Ratio as of the end of any Fiscal Quarter to be less than 1.75 to 1.00.
Fixed Charges Coverage. The Company shall not at any time permit the ratio of Consolidated Net Income Available for Fixed Charges (calculated in respect of the period of eight (8) consecutive fiscal quarters of the Company then most recently ended) to Consolidated Fixed Charges (calculated in respect of such period) to be less than (a) 1.00 to 1.00 during the Suspension Period and (b) 1.50 to 1.00 at all times after the Suspension Period.
Fixed Charges Coverage. 37 SECTION 5.07. Loans or Advances.................................................................................37 SECTION 5.08. Investments.......................................................................................37 SECTION 5.09. Negative Pledge...................................................................................38 SECTION 5.10. Maintenance of Existence..........................................................................38 SECTION 5.11. Dissolution.......................................................................................38 SECTION 5.12. Consolidations, Mergers and Sales of Assets.......................................................38 SECTION 5.13. Use of Proceeds...................................................................................38 SECTION 5.14. Compliance with Laws; Payment of Taxes............................................................39 SECTION 5.15. Insurance.........................................................................................39 SECTION 5.16. Change in Fiscal Year.............................................................................39 SECTION 5.17. Maintenance of Property...........................................................................39 SECTION 5.18. Environmental Notices.............................................................................39 SECTION 5.19.
Fixed Charges Coverage. The Borrower will at all times maintain a Fixed Charge Coverage Ratio for the most recently ended period of four consecutive fiscal quarters of at least 1.35 to 1.00.
Fixed Charges Coverage. At the end of each Fiscal Quarter set forth below, the ratio of (i) Consolidated EBITDAR for the period of four Fiscal Quarters then ended to (ii) Consolidated Fixed Charges for such period, shall not have been less than the ratio set forth below opposite such Fiscal Quarter:
Fixed Charges Coverage. Permit or suffer the ratio of Consolidated Fixed Charges Coverage Availability of the Borrowers and their Subsidiaries to Consolidated Fixed Charges of the Borrowers and their Subsidiaries to be less than (i) 0.75 to 1.00 as of the end of either of the Borrowers' fiscal quarters ending on or about January 31, 1997 or April 30, 1997, (ii) 0.80 to 1.00 as of the end of the Borrowers' fiscal quarter ending on or about July 31, 1997, (iii) 1.00 to 1.00 as of the end of the Borrowers' fiscal quarter ending on or about October 31, 1997 or January 31, 1998, (iv) 0.90 to 1.00 as of the end of either of the Borrowers' fiscal quarters ending on or about April 30, 1998 or July 31, 1998, (v) 1.10 to 1.00 as of the end of any of the Borrowers' fiscal quarters ending on or about October 31, 1998, January 31, 1999 or April 30, 1999, or (vi) 1.25 to 1.00 as of the end of any of the Borrowers' fiscal quarters ending at any time thereafter; such ratio to be determined as of the last day of each fiscal quarter of the Borrowers for the period of four fiscal quarters of the Borrowers then ended. For purposes of determining from time to time the Borrowers' compliance with this subsection, each Person that is a Borrower or a Subsidiary of a Borrower at the time of such determination shall be deemed to have been a Borrower or a Subsidiary of a Borrower, as the case may be, for the entire period relevant to such determination (i.e., in each case, the period of four fiscal quarters of the Borrowers then ended) and each Person that was a Borrower or Subsidiary of a Borrower at any time during such relevant period, but is no longer a Borrower or Subsidiary of a Borrower, as the case may be, at the time of such determination, shall be deemed not to have been a Borrower or a Subsidiary of a Borrower, as the case may be, at any time during such period.
1.5 Section 5.2(e) is amended and restated in full as follows:
Fixed Charges Coverage. Borrower shall not permit the ratio of (a) the sum of Consolidated Adjusted Net Income, plus federal, state, local, and foreign income taxes deducted from Consolidated Adjusted Net Income in accordance with GAAP, plus Fixed Charges, to (b) Fixed Charges, in each case for Borrower and its Subsidiaries and for the four (4) fiscal quarters ending on the date of determination, to be less than 1.5 to 1.0.
Fixed Charges Coverage. At the end of each Fiscal Quarter set forth below, the ratio of (i) Consolidated EBITDAR for the period of four Fiscal Quarters then ended to (ii) Consolidated Fixed Charges for such period, shall not have been less than the ratio set forth below opposite such Fiscal Quarter (subject to the proviso set forth below): Fiscal Quarter Ratio ------------------------------------------------------------------------------ First Fiscal Quarter ended on or immediately after the 2.25:1 Effective Date - Third Fiscal Quarter 2001 Fourth Fiscal Quarter 2001 - Third Fiscal Quarter 2002 2.50:1 Fourth Fiscal Quarter 2002 - Third Fiscal Quarter 2003 2.75:1 Fourth Fiscal Quarter 2003 and thereafter 3.00:1 ------------------------------------------------------------------------------ ; provided that at the end of any Fiscal Quarter ended prior to the Acquisition Date, such ratio shall not have been less than 3:00:1.
