Fixed Charges Coverage Ratio. The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.
Fixed Charges Coverage Ratio. The Company will not permit the Consolidated Fixed Charge Coverage Ratio [to be less than (a) with respect to the]as of the last day of each fiscal quarter [of the Company ending December 31, 2014 and each fiscal quarter of the Company ending thereafter through and including December 31, 2015, 1.75 to 1.00, and (b) for each fiscal quarter ending thereafter, 2.00]ending after the Fourth Amendment Effective Date to be less than 2.50 to 1.00.
Fixed Charges Coverage Ratio. Borrower shall not permit the Fixed Charges Coverage Ratio to be less than 1.25 to 1.00 as at the last day of any fiscal quarter of Borrower.
Fixed Charges Coverage Ratio. The Company will not permit the Fixed Charges Coverage Ratio on the last day of each fiscal year of the Company to be less than 1.4 to 1.
Fixed Charges Coverage Ratio. The Company will not, as of the end of any Measurement Period, permit the Fixed Charges Coverage Ratio to be less than 1.75 to 1:00 on or prior to July 31, 2010 or 2.00 to 1.00 at any time thereafter.
Fixed Charges Coverage Ratio. Commencing January 1, 2003, and at all times thereafter during the term hereof, the Fixed Charges Coverage Ratio shall not be less during the following time periods than the ratio set forth opposite such time periods: Time Period Minimum Ratio ----------- ------------- From January 1, 2003 through March 31, 2004 1.00 to 1.00 April 1, 2004 and thereafter 1.05 to 1.00
SECTION 3. Amendment to Section 7.01(f). Section 7.01(f) in Article VII of the Credit Agreement shall be amended and restated in its entirety as follows:
Fixed Charges Coverage Ratio. The Parent will not, as at the end of any fiscal quarter ending during any period set forth below, permit the ratio, calculated as at the end of such fiscal quarter for the period of four fiscal quarters then ended (the “Test Period”), of (i) EBITDAR for such Test Period to (ii) Fixed Charges for such Test Period to be less than 1.50 to 1. For purposes of calculating any ratio set forth in this Section, if the Company elects pursuant to the penultimate sentence of the definition of EBITDA to adjust EBITDA for any Specified Transaction for the period to which such ratio relates, Fixed Charges shall be adjusted for such period, on a pro forma basis, to give effect to the assumption or incurrence, or the repayment, as the case may be of Indebtedness with principal payable and interest accruing during such period (and the interest portion of payments under Capitalized Lease Obligations) (on a consolidated basis) in connection with such Specified Transaction during such period.
Fixed Charges Coverage Ratio. The Company will as at the ----------------------------------------- end of each fiscal quarter keep and maintain the ratio of Consolidated Net Income Available for Fixed Charges for any four of the immediately preceding five fiscal quarters to Consolidated Fixed Charges for such four fiscal quarter period at not less than 1.50 to 1.00.
Fixed Charges Coverage Ratio. Maintain on a consolidated basis as of each fiscal quarter-end during the Term hereof a ratio of Consolidated Proforma Operating Cash Flow to Consolidated Fixed Charges determined for the 12-month period ending as of each such fiscal quarter-end of not less than (a) 1.25 to 1.0 for each fiscal quarter ending on or before June 30, 2000, and (b) 1.50 to 1.0 for each fiscal quarter-end thereafter during the Term hereof.
