Common use of Fixed Charges Coverage Ratio Clause in Contracts

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 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 include in EBITDA for any Specified Transaction for the period to which such ratio relatesrelates the pro forma amounts referred to in such sentence, there shall be included in 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 on Indebtedness (and the interest portion of payments under Capitalized Lease Obligations) assumed or incurred by the Parent and its Subsidiaries (on a consolidated basis) in connection with such Specified Transaction any Permitted Acquisition having Acquisition Consideration of more than $500,000 during such period.

Fixed Charges Coverage Ratio. The Parent will not, as at the end of any fiscal quarter ending during any period set forth belowfrom the Effective Date and all times thereafter, permit the ratio, calculated as at the end of such fiscal quarter for the period of four fiscal quarters then ended (the “Test Period”)ended, of (i) EBITDAR Adjusted EBITDA for such Test Period period to (ii) Fixed Charges for such Test Period period to be less than 1.50 1.20 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 include in EBITDA for any Specified Transaction for the period to which such ratio relatesrelates the pro forma amounts referred to in such sentence, there shall be included in 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 on Indebtedness (and the interest portion of payments under Capitalized Lease Obligations) assumed or incurred by the Parent and its Subsidiaries (on a consolidated basis) in connection with such Specified Transaction any Permitted Acquisition having Acquisition Consideration of more than $500,000 during such period.

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 include in EBITDA for any Specified Transaction for the period to which such ratio relatesrelates the pro forma amounts referred to in such sentence, there shall be included in 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 on Indebtedness (and the interest portion of payments under Capitalized Lease Obligations) assumed or incurred by the Parent and its Subsidiaries (on a consolidated basis) in connection with such Specified Transaction any Permitted Acquisition having Acquisition Consideration of more than $1,000,000 during such period.

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 Parent elects pursuant to the penultimate sentence of the definition of EBITDA to adjust include in EBITDA for any Specified Transaction for the period to which such ratio relatesrelates the pro forma amounts referred to in such sentence, there shall be included in 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 on Indebtedness (and the interest portion of payments under Capitalized Lease Obligations) assumed or incurred by the Parent and its Subsidiaries (on a consolidated basis) in connection with such Specified Transaction any Permitted Acquisition having Acquisition Consideration of more than $1,000,000 during such period.

Fixed Charges Coverage Ratio. The Parent Company will not, as at the end of any fiscal quarter ending during any period set forth belowfrom the Effective Date and all times thereafter, permit the ratio, calculated as at the end of such fiscal quarter for the period of four fiscal quarters then ended (the “Test Period”)ended, of (i) EBITDAR Adjusted EBITDA for such Test Period period to (ii) Fixed Charges for such Test Period period to be less than 1.50 1.20 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 include in EBITDA for any Specified Transaction for the period to which such ratio relatesrelates the pro forma amounts referred to in such sentence, there shall be included in 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 on Indebtedness (and the interest portion of payments under Capitalized Lease Obligations) assumed or incurred by the Company and its Subsidiaries (on a consolidated basis) in connection with such Specified Transaction any Permitted Acquisition having Acquisition Consideration of more than $500,000 during such period.