Funds Flow Coverage Ratio. Mortgagor shall, at all times, maintain a Funds Flow Coverage Ratio of not less than 1.30 to 1.00. "Funds Flow Coverage Ratio" shall mean the sum of net profit, depreciation and amortization minus all dividends, withdrawals, and non-cash income for the previous four consecutive fiscal quarters divided by the sum of all current maturities of long term debt plus the current maturities of capital lease obligations.
Funds Flow Coverage Ratio. The Borrower shall have a Funds Flow Coverage Ratio of not less than: (i) 0.75 as of the fiscal quarters ending on November 23, 2001, February 22, 2002, May 24, 2002 and August 23, 2002; and (ii) 0.90 as of the fiscal quarter ending on November 22, 2002 and each subsequent fiscal quarter end.
Funds Flow Coverage Ratio. Borrower shall, on a consolidated basis, maintain, a Funds Flow Coverage Ratio of not less than (a) 2.25 to 1.00 for the fiscal quarters ending March 31, 2005, June 30, 2005 and September 30, 2005, and (b) 2.50 to 1.00 for the fiscal quarters ending December 31, 2005 and thereafter. “Funds Flow Coverage Ratio” shall mean (i) the sum, for the four fiscal quarters then ended, of net income after taxes plus depreciation, amortization of good will and interest minus all dividends, withdrawals and non-cash income divided by (i) the sum of all current maturities of long-term debt and capital lease obligations, plus interest.
Funds Flow Coverage Ratio. The Funds Flow Coverage Ratio of the ------------------------- Loan Agreement is hereby amended from and after the date hereof and shall read in its entirety as follows:
Funds Flow Coverage Ratio. Borrower shall maintain a Funds Flow Coverage Ratio of not less than 1.20 to 1.00. Commencing on March 31, 2002, this covenant shall be calculated quarterly for the fiscal quarter then ending, then at June 30, 2002, for the two fiscal quarters then ending, then at September 30, 2002 for the three fiscal quarters then ending and then at December 31, 2002 for the four fiscal quarters then ending. Thereafter, the ratio will be measured on a rolling four-quarter basis. "Funds Flow Coverage Ratio" shall mean the sum of earnings before interest, taxes, depreciation and amortization divided by the sum of all current maturities of long term debt and capital lease obligations plus interest plus income taxes.
Funds Flow Coverage Ratio is _________ to 1.00, calculated as follows: (a) Earnings before interest, taxes, depreciation and amortization . . . . . . . . . . . . .
Funds Flow Coverage Ratio. A Funds Flow Coverage Ratio of not less than 1.5 to 1.0 at all times. This ratio shall be tested on a rolling four-quarters basis at the end of each of Borrower's fiscal quarters, at the end of each of Borrower's fiscal years and at such other times as Lender may require as determined by Lender in its sole and absolute discretion Compliance with financial covenants above will be measured on a rolling four quarter basis. Unless otherwise expressly provided in this Agreement, if the Borrower comprises a parent corporation and its subsidiaries, the covenants herein relating to the financial condition of the Borrower refer to the financial condition of the parent corporation and those subsidiaries stated on a consolidated and consolidating basis.
Funds Flow Coverage Ratio. Borrower shall, for the quarter ending June 30, 2003, and thereafter maintain a Funds Flow Coverage Ratio of not less than 1.25 to 1.00, measured quarterly. "Funds Flow Coverage Ratio" shall mean the sum of quarterly earnings (excluding earnings attributed to SI/Baker) before interest expense, taxes, depreciation, amortxxxxxon, and extraordinary gains as defined in generally accepted accounting principles, plus quarterly dividends distributed by SI/Baker and paid to Borrower divided by the sum of the currexx xxturity of long term debt plus interest expense due and payable for the subject quarter.
Funds Flow Coverage Ratio. Borrower shall, for the quarters ending December 31, 2002, March 31, 2003, June 30, 2003 and September 30, 2003, maintain a Funds Flow Coverage Ratio, to be measured quarterly, as follows: Quarter ending Required Min. Ratio -------------- ------------------- December 31, 2002 1.00:1 March 31, 2003 1.50:1 June 30, 2003 2.75:1 September 30, 2003 4.25:1
Funds Flow Coverage Ratio for the subject quarter is _________ to 1.00, calculated as follows: (a) Quarterly Earnings before interest expense, taxes, depreciation, amortization and extraordinary gains (as defined by generally accepted accounting principles)...... $_________ Minus quarterly earnings attributed to SI/Baker........... $_________ Plus quarterly dividends dixxxxxuted by SI/Baker..........
