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 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. 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. Borrower shall maintain a Funds -------------------------- Flow Coverage Ratio of not less than 1.25 to 1.00, to be measured quarterly on a rolling four quarters basis at each quarter's end. "Funds Flow Coverage Ratio" shall mean the sum of earnings (excluding SI Xxxxx and Egemen) before interest, taxes, depreciation and amortization (including the historical operations of Ermanco Incorporated prior to the September 30, 1999 acquisition of said entity by Paragon Technologies, Inc., (formerly, "SI Handling Systems, Inc." ), divided by the sum of all current maturities of long term debt and capital lease obligations plus interest expense. For purposes of calculating the Funds Flow Coverage Ratio, the amounts indicated below will be added on a non-cumulative basis to the earnings for the periods indicated: Period Ending Ad Back Amount ------------- -------------- March 31, 2000 $1,800,000.00 June 30, 2000 $2,400,000.00 September 30, 2000 $1,900,000.00
Funds Flow Coverage Ratio for the subject quarter is _________ to 1.00, calculated as follows: 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 distributed by SI/BAKER . . . . . . . . . . . . . . . . . . . . . . . . $_______________ (a) Total . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Funds Flow Coverage Ratio. 19 7.4. Total Liabilities to Tangible Net Worth Ratio......
Funds Flow Coverage Ratio. Borrower shall, for the quarters ending September 30, 2002, December 31, 2002, March 31, 2003 and June 30, 2003, maintain a Funds Flow Coverage Ratio of not less than 1.00 to 1.00; and for the quarter ending September 30, 2003 and at all times thereafter, maintain a Funds Flow Coverage Ratio of not less than 1.25 to 1.00, to be measured quarterly on a rolling four quarters basis at each quarter's end. Funds Flow Coverage Ratio shall mean the sum of earnings (excluding earnings attributed to SI/Baker and SI-Egemin) before interest expense, taxxx, xepreciation and amortization, plus dividends distributed by SI/Baker and SI-Egemin divided by the sum of all curxxxx maturities of long term debt and capital lease obligations plus interest expense.
Funds Flow Coverage Ratio. Borrower shall maintain a Funds -------------------------- Flow Coverage Ratio of not less than 1.25 to 1.00, to be measured quarterly on a rolling four quarters basis at each quarter's end. "Funds Flow Coverage Ratio" shall mean the sum of earnings (excluding SI Xxxxx and Egemin) before interest, taxes, depreciation and amortization, divided by the sum of all current maturities of long term debt and capital lease obligations plus interest expense. For purposes of calculating the Funds Flow Coverage Ratio, the amounts indicated below will be added on a non-cumulative basis to the earnings for the periods indicated: Period Ending Add Back Amount ------------- --------------- March 31, 2000 $1,800,000.00 June 30, 2000 $2,400,000.00 September 30, 2000 $1,900,000.00
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.
