Interest and Rent Coverage Ratio. As of September 30, 2010 and as of the last day of each Fiscal Quarter thereafter, for the period equal to the four (4) consecutive Fiscal Quarters then ending, the Borrowers shall maintain an Interest and Rent Coverage Ratio in an amount not less than 1.25 to 1.0; provided, however, that, for purposes of this calculation, “Rent Expense” shall be estimated by the Borrowers in good faith for each Fiscal Quarter ending June 30, September 30 and March 31 of each fiscal year of the Loan Parties.
Interest and Rent Coverage Ratio. The Borrower will not permit at any time its Interest and Rent Coverage Ratio to be less than (a) 1.60 to 1.00 for its Testing Period ended December 31, 2000, (b) 1.40 to 1.00 for its Testing Period ended March 31, 2001, (c) 1.70 to 1.00 for its Testing Period ended June 30, 2001, (d) 1.90 to 1.00 for its Testing Period ended September 30, 2001, (e) 2.00 to 1.00 for its Testing Period ended December 31, 2001, and (f) 2.50 to 1.00 for any Testing Period thereafter.
Interest and Rent Coverage Ratio. Ø EBITDAR $ ØInterest Expense $ Ø Operating Rentals $ Ratio of (i) EBITDAR to (ii) the total of the Interest Expense and the Operating Rentals = (cannot be less than 1.50:1.00) Note:
Interest and Rent Coverage Ratio. The Borrower will not permit at any time its Interest and Rent Coverage Ratio to be less than (a) 1.25 to 1.00 for its Testing Period ended Marcx 00, 0000, (x) 0.00 to 1.00 for its Testing Period ended June 30, 2001, (c) 1.50 to 1.00 for its Testing Period ended September 30, 2001, and (d) 1.75 to 1.00 for each of the Testing Periods ended December 31, 2001, and March 31, 2002, respectively.
Interest and Rent Coverage Ratio. The Borrower shall not permit at any time its Interest and Rent Coverage Ratio to be less than (a) 1.25 to 1.00 for its Testing Period ended Marxx 00, 0000, (x) 0.00 to 1.00 for its Testing Period ended June 30, 2001, (c) 1.15 to 1.00 for its Testing Period ended September 30, 2001, (d) 1.25 to 1.00 for each of the Testing Periods ended December 31, 2001, and March 31, 2002, respectively, and (e) 1.50 to 1.00 for its Testing Period ended June 30, 2002 and thereafter.
Interest and Rent Coverage Ratio. (B) EBITDAR of the Restricted Group $ (C) Interest Expense of the Restricted Group (last 12 months) $ (D) Operating Rentals of the Restricted Group $ Ratio of (i) EBITDAR of the Restricted Group to (ii) the total of the Interest Expense of the Restricted Group and the Operating Rentals of the Restricted Group = (cannot be less than 2.25:1.00)
Interest and Rent Coverage Ratio. The Borrower shall maintain its Interest and Rent Coverage Ratio for the four fiscal quarters ended on the following respective dates at a level which is not to be less than the following respective ratios: Date Interest Coverage Ratio June 30, 2000 1.00 to 1.00 September 30, 2000 1.00 to 1.00 December 31, 2000 1.10 to 1.00 March 31, 2001 1.15 to 1.00 June 30, 2001 1.40 to 1.00 September 30, 2001 and thereafter 1.50 to 1.00
