Maintain Fixed Charge Coverage Ratio. The Servicer shall, on a Consolidated basis, maintain as of the end of each fiscal quarter a Fixed Charge Coverage Ratio of not less than 2.00 to 1.0.
Maintain Fixed Charge Coverage Ratio. On a Consolidated basis, maintain as of the end of each fiscal quarter a Fixed Charge Coverage Ratio of not less than 2.75 to 1.0, unless the remaining maturity of the Revolving Credit shall be less than 366 days, in which case such ratio shall be maintained at not less than 3.50 to 1.00.
Maintain Fixed Charge Coverage Ratio. The Servicer shall, on a Consolidated basis, maintain as of the end of each fiscal quarter a Fixed Charge Coverage Ratio of not less than 2.00 to 1.0. Other than the term “Servicer” which shall have the meaning given to it in this Agreement, capitalized terms used in this Exhibit A shall have the meanings given such terms in the Comerica Credit Agreement as in effect on the date of this Agreement. Credit Acceptance Corporation (the “Servicer”) under the Sale and Servicing Agreement, dated as of March 29, 2012 (the “Sale and Servicing Agreement”) among Credit Acceptance Auto Loan Trust 2012-1, Credit Acceptance Funding LLC 2012-1, Xxxxx Fargo Bank, National Association and Credit Acceptance Corporation, as the Servicer and in its individual capacity, pursuant to which the Servicer holds on behalf of the Trust, in each case for the benefit of the Noteholders and the Trust Collateral Agent certain [Dealer Agreements / Purchase Agreements] [Contracts] as described in the Sale and Servicing Agreement, hereby acknowledges receipt thereof, listed on Schedule A to said Sale and Servicing Agreement except as noted in the Exception List attached as Schedule I hereto.
Maintain Fixed Charge Coverage Ratio. On a Consolidated basis, maintain as of the end of each fiscal period, as applicable, shown in the most recent financial statement delivered by the Company pursuant to Section 7.3(b) and Section 7.3(c), as applicable, a Fixed Charge Coverage Ratio of not less than 2.0 to 1.0.
Maintain Fixed Charge Coverage Ratio. On a Consolidated basis, maintain as of the end of each fiscal quarter a Fixed Charge Coverage Ratio of not less than 2.0 to 1.0, provided that for each of the testing periods ending June 30, 2020, September 30, 2020 and December 31, 2020, the Fixed Charge Coverage Ratio (and each of the components thereof) shall be calculated based on the GAAP accounting methodology used during the fiscal year ending December 31, 2019, without application of the CECL Methodology (whether or not the Company has adopted the CECL Methodology prior to the Relevant Testing Dates).”
3. This Sixth Amendment shall become effective (the “Sixth Amendment Effective Date”) according to the terms and as of the date hereof, upon satisfaction of the following conditions:
(a) receipt by the Agent of .pdf copies of counterpart originals of:
(i) this Sixth Amendment, duly executed and delivered by the Company and the Banks; and
(b) Company shall have paid to Agent and the applicable Banks all interest, fees and other amounts, if any, due and owing to the Agent and such Banks as of the Sixth Amendment Effective Date.
4. Company hereby certifies that (a) all necessary actions have been taken by the Company to authorize execution and delivery of this Sixth Amendment and (b) after giving effect to this Sixth Amendment, no Default or Event of Default has occurred and is continuing on the Effective Date.
5. The Company ratifies and confirms, as of the date hereof and after giving effect to the amendments contained herein, each of the representations and warranties set forth in Sections 6.1 through 6.19, inclusive, of the Credit Agreement and acknowledges that such representations and warranties are and shall remain continuing representations and warranties during the entire life of the Credit Agreement, except to the extent such representations and warranties speak only as of a specific date.
6. Except as specifically set forth above, this Sixth Amendment shall not be deemed to amend or alter in any respect the terms and conditions of the Credit Agreement, any of the Notes issued thereunder or any of the other Loan Documents, or to constitute a waiver by the Banks or Agent of any right or remedy under or a consent to any transaction not meeting the terms and conditions of the Credit Agreement, any of the Notes issued thereunder or any of the other Loan Documents.
7. Unless otherwise defined to the contrary herein, all capitalized terms used in this Sixth Amendment shall have the meaning set fort...
Maintain Fixed Charge Coverage Ratio. Maintain as of the end of each fiscal quarter of Company a Fixed Charge Coverage Ratio of not less than the following amounts during the periods specified below: from the Closing Date through December 30, 1999....... .89 to 1.0 from December 31, 1999 through December 30, 2000...... .89 to 1.0 from December 31, 2000 through December 30, 2001...... .89 to 1.0 from December 31, 2001 through December 30, 2002...... .89 to 1.0 from December 31, 2002 through December 30, 2003...... .94 to 1.0 from December 31, 2003 and thereafter................. .98 to 1.0
Maintain Fixed Charge Coverage Ratio. Maintain as of the end of each fiscal year of Company a Fixed Charge Coverage Ratio of not less than 1.35 to 1.0.
Maintain Fixed Charge Coverage Ratio. 67 7.8 Inspections................................................................................ 67 7.9 Taxes...................................................................................... 68 7.10
Maintain Fixed Charge Coverage Ratio. On a Consolidated basis, maintain at all times a Fixed Charge Coverage Ratio of not less than the following during the periods set forth below: From October 1, 1996 through June 30, 1997 1.5 to 1.0 From July 1, 1997 and thereafter 1.75 to 1.0
Maintain Fixed Charge Coverage Ratio. At all times on and after December 31, 2005, Borrower and Guarantors, on a consolidated basis, will not permit the ratio of Total Fixed Charge Income DIVIDED by Total Fixed Charges to be less than 1.30 to 1.00. This Ratio shall be calculated as follows:
1. Total Fixed Charge Income:
2. Total Fixed Charges: Plus scheduled principal payments long term debt due in the next twelve months Plus scheduled payments Capitalized Leases due in the next twelve months Plus Interest Expense Plus Operating Rent Expense FIXED CHARGE COVERAGE (>1.30x)
