Minimum Adjusted EBITDA to Fixed Charges Ratio Sample Clauses

Minimum Adjusted EBITDA to Fixed Charges Ratio. As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the ratio of Adjusted EBITDA for the applicable Rolling Period to Fixed Charges for such Rolling Period to be less than 1.50 to 1.0.
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Minimum Adjusted EBITDA to Fixed Charges Ratio. As of the last day of each Fiscal Quarter of the Borrower ending (i) on or prior to September 30, 2019 and (ii) on or after March 31, 2020, the Borrower shall not permit the ratio of Adjusted EBITDA for the applicable Rolling Period to Fixed Charges for such Rolling Period to be less than 1.50 to 1.0. As of the last day of the Fiscal Quarter of the Borrower ending on December 31, 2019, the Borrower shall not permit the ratio of Adjusted EBITDA for the applicable Rolling Period to Fixed Charges for such Rolling Period to be less than 1.25 to 1.0
Sample 1
Minimum Adjusted EBITDA to Fixed Charges Ratio. As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the ratio of Adjusted EBITDA for the applicable Fiscal Quarter then ended computed on an annualized basis to Fixed Charges for such Fiscal Quarter computed on an annualized basis to be less than the following: December 31, 2012, March 31, 2013 and June 30, 2013 1.15 to 1.00 September 30, 2013 and December 31, 2013 1.25 to 1.00 March 31, 2014 and thereafter 1.50 to 1.00
Sample 1
Minimum Adjusted EBITDA to Fixed Charges Ratio. (Section 8.20(d)) ​ 0. Xxx Income $___________ 2. Depreciation and amortization expense ___________ 3. Interest Expense ___________ 4. Income tax expense ___________ 5. Extraordinary, unrealized or non-recurring losses ___________ 6. Non-cash compensation paid in equity securities ___________ 7. Extraordinary, unrealized or non-recurring gains ___________ 8. Income tax benefits ___________ 9. Stock-based compensation ___________ 10. Other non-cash items as mutually agreed ___________ 11. Sum of Lines D2, D3, D4, D5 and D6 ___________ 12. Sum of Lines D7, D8, D9 and D10 ___________ 13. Line D1 plus Line D11 minus Line D12 (“EBITDA”) ___________ 14. Annual Capital Expenditure Reserve ___________ 15. Line D13 minus Line D14 (“Adjusted EBITDA”) ___________ 16. Interest Expense ___________ 17. Principal amortization payments ___________ 18. Dividends ___________ 19. Income taxes paid ___________ 00. Xxxx payments of base rent under Eligible Leasehold Interests ___________ ​ 21. Sum of Lines D16, D17, D18, D19 and D20 (“Fixed Charges”) ___________ 22. Ratio of Line D15 to Line D21 __:1.0 23. Line D22 shall not be less than 1.50:1.0 24. The Borrower is in compliance (circle yes or no) yes/no
Sample 1

Related to Minimum Adjusted EBITDA to Fixed Charges Ratio

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

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