Minimum Cash Flow Coverage Ratio. Borrower shall maintain Cash Flow Coverage of not less than 1.10:1.0, measured quarterly based on Borrower’s trailing twelve (12) month operating performance as reflected in Borrower’s fiscal quarterly financial statements.
Minimum Cash Flow Coverage Ratio. Borrower shall maintain a Minimum Cash Flow Coverage Ratio of not less than 1.50:1.00. This ratio shall be measured on a calendar year-to-date basis as of December 31, 2018 and on a calendar year-to-date basis as of the end of each successive calendar quarter thereafter.
Minimum Cash Flow Coverage Ratio. Maintain a Cash Flow Coverage Ratio, determined as of the last day of each Quarter, at an amount not less than that set forth for such Quarter below: Cash Flow Quarter(s) Ended Coverage Ratio ---------------- -------------- In 1996 1.10 March 31, 1997 1.25 June 30, 1997 1.25 September 30, 1997 1.50 December 31, 1997 1.50 March 31, 1998 1.60 June 30, 1998 1.60 September 30, 1998 1.70 December 31, 1998 1.70 In 1999 and thereafter 2.00
Minimum Cash Flow Coverage Ratio. The Borrower and its Subsidiaries on a Consolidated Basis shall not permit at any time the Cash Flow Coverage Ratio to be less than 1.00:1.00.
Minimum Cash Flow Coverage Ratio. Borrowers shall maintain a minimum Cash Flow Coverage Ratio at such times in accordance with the table below: QUARTER ENDED RATIO ------------- ----- 30-Jun-02 1.03x 30-Sep-02 1.04x 31-Dec-02 1.05x 31-Mar-03 1.07x 30-Jun-03 1.08x 30-Sep-03 1.09x 31-Dec-03 1.10x 31-Mar-04 1.12x 30-Jun-04 1.13x 30-Sep-04 1.14x 31-Dec-04 1.15x 31-Mar-05 1.15x 30-Jun-05 1.15x
Minimum Cash Flow Coverage Ratio. Permit the ratio of (1) Consolidated Operating Cash Flow for any four consecutive calendar quarters to (2) Consolidated Interest and Dividend Expense for such four consecutive calendar quarters, to be less than 1.75 to 1.00. Such ratio shall be calculated at the end of each calendar quarter beginning with the calendar quarter ending December 31, 1996 using Consolidated Operating Cash Flow and Consolidated Interest and Dividend Expense for the four most recently completed calendar quarters.
Minimum Cash Flow Coverage Ratio. A ratio measured as of the last day of each fiscal quarter of (i) the EBITDA Amount for such date of calculation plus (to the extent deducted in the calculation of the EBITDA Amount) operating lease payments made during such period, minus Distributions made during such period, minus payments made during such period in respect of contingent acquisition-related obligations and liabilities such as earn-out and similar payments contingent, at the time of closing of the relevant acquisition, on future performance or revenues, to (ii) Debt Service on such date of calculation, of not less than the applicable Minimum CFCR Amount. As used herein, “Debt Service” shall mean, for any date of calculation, the sum of (a) an amount equal to one-quarter of the outstanding principal indebtedness owing in respect of the Revolving Loan on such date, plus (b) Borrower’s interest obligations for the twelve (12) month period immediately following the date of calculation, plus (c) operating lease payment obligations arising during the twelve (12) month period immediately following the date of calculation, plus (d) the principal portion of Borrower’s term obligations (including all capital lease obligations, but not including the Revolving Loan) coming due within the twelve (12) month period following the date of calculation.”
Minimum Cash Flow Coverage Ratio. The Borrower will not permit for any period of four consecutive fiscal quarters, the ratio of (a) Consolidated EBITDAR for such period to (b) the sum of (i) Consolidated Total Interest Expense for such period, PLUS (ii) any scheduled amortization of principal on Indebtedness (INCLUDING amortization relating to Capital Leases) for such period, PLUS (iii) Consolidated Rental Expense for such period to be less than 1.90 to 1.00.
Minimum Cash Flow Coverage Ratio. A. Consolidated EBITDAR (sum of (1) through (6)) (all amounts calculated for any period of 4 consecutive fiscal quarters) $ —
(1) Consolidated Net Income of the Borrower and its Subsidiaries $ —
(2) plus income taxes $ — (3) plus Consolidated Total Interest Expense $ — (4) plus depreciation and amortization $ — (5) plus Consolidated Rental Expense $ — (6) plus noncash charges $ —
B. Fixed Charges (sum of (1) through (3)) (all amounts calculated for the trailing 4 quarters period) $ —
(1) Consolidated Total Interest Expense $ —
(2) plus scheduled principal amortization on Indebtedness (including amortization related to Capitalized Leases) $ — (3) plus Consolidated Rental Expense $ — C. Ratio of A. to B. —
Minimum Cash Flow Coverage Ratio. Throughout the Term the Borrower shall maintain a Cash Flow Ratio of not less than 1.75:1, tested on a quarterly basis for the trailing 12-month period then ended.
