Minimum Cash Flow to Debt Service Ratio Sample Clauses

Minimum Cash Flow to Debt Service Ratio. Laitram will maintain a ratio of cash flow of Group and the Subsidiaries to scheduled principal payments plus all accrued interest payments on funded debt of Group and the Subsidiaries of not less than 1.50 to 1 as of the end of each fiscal period in which Laitram is obligated to provide Lender a financial statement as measured on a rolling 12-month basis. For the purposes of this section, "cash flow" shall mean the sum of net income after taxes, plus depreciation and amortization expenses, plus interest expense for the period.
Sample 1
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Minimum Cash Flow to Debt Service Ratio. Borrower will maintain a ratio of cash flow to debt service of not less than 1 50 to 1.00. For the purposes of this subsection: “cash flow” shall mean the sum of net business income of Borrower plus income tax, interest, depreciation and amortization expenses for the subject period; and “debt service” shall mean the sum of the current portion of long term debt, plus the current portion of capitalized lease payments plus interest expense of Borrower as shown by the annual financial statements, for the subject period. Cash flow shall be divided by debt service to determine compliance with this ratio.
Sample 1
Minimum Cash Flow to Debt Service Ratio. Until all Indebtedness is paid in full in cash and Lender has no further commitment to lend under the Credit Facility, the Borrowers agree and covenant that, unless Lender shall otherwise consent in writing, the Borrowers on a consolidated basis will maintain a ratio of (x) Cash Flow for the period of four consecutive Fiscal Quarters ending on the last day of each Fiscal Quarter to (y) scheduled interest payments on Debt (excluding non-cash interest and any cash interest that the payee thereof has agreed in writing shall be due in a subsequent period), for such period, of not less than 1.10 to 1.00 as of the end of each Fiscal Quarter beginning with the quarter ending March 31, 2024.
Sample 1
Minimum Cash Flow to Debt Service Ratio. Borrower will maintain a ratio of cash flow to scheduled interest payments on funded debt (excluding non-cash interest) of not less than 1.00 to 1.00 as of the end of each fiscal quarter beginning with the quarter ending June 30, 2008. For the purposes of this section "cash flow" shall mean the sum of net income after taxes, plus depreciation and amortization and other non-cash expenses for the period as well as any interest expense included in the denominator of this ratio. "Funded debt" shall mean all indebtedness for borrowed money.
Sample 1
Minimum Cash Flow to Debt Service Ratio. Maintain a ratio of Cash Flow to cash principal and/or cash interest payments on Debt of not less than 1.00 to 1.00 for each Fiscal Quarter beginning with the quarter ending March 31, 2012. To the extent Cash Flow is in excess of the amount required to achieve compliance with this covenant for any given Fiscal Quarter, such surplus may be added to Cash Flow for purposes of determining compliance with this covenant for the first and/or second Fiscal Quarter immediately following the Fiscal Quarter in which such surplus was generated; provided that any portion of the surplus added to Cash Flow in the first Fiscal Quarter immediately following shall not be added to Cash Flow in the second Fiscal Quarter immediately following.
Sample 1

Related to Minimum Cash Flow to Debt Service Ratio

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

  • 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 Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • 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 Debt Service Coverage Ratio as at the end of each Fiscal Quarter, the Debt Service Coverage Ratio shall not be less than 1.20 to 1.00; and

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

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