Minimum Consolidated Cash Flow Coverage Ratio Sample Clauses

Minimum Consolidated Cash Flow Coverage Ratio. Borrower will have and maintain a Consolidated Cash Flow Coverage Ratio of at least (i) 0.85 to 1.0 at all times up to and including June 30, 1996, (ii) 0.70 to 1.0 at all times during the period commencing July 1, 1996 and ending June 30, 1997, (iii) 0.85 to 1.0 at all times during the period commencing July 1, 1997 and ending September 30, 1997, (iv) 0.90 to 1.0 at all times during the period commencing October 1, 1997 and ending September 30, 1998, (v) 1.05 to 1.0 at all time during the period commencing October 1, 1998 and ending September 30, 1999, and (vi) 1.10 to 1.0 at all times from and after October 1, 1999. Section 10.1 (m)(iii) of the Credit Agreement shall be deleted in its entirety and in its place shall be substituted the following:
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Minimum Consolidated Cash Flow Coverage Ratio. In the event of an Consolidated Cash Flow Coverage Ratio Testing Event, then the Borrowers shall not permit the Consolidated Cash Flow Coverage Ratio of the Borrowers and their consolidated Subsidiaries as of the most recently ended Fiscal Quarter to be less than 1.00 to 1.00, provided, however, that if: (i) the Borrowers' Excess Availability is no less than Ten Million Dollars ($10,000,000) for a period of sixty (60) consecutive days after a Consolidated Cash Flow Coverage Ratio Testing Event and (ii) no Event of Default has occurred and is continuing, then the Borrowers shall not be subject to this financial covenant unless and until the occurrence of a subsequent Consolidated Cash Flow Coverage Ratio Testing Event.
Sample 1
Minimum Consolidated Cash Flow Coverage Ratio. Borrower will have and maintain a Consolidated Cash Flow Coverage Ratio of at least (i) 0.70 to 1.0 at all times during the period commencing July 1, 1996 and ending June 30, 1997, (ii) 0.75 to 1.0 at all times during the period commencing July 1, 1997 and ending September 30, 1997, (iii) .80 to 1.0 at all times during the period commencing October 1, 1997 and ending December 31, 1997, (iv) 0.85 to 1.0 at all times during the period commencing January 1, 1998 and ending September 30, 1998, (v) .90 to 1.0 at all times during the period commencing October 1, 1998 and ending September 30, 1999 and (vi) 1.0 to 1.0 during the period commencing October 31, 1999 and ending September 30, 2000. For purposes of this Section, Capital Expenditures included in the definition of "Consolidated Cash Flow Coverage Ratio" shall not include expenditures financed with direct or indirect proceeds from industrial revenue bonds or similar indebtedness. Section 10.1 (m)(iii) of the Credit Agreement shall be deleted in its entirety and in its place shall be substituted the following:
Sample 1

Related to Minimum Consolidated Cash Flow Coverage Ratio

  • 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 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.

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

  • 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.

  • 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.

  • 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 Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • 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 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.

  • 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.

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