Minimum Consolidated Coverage Ratio. Permit the Consolidated Coverage Ratio during any period to be less than the amount specified for such period in Schedule 4.3(c).
Minimum Consolidated Coverage Ratio. (a) Net income for the period $_________
(b) Income tax expense $_________
(c) Consolidated Interest Expense $_________
(d) Depreciation $_________
(e) Amortization of intangibles and impairment charges recorded in connection with the application of Financial Accounting Standard No. 142 "Goodwill and Other Intangibles" $_________
(f) Other non-cash charges or non-cash losses (other than non-cash charges to the extent they represent an accrual of or reserve for cash charges in any future period or amortization of a prepaid expense that was paid in a prior period) ($_________)
(g) Total net income (line 2 (a) plus lines 2(b), 2(c), 2(d) 2(e) and 2(f)) $_________
(h) Minus without duplication and to the extent included in net income, non-cash items increasing Consolidated Net Income of such Person for such period (excluding any items which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges recorded in any prior period) ($_________)
(i) Less if any Restricted Subsidiary is not directly or indirectly owned 100% by the Borrower, EBITDA shall be reduced (to the extent not otherwise reduced in accordance with GAAP) by an amount equal to (A) the amount of the EBITDA attributable to such Restricted Subsidiary multiplied by (B) the quotient of (1) the number of shares of outstanding common Equity Interests of such Restricted Subsidiary not owned directly or indirectly by the Borrower on the last day of such period by the Borrower divided by (2) the total number of shares of outstanding common Equity Interests of such Restricted Subsidiary on the last day of such period ($_________)
(j) EBITDA (line 2 (g) minus lines 2(h) minus line 2(i)) $_________
(k) Pro forma adjustments of Investments, acquisitions and Asset Dispositions $_________
(l) Adjusted EBITDA (line 2(j) plus or minus (as applicable) line 2(k)) $_________
(m) Total consolidated cash and non-cash interest expense (excluding capitalized interest and any non-cash interest expense arising from the adoption of FASB Staff Position No. APB 14-1) $_________
(n) Interest expense attributable to Capitalized Lease Obligations and imputed interest with respect to Attributable Debt $_________
(o) Amortization of debt discount and debt issuance cost (other than those debt discounts and debt issuance costs incurred with respect to the Convertible Notes, the Senior Notes due 2009, the Senior Notes due 2011, the Senior Notes due 2013 and the Senior Notes due 2017 and on the Effective D...
Minimum Consolidated Coverage Ratio. So long as any of the Obligations shall remain unpaid or any Bank shall have any Commitment under this Agreement, the Company shall maintain a Consolidated Coverage Ratio, determined as of the end of each of its fiscal quarters ending on and after December 31, 2011 and for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, of greater than 2.0 to 1.0.
Minimum Consolidated Coverage Ratio. The Borrower will not permit the Consolidated Coverage Ratio for any Test Period ending on the last day of a fiscal quarter described below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ended Closest to Ratio ------------------------------- ----- October 31, 1999 2.00:1.00 January 31, 2000 2.00:1.00 April 30, 2000 2.00:1.00 July 31, 2000 2.00:1.00 October 31, 2000 2.00:1.00 January 31, 2001 2.00:1.00 April 30, 2001 2.00:1.00 July 31, 2001 2.00:1.00 October 31, 2001 2.00:1.00 January 31, 2002 2.00:1.00 April 30, 2002 2.25:1.00 July 31, 2002 2.25:1.00 October 31, 2002 2.25:1.00 January 31, 2003 2.25:1.00 April 30, 2003 2.25:1.00 July 31, 2003 2.25:1.00 October 31, 2003 2.25:1.00 January 31, 2004 2.25:1.00 April 30, 2004 2.25:1.00 July 31, 2004 2.25:1.00
