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Common use of Minimum Consolidated Fixed Charge Coverage Ratio Clause in Contracts

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on a Consolidated basis, as of the end of each of the Borrower’s fiscal quarters commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than (x) with respect to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 1.

Appears in 1 contract

Samples: Credit Agreement (Mistras Group, Inc.)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on a Permit the Consolidated basisFixed Charge Coverage Ratio, as of the end last day of each any period of four fiscal quarters of the Borrower’s fiscal quarters Borrower (commencing with the fiscal quarter ended December 31, 20232019), a Fixed Charge Coverage Ratio of not to be less than (x) with respect to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 11.00.

Appears in 1 contract

Samples: Credit Agreement (Digi International Inc)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on Maintain a Consolidated basis, as of the end of each of the Borrower’s fiscal quarters commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than at least (xi) 1.05:1.00, beginning with respect to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters Fiscal Quarter ending June 30, 2024 2015 through the Fiscal Quarter ending December 31, 2015, (ii) 1.15:1.00, for the Fiscal Quarter ending Xxxxx 00, 0000, (xxx) 1.20:1.00, for the Fiscal Quarter ending June 30, 2016, and (iv) 1.25:1.00, thereafter, 1.25 to 1measured at the end of each Fiscal Quarter based on the four most recent Fiscal Quarters for which financial information is available.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on will have a Consolidated basis, Fixed Charge Coverage Ratio of at least 1.05 to 1.0 as of the end of each of fiscal quarter for the Borrower’s fiscal quarters year-to-date period then ended, commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than (x) with respect to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 12002.

Appears in 1 contract

Samples: Loan Agreement (Featherlite Inc)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on Maintain a Consolidated basis, as of the end of each of the Borrower’s fiscal quarters commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than at least (xi) 1.20:1.00, beginning with respect to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters Fiscal Quarter ending June 30, 2024 2016 through the Fiscal Quarter ending September 30, 2016, (ii) 1.05:1.00, for the Fiscal Quarter ending December 31, 2016, and (iii) 1.15:1.00, thereafter, 1.25 to 1measured at the end of each Fiscal Quarter based on the four most recent Fiscal Quarters for which financial information is available.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintainPermit the Consolidated Fixed Charge Coverage Ratio, on a Consolidated basis, calculated as of the end of each of the Borrower’s fiscal quarters quarter commencing with the fiscal quarter ended December 31ending May 27, 2023, a Fixed Charge Coverage Ratio of not for the four fiscal quarters then ended, to be less than (x) with respect 1.15 to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 11.00.

Appears in 1 contract

Samples: Credit Agreement (Richardson Electronics, Ltd.)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on Maintain a Consolidated basis, as of the end of each of the Borrower’s fiscal quarters commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than at least (xi) with respect to 1.15:1.00, through the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters Fiscal Quarter ending June 30, 2024 2014, (ii) 1.20:1.00, beginning with the Fiscal Quarter ending September 30, 2014 through the Fiscal Quarter ending June 30, 2015 and (iii) 1.25:1.00, thereafter, 1.25 to 1measured at the end of each Fiscal Quarter based on the four most recent Fiscal Quarters for which financial information is available.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on a Permit the Consolidated basisFixed Charge Coverage Ratio, as of the end of each any fiscal quarter of the Borrower’s fiscal quarters commencing Borrower (beginning with the fiscal quarter ended December 31April 3, 20232011), a Fixed Charge Coverage Ratio of not to be less than (x) with respect 1.50 to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 11.00.

Appears in 1 contract

Samples: Credit Agreement (Power One Inc)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on Maintain a Consolidated basis, as of the end of each of the Borrower’s fiscal quarters commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than at least (xi) 1.05:1.00, beginning with respect to the fiscal quarters ended December 31, 2023 and quarter ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to 2015 through the fiscal quarters quarter ending December 31, 2015, (ii) 1.15:1.00, for the fiscal quarter ending Xxxxx 00, 0000, (xxx) 1.20:1.00, for the fiscal quarter ending June 30, 2024 2016 and (iv) 1.25:1.00, thereafter, 1.25 to 1measured at the end of each fiscal quarter of the Guarantor based on the four most recent fiscal quarters of the Guarantor for which financial information is available;".

Appears in 1 contract

Samples: Facility Agreement (International Shipholding Corp)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on Maintain a Consolidated basis, as of the end of each of the Borrower’s fiscal quarters commencing with the fiscal quarter ended December 31, 2023, a Fixed Charge Coverage Ratio of not less than at least (xi) 1.20:1.00, beginning with respect to the fiscal quarters ended December 31quarter ending September 30, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to 2014 through the fiscal quarters quarter of the Guarantor ending June 30, 2024 2015 and (ii) 1.25:1.00, thereafter, 1.25 to 1.measured at the end of each fiscal quarter of the Guarantor based on the four most recent fiscal quarters of the Guarantor for which financial information is available;

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintainPermit the Consolidated Fixed Charge Coverage Ratio, on a Consolidated basis, calculated as of the end of each of the Borrower’s fiscal quarters Fiscal Quarter, commencing with the fiscal quarter ended Fiscal Quarter ending December 31, 2023, a Fixed Charge Coverage Ratio of not less than (x) with respect to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not to be less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 11.00.

Appears in 1 contract

Samples: Credit Agreement (Cadre Holdings, Inc.)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on a Permit the Consolidated basis, Fixed Charge Coverage Ratio (i) measured as of the end of each fiscal quarter of the Borrower’s each fiscal quarters commencing with year (other than the fiscal quarter ended December 31April 30, 20232010), a Fixed Charge Coverage Ratio of not to be less than (x) with respect 2.50 to the fiscal quarters ended December 31, 2023 and ending March 31, 2024, not less than 1.10 to 11.00, and (yii) with respect to as of the end of the fiscal quarters ending June quarter ended April 30, 2024 and thereafter2010, 1.25 to 1be less than 2.25 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Virco MFG Corporation)

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall maintain, on a Permit the Consolidated basis, Fixed Charge Coverage Ratio (i) measured as of the end of each fiscal quarter of the Borrower’s each fiscal quarters commencing with year (other than the fiscal quarter ended December 31April 30, 20232010), a Fixed Charge Coverage Ratio of not to be less than 2.50 to 1.00, and (xii) with respect as of the end of the fiscal quarter ended April 30, 2010, to be less than 2.25 to 1.00. The foregoing notwithstanding, this Section 5.12 shall not apply to the fiscal quarters ended December quarter ending July 31, 2023 and ending March 31, 2024, not less than 1.10 to 1, and (y) with respect to the fiscal quarters ending June 30, 2024 and thereafter, 1.25 to 12010.

Appears in 1 contract

Samples: Credit Agreement (Virco MFG Corporation)