Minimum Coverage Ratio. The Company shall maintain as of the end of each fiscal quarter set forth below a ratio of (i) EBITDAR for the four fiscal quarter period then ending to (ii) Interest Expense plus Rentals for such period of not less than the ratio set forth below opposite such period: FISCAL QUARTER ENDING RATIO --------------------- ----- December 31, 1999 through June 30, 2000 2.75 July 1, 2000 through June 29, 2001 2.75 June 30, 2001 through June 28, 2002 3.00 June 29, 2002 through June 27, 2003 3.25 June 28, 2003 through July 2, 2004 3.50 July 3, 2004 and thereafter 3.75
Minimum Coverage Ratio. The Loan Parties shall not permit the Coverage Ratio to be less than 1.75 to 1.0.
Minimum Coverage Ratio. The Borrower will not permit the ratio (the “Coverage Ratio”), determined as of the end of each of its fiscal quarters ending on and after September 30, 2007, of (i) Consolidated EBITDA minus Capital Expenditures to (ii) Consolidated Interest Expense paid or payable in cash, in each case for the period of four (4) consecutive fiscal quarters ending with the end of such fiscal quarter, all calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 3.5 to 1.0.
Minimum Coverage Ratio. At each fiscal quarter end, have a Minimum Coverage Ratio of not less than 2.50:1.00.
Minimum Coverage Ratio. The Co-Borrowers shall maintain at all times a Consolidated Coverage Ratio of not less than 1.75:1.00. This covenant shall be tested quarterly on a rolling four quarters basis.
Minimum Coverage Ratio. Borrower will maintain a Minimum Coverage Ratio of not less than 1.3 to 1 for the twelve (12) month period ending on the last day of the next preceding month and for the projected subsequent two (2) twelve (12) month periods as forecast in the Operating Plans and Budgets. The first such test shall be performed as of the first anniversary of the Closing Date and thereafter as of the end of each fiscal quarter of Borrower.
Minimum Coverage Ratio. So long as any of the Securities remain outstanding, neither the Company nor any of its Restricted Subsidiaries may make any Asset Sale (other than any Asset Sale described in clauses (i), (ii) or (iii) of the second paragraph of Section 4.15) or issue any Permitted Pari Passu Secured Indebtedness that is secured by the Collateral unless immediately after giving effect to any such Asset Sale or issuance, on a pro forma basis, the sum of the aggregate principal amount of the Securities plus the aggregate principal amount (or the aggregate accreted amount in the case of Permitted Pari Passu Secured Indebtedness, if any, with an original issue discount) of any Permitted Pari Passu Secured Indebtedness that is secured by the Collateral then outstanding (such sum, the "Secured Indebtedness") shall be less than or equal to the sum of (i) the aggregate amount of cash collateral and Eligible Investments held in the Collateral Account and (ii) the product of (a) the aggregate number of Net Pops of the MSAs and RSAs in the Collateral Pool and (b) $175 (the sum of the items described in clauses (i) and (ii), the "Minimum Collateral Value").
Minimum Coverage Ratio. As of the last day of each month on or after the Initial Closing Date, permit the Coverage Ratio, in each case, for each monthly period then ended to be less than the amount set forth across from such period in the table below:
Minimum Coverage Ratio. The Loan Parties shall not permit the Coverage Ratio, calculated as of the end of each fiscal quarter for the four (4) fiscal quarters then ended, to be less than 1.75 to 1.00.
Minimum Coverage Ratio. Borrower and its direct and indirect Subsidiaries shall maintain a Coverage Ratio of not less than 1.25 to 1.00 calculated as of the end of each Fiscal Year and as of the end of each Fiscal Quarter for the trailing twelve (12) month period ending as of the end of each such Fiscal Quarter. For the purposes hereof and except as provided below for the periods indicated, the term “Coverage Ratio” shall mean EBITDA for the period of measure divided by the sum of all required principal payments (whether or not actually paid) on long term debt and Capital Lease Obligations required to be paid in cash (whether or not actually paid) plus Interest Expense required to be paid in cash (whether or not actually paid) for the period of measure. Notwithstanding the foregoing, for the Fiscal Quarters ending September 30, 2013, December 31, 2013, March 31, 2014 and June 30, 2014, the Coverage Ratio shall be calculated by using in place of EBITDA in the above definition of Coverage Ratio, the combined EBITDA of Borrower and HPI Direct EBITDA, as follows:
