Common use of Minimum Fixed Charge Coverage Clause in Contracts

Minimum Fixed Charge Coverage. The ratio of the sum of Borrower's EBITDA to Borrower's Fixed Charges, calculated for and as of the last day of each applicable period, shall not be less than 1.0 to 1.0 for Borrower's fiscal year ended in 1998 and shall not be less than 1.1 to 1.0 for Borrower's fiscal year ended at any time thereafter.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Group Inc)

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Minimum Fixed Charge Coverage. The ratio of the sum of Borrower's EBITDA to Borrower's Fixed Charges, calculated for and as at the end of each fiscal quarter of Borrower ended on the basis of the last day of each applicable periodfour consecutive fiscal quarters then ended, shall not be less than 1.0 1.25 to 1.0 for Borrower's fiscal year ended in 1998 and shall not be less than 1.1 to 1.0 for Borrower's fiscal year ended at any time thereafter1.00.

Appears in 1 contract

Samples: Loan Agreement (Labarge Inc)

Minimum Fixed Charge Coverage. The ratio of the sum of Borrower's Adjusted EBITDA to Borrower's Fixed Charges, calculated for and as of at the last day end of each applicable periodfiscal quarter of Borrower for the four consecutive fiscal quarters then ended, shall not be less than 1.0 to 1.0 for Borrower's fiscal year ended in 1998 and shall not be less than 1.1 to 1.0 for Borrower's fiscal year ended at any time thereafter1.0.

Appears in 1 contract

Samples: Loan Agreement (Insituform Technologies Inc)

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Minimum Fixed Charge Coverage. The ratio of the sum of (i) Borrower's EBITDA to Borrower's (ii) Fixed Charges, calculated for and as of at the last day end of each applicable periodfiscal quarter of Borrower for the four fiscal quarters then ended, shall not be less than 1.0 1.00 to 1.0 for Borrower's fiscal year ended in 1998 and shall not be less than 1.1 to 1.0 for Borrower's fiscal year ended at any time thereafter1.00.

Appears in 1 contract

Samples: Loan Agreement (Intrav Inc)

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