Minimum Liquidity/Fixed Charge Coverage Ratio Sample Clauses

Minimum Liquidity/Fixed Charge Coverage Ratio. (i) Prior to the FCCR Covenant Triggering Date, maintain Liquidity at all times of at least $10,000,000 (which automatically shall be reduced to $8,000,000 commencing upon the last day of the first quarter for which Borrowers achieve TTM EBITDA, measured on a quarter-end basis, of at least $8,000,000), and (ii) commencing on the FCCR Covenant Triggering Date, have a Fixed Charge Coverage Ratio, measured on each March 31, June 30, September 30 and December 31 of at least 1.10 to 1.00 for the 4 quarter period ending on each such date.
Sample 1
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Minimum Liquidity/Fixed Charge Coverage Ratio. (a) Liquidity shall at all times be greater than $75,000,000; provided that it shall not be a breach of this covenant if, for each period commencing with the calendar month during which Liquidity was not greater than $75,000,000 and ending at the end of the calendar month during which Liquidity has been greater than $75,000,000 for that calendar month and the three immediately preceding calendar months, the ratio of Income Available for Fixed Charges to Consolidated Fixed Charges be, at all times during each such period, greater than 1.00 to 1.00; provided further, that for purposes of calculating the Parent's compliance with this Subsection 6.22, Consolidated Fixed Charges and Income Available for Fixed Charges shall be calculated on a cumulative, monthly basis during each such period for up to 12 months, until such period ends. (b) No proceeds of any Loan shall be used to pay any principal amount of the 1992 Notes or 1995 Notes, unless the Parent first demonstrates to the Administrative Agent's satisfaction that, after giving effect to such payment, Liquidity will be greater than or equal to $100,000,000.
Sample 1

Related to Minimum Liquidity/Fixed Charge Coverage Ratio

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

  • 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.

  • 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.

  • Minimum Fixed Charge Coverage The ratio of (a) Adjusted EBIT for any Rolling Four Quarter Period to (b) Fixed Charges for the same Rolling Four Quarter Period, to be less than 1.50 to 1.00.

  • 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 Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Fixed Charge Ratio Maintain a Fixed Charge Ratio as determined as of each Calculation Date of not less than 1.50: 1. The Fixed Charge Ratio covenant shall be tested by the Administrative Agent as of each Calculation Date with results based upon the results for the most recent Calculation Period, such calculation and results to be verified by the Administrative Agent.

  • Fixed Charge Coverage As of the last day of each calendar quarter, the ratio of (x) Annual EBITDA, less reserves for Capital Expenditures of (i) $.30 per square foot per annum for each Real Property Asset that is an office property and (ii) $.15 per square foot per annum for each Real Property Asset that is an industrial property, to (y) the sum of (i) Total Debt Service and (ii) dividends or other payments payable by the General Partner with respect to any preferred stock issued by the General Partner and distributions or other payments payable by the Borrower with respect to any preferred partnership units of the Borrower, will not be less than 1.5:1.0.

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