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.
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.
