Pro Forma Fixed Charge Coverage Ratio. As at the end of any fiscal quarter ending during any period set forth below, the Borrower will not permit the Pro Forma Fixed Charge Coverage Ratio to be less than the ratio set forth opposite such period in such table: Period Ratio ------ ------- 8/31/99 through 11/30/99 1.05:1.00 12/01/99 and thereafter 1.10:1.00
Pro Forma Fixed Charge Coverage Ratio. With respect to any date of determination, the ratio of (a) Consolidated Operating Cash Flow for the period of four consecutive fiscal quarters ending on such date to (b) Pro Forma Fixed Charges for the period of four consecutive fiscal quarters commencing on the date following such date of determination. Pro Forma Fixed Charges. With respect to any date of determination, the sum of (a) Consolidated Total Interest Expense required to be paid or accrued by HoldCo, the Borrower, or any of its Subsidiaries (other than Excluded Subsidiaries) during the period of four (4) consecutive fiscal quarters commencing on the date following such date of determination, plus (b) the sum of all principal scheduled to be paid by each such Person with respect to Total Funded Debt during such four (4) quarter period, plus (c) all Capital Expenditures scheduled to be made by the Borrower and/or its Subsidiaries (other than Excluded Subsidiaries) during such four (4) quarter period, plus (d) the aggregate amount of cash taxes scheduled to be paid by the Borrower and/or its Subsidiaries (other than Excluded Subsidiaries) during such four (4) quarter period. For purposes of the foregoing calculation, (A) the amount of Capital Expenditures scheduled to be made by the Borrower and its Subsidiaries (other than Excluded Subsidiaries) shall be deemed to equal the amount of Capital Expenditures projected to be made during such prospective four (4) quarter period pursuant to the Projections or any updated projections which have been approved by the Banks for use in this definition, (B) the amount of cash taxes scheduled to be paid by the Borrower and its Subsidiaries (other than Excluded Subsidiaries) during such prospective four (4) quarter period shall be deemed to be equal to the aggregate amount of cash taxes paid by the Borrower and its Subsidiaries (other than Excluded Subsidiaries) during the period of the four (4) fiscal quarters ended on such date of determination, after excluding therefrom cash taxes paid during such period with respect to the gain from any Sale of one or more Stations during such period, (C) interest payable hereunder for such prospective four (4) quarter period shall be determined based upon the Type of Loans outstanding as of the date of determination and using the interest rate in effect for each Type of Loan on such date, (D) the principal amount of and the interest rate on any other Indebtedness for borrowed money during such prospective four (4) quarter...
Pro Forma Fixed Charge Coverage Ratio. As at the end of any fiscal quarter ending during any period set forth below, the Borrower will not permit the Pro Forma Fixed Charge Coverage Ratio to be less than the ratio set forth opposite such period in such table: Period Ratio Closing Date to 2/27/01 1.05:1.00 2/28/01 to 2/27/04 1.10:1.00 2/28/04 and thereafter 1.00:1.00
Pro Forma Fixed Charge Coverage Ratio. At any date of determination, the ratio of (a) Consolidated Operating Cash Flow for the Reference Period ending on such date to (b) Pro Forma Fixed Charges for the Reference Period commencing on the date following such date of determination.
Pro Forma Fixed Charge Coverage Ratio. As at the end of each fiscal quarter of the ----------------------------------------- Borrower ending during any period described in the table set forth below, the Borrower will not permit the Pro Forma Fixed Charge Coverage Ratio to be less than the ratio set forth opposite such period in such table: -------------------------------------------------- ----------------------------------------------- Period (inclusive of dates) Ratio ------ ----- -------------------------------------------------- ----------------------------------------------- -------------------------------------------------- ----------------------------------------------- date hereof -- 8/31/01 1.10:1.00 -------------------------------------------------- ----------------------------------------------- -------------------------------------------------- ----------------------------------------------- 9/1/01 -- 11/30/02 1.05:1.00 -------------------------------------------------- ----------------------------------------------- -------------------------------------------------- ----------------------------------------------- Thereafter 1.10:1.00 -------------------------------------------------- -----------------------------------------------
Pro Forma Fixed Charge Coverage Ratio. With respect to any date of determination, the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date to (b) Pro Forma Fixed Charges for the period of four consecutive fiscal quarters commencing on the date following such date of determination.
Pro Forma Fixed Charge Coverage Ratio. Permit the Pro Forma Fixed Charge Coverage Ratio at the end of any fiscal quarter ending (i) during the period commencing October 1, 2002 and ending December 31, 2002, to be less than 1.25 to 1.0, (ii) during the period commencing March 31, 2003 and ending June 30, 2003, to be less than 1.05 to 1.0 or (iii) on September 30, 2003 or thereafter, to be less than 1.25 to 1.0; provided, that a violation of this covenant at the end of any fiscal quarter shall not constitute a Default or Event of Default if, within 25 days after the end of such fiscal quarter, the Borrower shall have received cash, either as an equity contribution or as the proceeds of subordinated debt permitted by Section 6.2(i) in an amount which, if such amount had been received on the last day of such fiscal quarter, no violation of this covenant would have occurred as at the end of such fiscal quarter.
(iv) Section 6.1(d) is deleted in its entirety and the following text is inserted in lieu thereof:
Pro Forma Fixed Charge Coverage Ratio. Its Pro Forma Fixed Charge Coverage Ratio for the Rolling Period ending on the last day of each full Fiscal Quarter ending after the Closing Date to be less than 1.10 to 1.00: (b)
Pro Forma Fixed Charge Coverage Ratio. By execution of this Amendment, Borrower covenants that it shall maintain, on a Consolidated basis (in addition to the financial covenants set forth in Section 9.3 of the Loan Agreement), a Pro Forma Fixed Charge Coverage Ratio of not less than 0.95 to 1.00. For purposes hereof, the term "
Pro Forma Fixed Charge Coverage Ratio. The Pro Forma Fixed Charge Coverage Ratio, calculated after giving effect to the Loan requested and the acquisition of the Target or its assets to be financed with the proceeds thereof, shall be no less than 1.50 to 1.00 and Borrowers shall have delivered to the Bank a Borrowing Request duly completed and executed showing, among the other things required thereby, the calculations demonstrating compliance with this clause (f).
