Ratio of EBITDAR to Interest and Rent. Maintain on a consolidated basis a minimum ratio of EBITDAR to the sum of Interest plus Rent as shown below for the period or periods indicated; provided, however, that any calculation of such ratio shall at all times (i) exclude non-cash reserves for general and/or professional liability claims and the costs associated therewith, (ii) exclude all non-cash income arising from the contribution of assets to a joint venture, (iii) except as provided in (vi) hereafter, include cash payments made for general and/or professional liability claims and the costs associated therewith, (iv) exclude non-cash "marx xx market" adjustments related to the J.P. Xxxxxx xxd SunTrust Swaps not to exceed $1,200,000 in the aggregate, net of taxes, over the life of the J.P. Xxxxxx xxd SunTrust Swaps, (v) exclude the $1,227,000 in pre-tax loss for debt prepayment penalty and $762,000 pre-tax ordinary loss each in connection with the sale of the Rossmoor Regency Facility, (vi) exclude the one-time $1,200,000 expense for liability insurance "nose coverage" paid to Technical Risk, Inc., (vii) exclude any gain or loss on the sale of the Pecan Park Facility or any other Facility identified to be sold in the Capital Formation Plan (as defined in the Financing Agreement) during fiscal quarters ending June 30, 2001 or September 30, 2001 and (viii) exclude extraordinary losses arising from prepayments of debt during fiscal quarters ending June 30, 2001 or September 30, 2001.
Ratio of EBITDAR to Interest and Rent. Guarantor shall maintain on a consolidated basis with all Subsidiaries, (i) as of the end of the fiscal quarter ending March 31, 2000, for the three month period ending on such date, (ii) as of the end of the fiscal quarter ending June 30, 2000, for the six month period ending on such date, (iii) as of the fiscal quarter ending September 30, 2000 for the nine month period ending on such date and (iv) as of the end of each fiscal quarter beginning with the fiscal quarter ending December 31, 2000, for the four fiscal quarter period ending on such date, a minimum ratio of EBITDAR to the sum of Guarantor Interest Obligations plus Guarantor Rental Obligations, greater than or equal to: Fiscal Year 1st Xxxxxxx 0xx Xxxxxxx 0xx Xxxxxxx 0xx Xxxrter ----------- ----------- ----------- ----------- ----------- 2000 0.75 to 1.0 0.75 to 1.0 0.75 to 1.0 0.75 to 1.0 2001 0.75 to 1.0 0.82 to 1.0 0.91 to 1.0 1.0 to 1.0 2002 1.06 to 1.0 1.13 to 1.0 1.19 to 1.0 1.25 to 1.0
Ratio of EBITDAR to Interest and Rent. The ratio of EBITDAR to the sum of Interest plus Rent, measured quarterly as of the last day of each fiscal quarter of the Consolidated Parties during each of the fiscal years noted as follows shall be greater than or equal to:
Ratio of EBITDAR to Interest and Rent. (i) Prior to Alterra's receiving gross proceeds of at least $100,000,000 from the issuance of (x) shares of its capital stock or (y) convertible debt securities of Alterra with a maturity of at least five years and no redemption, retirement, sinking fund or similar requirements and no cash interest payments for at least five years (the receipt of which shall be evidenced by a certificate delivered to the Administrative Agent in a form satisfactory to the Administrative Agent),
Ratio of EBITDAR to Interest and Rent. Guarantor shall maintain on a consolidated basis with all Subsidiaries a minimum ratio of EBITDAR to the sum of Guarantor Interest Obligations plus Guarantor Rental Obligations, measured on a rolling four-quarter basis commencing September 30, 1999, of 1.5 to 1.0.
Ratio of EBITDAR to Interest and Rent. Maintain on a consolidated basis a minimum ratio of EBITDAR to the sum of Interest plus Rent of 1.50 to 1, measured quarterly on a rolling four (4) quarters basis; provided, however, that any calculation of such ratio which includes the quarter ending December 31, 1999 shall exclude from the calculation of EBITDAR the amount of both the actual extraordinary charges (but not more than $13,000,000) and the actual extraordinary gain (but not more than $3,000,000) taken by the ARC in that fiscal quarter which are listed with estimated amounts on Schedule III attached to Exhibit B, Healthcare Rider. Current Ratio. Maintain on a consolidated basis a Current Ratio of not less than 1.0 to 1, to be tested quarterly. Minimum Liquidity. Maintain on a consolidated basis Liquid Assets of not less than the greater of (a) ten percent (10%) of its Tangible Net Worth or (b) $12,000,000, to be tested quarterly. Ratio of Funded Debt to Adjusted Total Capital. Maintain on a consolidated basis, a maximum ratio of Funded Debt to Adjusted Total Capital of seventy percent (70%) measured quarterly.
Ratio of EBITDAR to Interest and Rent. Maintain on a consolidated basis a minimum ratio of EBITDAR to the sum of Interest plus Rent as shown below for the period or periods indicated; provided, however, that any calculation of such ratio which includes the quarter ending December 31, 1999 shall exclude from the calculation of EBITDAR the amounts of both the actual extraordinary charges (but not more than $13,000,000) and the actual extraordinary gain (but not more than $3,000,000) taken by the Guarantor in that
