Ratio Requirements Sample Clauses

Ratio Requirements. A. The Adjusted Fixed Charge Coverage Ratio as of the Calculation Date was _____ to 1.00 calculated as follows (all amounts in the following calculations are determined for Borrower on a consolidated basis): [1] Net income determined in accordance with GAAP __________ plus, to the extent included in the calculation of net income the sum of [2] Income and franchise taxes paid or accrued __________ [3] Interest expense, net of interest income, paid or accrued __________ [4] Amortization and depreciation expense __________ [5] Extraordinary or non-recurring “cash” losses acceptable to Administrative Agent __________ [6] Extraordinary or non-recurring non-cash charges acceptable to Administrative Agent __________ less, to the extent included in the calculation of net income the sum of [7] The income of any Person (other than wholly-owned Subsidiaries of Borrower) in which any Borrower or a wholly owned Subsidiary of a Borrower has an ownership interest except to the extent such income is received by Borrower or such wholly-owned Subsidiary in a cash distribution during such period __________ [8] Gains from sales or other dispositions of assets (other than Inventory in the normal course of business) __________ [9] Extraordinary or non-recurring gains __________ [10] EBITDA: ([1]+([2]+[3] +[4]+[5]+[6]) -([7]+[8]+[9]) __________ [11] Acquired EBITDA (attached Acquired EBITDA Calculation Rider) __________ [12] Adjusted EBITDA ([10] + [11]) __________ [13] Rent Expense __________ [14] EBITDAR ([12]+[13]) __________ [15] Interest expense __________ [16] Rent Expense ([13] above) __________ [17] Adjusted Fixed Charges: (Total of [15] plus [16]) $_________ Calculation: [14] divided by [17] __________ Required: not less than 3.00 to 1.00

Ratio Requirements. The number of apprentices that the company may deploy is at its discretion. The company will consider the ratio parameters of journeypersons to apprentices required by the Registration Agency or any other governing authority for respective skilled trades at the location concerned. Limitations set forth below, which shall be applied separately to each trade at the location concerned.

Ratio Requirements. A. The Adjusted Fixed Charge Coverage Ratio as of the Calculation Date was _____ to 1.00 calculated as follows (all amounts in the following calculations are determined for Borrower on a consolidated basis):

Ratio Requirements. A. The ratio of Borrower's Funded Debt (determined on a consolidated basis) to its EBITDA, (determined on a consolidated basis) as of the Compliance Date was _________ to ___________ calculated as follows (Reference Section 7.01(a) of the Loan Agreement):

Ratio Requirements. (a) The Borrower's Consolidated Tangible Net Worth is $______________ [Reference Section 7.11 of the Loan Agreement];

Ratio Requirements. A. The Interest Coverage Ratio as of the Calculation Date was to 1.00 calculated as follows (all amounts in the following calculations are determined for Borrower on a consolidated basis):