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STORE FIXED CHARGE COVERAGE Sample Clauses

STORE FIXED CHARGE COVERAGE. Borrower shall demonstrate to the satisfaction of FINOVA that the ratio of the Store Cash Flow of the designated Stores for the twelve month period ending closest to the applicable Funding Date to the sum of Store Fixed Charges of such Stores for such twelve month period plus the projected FINOVA Debt Service on the Allocated Loan Amount for such Stores for the twelve month period following the Funding Date of such Advance is not less than 1.25:1.00.
Sample 1
STORE FIXED CHARGE COVERAGE. Borrower shall demonstrate to the satisfaction of FINOVA that the ratio of the Store Cash Flow of the Eden Prairie Leased Store for the fiscal year ending January 2, 2000 to the projected Store Fixed Charges for such Eden Prairie Leased Store for the twelve month period ending May 31, 2001 is not less than 1.25:1.00.
Sample 1
STORE FIXED CHARGE COVERAGE. Borrower shall demonstrate to the satisfaction of FINOVA that the ratio of the Store Cash Flow of the Owned Store for the fiscal year ending January 2, 2000 to the projected Store Fixed Charges of such Owned Store for the twelve month period ending May 31, 2001 is not less than 1.25:1.00.
Sample 1
STORE FIXED CHARGE COVERAGE. Borrower shall demonstrate to the satisfaction of FINOVA that the ratio of the Store Cash Flow of the Tranche D Stores for the twelve month period ending closest to the Tranche D Closing Date to the sum of Store Fixed Charges of such Stores for such twelve month period plus the projected FINOVA Debt Service on the Allocated Loan Amount for such Stores for the twelve month period following the Tranche D Closing Date is not less than 1.25:1.00.
Sample 1
STORE FIXED CHARGE COVERAGE. Borrower shall demonstrate to the satisfaction of FINOVA that the ratio of the Store Cash Flow of the Minnetonka Leased Store for the fiscal year ending January 2, 2000 to the projected Store Fixed Charges for such Minnetonka Leased Store for the twelve month period ending May 31, 2001 is not less than 1.25:1.00.
Sample 1

Related to STORE FIXED CHARGE COVERAGE

  • 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) $.25 per square foot per annum for each Real Property Asset that is an office or retail property and (ii) $250 per unit for each Real Property Asset that is a multi-family residential 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.

  • 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.

  • Minimum Fixed Charge Coverage Ratio Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Company, to be less than 1.5:1.00.

  • Fixed Charge Coverage Ratio The Borrower shall not permit the Fixed Charge Coverage Ratio to be less than 1.15 to 1.0 at the end of the fiscal quarter ended on June 30, 2008, or at the end of any fiscal quarter ended thereafter.

  • 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 Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.5 to 1.0.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Fixed Charges with respect to the Borrower and Restricted Subsidiaries for any Test Period, the sum, determined on a Consolidated basis, of: a) Consolidated Net Cash Interest Expense (i) with respect to the Borrower and its Restricted Subsidiaries on a Consolidated basis for any period, determined in accordance with GAAP, total interest expense paid or payable in cash in such period (including that attributable to obligations with respect to Capitalized Leases in accordance with GAAP in effect on the Effective Date but excluding any imputed interest as a result of purchase accounting) of the Borrower and its Restricted Subsidiaries on a Consolidated basis and all commissions, discounts and other fees and charges owed with respect to Indebtedness of the Borrower and its Restricted Subsidiaries $ provided that Consolidated Net Cash Interest Expense shall not include (i) any non-cash interest or deferred financing costs, (ii) any amortization or write-down of deferred financing fees, debt issuance costs, discounted liabilities, commissions, fees and expenses, (iii) any expensing of bridge, commitment and other financing fees and (iv) penalties and interest related to taxes (ii) interest income of the Borrower and its Restricted Subsidiaries actually received in cash during such period after giving effect to any net payments made or received by the Borrower and its Restricted Subsidiaries with respect to interest rate Swap Contracts. $ Consolidated Net Cash Interest Expense (iii) item (A)(3)(a)(i) minus item (A)(3)(a)(ii) $ b) Scheduled payments of principal on Indebtedness for borrowed money of the Borrower and Restricted Subsidiaries due and payable during such period $ Fixed Charges c) the sum of item (A)(3)(a)(iii) and item (A)(3)(b) $

  • 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.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

Most Referenced Clauses

Most Referenced Definitions