STORE FIXED CHARGE COVERAGE Sample Clauses

STORE FIXED CHARGE COVERAGE. Borrower shall demonstrate to the satisfaction of FINOVA that the ratio of the combined Store Cash Flow of the Initial Stores for the twelve month period ending closest to September 30, 1999 to the sum of the combined Store Fixed Charges of the Initial Stores for such twelve month period plus the projected FINOVA Debt Service on the Principal Balance for the first Loan Year is not less than 1.25:1.00.
Sample 1
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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 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 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 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) $.30 per square foot per annum for each Real Property Asset that is an office property and (ii) $.15 per square foot per annum for each Real Property Asset that is an industrial 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 As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

  • 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 The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • 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 the sum of (i) interest expense (other than payment-in-kind or amortization of fees and costs), (ii) all scheduled principal payments (as such may have been reduced by prior prepayments) and all voluntary prepayments made on Borrowed Money (other than any Refinancing Debt in respect thereof), and (iii) cash Distributions made by the Company. FLSA: the Fair Labor Standards Act of 1938, as amended from time to time.

  • 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 (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

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