Total Debt Service Coverage Sample Clauses

Total Debt Service Coverage. The Company will not permit the ratio of (i) Consolidated Operating Cash Flow for any period of four consecutive fiscal quarters, as measured on the last day of each fiscal quarter (the “Computation Date”) to (ii) Consolidated Total Debt Service for the period of four consecutive fiscal quarters ending on the Computation Date (the “Debt Coverage Ratio”), to be less than 1.00:1.00
Sample 1
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Total Debt Service Coverage. The ratio of Operating Cash Flow for any period described below to the sum of the aggregate amount of Total Interest Expense (plus capitalized interest in connection with Capital Expenditures, but excluding therefrom any amortization of bond discount in connection with the Senior Subordinated Debentures) PLUS principal of Indebtedness for Money Borrowed paid (or payable as regularly scheduled principal repayments thereof) by the Borrower and its Consolidated Subsidiaries during the same period, other than principal amounts of any "Term Loan" (as defined in the Existing Credit Agreement or the Second Amended and Restated Revolving Credit and Security Agreement dated as of March 15, 1993, as amended ) paid by the Borrower and its Consolidated Subsidiaries during the same period, to be less than: (i) 1.40 to 1 for any period of four consecutive fiscal quarters ending after the Effective Date and on or before March 31, 1996; (ii) 1.45 to 1 for any period of four consecutive fiscal quarters ending after March 31, 1996 and on or before March 31, 1997; (iii) 1.55 to 1 for any period of four consecutive fiscal quarters ending after March 31, 1997 and on or before March 31, 1999; (iv) 1.45 to 1 for any period of four consecutive fiscal quarters ending after March 31, 1999 and on or before March 31, 2000; and (v) 1.40 to 1 for any period of four consecutive fiscal quarters ending after March 31, 2000.
Sample 1
Total Debt Service Coverage. As of the last day of the fiscal year ending December 31, 2014, the Total Debt Service Coverage Ratio shall not be less than 0.80:1.00 and as of the last day of the fiscal year ending December 31, 2015, the Total Debt Service Coverage Ratio shall not be less than 1.70:1.00.
Sample 1
Total Debt Service Coverage. Commencing with the quarter ending ------------------------------ December 31, 2003, a Total Debt Service Coverage of not less than 1.0 to 1.0.
Sample 1
Total Debt Service Coverage is hereby amended to delete the words and phrases herein contained and insert the following in lieu thereof:
Sample 1
Total Debt Service Coverage. Borrower shall maintain Total Debt Service Coverage of not less than 1.0 to 1.0."
Sample 1
Total Debt Service Coverage. Parent shall maintain a minimum ratio of its Adjusted EBITDA to Total Debt Service throughout the term of the Loan (the "Total Debt Service Coverage Covenant"). The foregoing covenant shall be tested quarterly, simultaneously with the delivery of Parent's financial information required by Section 7.01(a)(i) hereof, commencing July 31, 2011. Each of the tests conducted for the periods ended July 31, 2011, October 31, 2011, and January 31, 2012 shall cover the period from May 1, 2011 through the end of the relevant quarter. Commencing with the test for the period ended April 30, 2012, and thereafter throughout the term of the Loan, the foregoing covenant shall be tested quarterly, on a trailing 12-month basis. Parent shall maintain a minimum ratio of its Adjusted EBITDA to Total Debt Service as required by the following table for the test periods indicated: July 31, 2011 0.75:1 October 31, 2011 0.80:1 January 31, 2012 0.85:1 April 30, 2012 0.90:1 July 31, 2012 0.95:1 October 31, 2012 1.00:1 January 31, 2013 1.05:1 April 30, 2013 1.10:1 All subsequent quarters 1.10:1 In the event that, as of any given test date, Parent has failed to maintain the required total debt service coverage ratio by an amount less than $100,000 (determined as set forth below), no Event of Default under this Section 7.03(b) shall exist until after the next quarterly test period and if, following the next quarterly test period, Parent continues to be out of compliance with the Total Debt Service Coverage Covenant, then an Event of Default shall immediately exist. If Parent is out of compliance with the Total Debt Service Coverage Covenant by an amount more than $100,000, then such failure shall constitute an immediate Event of Default upon the first occurrence of non-compliance. The extent to which Parent is out of compliance with the Total Debt Service Coverage Covenant (i.e., more or less than $100,000) will equal the amount that would have to be subtracted from Total Debt Service (i.e., the denominator in the ratio) for the period in question to bring the ratio into compliance.
Sample 1
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Total Debt Service Coverage. On the last day of each fiscal quarter of the Borrower, the ratio of Operating Cash Flow to Total Debt Service for the period of the four (4) consecutive quarters of Borrower then ending (including, to the extent necessary, fiscal quarters that shall have ended prior to the date hereof) shall not be less than 1.75:1.0.
Sample 1
Total Debt Service Coverage. Paragraph 22 of the Addendum to the Loan Agreement is hereby further amended to provide that, so long as any of the Obligations remain outstanding and the Loan Agreement is in effect, Borrower shall maintain its ratio of Operating Cash Flow to Total Contractual Debt Service, measured as of the end of each calendar month set forth in the table below (on a rolling twelve-month basis), of not less than the amount set forth opposite such month: Test Date Total Debt Service Ratio April 30, 1998 1.40 to 1.0 July 31, 1998 1.00 to 1.0 October 31, 1998 1.00 to 1.0 January 31, 1999 1.15 to 1.0 Thereafter 1.40 to 1.0 3. Effect as an Amendment. Other than as specifically set forth in this Amendment, the remaining terms of the Loan Agreement and the other Loan Documents shall remain in full force and effect and shall remain unaffected and unchanged except as specifically amended hereby. In the event of any conflict between the terms and conditions of this Amendment and any of the other Loan Documents, the provisions of this Amendment shall control. Each reference to in the Loan Agreement to "this Agreement" shall be deemed to refer to the Loan Agreement as amended through and including the Eleventh Amendment, and each reference in any other Loan Document to the Loan Agreement as amended through and including the Eleventh Amendment.
Sample 1

Related to Total Debt Service Coverage

  • Debt Service Coverage The Company will not, and will not permit any Subsidiary to, incur any Debt (including, without limitation, Acquired Debt) other than Intercompany Debt, if the ratio of Consolidated Income Available for Debt Service to the Annual Debt Service Charge for the period consisting of the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to be incurred is less than 1.5 to 1.0, on a pro forma basis after giving effect to the incurrence of such Debt and the application of the proceeds therefrom, and calculated on the assumption that (i) such Debt and any other Debt (including, without limitation, Acquired Debt) incurred by the Company or any of its Subsidiaries since the first day of such four-quarter period and the application of the proceeds therefrom (including to refinance other Debt since the first day of such four-quarter period) had occurred on the first day of such period, (ii) the repayment or retirement of any other Debt of the Company or any of its Subsidiaries since the first day of such four-quarter period had occurred on the first day of such period (except that, in making such computation, the amount of Debt under any revolving credit facility, line of credit or similar facility shall be computed based upon the average daily balance of such Debt during such period), and (iii) in the case of any acquisition or disposition by the Company or any Subsidiary of any asset or group of assets since the first day of such four-quarter period, including, without limitation, by merger, stock purchase or sale, or asset purchase or sale or otherwise, such acquisition or disposition had occurred on the first day of such period with the appropriate adjustments with respect to such acquisition or disposition being included in such pro forma calculation. If the Debt giving rise to the need to make the foregoing calculation or any other Debt incurred after the first day of the relevant four-quarter period bears interest at a floating rate then, for purposes of calculating the Annual Debt Service Charge, the interest rate on such Debt shall be computed on a pro forma basis as if the average interest rate which would have been in effect during the entire such four-quarter period had been the applicable rate for the entire such period.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Minimum Debt Service Coverage Ratio as at the end of each Fiscal Quarter, the Debt Service Coverage Ratio shall not be less than 1.20 to 1.00; and

  • 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.

  • Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

  • 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.

  • 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.

  • 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.

  • 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.

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