Total Fixed Charge Coverage Ratio. The Borrower will not permit the Total Fixed Charge Coverage Ratio, as of the end of any Fiscal Quarter to be: (i) less than 1.20:1.00 through and including the second anniversary of the Closing Date and (ii) less than 1.30:1.00 at any time after the second anniversary of the Closing Date.
Total Fixed Charge Coverage Ratio. For each fiscal quarter of the Company, the ratio of (i) the sum of (a) the Consolidated Net Earnings of the Company for the four immediately preceding fiscal quarters of the Company plus (b) the Company’s consolidated interest expense and provision for income taxes, depreciation and amortization for the four immediately preceding fiscal quarters of the Company that were taken into account in determining such Consolidated Net Earnings to (ii) the Company’s consolidated accrued interest expense for the four immediately preceding fiscal quarters to be less than 3.00 to 1.00.”
Total Fixed Charge Coverage Ratio. Borrower shall not permit, the ratio of Operating Cash Flow to Total Fixed Charges to be less than 1.10 through maturity of the Loans, to be tested at the end of each fiscal quarter, calculated on a rolling four quarter basis.
Total Fixed Charge Coverage Ratio. The Borrower will not permit the Total Fixed Charge Coverage Ratio, on a consolidated basis, as of the end of any Fiscal Quarter, prior to the Initial Maturity Date, to be less than 1.20:1.00 (or, if the Hyatt New Orleans Property has re-opened to the general public for twelve (12) months, then not less than 1.25: 1.00) and during the Extension Term, to be less than 1.40:1.00.
Total Fixed Charge Coverage Ratio. Borrower and its Subsidiaries on a consolidated basis shall maintain a Total Fixed Charge Coverage Ratio (i) at the end of the second and third quarter of Borrower's 1998 fiscal year not less than .75:1.00 and (ii) at the end of each subsequent fiscal quarter not less than 1.00:1.00.
Total Fixed Charge Coverage Ratio of Borrower and its Subsidiaries on a Consolidated Basis Cash Flow = $____________ Fixed Charges = $____________ The ratio of Cash Flow to Fixed Charges is ______:1.0 which is not less than ____:1.0 as required by Section 7.02 ---------- * Insert date of most recently completed fiscal quarter
Total Fixed Charge Coverage Ratio. For each fiscal quarter of the Company, the ratio of (i) the sum of (a) the Consolidated Net Earnings of the Company for the four immediately preceding fiscal quarters of the Company plus (b) the Company's consolidated interest expense, and provision for income taxes, depreciation and amortization for the four immediately preceding fiscal quarters of the Company that were taken into account in determining such Consolidated Net Earnings to (ii) the Company's consolidated accrued interest expense for the four immediately preceding fiscal quarters to be less than (x) 2.50 to 1.00 from the Effective Date through December 30, 2002 and (y) 3.25 to 1.00 from December 31, 2002 and at any time thereafter.
Total Fixed Charge Coverage Ratio. For each fiscal quarter of the Company, the ratio of (i) the sum of (a) the Consolidated Net Earnings of the Company for the four immediately preceding fiscal quarters of the Company, plus (b) the Company’s consolidated interest expense and provision for income taxes, depreciation and amortization for the four immediately preceding fiscal quarters of the Company that were taken into account for determining such Consolidated Net Earnings to (ii) the Company’s consolidated accrued interest expense for the four immediately preceding fiscal quarters to be less than the ratio set forth below opposite such fiscal quarter: Four Fiscal Quarters Ending Minimum Ratio Effective Date through December 30, 2002 2.50 to 1.00 December 31, 2002 through December 31, 2003 3.25 to 1.00 March 31, 2004 through December 31, 2004 3.75 to 1.00 March 31, 2005 and thereafter 4.25 to 1.0
Total Fixed Charge Coverage Ratio. The Borrower shall not permit its Total Fixed Charge Coverage Ratio for the twelve month period ending on each March 31st, June 30th, September 30th and December 31st from and after June 30, 2004 to be less than 1.00. “Total Fixed Charge Coverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).”
Total Fixed Charge Coverage Ratio. For any fiscal quarter, the ratio of (i) the sum of (a) the Consolidated Net Earnings of the Company for the four immediately preceding fiscal quarters of the Company plus (b) the Company's consolidated interest expense, excluding any prepayment premiums paid with respect to Funded Debt of the Company prepaid in calendar years 1999 and 2000, and provision for income taxes, depreciation and amortization for the four immediately preceding fiscal quarters of the Company that were taken into account in determining such Consolidated Net Earnings to (ii) the sum of (a) the Company's accrued consolidated interest expense, excluding any prepayment premiums paid with respect to Funded Debt of the Company prepaid in calendar years 1999 and 2000, plus, (b) without duplication, capitalized interest, for the four immediately preceding fiscal quarters, to be less than the Total Fixed Charge Coverage Ratio set forth in the table below for the periods opposite such ratio: Period Fixed Charge Coverage Ratio ------------------------------------------------------------------------------- January 1, 1999 through March 31, 1999 1.75 to 1.00 ------------------------------------------------------------------------------- April 1, 1999 through June 30, 1999 1.75 to 1.00 ------------------------------------------------------------------------------- July 1, 1999 through September 30, 1999 1.75 to 1.00 ------------------------------------------------------------------------------- October 1, 1999 through December 31, 1999 2.00 to 1.00 ------------------------------------------------------------------------------- January 1, 2000 through March 31, 2000 2.25 to 1.00 ------------------------------------------------------------------------------- April 1, 2000 through June 30, 2000 2.25 to 1.00 ------------------------------------------------------------------------------- July 1, 2000 through September 30, 2000 2.50 to 1.00 ------------------------------------------------------------------------------- October 1, 2000 through December 31, 2000 2.50 to 1.00 ------------------------------------------------------------------------------- January 1, 2001 through March 31, 2001 2.75 to 1.00 ------------------------------------------------------------------------------- April 1, 2001 through June 30, 2001 3.00 to 1.00 ------------------------------------------------------------------------------- July 1, 2001 through September 30, 2001 3.25 to 1.00 ------------------------------------------...
