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.
Appears in 3 contracts
Samples: Credit Agreement (Strategic Hotels & Resorts, Inc), Credit Agreement (Strategic Hotels & Resorts, Inc), Credit Agreement (Strategic Hotels & Resorts, Inc)
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 to be: (i) be 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 Date1.50:1.00.
Appears in 1 contract