Borrower Fixed Charge Coverage Ratio definition

Borrower Fixed Charge Coverage Ratio means, with respect to the Borrower and for any period, the ratio of Cash Flow to Fixed Charges of the Borrower for such period.
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Borrower Fixed Charge Coverage Ratio means, on any date of determination, the ratio of (a) Adjusted Borrower EBITDA for the period of twelve (12) consecutive months then ended, to (b) Fixed Charges, for Borrower, all as determined in accordance with GAAP, consistently applied.
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Borrower Fixed Charge Coverage Ratio means the ratio, determined as of the end of each of fiscal quarter of Borrower for the most-recently ended four fiscal quarters, of (a) Borrower EBITDA, plus Borrower Rental Expense, minus the unfinanced portion of Capital Expenditures of the Borrower minus cash taxes paid, minus dividends and distributions paid in cash, to (b) Borrower Fixed Charges, all calculated for the Borrower in accordance with GAAP.
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Examples of Borrower Fixed Charge Coverage Ratio in a sentence

  • Permit the Borrower Fixed Charge Coverage Ratio for the twelve month period ending on the last day of any quarter commencing with the quarter ending March 30, 2000 to be less than 1.10.

  • Create, incur, assume or suffer to exist any liability for Indebtedness for Borrowed Money if the Borrower Fixed Charge Coverage Ratio for the twelve month period most recently ended would be less than 1.10 assuming such Indebtedness for Borrowed Money was incurred on the first day of such period.

  • Borrower shall maintain a Borrower Fixed Charge Coverage Ratio of at least 1.00 to 1.00 while a Financial Covenant Trigger Period is in effect, measured on the last day of each quarter as of the most recent period for which financial statements were delivered hereunder prior to the Financial Covenant Trigger Period and each period ending thereafter until the Financial Covenant Trigger Period is no longer in effect.

  • Create, incur, assume or suffer to exist any liability for Indebtedness for Borrowed Money if the Borrower Fixed Charge Coverage Ratio for the twelve month period most recently ended would be less than 1.20 assuming such Indebtedness for Borrowed Money was incurred on the first day of such period.

  • As of the last day of each fiscal quarter of the Borrower, the Borrower Fixed Charge Coverage Ratio will not be less than 1.05:1.

  • Fixed Charge Coverage Ratio of less than 1.50 to 1.0 tested quarterly Calculation: Fixed Charge Coverage Ratio = Net Income of the Bank / Fixed Charges of Borrower Fixed Charge Coverage Ratio of______ for the 12 month period ending_________________.

  • Create, incur, assume or suffer to exist any liability for Indebtedness for Borrowed Money if the Adjusted Borrower Fixed Charge Coverage Ratio for the twelve month period most recently ended would be less than 1.10 assuming such Indebtedness for Borrowed Money was incurred on the first day of such period.


More Definitions of Borrower Fixed Charge Coverage Ratio

Borrower Fixed Charge Coverage Ratio. As of any fiscal quarter end during the applicable period set forth below, permit the ratio of (i) EBITDA thereof for the six-month period ending on such fiscal quarter end times two (2) to (ii) Borrower Fixed Charges for the period of four (4) consecutive fiscal quarters ending on such fiscal quarter end to be less than the corresponding ratio set forth below: ------------------------------------------------------------------------- Period Ratio ------------------------------------------------------------------------- Stage 2 Effective Date through 06/30/2003 0.50 to 1.00 07/01/2003 through 09/30/2003 0.85 to 1.00 10/01/2003 through 12/31/2003 1.00 to 1.00 1/01/2004 and thereafter 1.10 to 1.00 --------------------------------------------------------------------------
Sample 1
Borrower Fixed Charge Coverage Ratio means, at any date, the ratio of (a) the sum of distributions to the Borrower from Subsidiaries plus payments to the Borrower from tax- sharing arrangements plus management fees paid to the Borrower plus all other cash income of the Borrower, all calculated for the four consecutive Fiscal Quarters most recently ended on or prior to such date to (b) cash operating expenses of the Borrower (other than any non-recurring expenses incurred in connection with the fees paid or payable by the Borrower to the Administrative Agent and the Lenders in connection with this Agreement and the other Loan Documents on or prior to the Effective Date) for such period including, but not limited to, rental expense, selling, general and administrative expense, interest expense, cash tax payments and cash payments made for scheduled amortization of long term Indebtedness of the Borrower during such period, all calculated on a cash receipts and disbursements basis.
Sample 1
Borrower Fixed Charge Coverage Ratio means, at any date, the ratio of (i) the sum of distributions to the Borrower from Subsidiaries plus payments to the Borrower from tax-sharing arrangements plus management fees paid to the Borrower plus all other cash income of the Borrower, all calculated for the four consecutive fiscal quarters most recently ended on or prior to such date or, if four fiscal quarters have not elapsed since the IPO Closing Date, for the period from January 1, 1997 to such date to (ii) cash operating expenses of the Borrower (other than any nonrecurring expenses incurred in connection with the IPO and the transactions contemplated thereby and the fees paid or payable by the Borrower to the Agents and the Banks in connection with this Agreement and the other Loan Documents on or prior to the Effective Date) for such period including, but not limited to, rental expense, selling, general and administrative expense, interest expense, cash tax payments and cash payments made for scheduled amortization of long term Debt of the Borrower during such period, all calculated on a cash receipts and disbursements basis.
Sample 1
Borrower Fixed Charge Coverage Ratio for any period, the ratio of (i) the Cash Flow of Borrower for such period less, to the extent capitalized, all Non-Financed Capital Expenditures of Borrower and its Subsidiaries for such period to (ii) Borrower Fixed Charges for such period.
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Borrower Fixed Charge Coverage Ratio. For ________________________ ended on _________________________________ (Indicate fiscal period) (Indicate date of financial statements) Guarantor Fixed Charge Coverage Ratio For ________________________ ended on _________________________________ (Indicate fiscal period) (Indicate date of financial statements) EXHIBIT 2.2.1
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Borrower Fixed Charge Coverage Ratio the ratio, determined on a consolidated basis for Borrowers for the most recent 12 months, of (a) EBITDA minus Capital Expenditures paid in cash and cash taxes paid, to (b)
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Related to Borrower Fixed Charge Coverage Ratio

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any four-quarter reference period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases or redeems any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the applicable four-quarter reference period and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, guarantee, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of such period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

  • Consolidated Fixed Charge Coverage Ratio means, with respect to any Person, the ratio of Consolidated EBITDA of such Person during the four full fiscal quarters (the “Four-Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio for which internal financial statements are available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the Four-Quarter Period. In addition to, and without limitation of, the foregoing, for purposes of this definition, “Consolidated EBITDA” and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the period of such calculation to (i) the incurrence or repayment of any Indebtedness or the issuance of any Designated Preferred Stock of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the need to make such calculation and any incurrence or repayment of other Indebtedness or the issuance or redemption of other Preferred Stock (and the application of the proceeds thereof), other than the incurrence or repayment of Indebtedness in the ordinary course of business for working capital purposes pursuant to revolving credit facilities, occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such incurrence or repayment or issuance or redemption, as the case may be (and the application of the proceeds thereof), had occurred on the first day of the Four-Quarter Period; and (ii) any Asset Sales or other dispositions or Asset Acquisitions (including any Asset Acquisition giving rise to the need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being liable for Acquired Indebtedness and also including any Consolidated EBITDA attributable to the assets which are the subject of the Asset Acquisition or Asset Sale or other disposition and without regard to clause (vi) of the definition of Consolidated Net Income), investments, mergers, consolidations and disposed operations (as determined in accordance with GAAP) occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such Asset Sale or other disposition or Asset Acquisition (including the incurrence or assumption of any such Acquired Indebtedness), investment, merger, consolidation or disposed operation, occurred on the first day of the Four-Quarter Period. If such Person or any of its Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had directly incurred or otherwise assumed such other Indebtedness that was so guaranteed.

  • Interest Coverage Ratio means, as of the end of each fiscal quarter, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the then-most recently concluded period of four consecutive fiscal quarters.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Asset Coverage Ratio means, on a consolidated basis for Borrower and its Subsidiaries, the ratio which the value of total assets, less all liabilities and indebtedness not represented by Senior Securities, bears to the aggregate amount of Senior Securities representing indebtedness of the Borrower and its Subsidiaries (all as determined pursuant to the Investment Company Act and any orders of the SEC issued to the Borrower thereunder). For clarity, the calculation of the Asset Coverage Ratio shall be made in accordance with any exemptive order issued by the Securities and Exchange Commission under Section 6(c) of the Investment Company Act relating to the exclusion of any Indebtedness of any SBIC Subsidiary from the definition of Senior Securities only so long as (a) such order is in effect, and (b) no obligations have become due and owing pursuant to the terms of any Permitted SBIC Guarantee.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed four fiscal quarters.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Total Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Leverage Ratio means, on any date, the ratio of Total Debt on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such date.

  • Consolidated Secured Leverage Ratio means, as of any date of determination the ratio of (a) Consolidated Secured Indebtedness to (b) the aggregate amount of EBITDA for the Issuer’s most recently ended four full fiscal quarters for which internal financial statements are available, in each case with such pro forma adjustments to Consolidated Secured Indebtedness and EBITDA as are consistent with the pro forma adjustment provisions set forth in the definition of “Consolidated Coverage Ratio”.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Indebtedness as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.