Cash Coverage Ratio definition
Cash Coverage Ratio for any period, the ratio of (a) Adjusted Borrower Cash as of the last day of such period plus Interest Charges for such period to (b) Fixed Charges for such period, in each case determined on a Trailing Four Quarter Basis.
Cash Coverage Ratio means as of the last day of any period of four consecutive fiscal quarters (the “Measurement Period”), the ratio of:
Cash Coverage Ratio means Cash and Cash Equivalents maintained in an account with the Trustee equal to or exceeding one hundred twenty percent (120%) of the Bond Service Obligation for a period of three (3) months.
Examples of Cash Coverage Ratio in a sentence
While any Bonds remain outstanding, the Company shall maintain a Cash Coverage Ratio equal to at least 120% of the Company’s interest obligations on the Bonds over the next three (3) months.
More Definitions of Cash Coverage Ratio
Cash Coverage Ratio means the ratio of EBITDA to Interest Expense.
Cash Coverage Ratio means the ratio of the Cash and Cash Equivalents maintained by the Company to the aggregate Bond Service Obligations for a period of three (3) months.
Cash Coverage Ratio means, for any Calculation Period, the ratio of (a) (i) Amounts Available for Dividends of RSL-Texas and Safety National, plus (ii) Consolidated Non-Insurance EBITDA; provided that Consolidated Non-Insurance Net Income shall only include the Net Income of any Subsidiary of the Borrower to the extent (and solely to the extent) of the aggregate amount of cash actually distributed or which could have been distributed without restriction by such Subsidiary during such period to the Borrower (including without limitation cash amounts which could have been generated as of the end of the Calculation Period from the liquidation of Investments held during such period by such Subsidiary; provided, that for purposes of this clause (ii) only, such amounts shall be determined without regard to any requirement of prior notice that would have been applicable to the liquidation by the Borrower or any such Subsidiary of any such Investment, so long as, except in the case of the Tersk Investment, such prior notice requirement did not entail a notice period of longer than ninety (90) days), plus (iii) without duplication, cash revenues of the Borrower, and plus (iv) cash interest expense of the Borrower and on the SIG Notes, multiplied by the Borrower's federal marginal income tax rate, less (v) without duplication, unreimbursed cash operating expenses of the Borrower; provided any such reimbursement shall have been made in cash to the Borrower, in each case calculated for the four consecutive Fiscal Quarters immediately preceding the date of calculation, to (b) the cash interest expense on Consolidated Funded Debt of the Borrower and its Non-Insurance Subsidiaries for the next succeeding four consecutive Fiscal Quarters (excluding
Cash Coverage Ratio means the ratio of Cash and Cash Equivalents maintained by the Company to the aggregate Bond Service Obligations until the Company’s Sinking Fund established to reserve funds for the Contingent Interest Payments reaches an amount equal to $625,000.
Cash Coverage Ratio means the ratio of Cash and Cash Equivalents maintained by the Company to the aggregate Bond Service Obligations for a period of three (3) months.
Cash Coverage Ratio. The ratio, determined on a consolidated basis for the Borrower and its Subsidiaries at the end of each fiscal quarter for the period of four consecutive fiscal quarters then ending of:
Cash Coverage Ratio means net cash after operations divided by financing costs plus, current portion of long-term debt excluding this loan plus capital expenditures. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.