Cash Flow Coverage means the ratio of Cash Flow to the sum of (i) the current portion of all Long Term Debt as specified in the financial statement dated twelve (12) months prior, plus (ii) Interest Expense, all determined in accordance with G.A.A.P
Cash Flow Coverage means the ratio of (i) the Borrower’s consolidated Net Income after dividends plus Borrower’s unconsolidated interest expense for the preceding four fiscal quarters, to (ii) the scheduled principal and interest payments on the Borrower’s unconsolidated debt (including Trust Preferred) for the preceding four fiscal quarters, all as determined in accordance with GAAP.
Cash Flow Coverage for any period, the ratio of (a) Consolidated ------------------ EBITDA less Capital Expenditures, divided by (b) (i) Interest Expenses plus (ii) dividends paid on any class of the Company's Capital Stock in each case determined for such period.
Examples of Cash Flow Coverage in a sentence
The Borrower shall maintain at all times a Cash Flow Coverage of not less than one hundred twenty five percent (125%), calculated at the end of each fiscal quarter (using a rolling four quarters of Net Income).
Maintain, as of the last day of each fiscal quarter, a Quarterly Rolling Cash Flow Coverage Ratio of not less than 1.25 to 1.0. Lender may determine compliance with this Quarterly Cash Flow Coverage Ratio covenant at any time.
To maintain a Cash Flow Coverage Ratio of not less than 2:1 in each quarter.
Maintain a Cash Flow Coverage Ratio as of the last day of each of its fiscal quarters of not less than 3.25 to 1.
Section 7.1 of the Loan Agreement is deleted in its entirety and the following is inserted in lieu thereof: Each Equipment Growth Fund shall maintain an Operating Cash Flow Coverage Ratio of not less than 1.25:1.00.
More Definitions of Cash Flow Coverage
Cash Flow Coverage. For any period, calculated as of the last day of the period, the ratio of Cash Flow attributable to such period to total Rent payable for such period under the Lease.
Cash Flow Coverage. Debtor shall maintain, for the period of determination indicated below, a ratio with: (i) the Net Profit After Taxes, plus depreciation and amortization expense, less distributions to holders of equity interests, all for the prior twelve fiscal months as the numerator; and (ii) the sum of the regular contractually scheduled principal payments of any long term debt due over the next twelve fiscal months as the denominator. Ratio Time Period
Cash Flow Coverage means, at any date as of which the amount ------------------ thereof shall be determined and for the period specified, the quotient obtained by dividing the total of: (i) consolidated earnings before income taxes for -------- such period, excluding any nonrecurring or extraordinary items, plus (ii) ---- consolidated depreciation and amortization expenses for such period, plus (iii) ---- consolidated interest expense (including imputed interest on capital lease obligations) (collectively, "Interest Expense") minus (iv) capital expenditures ---------------- ----- minus cash taxes minus dividends and distributions; by the total of (i) Interest ----- ----- -- Expense for such period plus (ii) current maturities of long-term Indebtedness ---- for such period.
Cash Flow Coverage means, for the applicable measurement period, EBITDA plus the proceeds from the issuance of membership, capital, distribution or other equity interests ("EQUITY INTERESTS") or Debt for borrowed money issued by Maker after the date hereof (other than in connection with the financing of the Acquisition or any refinancing or modification thereof) subordinated to this Note (in form satisfactory to Payee) (including any amendments, modifications or replacements hereof), compared to (i) for the measurement periods ending through and including December 31, 2002, interest, principal and tax payments due and/or paid plus cash required to fund repurchases of Equity Interests and (ii) for measurement periods ending thereafter, interest, principal and tax payments due and/or paid plus Capital Expenditures to the extent not funded by Debt for borrowed money plus cash required to fund repurchases of Equity Interests.
Cash Flow Coverage means for any fiscal quarter (i) during calendar year 2009, the product of (A) cumulative EBITDA on a year to date basis as of the end of such fiscal quarter over (B) all scheduled payments of principal and interest on a year to date basis (excluding non-cash capitalized interest) as of the end of such fiscal quarter and (ii) during calendar year 2010 and thereafter, the product of trailing twelve (12) month EBITDA as of the end of such fiscal quarter over all scheduled payments of principal and interest on a trailing twelve (12) month basis (excluding non-cash capitalized interest) as of the end of such fiscal quarter; provided, however, that the paydown of principal of the Revolving Loan in connection with the Second Omnibus Amendment, dated as of March 13, 2009, shall not be counted for purposes of clauses (i)(B) or (ii)(B) above.
Cash Flow Coverage means, as of any applicable date of determination, (i) EBITDA, divided by (ii) current maturities of bank long term debt, plus interest expense (including interest owed to Lender and former owners), plus lease payments for Leased Equipment.
Cash Flow Coverage. So long as any principal, interest and premiums related to any Advances and any fees hereunder shall remain unpaid or any Lender shall have any Commitment hereunder, the Parent Guarantor will maintain, for each Measurement Period (as defined below) most recently ended, a Cash Flow Coverage Ratio of not less than the amount specified below for such period (it being understood that this Section 5.03(b) shall not apply to any Measurement Period ending on any date from (and including) June 30, 2008 through March 31, 2009): Measurement Period Ending Cash Flow Coverage Ratio June 30, 2009 0.90:1.00 September 30, 2009 0.95:1.00 December 31, 2009 1.00:1.00 March 31, 2010 1.05:1.00 June 30, 2010 1.10:1.00 September 30, 2010 1.15:1.00