Consolidated Fixed Charges Coverage Ratio means, as of any date of determination, the ratio of:
Consolidated Fixed Charges Coverage Ratio means, as of any date of determination, the ratio of (i) Consolidated Adjusted EBITDA for the period of the four fiscal quarters most recently ended to (ii) Consolidated Fixed Charges for the period of the four fiscal quarters most recently ended.
Consolidated Fixed Charges Coverage Ratio means, at any date, for the Fiscal Quarter most recently ended and the immediately preceding 3 Fiscal Quarters, the ratio of: (i) Consolidated Income Available for Debt Service; to (ii) Consolidated Fixed Charges.
Examples of Consolidated Fixed Charges Coverage Ratio in a sentence
Consolidated Fixed Charges for those four fiscal quarters; provided , however , that the Consolidated Fixed Charges Coverage Ratio shall be calculated on a Pro Forma Basis.
As used in this Section 10.3, the terms "Consolidated Tangible Net Worth," "Net Cash Proceeds," "Capital Stock" and "Consolidated Net Income" have the meanings specified in Schedule 10.3. 10.4 Pro Forma Consolidated Fixed Charges Coverage Ratio.
The Company will not, at the end of any fiscal quarter of the Company, permit the Pro Forma Consolidated Fixed Charges Coverage Ratio in respect of the 12-month period then ended to be less than 3.00 to 1.00.
More Definitions of Consolidated Fixed Charges Coverage Ratio
Consolidated Fixed Charges Coverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated EBITDA for such Test Period to (b) Consolidated Fixed Charges for such Test Period; provided, however, that if:
Consolidated Fixed Charges Coverage Ratio for any period shall mean the ratio of the Consolidated Adjusted EBIT for such period to the Consolidated Fixed Charges for such period.
Consolidated Fixed Charges Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four (4) Fiscal Quarters most recently ended less the sum of (i) eighty-five percent (85%) of Capital Expenditures made in such period and (ii) taxes, along with any Tax Distributions, paid in cash for such period, to (b) Consolidated Fixed Charges for such period.
Consolidated Fixed Charges Coverage Ratio means, with respect to a Transaction Date (hereinafter defined), the ratio of (x) EBITDA for the full fiscal quarter immediately preceding the date of the transaction (the "TRANSACTION DATE") giving rise to the need to calculate the Consolidated Fixed Charges Coverage Ratio (such full fiscal quarter period being referred to herein as the "PRIOR QUARTER") to (y) the amount of Consolidated Fixed Charges for the Prior Quarter. In addition to and without limitation of the foregoing, for purposes of this definition, "EBITDA" and "CONSOLIDATED FIXED CHARGES" shall be calculated after giving effect on a PRO FORMA basis for the period of such calculation to, without duplication, the incurrence of any Indebtedness of TLGI or any of its Subsidiaries (and the application of the net proceeds thereof) during the period commencing on the first day of the Prior Quarter to and including the Transaction Date (the "REFERENCE PERIOD"), including, without limitation, the incurrence of the Indebtedness giving rise to the need to make such calculation (and the application of the net proceeds thereof), as if such incurrence (and application) occurred on the first day of the Reference Period. Furthermore, in calculating "CONSOLIDATED FIXED CHARGES" for purposes of determining the denominator (but not the numerator) of "CONSOLIDATED FIXED CHARGES COVERAGE RATIO", (i) interest on outstanding Indebtedness determined on a fluctuating basis as at the Transaction Date and which will continue to be so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Indebtedness in effect on the Transaction Date; and (ii) interest on any Indebtedness which is actually incurred on the Transaction Date and which may optionally be determined at an interest rate based upon a factor of a prime, base, reference or similar rate, a eurocurrency interbank offered rate, or other rates, shall be deemed to have been in effect during the Reference Period at the interest rate in effect on the Transaction Date. If TLGI or any of its Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, this definition shall give effect to the incurrence of such guaranteed Indebtedness as if TLGI or such Subsidiary had directly incurred or otherwise assumed such guaranteed Indebtedness.
Consolidated Fixed Charges Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four (4) Fiscal Quarters ended on such date less Capital Expenditures made in such period to (b) Consolidated Fixed Charges for the period of four (4) Fiscal Quarters ended on such date; provided, however, that such calculation as of the Fiscal Quarter ending June 30, 2008 shall be for the most recent fiscal quarterly period ending on such date on a cumulative, annualized basis; such calculation as of the Fiscal Quarter ending September 30, 2008 shall be for the two (2) most recent fiscal quarterly periods ending on such date on a cumulative, annualized basis; and such calculation as of the Fiscal Quarter ending December 31, 2008 shall be for the three (3) most recent fiscal quarterly periods ending on such date on a cumulative, annualized basis.
Consolidated Fixed Charges Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the four Fiscal Quarters most recently completed prior to such date less Capital Expenditures in such period to (b) Consolidated Fixed Charges for such period, provided, that for purposes of calculating the Consolidated Fixed Charges Coverage Ratio for (i) the four Fiscal Quarter period ending March 31, 2008, each component of Consolidated Fixed Charges shall be the respective amount for the Fiscal Quarter ending Xxxxx 00, 0000 xxxxxxxxxx xx xxxx (0), (xx) the four Fiscal Quarter period ending June 30, 2008, each component of Consolidated Fixed Charges shall be the respective amount for the two Fiscal Quarter period ending June 30, 2008 multiplied by two (2) and (iii) the four Fiscal Quarter period ending September 30, 2008, each component of Consolidated Fixed Charges shall be the respective amount for the three Fiscal Quarter period ending September 30, 2008 multiplied by four-thirds (4/3).
Consolidated Fixed Charges Coverage Ratio for any period shall mean the ratio of the Consolidated Adjusted EBITDAR (less any cash dividend paid on the Borrower's common stock) for such period to the Consolidated Fixed Charges for such period.