Corporate Fixed Charge Coverage Ratio definition
Corporate Fixed Charge Coverage Ratio means with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to the period of determination, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses).
Corporate Fixed Charge Coverage Ratio has the meaning set forth in Section 6.J.
Corporate Fixed Charge Coverage Ratio means with respect to the twelve month period of time immediately preceding the end of each fiscal quarter of Guarantor and Parent (each, a "12 Month Period"), the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense. Notwithstanding the foregoing to the contrary, a transfer of capital stock by: (i) Xxxxx Xxxxxxx to a family trust or other estate planning entity controlled by Xxxxx Xxxxxxx and in which Xxxxx Xxxxxxx'x family members are beneficiaries, (ii) the estate of Xxxxx Xxxxxxx to family members, a family trust or other family-owned estate planning entity or (iii) transfers by family members, a family trust or other family-owned estate planning entity among themselves, shall not be deemed an Excess Threshold Transfer and such capital stock held by a family member, in a family trust or another family-owned estate planning entity controlled by Xxxxx Xxxxxxx and in which Xxxxx Xxxxxxx'x family members are beneficiaries shall be deemed to be owned by Xxxxx Xxxxxxx for purposes of this Section 26.D. For purposes of this Section 26.D, the following terms shall be defined as set forth below:
Examples of Corporate Fixed Charge Coverage Ratio in a sentence
Borrower shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1, determined as of the last day of each fiscal year of Borrower.
Notwithstanding the foregoing, in the event that Lessee is unable to satisfy the Net Worth Condition, the Corporate Fixed Charge Coverage Ratio Condition and/or the Rating Agency Condition, such conditions shall be deemed satisfied if Lessee shall (1) pay to Lessor the Subject Transfer Rent Prepayment Amount (as hereinafter defined), and (2) pay to Lessor the Prepayment Charges payable by Lessor to Lender as a result of the payment of the Subject Transfer Rent Prepayment Amount.
Lessee shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1 for each of its fiscal years during the Lease Term.
Regardless of when an Excess Threshold Transfer occurs, from and after the occurrence of an Excess Threshold Transfer, Lessee shall cause Guarantor and Parent to maintain a "Corporate Fixed Charge Coverage Ratio" (as defined below) of not less than 1.20 to 1.
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More Definitions of Corporate Fixed Charge Coverage Ratio
Corporate Fixed Charge Coverage Ratio means with respect to Guarantor or Lessee, the "Corporate Fixed Charge Coverage Ratio" as defined in Section 24.A(xii) or Section 59, respectively.
Corporate Fixed Charge Coverage Ratio as defined in Section 24.A(xii) or Section 59, respectively.
Corporate Fixed Charge Coverage Ratio means with respect to that fiscal year, the ratio calculated for such fiscal year, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to that fiscal year, to (b) the sum of, without duplication, Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio means with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of net income, depreciation and amortization, interest expense, income taxes, and operating lease expense, plus or minus other non-cash adjustments or non-recurring items (as allowed by GEFF), plus or minus changes in officer or shareholders loans and dividends or distributions not otherwise expensed on the Borrower's income statement to (b) the sum of operating lease expense, principal payments of long term debt, maturities of all capital leases and interest expense (excluding non-cash interest expense and amortization of non-cash financing expenses).
Corporate Fixed Charge Coverage Ratio means with respect to each such fiscal year, the ratio calculated for such fiscal SCS Finance I, L.P. year, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to the period of determination, to (b) the sum of, without duplication, Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses) for such fiscal year. For purposes of this Subitem (xii), the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio means with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Parent Company's Net Income, plus Interest Expense, plus Depreciation and Amortization expense, plus Operating Lease Expense, plus or minus other non-cash adjustments to Net Income (if any), less increases in officer or shareholder loans receivable, less dividends or distributions not otherwise expensed on the Borrower's income statement divided by the sum of Parent Company's aggregate Debt service (i.e. principal and interest) plus Capital Lease payments, plus Operating Lease expense paid in the applicable fiscal year. For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio means with respect to the twelve month period of time immediately preceding the date of determination (the first such period being the first full fiscal year of Borrower after the date hereof), the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to the period of determination, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below: