Covenant Fixed Charge Coverage Ratio definition

Covenant Fixed Charge Coverage Ratio the ratio, determined on a consolidated basis for Parent and its Subsidiaries, determined on a trailing 6 month basis, of (a) EBITDA, to (b) Covenant Fixed Charges.
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Covenant Fixed Charge Coverage Ratio means, with respect to any FCC Period, the ratio of (a) Covenant Consolidated EBITDA for such FCC Period minus Covenant Capital Expenditures made during such FCC Period to (b):
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Covenant Fixed Charge Coverage Ratio is amended by (A) adding the word “plus” at the end of clause (b)(y)(iii) thereof and (B) adding, immediately after such clause (b)(y)(iii), the following language:
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Examples of Covenant Fixed Charge Coverage Ratio in a sentence

  • Unless consented to by the Required Lenders, during a Liquidity Event Period, the Borrower shall not permit the Financial Covenant Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of any Test Period (commencing with the Test Period ended on or immediately prior to the commencement of such Liquidity Event Period).

  • Covenant: Fixed Charge Coverage Ratio of less than 1.5 to 1.0 tested quarterly Calculation: Fixed Charge Coverage Ratio of for period ending .

  • Maintain a Covenant Fixed Charge Coverage Ratio of at least 1.20:1.00, determined as of the end of each month, measured on a trailing 6 month basis.

  • Unless consented to by the Required Tranche A Revolving Lenders and Required SISO Term Lenders, during a Liquidity Event Period, the Borrower shall not permit the Financial Covenant Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of the most recently ended Test Period (commencing with the Test Period ended on or immediately prior to the commencement of such Liquidity Event Period).

  • Fixed Charge Coverage Ratio for the Compliance Period: Proportionate EBITDAR = ____________ = ____________________ --------------------- Fixed Charges Covenant: Fixed Charge Coverage Ratio for the Compliance Period must not be less than __________ [insert the relevant ratio set forth in subsection 9.1 of the Credit Agreement].

  • Borrowers shall not permit the Consolidated Financial Covenant Fixed Charge Coverage Ratio for each period of four consecutive quarters beginning September 30, 2015 to be less than 1.0:1.0 tested on the last day of each quarter.

  • Permit its Covenant Fixed Charge Coverage Ratio for the Fiscal Year ending December 31, 2005 and for each period of four consecutive Fiscal Quarters ending thereafter to be less than 1.00 to 1.00.


More Definitions of Covenant Fixed Charge Coverage Ratio

Covenant Fixed Charge Coverage Ratio means, as to any computation period, the ratio of (i) Covenant EBITDA for the computation period to (ii) Fixed Charges for such period, determined as of the last day of such computation period.
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Covenant Fixed Charge Coverage Ratio means, with respect to any FCC Period, the ratio of
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