Coverage Ratio definition

Coverage Ratio. As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1

Coverage Ratio means, on any Quarterly Measurement Date, the ratio computed by dividing (a) EBITDA for the portion of the calendar year ending on such Quarterly Measurement Date by (b) Interest Expense for such portion of the calendar year.

Coverage Ratio means the number one and four tenths (1.4).

Examples of Coverage Ratio in a sentence

• For the avoidance of doubt, the Interest Coverage Ratio shall only apply with respect to the Revolving Credit Facility.

• For avoidance of doubt, no Debt Service Coverage Ratio test shall apply following the consummation of a Qualified IPO.

• Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any Fiscal Quarter ending on or after the Closing Date to be less than 1.20 to 1.0. 7.12 Amendments of Organization Documents; Changes in Fiscal Year, Legal Name, State of Organization, or Form of Entity; Accounting Changes.

• The Borrower will maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2012, a Coverage Ratio of not less than 1.75 to 1.

• Except with the written consent of the Required Revolving Credit Lenders, Parent Borrower will not permit the Interest Coverage Ratio of Parent Borrower and its Restricted Subsidiaries on a consolidated basis as of the last day of a Test Period (commencing with the Test Period ending on or about June 30, 2020) to be less than 3.00:1.00 (the “Interest Coverage Ratio Financial Covenant” and, together with the Leverage Ratio Financial Covenant, the “Financial Covenants” and each a “Financial Covenant”).

More Definitions of Coverage Ratio

Coverage Ratio means, at any time of determination thereof, the ratio of (A) the Aggregate Value of Xxxxxx Shares plus 1.5 times the value of the Cash Collateral Account, to (B) the Adjusted Aggregate Loan Exposure, in each case at such time.

Coverage Ratio means, as of the date of any determination, the ratio of (a) Consolidated EBIT for the Borrower's four most recently ended fiscal quarters to (b) Consolidated Interest Expense (excluding from the computation thereof interest costs of the Borrower and its Subsidiaries in respect of the principal amount of all Qualified Subordinated Debt that is Affiliate Indebtedness) for such fiscal quarters.

Coverage Ratio is the ratio of [i] Cash Flow for each applicable period; to [ii] the Rent payments due pursuant to this Lease and all other debt service and lease payments relating to the Leased Property for the applicable period.

Coverage Ratio means, as of any interest payment date on which a 90-Day LIBOR Rate is to be determined, 100% multiplied by a fraction, the numerator of which is the aggregate spread between exercise prices and closing market prices (as quoted on the principal stock exchange for a particular security) as of the date for which the Coverage Ratio is determined for all of the Borrower's Stock Options and the denominator of which is the unpaid principal balance and interest due but unpaid, as of the close of business on any interest payment

Coverage Ratio means, on any date, the ratio of (a) EBITDA for the four most recently completed consecutive fiscal quarters to (b) Consolidated Cash Interest Expense for such period.

Coverage Ratio means, as of any date, the ratio of (i) for the four fiscal quarter period for which the Company’s annual or quarterly Financial Statements have been most recently required to have been delivered pursuant to Section 6.10(a) and Section 6.10(b), the Company’s and its Subsidiaries’ consolidated Adjusted Pre-Tax Income, plus Aircraft Rentals, plus consolidated Net Interest Expense, and depreciation and amortization, and minus cash dividends paid by the Company, to (ii) the Company’s and its Subsidiaries’ consolidated Net Interest Expense and Aircraft Rentals for such four-quarter period.

Coverage Ratio means 150%.