EBITDAR Coverage Ratio definition

EBITDAR Coverage Ratio means the ratio of (a) Borrower's earnings ---------------------- before interest, taxes, depreciation, amortization and rentals to (b) the sum of Borrower's interest, rentals and current maturities of long term debt; all determined on a rolling four fiscal quarter basis in accordance with generally accepted accounting principles consistently applied.
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EBITDAR Coverage Ratio has the meaning set forth in Section 4.9(b).
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EBITDAR Coverage Ratio is amended by deleting “all as determined on a trailing 12-month basis in accordance with GAAP” and substituting in its place the following: “all as determined in accordance with GAAP (a) for the period beginning the Calculation Start Date through and including the Calculation Start Date Anniversary on an annualized basis and (b) thereafter on a trailing 12-month basis. Notwithstanding anything to the contrary in this Agreement, any debt of Borrower owed to a unit holder of Borrower with respect to the Xxx Subordinated Debt, the New Xxx Subordinated Debt, or the New FEL Subordinated Debt (except interest paid on the New FEL Subordinated Debt revolving line of credit shall be included) shall not be taken into account when calculating this ratio”.
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Examples of EBITDAR Coverage Ratio in a sentence

  • Financial covenants require the Company, on a combined basis with its guarantors, to maintain (i) an EBITDAR Coverage Ratio (as defined in the Credit Agreement) of not less than 1.25:1.0 as of each quarter end, determined on a rolling four-quarter basis, and (ii) total funded debt to EBITDA not greater than 2.0:1.0 as of each quarter end, determined on a rolling four-quarter basis, and also limits investments in foreign entities and certain other loans.

  • Borrower’s EBITDAR Coverage Ratio shall at all times equal or exceed 1.40 to 1.00 except, in the event that the Texas Fuel Ethanol and Biodiesel Production Incentive Program is terminated, then (i) for the fiscal quarter during which such termination occurred and the next succeeding two fiscal quarters thereafter, 1.30 to 1.00 and (ii) thereafter 1.40 to 1.00.

  • Still comparing with the null model: the proportion of variance explained by the new incorporated variables is 11.4% at the knowledge area level and 1.3% at the final level for the vocabulary/morphosyntactic aspect, 15.8%.

  • We do not find any basis in the regulations to support CMS’s admitted deviation from its own normal practice in determining the amount of the ceiling imposed by the “must not increase” provision during Missouri’s transition period.

  • Moreover, the Leasing Authorizations are not “covered” by the 1988 Carlsbad RMP-FEIS, as updated in 1997, because those outdated documents never evaluated the environmental impacts of horizontal drilling and fracking, which significantly differ from the impacts of traditional vertical drilling.This Circuit has recognized that not all oil and gas development is created equal.

  • Administrative Agent and Lenders hereby waive any Default by Borrower occasioned by Borrower’s failure to meet the EBITDAR Coverage Ratio and the Leverage Ratio prior to the Calculation Start Date.

  • As of September 30, 2019, the most significant commitments related to financial ratios assumed by the Company and its subsidiaries are as a follow: Avianca Holdings S.A. The consolidated financial statements of Avianca Holdings must comply with the following financial covenants: • EBITDAR Coverage Ratio: Should be not less than 1.5 to 1.0. For the period the result was 1.99, for this it’s in compliance.

  • The "EBITDAR Coverage Ratio" means the ratio described on Schedule 1.

  • However, these breaches did not accelerate the due date for the repayment of the debt.As of March 31, 2019, the most significant commitments related to financial ratios assumed by the Company and its subsidiaries are as a follow: Avianca Holdings S.A. The consolidated financial statements of Avianca Holdings must comply with the following financial covenants: • EBITDAR Coverage Ratio: Should be not less than 1.75 to 1.0.

  • Commencing as of the last day of the first Fiscal Quarter of Fiscal Year 2022, and in each case continuing on the last day of each Fiscal Quarter ending thereafter, the Minimum EBITDAR Coverage Ratio shall not be less than 1.15 to 1.0.


More Definitions of EBITDAR Coverage Ratio

EBITDAR Coverage Ratio. “Non-cash MSR”, “Pro Forma Basis”, and “Total Funded Debt” in their entirety. 2.
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EBITDAR Coverage Ratio means the ratio described on Schedule 1.
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EBITDAR Coverage Ratio shall be equal to 1.2 times and will be calculated as the ratio of EBITDAR(1) to interest expense(2) plus rent expense(3) for the most recently ended four fiscal quarter periods, as set forth in Tenant's financial statements prepared in accordance with GAAP.
Sample 1
EBITDAR Coverage Ratio means the ratio of (a) EBITDAR of Borrower to (b) the sum of Borrower’s (i) interest (including payments in the nature of interest under capital leases), plus (ii) current maturities of long-term Funded Debt, plus (iii) rent under operating leases; all as determined on a trailing 12-month basis in accordance with GAAP.
Sample 1

Related to EBITDAR Coverage Ratio

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Interest Coverage Ratio means, as at any date, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date to (b) Interest Expense for such period.

  • 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

  • Debt Coverage Ratio means the ratio of Consolidated Indebtedness to Consolidated EBITDA.

  • Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the Value of total assets of the Borrower and its Subsidiaries, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of the Borrower and its Subsidiaries, to (b) the aggregate amount of Indebtedness of the Borrower and its Subsidiaries.

  • Consolidated Coverage Ratio means as of any date of determination, with respect to any Person, the ratio of (x) the aggregate amount of Consolidated EBITDA of such Person for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which financial statements are in existence to (y) Consolidated Interest Expense for such four fiscal quarters, provided, however, that:

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Fixed Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Fixed Charges for the period of four consecutive fiscal quarters ending as of the most recent fiscal quarter ended prior to such time to (b) Consolidated Fixed Charges for such period.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date to (b) Consolidated Interest Charges for such period.

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect (in accordance with Regulation S-X under the Securities Act) to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Consolidated Fixed Charge Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Fixed Charges, in each case, for the most recently completed four (4) fiscal quarters.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.