Fixed Charge Cover definition

Fixed Charge Cover means, in relation to any Relevant Period, the ratio of Cash Flow to Net Debt Service for such Relevant Period.

Fixed Charge Cover means, in respect of any Relevant Period, the ratio of Consolidated EBITDA for that Relevant Period to the sum of (i) Consolidated Total Net Finance Charges for that Relevant Period and (ii) Capital Expenditure for that Relevant Period.

Fixed Charge Cover. Fixed Charge Cover for each Relevant Period specified in column 1 below shall not be less than the ratio set out in column 2 below opposite such Relevant Period. COLUMN 1 COLUMN 2 RELEVANT PERIOD RATIO (TO 1.0) 1 January 2000 - 30 June 2000 0.9 1 January 2000 - 30 September 2000 0.9 1 January 2000 - 31 December 2000 0.9 1 April 2000 - 30 March 2001 0.9 Each 12 month period ending on a Quarter Date 0.9 falling after 30 March 2001

Examples of Fixed Charge Cover in a sentence

• The ABL financial covenants are only measured under certain conditions, principally once utilisation of the facility goes through a predefined threshold i.e. 87.5% of the “Line Cap” (“Line Cap” is defined as the lesser of the total facility amount and the Borrowing Base), at which point the Fixed Charge Cover Ratio (“FCCR”) is measured and must be complied with.

• The Company’s debt facility has three key covenants: the leverage ratio (Debt/EBITDA); the net worth ratio ((total assets – total liabilities) / total assets) and the Fixed Charge Cover ratio ((EBITDA + real property lease expenses)/(interest expense +real property lease expenses)).

• The Senior Leverage Ratio is to be maintained at less than 3.5:1 through June 30, 2017 and thereafter reduced to a ratio of less than 3.0:1, while the Fixed Charge Cover Ratio is to be maintained at a ratio greater than 1.0:1 except for the quarter ending March 31, 2017 where a ratio greater than 0.9:1 will be permitted.

• ZIM is required to have a certain Fixed Charge Cover ratio, which is defined as Consolidated EBITDAL to Fixed Charges.

• The financial covenants in place include an EBITDA Interest Cover Ratio and a Fixed Charge Cover ratio.

More Definitions of Fixed Charge Cover

Fixed Charge Cover. Fixed Charge Cover in respect of any Relevant Period specified in column 1 below shall be or shall exceed the ratio set out in column 2 below opposite that Relevant Period. Column 1 Relevant Period Column 2 Ratio (to 1.00)

Fixed Charge Cover. Fixed Charge Cover for each Relevant Period ending on a Quarter Date prior to the occurrence of the Qualifying Public Offering shall not be less than 1.0:1

Fixed Charge Cover. The ratio of Cashflow to Total Debt Service shall not, in respect of the relevant testing period specified in sub-clause 19. 8.1 ending on each of the dates specified in Column A below, be less than the ratio specified opposite that date in Column B below: Column A Column B 30 September 1999 1.05:1 31 December 1999 1.05:1 31 March 2000 1.05:1 30 June 2000 1.05:1 30 September 2000 1.05:1 31 December 2000 1.05:1 31 March 2001 1.05:1 30 June 2001 1.05:1 30 September 2001 1.05:1 31 December 2001 1.05:1 31 March 2002 1.05:1 30 June 2002 1.05:1 30 September 2002 1.05:1 31 December 2002 1.05:1

Fixed Charge Cover means the ratio of EBITDAR to Net Finance and Rent Charges in respect of any Relevant Period

Fixed Charge Cover means the ratio of Cashflow to Debt Service in respect of any Relevant Period.

Fixed Charge Cover. Fixed Charge Cover in respect of any Relevant Period ending:

Fixed Charge Cover being determined in respect of the Forward Quarter Dates by reference to actual performance to the immediately preceding Quarter Date (and, to the extent feasible, actual performance for the Financial Quarter ending on the Coupon Date) and projected performance by reference to the most recent budget or Revised Financial Projections delivered to the Senior Agent under the Senior Facility Agreement; and (c) The Mirror Note Issuer shall be entitled to utilise any amount of cash which it would otherwise be entitled to pay as interest, to redeem any Mirror PIK Notes issued in the previous 12 months. Any interest not capable of being paid in cash will be satisfied by the issue of Mirror PIK Notes by the Mirror Note Issuer; 12.1.3 so long as, prior to the Senior Discharge Date, no Stop Event has occurred (or would occur by reason of the proposed payments) and is continuing or Stop Notice has been issued or, after the Senior Discharge Date and before the Mezzanine Discharge Date, no notice has been issued under Clause 21.23 (Acceleration and Cancellation) and/or Clause 21.24 (Advances due on Demand) of the Mezzanine Facility Agreement, Subordinated Note Issuer may make cash payments in respect of interest on the Subordinated Notes to the extent the Subordinated Note Issuer has received cash interest in respect of the Mirror Notes in respect of the same Coupon Period or the Subordinated Note Issuer shall be entitled to utilise any amounts of cash so received to redeem any PIK Notes issued in the previous 12 months. Any interest not capable of being paid in cash will be satisfied by the issue of further Subordinated Notes by the Subordinated Note Issuer; 12.1.4 so long as, prior to the Senior Discharge Date, no Stop Event has occurred (or would occur by reason of the proposed payments) and is continuing or Stop Notice has been issued or, after the Senior Discharge Date and before the Mezzanine Discharge Date, no notice has been issued under Clause 21.23 (Acceleration and Cancellation) and/or Clause 21.24 (Advances Due on Demand) of the Mezzanine Facility Agreement, any Intra-Group Borrower may pay an Intra-Group Liability and an Intra-Group Lender may receive payment of an Intra-Group Liability; 12.1.5 so long as no notice has been issued under Clause 21.23 (Acceleration and Cancellation) and/or Clause 21.24 (Advances due on Demand) of the Mezzanine Facility Agreement, the Borrowers may pay any Postponed Senior Liability (other than principal) and the Senior Lenders...