Fixed Charge Cover Ratio definition

Fixed Charge Cover Ratio means, for any applicable period of determination, the ratio of (a) the Adjusted EBITDA to (b) Provider’s Fixed Charges for such period.

Fixed Charge Cover Ratio has the meaning given to that term in Clause 21.3 (Fixed Charge Cover Ratio).

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Examples of Fixed Charge Cover Ratio in a sentence

• At December 31, 2013, the Company's unused borrowing availability under the Revolving Facility was $60.0 million.The amended Facility provides a borrowing base, determined by the value of receivables and equipment, which reduces financial covenants to a Senior Leverage Ratio, which is to be maintained at less than 2.00 to 1.00 and a Fixed Charge Cover Ratio, which must be maintained at greater than 1.20 to 1.00.

• 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.

• Under the terms of the agreement, the Senior Leverage Ratio is to be maintained at less than3.5:1 through December 31, 2016 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.

• 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.•The Senior Leverage Ratio means, at any time, the ratio of the Senior Debt at such time to Consolidated EBITDA for the four Fiscal Quarters ended immediately preceding such time.

• The Credit Facility is secured through a combination of working capital and equipment and it provides a borrowing base, determined by the value of receivables and equipment, with Senior Leverage Ratio and a Fixed Charge Cover Ratio financial covenants.

More Definitions of Fixed Charge Cover Ratio

Fixed Charge Cover Ratio means the ratio of Consolidated EBITDAR to Consolidated Fixed Charges as calculated in accordance with the terms of clause 20 (Financial Covenants).

Fixed Charge Cover Ratio. Consolidated EBITDAR: [amount] [Break down of Consolidated EBITDAR:] [amounts] Consolidated Fixed Charges: / [amount] [Break down of Consolidated Fixed Charges] [amounts] Fixed Charge Cover Ratio: = [ratio] Leverage Ratio: Consolidated Net Debt: [amount] [Break down of Consolidated Net Debt] [amounts] Consolidated EBITDAR: / [amount] [Break down of Consolidated EBITDAR] [amounts] Adjusted Consolidated EBITDAR*: [amount]* [Breakdown of pro forma adjustments to EBITDAR]* [amounts]* Leverage Ratio: = [ratio] Secured Financing Ratio Secured Financing [amount] [Breakdown of Secured Financing] [amounts] Adjusted Balance Sheet Total] / [amount] [Breakdown of Adjusted Balance Sheet Total] [amounts] Secured Financing Ratio = [ratio] 122 Consolidated Net Tangible Fixed Assets Anlagevermögen [amount] Geschäfts- oder Firmenwerte - [amount] Sonstige immaterielle Vermögenswerte - [amount] Consolidated Net Tangible Fixed Assets = [amount] To: [ ] as Agent Name of Group member Security Total principal amount of indebtedness secured (€) Amount in the relevant currency Hapag-Xxxxx Ltd. (Japan) Charge on property (Hapag-Xxxxx Ltd office building in Japan) 1,072,731 JPY150,000,000 Hapag-Xxxxx Container Linie GmbH Ship mortgage registered in the ship registry at the Amtsgericht Hamburg, page 19520, Abteilung I under current number 2 for the vessel "CMV Berlin Express" owned by Hapag-Xxxxx Container Linie GmbH (as per Schedule 9 of the HLAG Ship Financing) 59,423,941 USD 71,433,520 2. Mortgage (Höchst-betragshypothek) 12,113,727 USD 14,561,911 Hapag-Xxxxx Container Linie GmbH Ship mortgage registered in the ship registry at the Amtsgericht Hamburg, page 19380, Abteilung I under current number 2 for the vessel "CMV Hongkong Express" owned by Hapag-Xxxxx Container Linie GmbH (as per Schedule 9 of the HLAG Ship Financing) 58,158,470 USD 69,912,297 2. Mortgage (Höchst-betragshypothek) 11,864,304 USD 14,262,080 WAG Salzg. Wohnungs-GmbH Charge on property (Realty) 27,835,751 000 Xxxxxxxx Xxxxx Xxxxxxx Inc. Charge on property (All Preussag North America Group assets) 148,769,618 $ 202,921,759 L'Tur Tourismus AG Pledged time deposit account 3,866,000 Xxxxxxxx Club (Schweiz) AG Charge on property 17,458,055 CHF26,950,000 Xxxxxxxx Club (Italia) SpA Charge on property 14,572,683 Daidalos A.E (Athen) Charge on property 8,896,479 Dorfhotel GmbH (Villach) Charge on property 1,542,600 RIUSA II S.A. (Palma) Charge on property and chattel mortgage 3,101,184 TUI Northern Europe Ltd (London) 2 ai...

Fixed Charge Cover Ratio. It means EBITDA / Interest Expense. The Fixed Charge Cover Ratio determination for calculating the Financial Covenants will refer to the aforesaid components as resulting from the (consolidated) financial statements of the Beneficiary, and will be carried out, for the first time, for the 12 (twelve) month period ending 30 June 2009, and afterwards, every three months, on the basis of the last 12 months.

Fixed Charge Cover Ratio has the meaning given to such term in the Bond Indenture as at the date of this Agreement.

Fixed Charge Cover Ratio has the meaning given to such term in Schedule 17 (Restrictive Covenants).

Fixed Charge Cover Ratio means, in respect of a Testing Date, the ratio of:

Fixed Charge Cover Ratio. The ratio of Cashflow to Total Debt Service (“Fixed Charge Cover”) shall not, in respect of the relevant testing period specified in Clause 16.8 (Calculation) 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 31 March 2002 1.00:1 30 June 2002 1.00:1 30 September 2002 1.00:1 31 December 2002 1.00:1 31 March 2003 1.00:1 30 June 2003 1.00:1 30 September 2003 1.00:1 31 December 2003 1.00:1 31 March 2004 1.00:1 30 June 2004 1.00:1 30 September 2004 1.00:1 31 December 2004 1.00:1 31 March 2005 1.00:1 30 June 2005 1.00:1 30 September 2005 1.00:1 31 December 2005 1.00:1 31 March 2006 1.00:1 30 June 2006 1.00:1 30 September 2006 1.00:1 31 December 2006 1.00:1 31 March 2007 1.00:1 30 June 2007 1.00:1 30 September 2007 1.00:1 31 December 2007 1.00:1 31 March 2008 1.00:1 30 June 2008 1.00:1 30 September 2008 1.00:1 31 December 2008 1.00:1 31 March 2009 1.00:1 30 June 2009 1.00:1 30 September 2009 1.00:1 31 December 2009 1.00:1