Fixed Charge Cover Ratio definition

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

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 Schedule 17 (New York Law Definitions).

Examples of Fixed Charge Cover Ratio 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 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 ABL financial covenants are only measured under certain conditions, principally once utilisation of the facility goes through a predefined thresholdi.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 shortcomings and lack of European regulation are responsible in a major way for preventing progress towards the cross-border integration of financial markets in a large number of areas.

• If Provider fails to meet the Fixed Charge Cover Ratio as of the end of any applicable Testing Period, the Provider shall provide security in an amount equivalent to the next twelve (12) months of payments that would be due from Owner pursuant to Section 5.01 (“the Required Amount”).

More Definitions of Fixed Charge Cover Ratio

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. 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. 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

Fixed Charge Cover Ratio. [left intentionally blank]

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] Consolidated Fixed Charges: / [amount] Fixed Charge Cover Ratio: = [ratio] Leverage Ratio: Consolidated Net Debt: [amount] Consolidated EBITDAR: / [amount] Adjusted Consolidated EBITDAR*: [amount]* [Breakdown of pro forma adjustments to EBITDAR]* [amounts]* Leverage Ratio: = [ratio] Secured Financing [amount] Adjusted Balance Sheet Total] / [amount] 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 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 aircraft mortgages on AC YG and YI to CIBC 62,935,936 £44,502,000 125 SCHEDULE 8 FORM OF CONFIDENTIALITY UNDERTAKING [Letterhead of Arranger] To: Re: The Facility Dear Sirs We understand that you are considering participating in the Facility. In consideration of us agreeing to make available to you certain information, by your signature of a copy of this letter you agree as follows:

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

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