Income Available for Fixed Charges definition

Income Available for Fixed Charges for any period means the sum of (i) Consolidated Net Income, (ii) taxes on income and (iii) Consolidated Fixed Charges, all determined with respect to the Borrower and its Consolidated Subsidiaries on a consolidated basis for such period and in accordance with GAAP.

Income Available for Fixed Charges means, for any period, net income of the Borrower, plus amounts deducted in arriving at such net income for (i) interest on long-term debt (including the current portion thereof), (ii) depreciation, (iii) amortization, and (iv) payments under long-term leases.

Income Available for Fixed Charges means, for any Measurement Period, EBITDA, minus the sum of capital expenditures except for capital expenditures financed by long-term debt (Capital expenditures financed by long-term debt includes those incurred by Borrower for the acquisition of a material portion of the assets of ASCI and the investment in the Industrial Sands joint venture, to the extent such expenditures are classified as capital expenditures) and cash dividends paid to Borrower’s shareholders, all as determined for Borrower on a consolidated basis.

Examples of Income Available for Fixed Charges in a sentence

• The Company will not permit, as of the end of each fiscal quarter of the Company, the ratio of Consolidated Income Available for Fixed Charges to Fixed Charges, for the period consisting of such fiscal quarter and the preceding three fiscal quarters, to be less than 2.75 to 1.0.

• The Company shall not at any time permit the ratio of Consolidated Net Income Available for Fixed Charges (calculated in respect of the period of eight (8) consecutive fiscal quarters of the Company then most recently ended) to Consolidated Fixed Charges (calculated in respect of such period) to be less than (a) 1.00 to 1.00 during the Suspension Period and (b) 1.50 to 1.00 at all times after the Suspension Period.

• The Company and its consolidated Subsidiaries shall maintain a ratio, without duplication, of Consolidated Net Income Available for Fixed Charges to Consolidated Fixed Charges of at least 2.25 to 1.00 for the most recently-ended period of four fiscal quarters for which financial statements were required to be delivered, commencing with the fiscal quarter ended as of March 31, 2018 through the Availability Period.

• The Company and its consolidated Subsidiaries shall maintain a ratio, without duplication, of Consolidated Net Income Available for Fixed Charges to Consolidated Fixed Charges of at least 1.75 to 1.00 for the most recently-ended period of four fiscal quarters for which financial statements were required to be delivered, commencing with the fiscal quarter ended as of September 30, 2013 through the Availability Period.

• The Parent Guarantor and its consolidated Subsidiaries shall maintain a ratio (“Fixed Charge Coverage Ratio”), without duplication, of Consolidated Net Income Available for Fixed Charges to Consolidated Fixed Charges of at least 1.50 to 1.00 for the most recently-ended period of four fiscal quarters for which financial statements were required to be delivered.

More Definitions of Income Available for Fixed Charges

Income Available for Fixed Charges for any period means (a) the sum of (i)Consolidated Net Income, (ii)tax expense and (iii)Consolidated Fixed Charges, minus (b) Capital Expenditures, all determined with respect to Franklin Electric and its Consolidated Subsidiaries on a consolidated basis for such period and in accordance with GAAP.

Income Available for Fixed Charges for any Measurement Period shall mean on a consolidated basis, the sum of the Borrower's:

Income Available for Fixed Charges for any period means EBITDA as determined with respect to the Borrower and its Consolidated Subsidiaries on a consolidated basis for such period and in accordance with GAAP and less the aggregate amount of capital expenditures for the Borrower and its Consolidated Subsidiaries for such period in accordance with GAAP.

Income Available for Fixed Charges means for any period the sum of

Income Available for Fixed Charges means, for any period, the sum of (a) EBITDA for such period, PLUS, (b) the amount deducted in determining EBITDA for such period for expenses of the Borrower and its Consolidated Subsidiaries with respect to common area maintenance charges, but expressly excluding any and all prepayments under any leases or rental agreements).

Income Available for Fixed Charges for any period means the sum of (i) Consolidated Total EBITDA, and (ii) Consolidated Lease Expense.

Income Available for Fixed Charges for any period means the sum of (i) Consolidated Net Income, (ii) taxes on income and