Minimum Consolidated Fixed Charge Ratio definition

Minimum Consolidated Fixed Charge Ratio. Consolidated EBITDA to Consolidated Fixed Charges Consolidated EBITDA for the four quarter period ended [ ], 20[ ]. Consolidated Fixed Charges Calculation: Consolidated Interest Expense plus the scheduled principal amount of all amortization payments on all Indebtedness (including the principal component of all Capital Lease Obligations) of Holdings and its Subsidiaries for such period (as determined on the first day of the respective period) plus the product of (i) all dividend payments on any series of Disqualified Capital Stock of Holdings plus the product of (i) all accrued dividends on any Preferred Stock (other than Disqualified Capital Stock) of Holdings, including the Convertible Preferred Stock (including dividends payable through the issuance of Equity Interests to the extent Holdings has not irrevocably declared such dividends to be payable through the issuance of Equity Interests) Consolidated Fixed Charges Consolidated EBITDA to Consolidated Fixed Charges [ ]:1.00 Covenant Requirement Greater than or equal to 1.00:1.00 EXHIBIT A-3 [Form of] LC REQUEST [AMENDMENT] Dated (1) MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc., as Administrative Agent under the Third Amended and Restated Credit Agreement dated as of October 31, 2007 (as it may be amended, modified, extended or restated from time to time, the “Credit Agreement”) among GENERAL CABLE INDUSTRIES, INC., a Delaware corporation (the “Borrower”), the Guarantors from time to time party thereto, the Lenders from time to time party thereto, the Issuing Banks from time to time party thereto and MERRILL LYNCH CAPITAL, a division of Merrill Lynch Business Financial Services Inc., as Swingline Lender, Administrative Agent and Collateral Agent for the Secured Parties. 222 North LaSalle Street, 16th Floor, Chicago, Illinois 60601 Attention: [ ] Ladies and Gentlemen: We hereby request that MERRILL LYNCH BANK USA, as Issuing Bank under the Credit Agreement, [issue] [amend] [renew] [extend] [a] [an existing] [Standby] [Commercial] Letter of Credit for the account of the undersigned on (2) (the “Date of Issuance [Amendment] [Renewal] [Extension]”) in the aggregate stated amount of (3). [The Letter of Credit was originally issued on [date].] The requested Letter of Credit [shall be] [is] denominated in Dollars. For purposes of this LC Request, unless otherwise defined herein, all capitalized terms used herein which are defined in the Credit Agreement shall have the resp...
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Minimum Consolidated Fixed Charge Ratio. Consolidated EBITDA to Consolidated Fixed Charges Consolidated EBITDA for the four quarter period ended [ ], 20[ ]. Consolidated Fixed Charges Calculation: Consolidated Interest Expense [Insert components of Consolidated Interest Expense once the definition is finalized] Consolidated Fixed Charges [Insert components of Consolidated Fixed Changes once the definitions is finalized] Consolidated EBITDA to Consolidated Fixed Charges [ ]:1.00 Covenant Requirement Greater than or equal to [ ]:1.00
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Minimum Consolidated Fixed Charge Ratio. Consolidated EBITDA to Consolidated Fixed Charges Consolidated EBITDA (calculated in accordance with clause (A)) ________________ Consolidated Fixed Charges Calculation is Consolidated Interest Expense plus Consolidated Fixed Charges Consolidated Interest Expense (calculated in accordance with Clause (A)) ________________ Consolidated Fixed Charges calculation: Consolidated Interest Expense for such period; plus the aggregate amount of Capital Expenditures for such period (other than to the extent financed by Excluded Issuances or out of that portion of Excess Cash Flow not required to be applied to the Term B Loans pursuant to Section 2.10(g)); plus all cash payments in respect of income taxes made during such period (net of any cash refund in respect of income taxes actually received during such period); plus the principal amount of all scheduled amortization payments on all Indebtedness (including the principal component of all Capital Lease Obligations) of Borrower and its Subsidiaries for such period (as determined on the first day of the respective period); plus the product of (i) all dividend payments on any series of Disqualified Capital Stock of Borrower or any of its Subsidiaries (other than dividend payments to Borrower or any of its Subsidiaries) multiplied by (ii) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of Borrower and its Subsidiaries, expressed as a decimal; and plus the product of (i) all cash dividend payments on any Preferred Stock (other than Disqualified Capital
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Examples of Minimum Consolidated Fixed Charge Ratio in a sentence

  • Subject to the terms and conditions set forth herein and in reliance upon the representations and warranties of the Lessee set forth herein, the Agent, the Agent Lessor and the Participants hereby waive compliance by the Lessee with the covenant contained in Section 9.5(g), "Minimum Consolidated Fixed Charge Ratio", of the Participation Agreement through October 31, 2001 only.

  • SECTION 11.1 Minimum Consolidated Fixed Charge Ratio...................


More Definitions of Minimum Consolidated Fixed Charge Ratio

Minimum Consolidated Fixed Charge Ratio. The Lessee shall maintain at all times a minimum Consolidated Fixed Charge Ratio at least equal to the following for the periods indicated below, such ratio to be measured at the end of each fiscal quarter: PERIOD RATIO ------ ----- Closing Date through 12/31/02 2.0:1.0 1/01/03 through 12/31/03 2.5:1.0 Thereafter 3.0:1.0
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Minimum Consolidated Fixed Charge Ratio. Consolidated EBITDA to Consolidated Fixed Charges Consolidated EBITDA for the four quarter period ended [ ], 20[ ]. _______________ Consolidated Fixed Charges Calculation: the sum, without duplication, of:
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Related to Minimum Consolidated Fixed Charge Ratio

  • Consolidated Fixed Charge Ratio means, with respect to the Borrowers for the period of computation thereof, the ratio of (i) Consolidated EBITDA for such period plus Consolidated Lease Expense for such period, to (ii) Consolidated Fixed Charges for such period;

  • 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.

  • Fixed Charge Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Consolidated EBITDA, divided by (b) Consolidated Fixed Charges.

  • 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:

  • 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.

  • 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.

  • 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.

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

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Secured Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Secured Net 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.

  • 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.

  • 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 Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

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

  • 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.

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • 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.

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

  • Consolidated Secured Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness secured by a Lien as of such date and (b) the Reserved Indebtedness Amount secured by a Lien as of such date to (y) LTM EBITDA.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • 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.

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

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

  • 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.

  • 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.