Minimum Coverage Ratio at any fiscal quarter end, the ratio of (a) Adjusted Net Income, to (b) Rent minus interest income determined on a Consolidated basis, plus Consolidated interest expense, in each case referred to in this definition for the four consecutive fiscal quarters then ended.
Minimum Coverage Ratio has the meaning given to such term in Section 9.1 of this Agreement.
Minimum Coverage Ratio has the meaning ascribed to it in Section 5(l)(i). Monte Alegre - See Preamble.
Examples of Minimum Coverage Ratio in a sentence
At each fiscal quarter end, have a Minimum Coverage Ratio of not less than 2.50:1.00.
Borrower will maintain a Minimum Coverage Ratio of not less than 1.3 to 1 for the twelve (12) month period ending on the last day of the next preceding month and for the projected subsequent two (2) twelve (12) month periods as forecast in the Operating Plans and Budgets.
Lessee shall deliver to Lessor the projections referred to in clause (b)(i) above, together vith calculations, based tlzereon, showing the Minimum Coverage Ratio, prior to the commencement ofany Work.
Maintain as of the last day of each fiscal ---------------------- quarter, a Minimum Coverage Ratio of not less than 2.50:1.00.
Choosing a portfolio of soybean variety is one of the most critical components of soybean production and as such, if producers should select a single variety, this could lead to a loss due to different response functions of varieties to agronomic, biotic, a biotic, and climatic stresses.
More Definitions of Minimum Coverage Ratio
Minimum Coverage Ratio means, on any date, the ratio of (a) ---------------------- Consolidated EBITDA to (b) Consolidated Interest Expense.
Minimum Coverage Ratio has the meaning assigned to that term in Section 2.1. "Obligations" has the meaning assigned such term in the Credit Agreement and shall also include, without limitation, Borrower's performance obligations thereunder, including without limitation, its obligation to perform Section 7.6A thereof. "payment in full", "paid in full" or any similar term means the indefeasible payment in full of the Obligations or the Make-Well Obligations, as the case may be, including, without limitation, all principal, interest, costs, fees, expenses and indemnities (including, without limitation, legal fees and expenses) of Lenders and Administrative Agent as required under the Loan Documents.
Minimum Coverage Ratio means 1.15 to 1 for the preceding twenty-four (24) month period ending on the last day of the calendar month preceding the date of determination and for the projected subsequent two (2) twelve (12) month periods as forecasted in the budget submitted by Borrower and approved by Lender, calculated by dividing (x) the preceding twenty-four (24) months' Net Operating Cash from all Projects (assuming each of such Projects has been a Project for at least twenty-four (24) months) by (y) debt service on the Senior Loan for the same twenty-four (24) month period.
Minimum Coverage Ratio means each of the Minimum Debt Service Coverage Ratio or the Minimum Global Coverage Ratio;
Minimum Coverage Ratio means, as of any date, a fraction, the numerator of which shall be an amount equal to the Pledged Shares Value as of such date, and the denominator of which shall be the sum of (i) the aggregate principal amount of the Advance outstanding as of such date, minus (ii) an amount equal to the Cash Collateral Value as of such date.
Minimum Coverage Ratio means, at any time, the ratio of (i) Adjusted Consolidated Cash Flow for any calendar quarter or calendar year, as applicable, to (ii) the aggregate amount of all principal and interest payable by the Borrower and its Subsidiaries on account of Indebtedness during such calendar quarter or calendar year.
Minimum Coverage Ratio means (a) with respect to any date of calculation on or after the fourth Payment Date after the Term Loan Conversion Date, the ratio of (w) the Net Operating Cash from the Project for the preceding 12 months to (x) all scheduled payments of principal and interest (excluding the SPP Payments) on the Term Loans for the next twelve (12) month period and (b) with respect to any date of calculation on any of the first, second or third Payment Date after the Term Loan Conversion Date, the ratio of (y) the Net Operating Cash from the Project since the Term Loan Conversion Date to (z) all scheduled payments of principal and interest (excluding the SPP Payments) on the Term Loans for the next one, two or three Payment Dates, calculated such that (1) the Minimum Coverage Ratio as calculated on the first Payment Date after the Term Loan Conversion Date will be the ratio of the Net Operating Cash from the Project since the Term Loan Conversion Date to the amount of the scheduled payments of principal and interest on the Term Loans payable on the second Payment Date after the Term Loan Conversion Date, (2) the Minimum Coverage Ratio as calculated on the second Payment Date after the Term Loan Conversion Date will be the ratio of the Net Operating Cash from the Project since the Term Loan Conversion Date to the aggregate amount of the scheduled payments of principal and interest on the Term Loans payable on the third and fourth Payment Dates after the Term Loan Conversion Date and (3) the Minimum Coverage Ratio as calculated on the third Payment Date after the Term Loan Conversion Date will be the ratio of the Net Operating Cash from the Project since the Term Loan Conversion Date to the aggregate amount of the scheduled payments of principal and interest on the Term Loans payable on the fourth, fifth and sixth Payment Dates after the Term Loan Conversion Date.