Pre-Distribution Fixed Charge Coverage Ratio definition

Pre-Distribution Fixed Charge Coverage Ratio means, in respect of any applicable Person(s) as calculated on a consolidated basis and in accordance with GAAP and for any applicable period of determination and as of any applicable date of determination, the ratio of (a) the sum of (i) EBITDA of such Person(s) for such period, minus (ii) without duplication, Tax Distributions, made by such Person(s) during such period, minus (iii) without duplication, the aggregate amount of taxes paid in cash by such Person during such Period to (b) the sum (i) the Current Maturities of Long Term Debt of such Person(s) at such time of determination, plus (ii) the interest expense of such Person(s) for such period.
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Pre-Distribution Fixed Charge Coverage Ratio means, for the Borrower on a consolidated basis, and on any date of determination, the ratio of (a) the sum of (i) EBITDA minus (ii) Capital Expenditures minus (iii) distributions made for cash taxes to (b) the sum of (i) all scheduled principal payments with respect to all Debt plus (ii) Interest Expense, in all cases for the 12 months then ending.
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Examples of Pre-Distribution Fixed Charge Coverage Ratio in a sentence

  • Beginning with the Fiscal Quarter ending December 31, 2018, permit the Consolidated Pre-Distribution Fixed Charge Coverage Ratio as of the end of any Fiscal Quarter of the Borrower to be less than 1.35 to 1.00.

  • Permit the Consolidated Pre-Distribution Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Permit the Borrowers’ Consolidated Pre-Distribution Fixed Charge Coverage Ratio, measured as of the end of each Fiscal Quarter of the Borrowers, commencing with the Fiscal Quarter ending on or about September 30, 2021, to be less than 1.25 to 1.00.

  • Maintain a consolidated Pre-Distribution Fixed Charge Coverage Ratio of not less than 1.2 to 1.00.

  • The Borrower shall not permit the Pre-Distribution Fixed Charge Coverage Ratio, tested at the end of each fiscal quarter, to be less than 1.50 to 1.00.

  • For purposes of this Agreement, the Pre-Distribution Fixed Charge Coverage Ratio shall be calculated quarterly as of the end of each fiscal quarter of Borrower for the four fiscal quarter period most recently ended, commencing with the fiscal quarter of ending as of December 31, 2017.

  • Pursuant to Sections 9.1, 9.2, 9.3, and 9.4 of the Credit Agreement (Debt to EBITDA Ratio, Senior Debt to EBITDA Ratio, Pre-Distribution Fixed Charge Coverage Ratio, and Post-Distribution Fixed Charge Coverage Ratio, respectively), Borrower was required to maintain certain financial covenants.