Pro Forma Fixed Charges means Fixed Charges, with the following adjustment: Interest Expense shall be calculated by assuming that the amount of Indebtedness and other obligations giving rise to such Interest Expense on the most recent practical date on or prior to the determination of Pro Forma Fixed Charges plus, in the case of a calculation of Pro Forma Fixed Charges pursuant to Section 4.1(a) (and the calculation of Permitted Indebtedness), the Indebtedness proposed to be incurred had been the amount outstanding throughout the period for which Pro Forma Fixed Charges is being calculated.
Pro Forma Fixed Charges means, for each relevant fiscal quarter, (a) the actual amounts incurred in such quarter for the expense categories described in clauses (c), (d) and (e) of the definition of Fixed Charges and (b) instead of any actual amounts incurred by Tenant for the expense categories described in clauses (a), (b) and (f) of the definition of Fixed Charges, the amounts which Tenant would have incurred in such quarter for the expense categories described in clauses (a), (b) and (f) of the definition of Fixed Charges if such quarter had occurred in 2001.
Pro Forma Fixed Charges means as of the date of any determination thereof the sum of (i) Interest Charges in respect of Consolidated Funded Debt (other than Funded Debt then proposed to be retired) for the twelve full consecutive calendar months period immediately preceding such date of determination, plus (ii) Interest Charges on all Funded Debt then proposed to be issued for the twelve full consecutive calendar months after such date of determination, plus (iii) the maximum aggregate Rentals payable during any period of twelve full consecutive calendar months after such date of determination and prior to July 15, 1998 under all long-term Leases under which the Borrower or a Subsidiary is then lessee.
Examples of Pro Forma Fixed Charges in a sentence
The Companies shall not suffer or permit at any time the ratio of (i) Consolidated Pro-Forma Cash Flow to (ii) Consolidated Pro- Forma Fixed Charges to be less than 1.10 to 1.00, based upon the financial statements of the Companies for the most recently completed four (4) fiscal quarters.
With respect to any date of determination, the ratio of (a) Consolidated Operating Cash Flow for the period of four consecutive fiscal quarters ending on such date to (b) Pro Forma Fixed Charges for the period of four consecutive fiscal quarters commencing on the date following such date of determination.
The Pro Forma Fixed Charges Coverage Ratio (as defined below) for any Reference Period to be less than 1.10:1.
As used in this SECTION 10.2, "PRO FORMA FIXED CHARGES COVERAGE RATIO" means, in relation to any Reference Period described in the previous sentence, the ratio of (i) Consolidated EBITDA for such Reference Period to (ii) Pro Forma Fixed Charges for such Reference Period.
The parties agree that for purposes of calculating Section 6.5.6 of the Amended and Restated Credit Agreement for the fiscal quarter of the Borrowers ending June 30, 2006 the Borrowers may exclude from the determination of Consolidated Pro Forma Fixed Charges for the 12-month period beginning immediately after such date the amount of the principal payment owed to Prudential on August 28, 2006 in respect of the Note Obligations.
More Definitions of Pro Forma Fixed Charges
Pro Forma Fixed Charges for any Reference Period, without duplication, the sum of (i) all interest in respect of Consolidated Total Funded Debt paid by the Borrower and its Restricted Subsidiaries during such Reference Period, (ii) all Commitment Fees paid by the Borrower and its Restricted Subsidiaries during such Reference Period, (iii) the aggregate amount of Capital Expenditures made by the Borrower and its Restricted Subsidiaries during such Reference Period (iii) the aggregate amount of all federal, state or local income taxes paid by the Borrower and its Restricted Subsidiaries during such Reference Period, and (iv) all principal in respect of Consolidated Total Funded Debt scheduled to be paid by the Principal Companies during the Next Reference Period, calculated assuming:
Pro Forma Fixed Charges for any period shall mean, as of the date of any determination thereof, the maximum aggregate amount of Fixed Charges which would have become payable by the Company and its Restricted Subsidiaries in such period determined on a pro forma basis giving effect as of the beginning of such period to the incurrence of any Funded Debt (including Capitalized Rentals) and the concurrent retirement of outstanding Funded Debt or Current Debt or termination of any Capitalized Leases.
Pro Forma Fixed Charges means for the Borrower and its Subsidiaries ----------------------- on a consolidated basis with respect to any prospective period of four fiscal quarters commencing on the day after the applicable calculation date, in each case after giving effect to any Interest Hedge Agreements and Eurodollar Advances, the sum of (a) the aggregate amount of all principal, interest, fees and other payments scheduled to be made by such Persons during such period of four fiscal quarters in respect of Indebtedness for Money Borrowed plus (b) the aggregate amount of all payments scheduled to be made by such Persons during such period in respect of Capitalized Lease Obligations and obligations with respect to leases constituting part of a sale and lease-back arrangement, plus (c) Capital Expenditures budgeted in good faith for such period, plus (d) taxes projected to be paid in such period, plus (e) all Restricted Payments and Restricted Purchases which are (i) to be used to pay cash dividends on any Preferred Stock or interest on Subordinated Indebtedness incurred by the Parent Company or the Borrower, (ii) otherwise permitted to be made hereunder, and (iii) scheduled or otherwise anticipated to be made during such period. For purposes of this definition, where interest payments for the twelve-month period immediately succeeding the calculation date are not fixed by way of Interest Hedge Agreements, Eurodollar Advances, or otherwise for the entire period, interest shall be calculated on such Indebtedness for Money Borrowed for periods for which interest payments are not so fixed at the Eurodollar Basis (based on the then current adjustment to the Applicable Margin under Section 2.3(f) hereof) for a Eurodollar Advance having an Interest Period of six (6) months as determined on the date of calculation.
Pro Forma Fixed Charges for any period shall mean, as of the date of any determination thereof, the sum of (i) the maximum aggregate amount of Fixed Charges which would have become payable by the Company and its subsidiaries in such period plus (ii) the total dividend requirements on all series and classes of Preferred stock of the Company, determined, in each case on a pro forma basis giving effect as of the beginning of such period to the issuance and sale of the Parity Stock then proposed to be issued and the application of the proceeds thereof.
Pro Forma Fixed Charges for any period shall mean, as of the date of any determination thereof, the maximum aggregate amount of Fixed Charges which would have become payable by the Guarantor and its consolidated subsidiaries in such period determined on a pro forma basis giving effect as of the beginning of such period to the incurrence of any Funded Debt (including Capitalized Rentals) and the concurrent retirement of outstanding Funded Debt or Current Debt or termination of any Capitalized Leases.
Pro Forma Fixed Charges. With respect to any date of determination, the sum of (a) Consolidated Total Interest Expense required to be paid or accrued by the Borrower or any of its Subsidiaries during the period of four (4) consecutive fiscal quarters commencing on the date following such date of determination, plus (b) the sum of all principal scheduled to be paid by each such Person with respect to Consolidated Total Funded Debt during such four (4) quarter period, plus (c) all Capital Expenditures scheduled to be made by the Borrower and/or its Subsidiaries during such four (4) quarter period, plus (d) the aggregate amount of cash taxes projected to be paid by the Borrower and/or its Subsidiaries during such four (4) quarter period, plus (e) the aggregate amount of all Distributions that the Borrower projects will be paid during such four (4) quarter period on its preferred stock. For purposes of the foregoing calculation, (A) the amount of Capital Expenditures scheduled to be made by the Borrower and its Subsidiaries shall be deemed to equal the amount of Capital Expenditures projected to be made during such prospective four (4) quarter period pursuant to the Projections or any updated budget delivered pursuant to ss.10.4(e) (or updated projections delivered in connection with a proposed Permitted Acquisition (including acquisitions contemplated in connection with an LMA Agreement), Asset Sale or Asset Swap for purposes of calculating covenant compliance on a Pro Forma Basis under ss.11.5.1(b)(ii)) unless the Lenders disapprove the use of such updated projections for use in this definition, (B) the amount of cash taxes projected to be paid by the Borrower and its Subsidiaries during such prospective four (4) quarter period shall be deemed to be the amount projected in the most recent budget to be paid for such period by the Borrower, (c) interest payable hereunder for such prospective four (4) quarter period shall be determined based upon the Type of Loans outstanding as of the date of determination and using the interest rate in effect for each Type of Loan on such date, (D) the principal amount of and the interest rate on any other Indebtedness for borrowed money during such prospective four (4) quarter period shall be the principal amount of and the interest rate on such Indebtedness on the date of determination which, for purposes of calculating covenant compliance on a Pro Forma Basis pursuant to ss.11.5.1(b), shall be inclusive of any Indebtedness (other than the Loans) t...
Pro Forma Fixed Charges means as of the date of any determination thereof the sum of (a) Interest Charges in respect of Consolidated Funded Debt (other than Funded Debt then proposed to be retired) for the twelve full consecutive calendar months period immediately preceding such date of determination, plus (b) Interest Charges on all Funded Debt then proposed to be issued for the twelve full consecutive calendar months after such date of determination, plus (c) the maximum aggregate Rentals payable during any period of twelve full consecutive calendar months after such date of determination and prior to March 1, 1998 under all Long-Term Leases under which the Company or a Subsidiary is then lessee.