Total Fixed Charge Coverage Ratio means, at any date, for the period of four consecutive Fiscal Quarters ended as of the end of the most recent Fiscal Quarter for which audited financial statements have been delivered pursuant to Section 7.1(a) or internal financial statements have been delivered pursuant to Section 7.1(b) (or if no such financial statements have been delivered, the end of the most recent Fiscal Quarter for which consolidated financial statements of the Borrower are publicly available on SEDAR or XXXXX), the ratio of (a) Consolidated EBITDA minus (i) unfinanced capital expenditures of the Borrower and its Subsidiaries and classified as such on a balance sheet in conformity with IFRS, (ii) Restricted Payments paid by a Loan Party in cash to a Person that is not a Restricted Party, and (iii) federal, state, provincial, local and foreign income taxes of the Borrower and its Subsidiaries paid in cash and classified as such on a balance sheet in conformity with IFRS to (b) Total Fixed Charges of the Borrower and its Subsidiaries on a consolidated basis.
Total Fixed Charge Coverage Ratio means, as of the close of any Fiscal Quarter, the ratio computed for the period consisting of such Fiscal Quarter and each of the three immediately prior Fiscal Quarters, of (a) Consolidated EBITDA for such period to (b) the sum, on a consolidated basis, of (i) Total Interest Expense for such period, plus (ii) the scheduled principal amount of all amortization payments (but not final balloon payments at maturity) for such period on all Indebtedness of the Consolidated Group; plus (iii) distributions on preferred partnership units payable by the Borrower for such period and distributions made by the Borrower in such period for the purpose of paying Dividends on preferred shares in Guarantor; plus (iv) an amount equal to the aggregate Deemed FF&E Reserves for the Consolidated Group Properties for such period; plus (v) amounts paid by or on behalf of the Consolidated Group into cash reserves as required pursuant to the terms of other Indebtedness.
Total Fixed Charge Coverage Ratio means, for any fiscal quarter, the ratio of (a) Consolidated EBITDA for such fiscal quarter to (b) Consolidated Fixed Charges for such fiscal quarter.
Examples of Total Fixed Charge Coverage Ratio in a sentence
If a kinship caregiver(s) relocates to another Ohio county, the PCSA in the current county of residence is responsible for determining eligibility for subsequent incentive payments and complying with notification requirements outlined in paragraphs (F)(5) to (F)(8)(G)(5) to (G)(8) of this rule.
Unless you timely reject arbitration, this arbitration provision is binding on you and us.
More Definitions of Total Fixed Charge Coverage Ratio
Total Fixed Charge Coverage Ratio means, as of the close of any Fiscal Quarter, the ratio computed for the period consisting of such Fiscal Quarter and each of the three immediately prior Fiscal Quarters, of (a) Consolidated EBITDA for such period (computed without duplication to include the EBITDA from the pro rata share of ownership in the Hotel del Coronado) to (b) the sum, on a consolidated basis, of (i) Total Interest Expense for such period; plus (ii) the scheduled principal amount of all amortization payments (but not final balloon payments at maturity) for such period on all Indebtedness of the Consolidated Group; plus (iii) distributions on preferred partnership units payable by Borrower for the latest Fiscal Quarter and distributions made by the Borrower for the latest Fiscal Quarter for the purpose of paying Dividends on preferred shares in Guarantor multiplied by four (4) (notwithstanding anything herein to the contrary, distributions for the purpose of paying Catch Up Amounts shall not be included in such calculation); plus (iv) an amount equal to the aggregate Deemed FF&E Reserves for the Consolidated Group Properties for such period; plus (v) amounts paid by or on behalf of the Consolidated Group into cash reserves as required pursuant to the terms of other Indebtedness; plus (vi) without duplication, Borrower’s pro rata share of the amounts described in clauses (i) – (v) above that relate to the Hotel del Coronado. Any Low DSCR Fees paid by Borrower will not be included in the Total Fixed Charge Coverage Ratio.”.
Total Fixed Charge Coverage Ratio is hereby deleted and the following is hereby inserted in lieu thereof:
Total Fixed Charge Coverage Ratio means, as of any date, for the MLP and its Restricted Subsidiaries on a consolidated basis, the ratio for the period of four consecutive Fiscal Quarters of the MLP ending on such date (or if less, the number of full Fiscal Quarters of the MLP elapsed since the Closing Date), of (a) an amount equal to (i) Consolidated EBITDA for the calculation period ending on such date, minus (ii) Capital Expenditures for such calculation period, but excluding (A) Insurance Related Capital Expenditures, (B) all expenditures for the construction of the ATB to the extent that such expenditures made after the Closing Date are in an aggregate amount not in excess of $62,000,000, (C) for Vessels acquired pursuant to a Vessel Acquisition, (D) to the extent paid with funds withdrawn from the New ATB Escrow Account or paid in accordance with Section 7.1.14 in an amount not in excess of $3,900,000, for the construction of each New ATB, and (E) an amount not in excess of $7,500,000 paid to repurpose one of the Vessels owned by the Original Owners provided that the charterer requesting the expenditure of such amount executes a new charter, or extends the relevant Existing Charter, of the relevant Vessel for a term of no less than five years plus (iii) the lesser of (A) the Fixed Charge Factor and (B) the amount by which the Revolving Commitment Amount exceeds the aggregate outstanding principal amount of all Revolving Loans and Letter of Credit Obligations as of such date of determination, to (b) the sum of (i) Interest Charges on all Debt of the MLP and its Restricted Subsidiaries payable during such calculation period (determined with respect to any Subordinated Debt without giving effect to the subordination), plus (ii) all scheduled principal payments required to be made on all such Debt during such calculation period (determined with respect to any Subordinated Debt without giving effect to the subordination) plus (iii) net cash taxes actually paid or payable by the Borrowers and their Restricted Subsidiaries during such period (for the avoidance of doubt, to the extent such taxes are paid directly by the General Partner or indirectly by the General Partner as a result of a loan or advance by the General Partner, for purposes hereof such taxes will not be considered to be taxes actually paid or payable by the Borrowers except to the extent, and when, such loan or advance is repaid to the General Partner).”
Total Fixed Charge Coverage Ratio as of any date of determination thereof, the ratio of (a) Annualized Consolidated Operating Cash Flow for the period of four fiscal quarters of the Borrower ended on, or most recently ended prior to, such date to (b) Total Fixed Charges for such period.
Total Fixed Charge Coverage Ratio means, as of the close of any Fiscal Quarter, the ratio computed for the period consisting of such Fiscal Quarter and each of the three immediately prior Fiscal Quarters of (a) Consolidated EBITDA for such period to (b) the sum, on a consolidated basis, of (i) Total Interest Expense for such period, plus (ii) the scheduled principal amount of all amortization payments (but not final balloon payments at maturity) for such period on all Indebtedness of the Consolidated Group; plus (iii) distributions made by the Borrower in such period for the purpose of paying Dividends on preferred shares in Guarantor and General Partner, plus (iv) amounts paid by or on behalf of the Consolidated Group into cash reserves as required pursuant to the terms of other Indebtedness; provided that (i) for each Fiscal Quarter ending prior to September 30, 2013, the computations above shall be based on the results of the then ending Fiscal Quarter multiplied by four and (ii) for each Fiscal Quarter ending on and after September 30, 2013, the computations shall be based on the results of the then ending Fiscal Quarter and each of the three immediately prior Fiscal Quarters.
Total Fixed Charge Coverage Ratio means, at any date, for the period of four consecutive Fiscal Quarters ended as of the end of the most recent Fiscal Quarter for which audited financial statements have been delivered pursuant to Section 7.1(a) or internal financial statements have been delivered pursuant to Section 7.1(b) (or if no such financial statements have been delivered, the end of the most recent Fiscal Quarter for which consolidated financial statements of the Parent are publicly available on SEDAR or XXXXX), the ratio of (a) Consolidated EBITDA minus
Total Fixed Charge Coverage Ratio means, as of any date, for the MLP and its Subsidiaries on a consolidated basis, the ratio for the period of four consecutive Fiscal Quarters of the MLP ending on such date (or if less, the number of full Fiscal Quarters of the MLP elapsed since the Closing Date), of (a) an amount equal to (i) Consolidated Pro Forma EBITDA for the calculation period ending on such date, minus (ii) Capital Expenditures for such calculation period, but excluding Insurance Related Capital Expenditures and all expenditures for the construction of the ATB, to (b) the sum of (i) Interest Charges on all Debt payable during such calculation period (determined with respect to any Subordinated Debt without giving effect to the subordination), plus (ii) all scheduled principal payments required to be made on all Debt during such calculation period (determined with respect to any Subordinated Debt without giving effect to the subordination) plus (iii) cash taxes actually paid or payable by the Borrowers during such period plus (iv) payments of the Management Fee actually made for such calculation period.