Consolidated EBITDA to Consolidated Fixed Charges Sample Clauses
The "Consolidated EBITDA to Consolidated Fixed Charges" clause defines a financial covenant that requires a borrower to maintain a minimum ratio of its consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) to its consolidated fixed charges, such as interest payments and lease obligations. This ratio is typically calculated on a quarterly or annual basis using figures from the borrower's consolidated financial statements, and it may be tested as a condition for ongoing compliance with a loan agreement. The core function of this clause is to ensure that the borrower generates sufficient operating income to cover its fixed financial obligations, thereby reducing the lender's risk of default.
Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not at any time permit the ratio of Consolidated EBITDA determined for the most recently ended four (4) calendar quarters to Consolidated Fixed Charges for the most recently ended four (4) calendar quarters, to be less than 1.50 to 1.00.
Consolidated EBITDA to Consolidated Fixed Charges. For each ------------------------------------------------- period of four consecutive fiscal quarters of the Company, commencing with the period ending on June 30, 1999, Consolidated EBITDA shall exceed 120% of Consolidated Fixed Charges.
Consolidated EBITDA to Consolidated Fixed Charges. [ ]:1.00 Covenant Requirement Greater than or equal to 1.00:1.00 Bank of America, N.A. ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, 11th Floor Mailcode TX1-492-11-23 ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: H. ▇▇▇▇▇▇▇ ▇▇▇▇▇, Senior Vice President, Business Capital Ladies and Gentlemen: This Interest Election Request is delivered to you pursuant to Section 2.08 of the Amended and Restated Revolving Credit and Guaranty Agreement dated as of October 7, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Philadelphia Energy Solutions Refining and Marketing LLC, a Delaware limited liability company (the “Borrower”), the Guarantors party thereto from time to time, the Lenders party thereto from time to time, Bank of America, N.A., as sole lead arranger and sole bookrunner, Bank of America, N.A., as swingline lender, the Issuing Banks from time to time party thereto, and Bank of America, N.A., as administrative agent and as collateral agent. Capitalized terms used but not defined herein have the meanings ascribed to them in the Credit Agreement. The Borrower hereby requests that on [ ](13) (the “Interest Election Date”),
Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries for such period to be less than 1.45 to 1.00; provided, however, that commencing with the fiscal quarter beginning on July 1, 2020, (i) the Borrower will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries for such period to be less than 1.50 to 1.00, and (ii) until four (4) full fiscal quarters shall have elapsed thereafter, for purposes of determining compliance with this §9.6, Consolidated EBITDA and Consolidated Fixed Charges shall be annualized using only the full fiscal quarters having elapsed from and after July 1, 2020.”;
Consolidated EBITDA to Consolidated Fixed Charges. The Borrower will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Borrower, the Guarantors and their respective Subsidiaries for such period to be less than 1.50 to 1.00; provided, however, that, until four (4) full fiscal quarters shall have elapsed from and after July 1, 2020, for purposes of determining compliance with this §9.6, Consolidated EBITDA and Consolidated Fixed Charges shall be annualized using only the full fiscal quarters having elapsed from and after July 1, 2020.
Consolidated EBITDA to Consolidated Fixed Charges. Permit the ratio of (i) the sum of (A) Consolidated EBITDA for any Rolling Period ended during the term of this Agreement minus (B) Consolidated Capital Expenditures made during such period minus (C) cash taxes paid during such period, to (ii) Consolidated Fixed Charges for such period to be less than 1.5 to 1.0.
Consolidated EBITDA to Consolidated Fixed Charges. Consolidated EBITDA (T-12)
Consolidated EBITDA to Consolidated Fixed Charges. Permit the ratio of Consolidated EBITDA to Consolidated Fixed Charges of HCC and its Subsidiaries for the four consecutive fiscal quarters of HCC most recently ended to be less than 1.5 to 1.0.
Consolidated EBITDA to Consolidated Fixed Charges. The Company will not permit the ratio of Consolidated EBITDA for the Calculation Period to Consolidated Fixed Charges of the Company, the Guarantors and their respective Subsidiaries for such period to be less than 1.50 to 1.00.
Consolidated EBITDA to Consolidated Fixed Charges. Permit the ratio of Consolidated EBITDA to Consolidated Fixed Charges for (i) the period of four consecutive fiscal quarters ending at December 31, 1996 to be less than 0.80:1.00 or (ii) any period of four consecutive fiscal quarters ending thereafter to be less than 1.00:1.00.