Fixed Charge Coverage Ratio Covenant Clause Samples

Fixed Charge Coverage Ratio Covenant. The Consolidated Entities shall not permit its ratio of (A) net income before income tax expense, plus amortization expense, depreciation expense, interest expense, rent and operating lease payments, minus any distributions or dividends, for the twelve (12) month period then ending, to (B) prior period current maturities of long term debt and capital leases, interest expense, cash taxes paid, rent and operating lease payments, for the same such period, to be less than (x) 1.30 to 1.00 as of the end of the fiscal quarter of Borrower ending on March 3, 2007, (y)

Fixed Charge Coverage Ratio Covenant. During the continuance of a Covenant Compliance Event, the Loan Parties shall not permit the Fixed Charge Coverage Ratio, calculated for any Reference Period as of the last day of each fiscal month commencing with the fiscal month immediately prior to the date that the Covenant Compliance Event occurs, to be less than 1.0:1.0. 1. Is covenant required to be tested? Yes o No o 2. If covenant is required to be tested, in compliance? Yes o No o

Fixed Charge Coverage Ratio Covenant. Maintain a Fixed Charge Coverage Ratio of at least 1.20:1.00 at the end of each fiscal quarter on a trailing 4 fiscal quarter basis.

Fixed Charge Coverage Ratio Covenant. Borrower hereby covenants and agrees not to permit the Ratio of EBITDA to Fixed Charges for each period set forth below to be less than the amount set forth below for such period: PERIOD AMOUNT ------ ------ Twelve (12) month period ending on 2.0 to 1.0 November 30, 2001 and each twelve (12) month period thereafter ending on the last day of each of Borrower's fiscal quarters. Wegener Communications, Inc. June 28, 2002 Page 11 ▇▇▇ purposes of this paragraph (9).(1) of this Exhibit A, "RATIO OF EBITDA TO FIXED Charges" means the ratio of (x) net income (or loss) for the applicable period of measurement determined in accordance with generally accepted accounting principles, plus any provision for (or less any benefit from) income and franchise taxes included in the determination of net income, plus interest expense deducted in the determination of net income, plus amortization and depreciation deducted in the determination of net income, plus extraordinary losses (or less gains), as defined under generally accepted accounting principles to (y) without duplication, scheduled payments of principal during the applicable period of measurement with respect to all indebtedness of Borrower for borrowed money, plus scheduled payments of principal during the applicable period of measurement with respect to all capital lease obligations, plus scheduled payments of interest during the applicable period of measurement with respect to all indebtedness of Borrower for borrowed money and with respect to all capital lease obligations, plus unfinanced capital expenditures during the applicable period of measurement for the purchase or other acquisition of fixed assets, plus payments during the applicable period of measurement in respect of income or franchise taxes.

Fixed Charge Coverage Ratio Covenant. Section 5.19 of the Credit Agreement is amended by replacing the ratios set forth in the table therein, solely for the Fiscal Quarters set forth below, with the following ratios (and the remainder of such table shall remain without amendment): Fiscal Quarter Ratio Third Fiscal Quarter 1996 1.05:1 Fourth Fiscal Quarter 1996 1.45:1 First Fiscal Quarter 1997 1.30:1 Second Fiscal Quarter 1997 1.35:1 Third Fiscal Quarter 1997 1.55:1 Fourth Fiscal Quarter 1997 1.65:1

Fixed Charge Coverage Ratio Covenant. (Section 6.7(a) of Loan Agreement) Required: Fixed Charge Coverage Ratio as at the last day of any period of two consecutive fiscal quarters ending with any fiscal quarters set forth below to be not less than the ratio set forth below opposite such fiscal quarters: Actual: A. EBITDA (from Line II.C above) $____________ B. Unfunded capital expenditures $____________ C. Line A minus Line B $____________ D. Scheduled payments of principal and interest on all Indebtedness (for the same two rolling quarters, but excluding the pay-off or pre-payment of Indebtedness to Jefferies Finance LLC on or before July 3, 2008) $____________ E. Fixed Charge Coverage Ratio _____:1.00 Is line III.E equal to or greater than the required ratios set forth above? _________ No, not in compliance __________ Yes, in compliance

Fixed Charge Coverage Ratio Covenant. The Consolidated Entities shall not permit its ratio of (A) net income, plus amortization expense, depreciation expense, interest expense, income tax expense, rent, operating lease payments, and non-cash stock compensation expense, minus any distributions or dividends or stock repurchases (other than stock repurchases funded with amortizing debt) minus Unfunded Capital Expenditures, for the twelve (12) month period then ending, to (B) prior period current maturities of long term debt and capital leases, interest expense, cash taxes paid, rent and operating lease payments, for the same such period, to be less than 1.15 to 1.00 as of the end of each fiscal quarter of Borrower. As used in this Section 6.8(b), the term “Unfunded Capital Expenditures” means Capital Expenditures paid in cash or funded with non-amortizing debt. Minimum Ratio for Reporting Period: 1.15 to 1.00 Actual Ratio for Reporting Period: ___________ In Compliance: Yes ¨ No ¨

Fixed Charge Coverage Ratio Covenant. The Consolidated Entities shall not permit its ratio of (A) net income before income tax expense, plus amortization expense, depreciation expense, interest expense, rent and operating lease payments, minus any distributions or dividends, for the twelve (12) month period then ending, to (B) prior period current maturities of long term debt and capital leases, interest expense, cash taxes paid, rent and operating lease payments, for the same such period, to be less than 1.50 to 1.00 as of the end of each fiscal quarter of Borrower. Minimum Ratio for Reporting Period: 1.50 to 1.00 Actual Ratio for Reporting Period: ____________ In Compliance: Yes ¨ No ¨

Fixed Charge Coverage Ratio Covenant. From any date on which Availability is less than $40,000,000 (such occurrence being a “FCC Triggering Event”) and at all times thereafter until the last day of a period of ninety (90) consecutive days during which the average daily Availability is at least $45,000,000, Parent and its Subsidiaries shall maintain a Fixed Charge Coverage Ratio of at least 1.0 to 1.0 calculated at the end of each Fiscal Month (commencing with the Fiscal Month most recently ended prior to such FCC Triggering Event for the period of 12 consecutive Fiscal Months then ending.