Common use of Fixed Charge Ratio Clause in Contracts

Fixed Charge Ratio. At the end of each Fiscal Quarter ending after the Closing Date, the ratio of (i) the sum of Consolidated EBITDA plus Consolidated Rental Expense to (ii) the sum of Consolidated Interest Expense plus Consolidated Rental Expense, all calculated for the period of four consecutive Fiscal Quarters then ended, will not be less than 2.0 to 1.

Appears in 6 contracts

Sources: Credit Agreement (Tenet Healthcare Corp), 364 Day Credit Agreement (Tenet Healthcare Corp), Credit Agreement (Tenet Healthcare Corp)