Common use of Maintain Fixed Charge Coverage Ratio Clause in Contracts

Maintain Fixed Charge Coverage Ratio. Maintain as of the end of each fiscal quarter of Company a Fixed Charge Coverage Ratio of not less than the following amounts during the periods specified below: from the Closing Date through December 30, 1999....... .89 to 1.0 from December 31, 1999 through December 30, 2000...... .89 to 1.0 from December 31, 2000 through December 30, 2001...... .89 to 1.0 from December 31, 2001 through December 30, 2002...... .89 to 1.0 from December 31, 2002 through December 30, 2003...... .94 to 1.0 from December 31, 2003 and thereafter................. .98 to 1.0

Appears in 1 contract

Sources: Note, Warrant and Preferred Stock Purchase Agreement (Mce Companies Inc)

Maintain Fixed Charge Coverage Ratio. Maintain as of the end of each fiscal quarter of Company a Fixed Charge Coverage Ratio of not less than the following amounts during the periods specified below: from the Closing Date through December 30, 1999....... .89 ..................................................89 to 1.0 from December 31, 1999 through December 30, 2000...... .89 .................................................89 to 1.0 from December 31, 2000 through December 30, 2001...... .89 .................................................89 to 1.0 from December 31, 2001 through December 30, 2002...... .89 .................................................89 to 1.0 from December 31, 2002 through December 30, 2003...... .94 .................................................94 to 1.0 from December 31, 2003 and thereafter................. .98 ............................................................98 to 1.0

Appears in 1 contract

Sources: Senior Subordinated Note and Warrant Purchase Agreement (Mce Companies Inc)