Minimum Fixed Charge Coverage Ratio definition

Minimum Fixed Charge Coverage Ratio means the sum of EBITDA and rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and the Operating Lease, for a given period, divided by the sum of (A) interest expense (which shall not include interest on the Subordinated Debt which is deferred and not paid), (B) rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and Operating Lease, (C) principal payments on the Subordinated Debt, the Bonds and any other permitted debt, and (D) Unfunded Capital Expenditures in the amounts disclosed by Borrower in its financial statements, for such period.
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Minimum Fixed Charge Coverage Ratio means, for any Calculation Period, the ratio of (a) Adjusted Consolidated EBITDA, to (b) Consolidated Fixed Charges, in each case for such Calculation Period.
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Minimum Fixed Charge Coverage Ratio means, as of the close of any Fiscal Quarter, commencing with the close of the Fiscal Quarter in which the Conversion Date occurs, the ratio computed for the period consisting of such Fiscal Quarter (or such shorter period of any Fiscal Quarter after the occurrence therein of the Conversion Date and each of the three immediately prior Fiscal Quarters (or such lesser number of Fiscal Quarters to have closed since the Conversion Date) of:
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Examples of Minimum Fixed Charge Coverage Ratio in a sentence

  • Permit the Minimum Fixed Charge Coverage Ratio to be less than 1.50:1.00 as of the last day of any fiscal quarter of the Borrower.

  • Such other information (including non-financial information) as the Administrative Agent, the LC Bank or any Lender may from time to time reasonably request; provided, however, that at any time that no Minimum Fixed Charge Coverage Ratio Period or Event of Default has occurred and is continuing, the Administrative Agent will not request an Interim Report be furnished with respect to the Pool Receivables.

  • The Minimum Fixed Charge Coverage Ratio shall be calculated utilizing a ratio wherein (a) the numerator shall be: EBITDA plus operating lease expense minus (i) maintenance capital expenditures of $300,000 during each fiscal year period, (ii) income taxes paid or payable, (iii) dividends and distributions and (b) the denominator shall be (i) interest paid or payable, plus (ii) operating lease expense, plus (iii) scheduled amortization of long term debt (all as calculated in accordance with GAAP).

  • The Borrowers have requested that their compliance with (a) the "Total Debt to EBITDA Ratio" covenant for the twelve month periods ended March 28, 1999 and June 27, 1999, and (b) the "Minimum Fixed Charge Coverage Ratio" covenant for the twelve month period ended June 27, 1999, which covenants are set forth in Annex E (Section 6.10) of the Credit Agreement, be waived up to and until October 1, 1999 .

  • Such other information (including non-financial information) as the Administrative Agent, the LC Bank or any Lender may from time to time reasonably request, including any information available to the Borrower, the Servicer, the Transferor or any Originator; provided, however, that at any time that no Minimum Fixed Charge Coverage Ratio Period or Event of Default has occurred and is continuing, the Administrative Agent will not request an Interim Report be furnished with respect to the Pool Receivables.


More Definitions of Minimum Fixed Charge Coverage Ratio

Minimum Fixed Charge Coverage Ratio is hereby deleted in its entirety and replaced as follows:
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Minimum Fixed Charge Coverage Ratio is defined as Borrowers EBITDA plus rent and operating lease payments, less cash taxes paid, distributions, dividends and capital expenditures (other than Capital Expenditures financed with the proceeds of purchase money Indebtedness or Capital Leases to the extent permitted hereunder) and other extraordinary income for the twelve month period then ending, to: (b) the consolidated sum of: (i) Borrowers interest expense; and (ii) all principal payments with respect to Indebtedness, including capital leases and subordinated debt, that were paid or were due and payable by Borrowers during the period, plus rent and operating lease expense incurred in the same such period.
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Minimum Fixed Charge Coverage Ratio means the ratio of (a) the sum of EBITDA minus cash taxes to (b) the sum of cash interest expense, plus scheduled principal repayments of the indebtedness and the current portion of capitalized lease obligations, and non-acquisition maintenance capital expenditures.
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Minimum Fixed Charge Coverage Ratio means: EBITDAL ------------------------------------ Interest Expense* + PPLTD + Rent/Lease Expenses + Maintenance Capital Expenditures (*"Interest Expense" excludes any accrued but not paid Subordinated Debt interest.)
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Minimum Fixed Charge Coverage Ratio means the sum of EBITDA and rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and the Operating Lease, for a given period, divided by the sum of (1) interest expense (which shall not include interest on the Subordinated Debt which is deferred and not paid), (2) rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and Operating Lease, (3) principal payments on the Subordinated Debt, the Bonds, and any other permitted debt, and (4) Unfunded Capital Expenditures in the amounts disclosed by Lessee in its financial statements, for such period.
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Minimum Fixed Charge Coverage Ratio means, for any period, the ratio of:
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Minimum Fixed Charge Coverage Ratio. As of any fiscal quarter end, permit the ratio of (a) the sum of (i) EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date minus (ii) Capital Expenditures for such period to (b) Fixed Charges for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to be less than the corresponding ratio set forth below; provided that (i) for the fiscal quarter ending 12/31/01, Fixed Charges (other than cash taxes) shall be calculated by multiplying the actual amount of Fixed Charges (other than cash taxes) for such fiscal quarter by four (4), (ii) for the fiscal quarter ending 3/31/02, Fixed Charges (other than cash taxes) shall be calculated by multiplying the actual amount of Fixed Charges (other than cash taxes) for such two fiscal quarters by two (2), and (iii) for the fiscal quarter ending 6/30/02, Fixed Charges (other than cash taxes) shall be calculated by multiplying the actual amount of Fixed Charges (other than cash taxes) for such three fiscal quarters by four-thirds (4/3), and for each of the foregoing fiscal quarters, cash taxes shall be calculated on the basis of actual cash taxes during the four (4) consecutive fiscal quarter period ending on such date. Period Ratio ------ ----- Fiscal quarters ending 1.20 to 1.00 12/31/01 through 3/31/02 Fiscal quarters ending 1.25 to 1.00 6/30/02 through 12/31/03 Fiscal quarters ending 1.50 to 1.00 3/31/04 and thereafter
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