Basic Fixed Charge Coverage Ratio. To maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio as of the end of each fiscal quarter and each fiscal year of at least 1.50:1.
Appears in 2 contracts
Sources: Loan Agreement (Grand Canyon Education, Inc.), Loan Agreement (Grand Canyon Education, Inc.)
Basic Fixed Charge Coverage Ratio. To maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio as of not to exceed the ratios indicated below for each period specified below. The ratio will be calculated at the end of each fiscal quarter and each fiscal year using the results of at least 1.50:1preceding twelve months.
Appears in 1 contract
Sources: Loan Agreement (Key Technology Inc)