Common use of Basic Fixed Charge Coverage Ratio Clause in Contracts

Basic Fixed Charge Coverage Ratio. To maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25:1.0. “Basic Fixed Charge Coverage Ratio” means the ratio of (a) EBITDA less Maintenance Capital Expenditures to (b) the sum of interest expense, the current portion of long term debt (not including the Line of Credit), the current portion of Subordinated Liabilities (as defined in Section 7.3), the

Basic Fixed Charge Coverage Ratio. To The Borrower shall maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25:1.02.0 to 1 (calculated as of the end of each fiscal quarter on a rolling four quarter basis). For purposes hereof, the “Basic Fixed Charge Coverage Ratio” means the ratio of (a) EBITDA less Maintenance Capital Expenditures (as defined above) minus income taxes, minus dividends, withdrawals, other distributions and stock redemption amounts, to (b) the sum of interest expense, the current portion of long term debt (not including the Line of Credit), and the current portion of Subordinated Liabilities (as defined in Section 7.3), thecapitalized lease obligations.