{"component": "clause", "props": {"groups": [{"samples": [{"hash": "3X9A9DrySWw", "uri": "/contracts/3X9A9DrySWw#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Grand Canyon Education, Inc.)", "score": 22.3497604381, "published": true}, {"hash": "7HIEV2lA1B9", "uri": "/contracts/7HIEV2lA1B9#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Grand Canyon Education, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "to-maintain", "type": "clause", "offset": [0, 11]}, {"key": "consolidated-basis", "type": "clause", "offset": [17, 35]}, {"key": "fiscal-quarter", "type": "clause", "offset": [94, 108]}, {"key": "fiscal-year", "type": "definition", "offset": [118, 129]}], "size": 3, "snippet": "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.", "hash": "435b97d2f546f31cb0075d11d5393801", "id": 3}, {"samples": [{"hash": "9ZqWsdiqCeG", "uri": "/contracts/9ZqWsdiqCeG#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Radiant Logistics, Inc)", "score": 22.9301848049, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "the-parent", "type": "clause", "offset": [16, 26]}, {"key": "consolidated-basis", "type": "clause", "offset": [42, 60]}, {"key": "ratio-of", "type": "clause", "offset": [91, 99]}, {"key": "sum-of", "type": "clause", "offset": [199, 205]}, {"key": "income-tax", "type": "definition", "offset": [220, 230]}, {"key": "distributions-to", "type": "clause", "offset": [272, 288]}, {"key": "interest-expense", "type": "clause", "offset": [304, 320]}, {"key": "current-portion-of-long-term-debt", "type": "definition", "offset": [329, 362]}, {"key": "capitalized-lease-obligations", "type": "definition", "offset": [390, 419]}, {"key": "interest-and-principal-payments", "type": "definition", "offset": [421, 452]}, {"key": "cash-payments", "type": "definition", "offset": [465, 478]}, {"key": "not-limited", "type": "clause", "offset": [494, 505]}, {"key": "related-to", "type": "clause", "offset": [516, 526]}, {"key": "senior-bank-debt", "type": "definition", "offset": [527, 543]}, {"key": "mezzanine-debt", "type": "definition", "offset": [545, 559]}, {"key": "seller-notes", "type": "definition", "offset": [561, 573]}, {"key": "at-the-end-of", "type": "clause", "offset": [709, 722]}, {"key": "reporting-period", "type": "definition", "offset": [728, 744]}, {"key": "the-bank", "type": "clause", "offset": [755, 763]}, {"key": "financial-statements", "type": "clause", "offset": [773, 793]}, {"key": "results-of-the", "type": "clause", "offset": [805, 819]}, {"key": "period-ending", "type": "definition", "offset": [833, 846]}, {"key": "prior-to-the", "type": "clause", "offset": [971, 983]}], "size": 1, "snippet": "With respect to the Parent, maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25 to 1. As used herein, \"Basic Fixed Charge Coverage Ratio\" means the ratio of (a) the sum of EBITDA, minus income tax, minus dividends, withdrawals, and other distributions to (b) the sum of interest expense and the current portion of long term debt and the current portion of capitalized lease obligations. Interest and principal payments include all cash payments, including but not limited to, those related to senior bank debt, mezzanine debt, seller notes, and realized earn-out payments. As used herein, \"EBITDA\" has the meaning given in Section 9.4(c) above. This ratio will be calculated at the end of each reporting period for which the Bank requires financial statements, using the results of the twelve-month period ending with that reporting period. 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This ratio will be calculated as of the last day of each fiscal quarter for which this Agreement requires Borrowers to deliver financial statements, using the results of the twelve-month period ending on the last day of such fiscal quarter. The current portion of long-term liabilities will be measured as of the date twelve (12) months prior to the current financial statement.\u201d", "hash": "637df124319c3d2bc947577e22727acb", "id": 2}, {"samples": [{"hash": "6y42cGdHuJo", "uri": "/contracts/6y42cGdHuJo#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Lifeloc Technologies, Inc)", "score": 26.2128678987, "published": true}, {"hash": "5K3AjObUQeP", "uri": "/contracts/5K3AjObUQeP#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Lifeloc Technologies, Inc)", "score": 26.2128678987, "published": true}, {"hash": "lDndMyM4g3j", "uri": "/contracts/lDndMyM4g3j#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Merit Medical Systems Inc)", "score": 19.0, "published": true}], "snippet_links": [{"key": "to-maintain", "type": "clause", "offset": [0, 11]}, {"key": "consolidated-basis", "type": "clause", "offset": [17, 35]}, {"key": "ratio-of", "type": "clause", "offset": [66, 74]}], "size": 25, "snippet": "To maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 1.25:1.0.", "hash": "a85ad4014f72f14df2ca6889ee360013", "id": 1}, {"samples": [{"hash": "dtcx8Tjmi1M", "uri": "/contracts/dtcx8Tjmi1M#basic-fixed-charge-coverage-ratio", "label": "Loan Modification Agreement (Radiant Logistics, Inc)", "score": 19.2381930185, "published": true}], "snippet_links": [{"key": "section-95", "type": "clause", "offset": [0, 11]}, {"key": "the-agreement", "type": "clause", "offset": [15, 28]}, {"key": "replaced-with", "type": "clause", "offset": [60, 73]}], "size": 1, "snippet": "Section 9.5 of the Agreement is deleted in its entirety and replaced with the following:", "hash": "80f98efc65020f016b04781b0ba7a7f7", "id": 7}, {"samples": [{"hash": "hNe5StlSR2B", "uri": "/contracts/hNe5StlSR2B#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Lifevantage Corp)", "score": 33.288843258, "published": true}], "snippet_links": [{"key": "to-maintain", "type": 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{"key": "capital-losses", "type": "definition", "offset": [305, 319]}, {"key": "distributions-and-dividends", "type": "clause", "offset": [327, 354]}, {"key": "advances-to-affiliates", "type": "clause", "offset": [384, 406]}, {"key": "divided-by", "type": "clause", "offset": [408, 418]}, {"key": "scheduled-principal-payments", "type": "definition", "offset": [430, 458]}, {"key": "term-debt", "type": "definition", "offset": [467, 476]}, {"key": "capital-leases", "type": "clause", "offset": [481, 495]}, {"key": "at-the-end-of", "type": "clause", "offset": [574, 587]}, {"key": "reporting-period", "type": "definition", "offset": [593, 609]}, {"key": "the-bank", "type": "clause", "offset": [620, 628]}, {"key": "financial-statements", "type": "clause", "offset": [638, 658]}, {"key": "from-borrower", "type": "clause", "offset": [659, 672]}, {"key": "results-of-the", "type": "clause", "offset": [684, 698]}, {"key": "period-ending", "type": "definition", "offset": [712, 725]}, {"key": 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This ratio will be calculated at the end of each reporting period for which the Bank requires financial statements from Borrower, using the results of the twelve-month period ending with that reporting period. The calculation of scheduled principal payments on long term debt and capital leases will be based on the 12-month period immediately following the reporting period for which the Bank requires financial statements. Covenant to be measured on a combined basis, with AMC Group Inc., and Diversified Restaurant Holdings, Inc.", "hash": "a1495fc68a13449ba3c9c5b53dbc9d62", "id": 9}, {"samples": [{"hash": "fcTG099X02E", "uri": "/contracts/fcTG099X02E#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Daktronics Inc /Sd/)", "score": 22.8754277892, "published": true}, {"hash": "37vpCnltHKY", "uri": "/contracts/37vpCnltHKY#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Daktronics Inc /Sd/)", "score": 22.8754277892, "published": true}], "snippet_links": [{"key": "consolidated-basis", "type": "clause", "offset": [14, 32]}, {"key": "ratio-of", "type": "clause", "offset": [63, 71]}, {"key": "annual-basis", "type": "clause", "offset": [102, 114]}, {"key": "sum-of", "type": "clause", "offset": [226, 232]}, {"key": "dividends-or-other-distributions", "type": "clause", "offset": [241, 273]}, {"key": "with-the-exception-of", "type": "clause", "offset": [275, 296]}, {"key": "special-cash-dividend", "type": "definition", "offset": [301, 322]}, {"key": "common-stock-to-be", "type": "clause", "offset": [345, 363]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [369, 386]}, {"key": "second-quarter", "type": "clause", "offset": [387, 401]}, {"key": "fiscal-year-2011", "type": "definition", "offset": [405, 421]}, {"key": "maintenance-capital-expenditures", "type": "definition", "offset": [443, 475]}, {"key": "tax-expense", "type": "definition", "offset": [518, 529]}, {"key": "required-principal-and-interest-payments", "type": "clause", "offset": [541, 581]}, {"key": "with-respect-to", "type": "clause", "offset": [582, 597]}, {"key": "not-limited", "type": "clause", "offset": [626, 637]}, {"key": "all-payments", "type": "clause", "offset": [641, 653]}, {"key": "obligations-of-borrower", "type": "clause", "offset": [688, 711]}, {"key": "period-of-determination", "type": "clause", "offset": [737, 760]}, {"key": "net-income", "type": "clause", "offset": [766, 776]}, {"key": "income-taxes", "type": "clause", "offset": [811, 823]}, {"key": "interest-expense", "type": "clause", "offset": [825, 841]}, {"key": "depreciation-and-amortization", "type": "definition", "offset": [843, 872]}, {"key": "in-accordance-with", "type": "definition", "offset": [892, 910]}, {"key": "represented-by", "type": "definition", "offset": [988, 1002]}, {"key": "other-debt-securities", "type": "clause", "offset": [1025, 1046]}, {"key": "principal-reductions", "type": "definition", "offset": [1055, 1075]}, {"key": "the-revolving-note", "type": "clause", "offset": [1079, 1097]}], "size": 2, "snippet": "Maintain on a consolidated basis a Basic Fixed Charge Coverage Ratio of at least 2.0:1.0 tested on an annual basis as of the end of each fiscal year. \u201cBasic Fixed Charge Coverage Ratio\u201d means the ratio of (a) EBITDA minus the sum of (i) any dividends or other distributions (with the exception of the special cash dividend of $0.50 per share of common stock to be paid at the end of the second quarter of fiscal year 2011), (ii) a reserve for maintenance capital expenditures in the amount of $6,000,000.00, and (iii) tax expense to (b) all required principal and interest payments with respect to Indebtedness (including but not limited to all payments with respect to capitalized lease obligations of Borrower.) \u201cEBITDA\u201d means for any period of determination, the net income of Borrower before deductions for income taxes, interest expense, depreciation and amortization, all as determined in accordance with GAAP. \u201cIndebtedness\u201d means all interest-bearing obligations, including those represented by bonds, debentures, or other debt securities, except principal reductions on the Revolving Note.", "hash": "6f8d96e3b27ff3914a271b5dec3cdc88", "id": 4}, {"samples": [{"hash": "jH4wwdijrbE", "uri": "/contracts/jH4wwdijrbE#basic-fixed-charge-coverage-ratio", "label": "Loan Agreement (Key Technology Inc)", "score": 26.2238193018, "published": true}], "snippet_links": [{"key": "section-85", "type": "clause", "offset": [0, 11]}, {"key": "the-loan-agreement", "type": "clause", "offset": [15, 33]}, {"key": "amended-and-restated", "type": "definition", "offset": [37, 57]}], "size": 1, "snippet": "Section 8.5 of the Loan Agreement is amended and restated in its entirety to read as follows:", "hash": "b9326a8f98c30a583cbdee0c02c0e758", "id": 10}], "next_curs": "CmoSZGoVc35sYXdpbnNpZGVyY29udHJhY3RzckYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IipiYXNpYy1maXhlZC1jaGFyZ2UtY292ZXJhZ2UtcmF0aW8jMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [], "title": "Basic Fixed Charge Coverage Ratio", "size": 49, "parents": [["covenants", "COVENANTS"], ["financial-covenants", "Financial Covenants"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["amendments-to-article-vi", "Amendments to Article VI"], ["merchantable-inventory-compliance-with-fsla", "Merchantable Inventory; 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