Cash Flow Ratio. The ratio ("Cash Flow Ratio") of Consolidated Operating Cash Flow to Consolidated Debt Service:
Cash Flow Ratio. As of the last day of each fiscal --------------- quarter of the Borrower set forth below, the Cash Flow Ratio at such day will not be less than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Ratio -------------- ----- Fourth quarter of 1998 fiscal year 0.145:1 Thereafter 0.200:1
Cash Flow Ratio. The ratio (the "Cash Flow Ratio") as of the end of each fiscal quarter of the Borrower of (i) Consolidated Operating Cash Flow for the four consecutive fiscal quarters then ended to (ii) Consolidated Debt Service for the four consecutive fiscal quarters then ended shall not be less than 1.25 to 1.00.
Cash Flow Ratio. As of the last day of each fiscal quarter of the Borrower, the Cash Flow Ratio at such last day will not be greater than 2.0 to 1.
Cash Flow Ratio. (a) JLM Terminals shall maintain, as determined as of the end of each fiscal year of the JLM Entities, a Consolidated Cash Flow Ratio of not less than 1.25 to 1.00.
Cash Flow Ratio. The Company and other Loan Parties will not permit the Cash Flow Ratio to exceed the following respective amounts at any time during the following respective periods: Period Ratio From and including the Closing Date to and including December 31, 2015 6.50 to 1.00 On and after January 1, 2016 6.00 to 1.00.
Cash Flow Ratio. To maintain on a consolidated basis a Cash --------------- Flow Ratio of at least 1.6:1.0. As used herein, the term "Cash Flow Ratio" --------------- means the ratio of Cash Flow to the current portion of long term debt plus interest expense. "Cash Flow" is defined as net income from operations --------- (before extraordinary or nonrecurring gains or losses), minus taxes, plus depreciation, amortization and other non-cash charges, plus interest expense, minus dividends. This ratio will be calculated at the end of each fiscal quarter, using the results of that quarter and each of the 3 immediately preceding quarters. The current portion of long term debt will be measured as of the last day of the fiscal quarter preceding the date of calculation.
Cash Flow Ratio. The Company and other Loan Parties will not permit the Cash Flow Ratio to exceed the following respective ratios (the “Maximum Cash Flow Ratio”) at any time during the following respective periods: Period Ratio From and including the Closing Date to and including December 31, 2018 6.00 to 1.00 From and including January 1, 2019 to and including December 31, 2019 5.75 to 1.00 From and including January 1, 2020 to and including December 31, 2020 5.50 to 1.00 From and including January 1, 2021 to and including December 31, 2021 5.25 to 1.00 On and after January 1, 2022 5.00 to 1.00; provided, that in the event the Borrower or any Restricted Subsidiary consummates any Leveraging Acquisition at any time following the Closing Date, the applicable Maximum Cash Flow Ratio shall be increased from the amount in effect at such time (taking into account any increases resulting from Leveraging Acquisitions consummated during the four Quarters prior thereto) by an amount equal to the lesser of (i) the Incremental Leveraging Amount and (ii) 0.50 to 1.00, during the four Quarters immediately following the consummation of such Leveraging Acquisition (commencing with the Quarter in which such Leveraging Acquisition is consummated), provided, however, that in no event shall the Maximum Cash Flow Ratio be greater than 6.00 to 1.00.
Cash Flow Ratio. Section 5.12 of the Agreement is amended to read in its entirety as follows:
