Common use of Consolidated Fixed Charge Coverage Clause in Contracts

Consolidated Fixed Charge Coverage. Loan Parties shall not permit the Consolidated Fixed Charge Coverage Ratio, tested as of the last day of each Fiscal Quarter, to be less than (i) 1.10 to 1.00 as of the Fiscal Quarters ending March 31, 2021, and June 30, 2021, and (ii) 1.15 to 1.00 as of the Fiscal Quarter ending September 30, 2021, and as of the last day of any Fiscal Quarter thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (S&W Seed Co)

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Consolidated Fixed Charge Coverage. Loan Parties shall not permit the Consolidated Fixed Charge Coverage Ratio, tested as of the last day of each Fiscal Quarter, to be less than (i) 1.10 1.15 to 1.00 as of for any Fiscal Quarter from and after the Fiscal Quarters Quarter ending March 31, 2021. For purposes of clarification, and June 30, 2021, and (ii) 1.15 to 1.00 as of the Consolidated Fixed Charge Coverage Ratio shall not be tested for the Fiscal Quarter Quarters ending September 30, 20212020 and December 31, and as of the last day of any Fiscal Quarter thereafter2020.

Appears in 1 contract

Samples: Loan and Security Agreement (S&W Seed Co)

Consolidated Fixed Charge Coverage. Loan Parties shall not permit the Consolidated Fixed Charge Coverage Ratio, tested Ratio as of the last day of each Fiscal QuarterQuarter from and after the Fiscal Quarter ending June 30, 2024 to be less than (i) 1.10 to 1.00 as 1.00, tested on the date of delivery of and with reference to the Fiscal Quarters ending March 31, 2021, and June 30, 2021, and (iifinancial statements delivered pursuant for each such quarter pursuant to Section 9.3(ii) 1.15 to 1.00 as of the Fiscal Quarter ending September 30, 2021, and as of the last day of any Fiscal Quarter thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (S&W Seed Co)

Consolidated Fixed Charge Coverage. Loan Parties shall not permit the Consolidated Fixed Charge Coverage Ratio, tested as of the last day of each Fiscal Quarter, to be less than (i) 1.10 1.00 to 1.00 as of the Fiscal Quarters Quarter ending March 31, 20212022, and June 30, 2021, and or (ii) 1.15 to 1.00 as of the Fiscal Quarter ending September June 30, 20212022, and or as of the last day of any Fiscal Quarter thereafter. For the avoidance of doubt, the Consolidated Fixed Charge Coverage Ratio shall not be tested for the Fiscal Quarters ended September 30, 2021 and December 31, 2021. Consolidated Fixed Charge Coverage Ratio shall be calculated on a trailing twelve (12) month basis.

Appears in 1 contract

Samples: Loan and Security Agreement (S&W Seed Co)

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Consolidated Fixed Charge Coverage. Loan Parties shall not permit the Consolidated Fixed Charge Coverage Ratio, tested as of the last day of each Fiscal Quarter, to be less than (iX) 1.10 to 1.00 as of for any Fiscal Quarter from the Fiscal Quarters Quarter ending March 31, 2020, through and including the Fiscal Quarter ending March 31, 2021, or (Y) 1.15 to 1.00 for any Fiscal Quarter from and after the Fiscal Quarter ending June 30, 2021, and (ii) 1.15 to 1.00 as of the Fiscal Quarter ending September 30, 2021, and as of the last day of any Fiscal Quarter thereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (S&W Seed Co)

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