Common use of Consolidated Fixed Charge Ratio Clause in Contracts

Consolidated Fixed Charge Ratio. Permit the Consolidated Fixed Charge Ratio as at the last day of any period of twelve consecutive months of the Borrower ending on the last day of any fiscal quarter (commencing with the fiscal quarter ending March 31, 2017) to be less than 3.50:1.00.”

Appears in 1 contract

Samples: Credit Agreement (Carbonite Inc)

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Consolidated Fixed Charge Ratio. Permit the Consolidated Fixed Charge Ratio as at the last day of any period of twelve consecutive months of the Borrower ending on At the last day of any fiscal quarter (commencing with quarter, the ratio of Earnings Available for Fixed Charges to Consolidated Fixed Charges, in each case for the four consecutive fiscal quarter ending March 31quarters then ended, 2017) to will not be less than 3.50:1.00.”the ratio set forth below opposite the period in which such last day falls: PERIOD RATIO Effective Date-12/30/98 1.10:1 12/31/98-12/30/99 1.25:1 12/31/99 and thereafter 1.50:1

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)

Consolidated Fixed Charge Ratio. Permit the Consolidated Fixed Charge Ratio as at the last day of any period of twelve consecutive months of the Borrower ending on At the last day of any fiscal quarter (commencing with set forth below, the ratio of Earnings Available for Fixed Charges to Consolidated Fixed Charges, in each case for the four consecutive fiscal quarter ending March 31quarters then ended, 2017) to will not be less than 3.50:1.00.”the ratio set forth in Column I below opposite such fiscal quarter (or, if the Additional Debt Date shall have occurred on or prior to the last day of such fiscal quarter, the ratio set forth in Column II below opposite such fiscal quarter):

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)

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Consolidated Fixed Charge Ratio. Permit the Consolidated Fixed Charge Ratio as at the last day of any period of twelve consecutive months of the Borrower ending on At the last day of any fiscal quarter quarter, the ratio of Earnings Available for Fixed Charges to Consolidated Fixed Charges, in each case for the four consecutive fiscal quarters then ended, will not be less than (commencing with the i) for any fiscal quarter ending March on or before September 30, 1999, 1.10 to 1 and (ii) for any fiscal quarter ending on or after December 31, 2017) 1999, 1.25 to be less than 3.50:1.001.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)

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