Corporate Fixed Charge Coverage Ratio. Lessee shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1 for each of its fiscal years during the Lease Term. For purposes of this Section, the term "Corporate Fixed Charge Coverage Ratio" shall mean with respect to that fiscal year, the ratio calculated for such fiscal year, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to that fiscal year, to (b) the sum of, without duplication, Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. Borrower shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1, determined as of the last day of each fiscal year of Borrower. For purposes of this Section, the term “Corporate Fixed Charge Coverage Ratio” shall mean with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to the period of determination, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. Until such time as all of Debtor's obligations under the Notes and the other Loan Documents are paid, satisfied and discharged in full, Debtor shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1, as determined on the last day of Debtor's fiscal year. For purposes of this Section, the term "Corporate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to the period of determination, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. Until such time as all of Debtor's obligations under the Notes and the other Loan Documents are paid, satisfied and discharged in full, Debtor shall
Corporate Fixed Charge Coverage Ratio. Borrower shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1, determined as of the last day of each fiscal year of Borrower. For purposes of this Section, the term "Corporate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time immediately preceding the date of determination (the first such period being the first full fiscal year of Borrower after the date hereof), the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense and Operating Lease Expense, minus income taxes or charges equivalent to income taxes allocable to the period of determination, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. It shall be an Event of Default hereunder if Parent Company shall fail to maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1, determined as of the last day of each fiscal year of Borrower. For purposes of this Section, the term "Corporate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Parent Company's Net Income, plus Interest Expense, plus Depreciation and Amortization expense, plus Operating Lease Expense, plus or minus other non-cash adjustments to Net Income (if any), less increases in officer or shareholder loans receivable, less dividends or distributions not otherwise expensed on the Borrower's income statement divided by the sum of Parent Company's aggregate Debt service (i.e. principal and interest) plus Capital Lease payments, plus Operating Lease expense paid in the applicable fiscal year. For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. Borrower shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.25:1, determined as of the last day of each fiscal year of Borrower. For purposes of this Section, the term "Corporate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Interest Expense, Income Taxes and Operating Lease Expense, plus or minus other non-cash adjustments or non-recurring items (as allowed by Lender), minus increases in officer or shareholders loan receivables, and minus dividends or distributions in excess of shareholder's estimated pass-through tax liabilities (in the event Borrower is treated as an S-Corp for federal income tax purposes) not otherwise expensed on the applicable income statement(s), to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Agreement, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. Borrower shall maintain a Corporate Fixed Charge Coverage Ratio of at least 1.20:1, as determined as of Borrower’s fiscal year end. For purposes of this Section, the term “Corporate Fixed Charge Coverage Ratio” shall mean with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (1) the sum of Net Income, Depreciation and Amortization, Interest Expense, income taxes, and Operating Lease Expense, plus or minus other non-cash adjustments or non-recurring items (as allowed by Lender), plus or minus changes in officer or shareholders loans and dividends or distributions not otherwise expensed on the Borrower’s income statement to (2) the sum of Operating Lease Expense, principal payments of long term Debt, maturities of all Capital Leases and Interest Expense (excluding non-cash interest expense and amortization of non-cash financing expenses). For purposes of this Section, the following terms shall be defined as set forth below:
Corporate Fixed Charge Coverage Ratio. Maintain a Fixed Charge Coverage Ratio of not less than 1.25 to 1.00.
Corporate Fixed Charge Coverage Ratio. Lessee and its consolidated subsidiaries (collectively, the "Consolidated Entities") shall collectively maintain a Corporate Fixed Charge Coverage Ratio of at least 1.50:1, calculated as of the last day of each fiscal quarter of Lessee (each, a "Fiscal Quarter"). For purposes of this Section, the term "Corporate Fixed Charge Coverage Ratio" shall mean with respect to the twelve month period of time immediately preceding the end of each Fiscal Quarter (each, a "12 Month Period"), the ratio calculated for such period of time, each as determined in accordance with GAAP, of (a) the sum of Net Income, Depreciation and Amortization, Net Interest Expense, non-cash asset disposition losses and Operating Lease Expense and eliminating the impact of nonrecurring gains and losses and LIFO inventory adjustments allocable to the applicable 12 Month Period, to (b) the sum of Operating Lease Expense, scheduled principal payments of long term Debt, scheduled maturities of all Capital Leases and Net Interest Expense allocable to the applicable 12 Month Period. If the Consolidated Entities shall fail to maintain a Corporate Fixed Charge Coverage Ratio of at least 1.50:1 for any 12 Month Period, the provisions of Section 8.B shall apply with respect to such 12 Month Period. For purposes of this Section, the following terms shall be defined as set forth below:
