Covenant Fixed Charge Coverage Ratio Clause Samples
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Covenant Fixed Charge Coverage Ratio. Maintain a Covenant Fixed Charge Coverage Ratio of at least 1.20:1.00, determined as of the end of each month, measured on a trailing 6 month basis.
Covenant Fixed Charge Coverage Ratio. The Borrowers shall not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter during the existence of a Covenant Trigger Period to be less than 1.00 to 1.00. For the avoidance of doubt, a Covenant Trigger Period shall be deemed to exist starting with the last day of the fiscal quarter ending immediately prior to the date on which such Covenant Trigger Period shall have commenced and shall continue until the last day of each fiscal quarter thereafter until such Covenant Trigger Period is no longer continuing.