Common use of Fixed Charge Coverage Ratios Clause in Contracts

Fixed Charge Coverage Ratios. (i) Silverback shall maintain on a consolidated basis with its consolidated Subsidiaries, including, without limitation Tenrox Canada, Tenrox US, PowerSteering, PowerSteering UK and Visionael, and commencing with the fiscal quarter ending March 31, 2013, LMR Solutions, as of the last day of each fiscal quarter, a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00. (ii) PowerSteering and Visionael, and commencing with the fiscal quarter ending March 31, 2013, LMR Solutions, shall maintain on a combined basis, as of the last day of each fiscal quarter, a Fixed Charge Coverage Ratio of not less than 1.15 to 1.00.