Common use of Fixed Charge Ratio Covenant Clause in Contracts

Fixed Charge Ratio Covenant. During the continuance of a Covenant Compliance Event, each of Holdings and the Borrowers will not permit the Fixed Charge Ratio as of the last day of any fiscal quarter of Holdings to be less than 1.0 to 1.0.

Appears in 11 contracts

Samples: Term Loan Credit Agreement, Joinder Agreement (Sears Holdings Corp), Joinder Agreement (Sears Holdings Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.