Minimum Cash Flow to Debt Service Ratio Sample Clauses

Minimum Cash Flow to Debt Service Ratio. Laitram will maintain a ratio of cash flow of Group and its Subsidiaries to scheduled principal payments plus all accrued interest payments on funded debt of Group and its Subsidiaries of not less than 1.50 to 1 as of the end of each fiscal period in which Laitram is obligated to provide Lender a financial statement as measured on a rolling 12-month basis. For the purposes of this section, “cash flow” shall mean the sum of net income after taxes, plus depreciation and amortization expenses, plus interest expense, less distributions for taxes due, for the period.
Sample 1
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Minimum Cash Flow to Debt Service Ratio. Maintain a ratio of Cash Flow to cash principal and/or cash interest payments on Debt of not less than 1.00 to 1.00 for each Fiscal Quarter beginning with the quarter ending March 31, 2012. To the extent Cash Flow is in excess of the amount required to achieve compliance with this covenant for any given Fiscal Quarter, such surplus may be added to Cash Flow for purposes of determining compliance with this covenant for the first and/or second Fiscal Quarter immediately following the Fiscal Quarter in which such surplus was generated; provided that any portion of the surplus added to Cash Flow in the first Fiscal Quarter immediately following shall not be added to Cash Flow in the second Fiscal Quarter immediately following.
Sample 1
Minimum Cash Flow to Debt Service Ratio. Until all Indebtedness is paid in full in cash and Lender has no further commitment to lend under the Credit Facility, the Borrowers agree and covenant that, unless Lender shall otherwise consent in writing, the Borrowers on a consolidated basis will maintain a ratio of (x) Cash Flow for the period of four consecutive Fiscal Quarters ending on the last day of each Fiscal Quarter to (y) scheduled interest payments on Debt (excluding non-cash interest and any cash interest that the payee thereof has agreed in writing shall be due in a subsequent period), for such period, of not less than 1.10 to 1.00 as of the end of each Fiscal Quarter beginning with the quarter ending March 31, 2024.
Sample 1
Minimum Cash Flow to Debt Service Ratio. Borrower will maintain a ratio of cash flow to debt service of not less than 1 50 to 1.00. For the purposes of this subsection: “cash flow” shall mean the sum of net business income of Borrower plus income tax, interest, depreciation and amortization expenses for the subject period; and “debt service” shall mean the sum of the current portion of long term debt, plus the current portion of capitalized lease payments plus interest expense of Borrower as shown by the annual financial statements, for the subject period. Cash flow shall be divided by debt service to determine compliance with this ratio.
Sample 1
Minimum Cash Flow to Debt Service Ratio. Borrower will maintain a ratio of cash flow to scheduled interest payments on funded debt (excluding non-cash interest) of not less than 1.00 to 1.00 as of the end of each fiscal quarter beginning with the quarter ending June 30, 2008. For the purposes of this section "cash flow" shall mean the sum of net income after taxes, plus depreciation and amortization and other non-cash expenses for the period as well as any interest expense included in the denominator of this ratio. "Funded debt" shall mean all indebtedness for borrowed money.
Sample 1

Related to Minimum Cash Flow to Debt Service Ratio

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Cash Flow Coverage Ratio Maintain a Cash Flow Coverage Ratio as of the last day of each of its fiscal quarters of not less than 3.25 to 1.

  • Minimum Consolidated EBITDA (a) The Borrower will not permit Consolidated EBITDA (i) for the Borrower's fiscal quarter ending closest to June 30, 1997 to be less than $2,500,000 and (ii) for any Test Period ending on the last day of a fiscal quarter of the Borrower set forth below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Closest To Amount ----------------- ------ September 30, 1997 $5,000,000 December 31, 1997 $5,000,000 March 31, 1998 $5,000,000 June 30, 1998 $5,000,000 September 30, 1998 $5,000,000 December 31, 1998 $5,000,000 March 31, 1999 $5,000,000 June 30, 1999 $5,000,000 -64- September 30, 1999 $ 5,000,000 December 31, 1999 $ 5,000,000 March 31, 2000 $ 5,000,000 June 30, 2000 $10,000,000 September 30, 2000 $15,000,000 December 31, 2000 $15,000,000 March 31, 2001 $15,000,000 June 30, 2001 $15,750,000 September 30, 2001 $16,500,000 December 31, 2001 $16,500,000 March 31, 2002 $16,500,000 June 30, 2002 $16,500,000

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Minimum Debt Service Coverage Ratio Borrower shall not permit its Debt Service Coverage Ratio to be less than 1.25 to 1.00, determined as of the end of each fiscal quarter and fiscal year-end on a rolling four-quarter basis, beginning September 30, 2008, and continuing as of the end of each fiscal quarter and fiscal year thereafter, all as calculated by Bank in its reasonable discretion.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

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