Common use of Minimum Consolidated Fixed Charge Coverage Ratio Clause in Contracts

Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE October 31, 2014 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Minimum Consolidated Fixed Charge Coverage Ratio is less than the applicable ratio set forth above, this shall constitute an Event of Default.

Appears in 2 contracts

Samples: Inventory Security Agreement (Titan Machinery Inc.), Inventory Security Agreement (Titan Machinery Inc.)

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Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE October FYE January 31, 2014 2015 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Debtor’s Minimum Consolidated Fixed Charge Coverage Ratio is less than the applicable ratio set forth above, this shall constitute an Event of Default.Calculation:

Appears in 2 contracts

Samples: Inventory Security Agreement (Titan Machinery Inc.), Inventory Security Agreement (Titan Machinery Inc.)

Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE October 31, 2014 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Minimum The Consolidated Fixed Charge Coverage Ratio is shall not, as determined as of the last day of each fiscal quarter ending during the periods set forth below, be less than the applicable minimum ratio set forth abovebelow opposite such period: Each Fiscal Quarter Ending During the Period Minimum Fixed Charge Coverage Ratio Effective Date through December 31, this shall constitute an Event of Default.2006 1.25 to 1.00 January 1, 2007 through the Maturity Date 1.50 to 1.00

Appears in 2 contracts

Samples: Credit Agreement (Wright Express CORP), Credit Agreement (Wright Express CORP)

Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE October 31, 2014 and each Fiscal Quarter thereafter 1.25 to 1.00 FQE April 30, 2016, FQE July 31, 2016, and FQE October 31, 2016 1.10 to 1.00 FYE January 31, 2017 and FQE April 30, 2017 1.25 to 1.00 FQE October 31, 2017 and each Fiscal Quarter thereafter 1.10 If the Minimum Consolidated Fixed Charge Coverage Ratio is less than the applicable ratio set forth above, this shall constitute an Event of Default.

Appears in 1 contract

Samples: Inventory Security Agreement (Titan Machinery Inc.)

Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE October 31, 2014 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Minimum The Consolidated Fixed Charge Coverage Ratio is shall not, as determined as of the last day of each fiscal quarter ending during the periods set forth below, be less than the applicable minimum ratio set forth abovebelow opposite such period: Each Fiscal Quarter Ending During the Period Minimum Fixed Charge Coverage Ratio Effective Date through April 30, this shall constitute an Event of Default.2006 3.00 to 1.00 May 1, 2006 through the Maturity Date 3.50 to 1.00

Appears in 1 contract

Samples: Credit Agreement (Jackson Hewitt Tax Service Inc)

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Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(sQuarters(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE April 30, 2016, FQE July 31, 2016, and FQE October 31, 2014 2016 1.10 to 1.00 FYE January 31, 2017 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Minimum Consolidated Fixed Charge Coverage Ratio is less than the applicable ratio set forth above, this shall constitute an Event of Default.

Appears in 1 contract

Samples: Inventory Security Agreement (Titan Machinery Inc.)

Minimum Consolidated Fixed Charge Coverage Ratio. As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: Applicable Calendar Quarter(s): Minimum Consolidated Fixed Charge Coverage Ratio: FQE October 31, 2014 2017 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Minimum Consolidated Fixed Charge Coverage Ratio is less than the applicable ratio set forth above, this shall constitute an Event of Default.1.10

Appears in 1 contract

Samples: Inventory Security Agreement (Titan Machinery Inc.)

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