Minimum Fixed Charge Coverage. As of the last day of each Fiscal Quarter, the Borrower will not permit the ratio of (i) the sum of EBITDA, minus Capital Expenditures minus capitalized software development costs to (ii) Fixed Charges to be less than 1.06 : 1.00.
Appears in 2 contracts
Sources: Convertible Note and Warrant Purchase Agreement (Environmental Tectonics Corp), Convertible Note and Warrant Purchase Agreement (Lenfest H F)
Minimum Fixed Charge Coverage. As of the last day of each Fiscal Quarter, the Borrower will not permit the The ratio of (i) the sum of EBITDA, minus Capital Expenditures minus capitalized software development costs Borrower's EBITDA to (ii) Fixed Charges to Charges, calculated at the end of each fiscal quarter of Borrower for the four fiscal quarters then ended, shall not be less than 1.06 : 1.00 to 1.00.
Appears in 1 contract
Sources: Loan Agreement (Intrav Inc)
Minimum Fixed Charge Coverage. As of the last day of each Fiscal Quarter, the The Borrower will shall not permit the ratio of (ia) the sum of EBITDA, minus Capital Expenditures minus capitalized software development costs EBITDA to (iib) Fixed Charges Charges, for any period consisting of the preceding four fiscal quarters, to be less than 1.06 : 1.001.75 to 1.0 at any time.
Appears in 1 contract
Sources: Credit Agreement (Ryland Group Inc)
Minimum Fixed Charge Coverage. As The ratio of Borrower's EBITDA to Fixed Charges, calculated at the end of each fiscal quarter of Borrower ended on the basis of the last day of each Fiscal Quarterfour consecutive fiscal quarters then ended, the Borrower will shall not permit the ratio of (i) the sum of EBITDA, minus Capital Expenditures minus capitalized software development costs to (ii) Fixed Charges to be less than 1.06 : 1.25 to 1.00.
Appears in 1 contract
Sources: Loan Agreement (Labarge Inc)