Minimum Fixed Charges Coverage Ratio. The Company shall not permit the Fixed Charges Coverage Ratio, calculated as of the end of each fiscal quarter for the period equal to the four (4) consecutive fiscal quarters then ended, to be less than 1.50 to 1.00.
Minimum Fixed Charges Coverage Ratio. The Company and its Subsidiaries will not permit the ratio of (x) EBITA for the period set forth below ending as of the date of determination to (y) the sum of all payments of principal (excluding Excess Cash Flow payments under Section 2.4(a) of the PREFSA Loan Agreement and under Section 3.3 of the Notes) and interest under the PREFSA Loans, the Loans and the NFB Loan for the period set forth below ending as of the date of determination, as determined at the end of each Fiscal Quarter of the Company and its Subsidiaries, commencing with the quarter ending March 31, 2004, to be less than the ratio shown below for the period ending as of the date of determination. -------------------------------------------------------------------------------- Period Ending as of Date of Determination Minimum Ratio -------------------------------------------------------------------------------- 12-month period ending as of the end of each 1.25:1.0 Fiscal Quarter in Fiscal Year 2004 -------------------------------------------------------------------------------- 12-month period ending as of the end of each 1.35:1.0 Fiscal Quarter in Fiscal Year 2005 -------------------------------------------------------------------------------- 12-month period ending as of the end of each 1.60:1.0 Fiscal Quarter thereafter --------------------------------------------------------------------------------
Minimum Fixed Charges Coverage Ratio. Ultimate Parent shall have on a consolidated basis at the end of each Fiscal Quarter for the four Fiscal Quarters then ended, commencing with the Fiscal Quarter ending in April, 2001, a Fixed Charges Coverage Ratio of not less than 1.0 to 1.0.
Minimum Fixed Charges Coverage Ratio. Parent shall not permit the ratio of its Modified EBITDA to its Fixed Charges calculated as of the last day of each Fiscal Quarter, beginning with the Fiscal Quarter ended March 31, 2001, for the four (4) Fiscal Quarters then ended to be less than 1.00 to 1.00. As used in this Section 10.1 the following terms have the following meanings:
Minimum Fixed Charges Coverage Ratio. As of each date set forth in the table below, Borrower shall not permit the ratio of its Modified EBITDA to its Fixed Charges, both calculated for the four (4) Fiscal Quarters the ended (or, if as of such date less than four (4) Fiscal Quarters have elapsed since September 30, 2000, then for the Fiscal Quarters that have completely elapsed since September 30, 2000), to be less than the ratio set forth below opposite the applicable date: Date Ratio ==================================================== ====================================== December 31, 2000 .60 to 1.00 ---------------------------------------------------- -------------------------------------- March 31, 2001 .65 to 1.00 ---------------------------------------------------- -------------------------------------- June 30, 2001 .65 to 1.00 ---------------------------------------------------- -------------------------------------- September 30, 2001 .70 to 1.00 ---------------------------------------------------- -------------------------------------- December 31, 2001 .85 to 1.00 ==================================================== ======================================
Minimum Fixed Charges Coverage Ratio. The ratio of Consolidated Cash Flow for any Reference Period ending on any Quarterly Date falling during any period identified in the table below to Consolidated Financial Obligations for such Reference Period to be less than the ratio specified below opposite such period: Minimum Fixed Period Charges Coverage Ratio ------ ---------------------- Date hereof - December 31, 2000 1.50:1.00 January 1, 2001 and thereafter 1.55:1.00
Minimum Fixed Charges Coverage Ratio. Ultimate Parent shall have, on a consolidated basis, at the end of each Fiscal Quarter set forth below for the four Fiscal Quarters then ended, a Fixed Charges Coverage Ratio of not less than the following: Fixed Charges Fiscal Quarter Ending: Coverage Ratio ---------------------- -------------- On or about the last day of January, 2002 0.75 to 1.0 On or about the last day of April, 2002 0.70 to 1.0 On or about the last day of July, 2002 0.75 to 1.0 On the last day of each Fiscal Quarter thereafter 1.0 to 1.0 Unless otherwise specifically provided herein, any accounting term used in this Agreement shall have the meaning customarily given such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP consistently
Minimum Fixed Charges Coverage Ratio. Fresh Produce and its Subsidiaries on a Consolidated basis shall maintain as of the end of each fiscal quarter of Fresh Produce, commencing with the fiscal quarter ending March 29, 2003, a Fixed Charges Coverage Ratio for such fiscal quarter and the three immediately preceding completed fiscal quarters of Fresh Produce, of not less than 1.15 to 1.00.
Minimum Fixed Charges Coverage Ratio. If (i) a Permitted Holder Acquisition shall be consummated or (ii) the Obligors shall consummate an Acquisition or Acquisitions for an aggregate purchase price in connection with all such Acquisitions (including therein any Indebtedness assumed in connection therewith) of more than $300,000,000, the Borrower will not thereafter permit the Fixed Charges Coverage Ratio for the period of four consecutive fiscal quarters ending on the dates specified below, to be less than the applicable ratio specified below: Period Applicable Ratio June 30, 2007 0.98 to 1.00 September 30, 2007 1.05 to 1.00 December 31, 2007 1.11 to 1.00 March 31, 2008 1.13 to 1.00 June 30, 2008 1.16 to 1.00 September 30, 2008 1.18 to 1.00 December 31, 2008 1.21 to 1.00 March 31, 2009 1.24 to 1.00 June 30, 2009 1.29 to 1.00 September 30, 2009 1.33 to 1.00 December 31, 2009 1.37 to 1.00 March 31, 2010 1.41 to 1.00 June 30, 2010 1.46 to 1.00 73 Period Applicable Ratio September 30, 2010 1.50 to 1.00 December 31, 2010 1.54 to 1.00 March 31, 2011 1.54 to 1.00 June 30, 2011 1.54 to 1.00 September 30, 2011 1.54 to 1.00 December 31, 2011 1.54 to 1.00 March 31, 2012 1.54 to 1.00 June 30, 2012 1.54 to 1.00 September 30, 2012 1.54 to 1.00 December 31, 2012 1.54 to 1.00 March 31, 2013 1.54 to 1.00 June 30, 2013 1.54 to 1.00 September 30, 2013 1.54 to 1.00 December 31, 2013 1.54 to 1.00 March 31, 2014 1.54 to 1.00 ; provided, however, that the financial covenant in this clause (d) shall not be applicable if a Covenant Suspension Period is then in effect.
Minimum Fixed Charges Coverage Ratio. A Minimum Fixed Charges Coverage Ratio, for the applicable Measurement Date, of not less than: Period Ratio ------ ----- For the six-month period ending on 3-31-2000 .40 to 1.0 For the seven-month period ending on 4-30-2000 .45 to 1.0 For the eight-month period ending on 5-31-2000 .50 to 1.0 For the nine-month period ending on 6-30-2000 .50 to 1.0 -4- 6 For the ten-month period ending on 7-31-2000 .65 to 1.0 For the eleven-month period ending on 8-31-2000 .65 to 1.0 For the twelve-month period ending on 9-30-2000 .75 to 1.0 For the twelve-month period ending on 10-31-2000 (and thereafter as of the end of each month on a rolling twelve-month basis) 1.01 to 1.0
