Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio Sample Clauses

Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio. (i) The Credit Parties and their Subsidiaries shall maintain Modified Consolidated EBITDA calculated as of the last day of each Fiscal Quarter set forth below for the Measurement Period ending on such date of not less than the amount set forth opposite such Fiscal Quarter under the column “Minimum Modified Consolidated EBITDA” (provided that, for the avoidance of doubt, compliance with this clause (b)(i) shall not be required commencing with the Fiscal Quarter ending March 31, 2026): Fiscal Quarter ending Minimum Modified Consolidated EBITDA March 31, 2024 ($1,500,000) June 30, 2024 ($10,900,000) September 30, 2024 ($8,200,0009,600,000) December 31, 2024 ($6,700,00011,550,000) March 31, 2025 ($7,000,00012,200,000) June 30, 2025 ($500,0008,000,000) September 30, 2025 ($400,0005,800,000) December 31, 2025 $225,000505,000 (ii) Commencing with the Fiscal Quarter ending March 31, 2026, calculated as of the last day of such Fiscal Quarter and each Fiscal Quarter thereafter, the Credit Parties and their Subsidiaries shall maintain a Consolidated Fixed Charge Coverage Ratio for the Measurement Period ending on such date of no less than 1.10:1.00.
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Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio. (i) The Credit Parties and their Subsidiaries shall maintain Modified Consolidated EBITDA calculated as of the last day of each Fiscal Quarter set forth below for the Measurement Period ending on such date of not less than the amount set forth opposite such Fiscal Quarter under the column “Minimum Modified Consolidated EBITDA” (provided that, for the avoidance of doubt, compliance with this clause (b)(i) shall not be required commencing with the Fiscal Quarter ending March 31, 2026): Fiscal Quarter ending Minimum Modified Consolidated EBITDA March 31, 2024 ($1,500,000) June 30, 2024 ($10,900,000) September 30, 2024 ($9,600,000) December 31, 2024 ($11,550,000) March 31, 2025 ($12,200,00019,000,000) June 30, 2025 ($8,000,00014,400,000) September 30, 2025 ($5,800,00012,100,000) December 31, 2025 $505,000(900,000) Provided as to each Minimum Modified Consolidated EBITDA level ended March 31, 2025, June 30, 2025, September 30, 2025, and December 31, 2025, to the extent the aggregate Fourth Amendment Capital Raise is in excess of $5,000,000 of Net Cash Proceeds, the respective Minimum Modified Consolidated EBITDA levels for each such period will be decreased on a dollar for dollar basis by the amount of such excess of Net Cash Proceeds, with no such adjustment permitted in an amount greater than $2,500,000. (ii) Commencing with the Fiscal Quarter ending March 31, 2026, calculated as of the last day of such Fiscal Quarter and each Fiscal Quarter thereafter, the Credit Parties and their Subsidiaries shall maintain a Consolidated Fixed Charge Coverage Ratio for the Measurement Period ending on such date of no less than 1.10:1.00.
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Related to Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio

  • 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.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Fixed Charge Coverage Ratio Maintain a Fixed Charge Coverage Ratio of at least 1.25:1.00 measured at the end of each Fiscal Quarter for the four consecutive Fiscal Quarters then ended.

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter to be less than 2.00 to 1.0.