Pro Forma Fixed Charge Coverage Ratio. As at the end of any fiscal quarter ending during any period set forth below, the Borrower will not permit the Pro Forma Fixed Charge Coverage Ratio to be less than the ratio set forth opposite such period in such table: Period Ratio ------ ------- 8/31/99 through 11/30/99 1.05:1.00 12/01/99 and thereafter 1.10:1.00
Pro Forma Fixed Charge Coverage Ratio for any period, the ratio of (a) EBITDA for such period minus Capital Expenditures (excluding Financed Capital Expenditures) for such period, to (b) the sum of all Fixed Charges for such period, all calculated for the Consolidated Group on a Consolidated basis, provided, that for purposes of computing this ratio for Permitted Acquisitions only (and without duplication in each case): the last 12 months of EBITDA of the acquired target shall be added to the EBITDA of the Consolidated Group (as adjusted to give effect to any cost savings reasonably acceptable to Agent and certified by Borrowers in good faith arising from the synergies of the combination of the target's and the Consolidated Group's workforce, administration and business operations); the last 12 months of Capital Expenditures of the acquired target shall be added to the Capital Expenditures of the Consolidated Group; there shall be added to cash interest expense of the Consolidated Group the last 12 months of cash interest expense on Debt acquired in connection with such acquisition, plus, on a proforma basis, 12 months of cash interest expense on the incremental Loans undertaken by the Borrowers on the closing date of the acquisition; and there shall be added to scheduled and actual principal payments of the Consolidated Group the last 12 months of scheduled principal payments on Debt acquired in connection with such acquisition. Pro Rata - with respect to any Lender on any date, a percentage (expressed as a decimal, rounded to the ninth decimal place) derived by dividing the amount of the total Commitments of such Lender on such date by the aggregate amount of the Commitments of all Lenders on such date (regardless of whether or not any of such Commitments have been terminated on or before such date). Projections - (i) prior to the Original Closing Date and thereafter until Agent receives new projections pursuant to Section 10.1.5, the projections of Borrowers' consolidated balance sheets, income statements and cash flow statements and projected Availability, prepared on a quarterly basis for the Fiscal Year ending December 31, 2006, and on an annual basis for the Fiscal Years ending 2007, 2008, 2009 and 2010; and (ii) thereafter, the projections most recently received by Agent and Lenders pursuant to and as required by Section 10.1.5. Properly Contested - in the case of any Debt of an Obligor (including any Taxes) that is not paid as and when due or payable by reason of such Obligor's bona f...
Pro Forma Fixed Charge Coverage Ratio. At any date of determination, the ratio of (a) Consolidated Operating Cash Flow for the Reference Period ending on such date to (b) Pro Forma Fixed Charges for the Reference Period commencing on the date following such date of determination.
Pro Forma Fixed Charge Coverage Ratio. The Pro Forma Fixed Charge Coverage Ratio, calculated after giving effect to the Loan requested and the acquisition of the Target or its assets to be financed with the proceeds thereof, shall be no less than 1.50 to 1.00 and Borrowers shall have delivered to the Bank a Borrowing Request duly completed and executed showing, among the other things required thereby, the calculations demonstrating compliance with this clause (f).
Pro Forma Fixed Charge Coverage Ratio. As of the end of each fiscal quarter beginning December 30,2001, Borrowers will maintain a Pro Forma Fixed Charge Coverage Ratio as of the end of such fiscal quarter of at least 1.50 to 1.00.
Pro Forma Fixed Charge Coverage Ratio. 1. Pro Forma Cash Flow (for the period ended _________). (a) Borrowers' Consolidated Net Income (as detailed on Exhibit B) $___________ (b) Amortization and Depreciation $___________ (c) Restricted cash flow in Asset Securitizations (net of effective taxes) $___________ (d) Permitted Principal Payments during the period $___________ (e) Principal amounts paid under student loan participation agreements for residuals $___________ (f) Other adjustments approved by Bank (g) Sum of (a) plus (b) minus (c) minus (d) minus (e) plus or minus (f) $___________ (h)
Pro Forma Fixed Charge Coverage Ratio. Its Pro Forma Fixed Charge Coverage Ratio for the Rolling Period ending on the last day of each full Fiscal Quarter ending after the Closing Date to be less than 1.10 to 1.00: (b)
Pro Forma Fixed Charge Coverage Ratio. Permit the Pro Forma Fixed Charge Coverage Ratio at the end of any fiscal quarter for an applicable period ending on such day ending on or after June 30, 2004 to be less than 1.10 to 1; provided, that a violation of this covenant at the end of any fiscal quarter shall not constitute a Default or Event of Default, and for purposes of Section 2.13(c), this covenant shall be deemed to not have been violated, if, within 25 days after the end of such fiscal quarter, the Borrower shall have received cash, either as an equity contribution or as the proceeds of subordinated Indebtedness permitted by Section 6.2(i) in an amount which, if such amount had been received on the last day of such fiscal quarter (and as if such amount had been included as cash held by the Borrower on such day for the purposes of clause (ii) of the definition of Pro Forma Fixed Charge Coverage Ratio), no violation of this covenant would have occurred as at the end of such fiscal quarter.”
Pro Forma Fixed Charge Coverage Ratio. ......94 ------------------------------------- 13. CLOSING CONDITIONS....................................94 ------------------ 13.1. Loan Documents................................94 -------------- 13.2. Certified
Pro Forma Fixed Charge Coverage Ratio. As at the end of each fiscal quarter of the ----------------------------------------- Borrower ending during any period described in the table set forth below, the Borrower will not permit the Pro Forma Fixed Charge Coverage Ratio to be less than the ratio set forth opposite such period in such table: -------------------------------------------------- ----------------------------------------------- Period (inclusive of dates) Ratio ------ ----- -------------------------------------------------- ----------------------------------------------- -------------------------------------------------- ----------------------------------------------- date hereof -- 8/31/01 1.10:1.00 -------------------------------------------------- ----------------------------------------------- -------------------------------------------------- ----------------------------------------------- 9/1/01 -- 11/30/02 1.05:1.00 -------------------------------------------------- ----------------------------------------------- -------------------------------------------------- ----------------------------------------------- Thereafter 1.10:1.00 -------------------------------------------------- -----------------------------------------------
