Ratio of Consolidated. Adjusted Net Income to Consolidated Interest ------------------------------------------------------------------ Expense. The Borrower will maintain, as at the last day of each fiscal quarter, ------- a ratio of (i) Consolidated Adjusted Net Income to (ii) Consolidated Interest Expense, in each case calculated for the four fiscal quarters then ending, of not less than 3.0 to 1.0.
Ratio of Consolidated. Total Liabilities to Consolidated ------------------------------------------------------- Tangible Net Worth. The Company will not permit the ratio of Consolidated ------------------ Total Liabilities to Consolidated Tangible Net Worth to exceed 1.65:1 at any time.";
Ratio of Consolidated. Adjusted Net Income to Consolidated ------------------------------------------------------------------------ Interest Expense ----------------
Ratio of Consolidated. EBIDTA to Consolidated Total Fixed Charges B. As of the end of the calendar quarter immediately preceding the Initial Advance (and as of the end of each fiscal quarter thereafter), at no time that the Loan is outstanding shall the ratio (stated as a percent), in respect of any period, of (A) Consolidated EBITDA to (B) Consolidated Total Fixed Charges B, be less than 125%. “Consolidated Total Fixed Charges B” shall mean, for any period, the aggregate amount of (1) Consolidated Total Interest Expense, plus (2) scheduled principal payments of Indebtedness (excluding optional prepayments ---- and balloon or bullet payments at maturity), plus (3) dividends and distributions, if any, paid or ---required to be paid on preferred stock, preferred partnership interests or other preferred equity of PGRT.
Ratio of Consolidated. Adjusted EBITDA (B.1) to Consolidated Interest Expense (B.2) ____ to 1.00 $___________ REQUIRED: NOT LESS THAN 2.25 TO 1.00. * See Schedules I and II for calculation of Consolidated Adjusted EBITDA and Annualized EBITDA, if applicable, for any Qualifying Property. ** See Schedule III for calculation of Interest Expense with respect to Qualifying Property not owned by the Borrower or any Subsidiary for the entire applicable Four-Quarter Period.
Ratio of Consolidated. Adjusted Senior Debt to Annualized Consolidated EBITDAR (divide line 1(c) by line 2) $___________ ANNUALIZED JOINT VENTURE EBITDAR (SECTION 6.11 OF THE Not greater than: LESSEE CREDIT AGREEMENT) 20% of Annualized Consolidated EBITDAR 1. Annualized Joint Venture EBITDAR for two immediately preceding fiscal quarters then ending
Ratio of Consolidated. Senior Funded Indebtedness to ------------ --------------------------------------------------- Consolidated EBITDA is amended to read as follows: ------------------- "The ratio of Group's Consolidated Senior Funded Indebtedness to Consolidated EBITDA shall not exceed the ratios set forth below as measured at the end of each fiscal quarter during the periods indicated, on the basis of the fiscal quarter ending on such date and the three immediately preceding fiscal quarters: Period Ratio ------ ----- Fiscal Year End 1995 2:45:1.0 First Quarter Fiscal Year 1996 through Third Quarter Fiscal Year 1996 2.25:1.0 Fiscal Year End 1996 and thereafter 2.00:1.0"
Ratio of Consolidated. Funded Debt to Adjusted Base Rate Eurodollar Adjusted Consolidated EBITDA Tranches Tranches less than or equal to 1.5 to 1 0 .625% greater than 1.5 to 1 less than or equal to 2.0 to 1 0 .75% greater than 2.0 to 1 less than or equal to 2.5 to 1 0 .875% greater than 2.5 to 1 less than or equal to 3.0 to 1 0 1.000% greater than 3.0 to 1 0 1.125% ======================================================= ==== =======
Ratio of Consolidated. Funded Debt to Commitment Fee Adjusted Consolidated EBITDA Percentage less than or equal to 2.5 to 1 .25% greater than 2.5 to 1 less than or equal to 3.0 to 1 .30% greater than 3 to 1 .375% ======================================================= =======
Ratio of Consolidated. Operating Cash ------------------------------------ Flow to Consolidated Total Debt Service. The Company and its --------------------------------------- Subsidiaries shall not permit for any period of four consecutive fiscal quarters, commencing with the period ending March 31, 2000, the ratio of (a) Consolidated Operating Cash Flow to (b) Consolidated Total Debt Service, to be less than 1.25-to-1.0; provided, however, that for -------- ------- purposes of calculating Consolidated Total Debt Service, the Company shall be presumed to have made the required $500,000 principal payments on the Term Loan on January 4, 1999, July 1, 1999 and October 4, 1999, notwithstanding that such payments may actually have been made prior to such dates or deemed to have been made prior to such dates."
