Annualized Fixed Charges definition

Annualized Fixed Charges means, on any date of determination, Fixed Charges for the most recently ended fiscal quarter for which financial statements have been delivered under Section 6.01(a) or (b), as applicable, multiplied by four (4).
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Annualized Fixed Charges means, as of any date (a) Consolidated Fixed Charges for the period of two consecutive fiscal quarters ended on such date (or, if such date is not the last day of a calendar quarter, then for the period of two consecutive calendar quarters most recently ended prior to such date), multiplied by (b) two.
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Annualized Fixed Charges means, with respect to the Companies on a consolidated basis, the sum of (i) $10,000,000.00, plus (ii) the portion of all Funded Debt, other than Principal Debt, that is due within one (1) year of the date of determination, plus (iii) (a) on any date of determination occurring on September 30, 2001, to (but not including) December 31, 2001, Interest Expense for the one-fiscal quarter period ending September 30, 2001, multiplied by four, (b) on any date of determination occurring on December 31, 2001, to (but not including) March 31, 2002, Interest Expense for the two-fiscal quarter period ending December 31, 2001, multiplied by two, and (c) on any date of determination occurring on March 31, 2002, to (but not including) June 30, 2002, Interest Expense for the three-fiscal quarter period ending March 31, 2002, multiplied by 4/3.
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Examples of Annualized Fixed Charges in a sentence

  • Permit the ratio of Consolidated EBITDA to Annualized Fixed Charges to be less than 1.15:1.00 as of the last day of any fiscal quarter of the Guarantor for the period of four fiscal quarters ended on such date.

  • A 1970 photograph of a stuffed parrot, for example, is improbably cap- tioned Crow.

  • Annualized Fixed Charges is calculated by multiplying fixed charges for the quarter by four.

  • The Fixed Charge Coverage Ratio is the ratio of Annualized Adjusted EBITDAre to Annualized Fixed Charges and is used to evaluate our liquidity and ability to obtain financing.


More Definitions of Annualized Fixed Charges

Annualized Fixed Charges means, as of the last day of:
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Annualized Fixed Charges means for the applicable Fiscal Quarter then ended prior to December 31, 1998, the Fixed Charges of RII and its Subsidiaries computed as follows: (i) for the Fiscal Quarter ended March 31, 1998, Fixed Charges multiplied by four (4) to annualize them; (ii) for the two (2) successive Fiscal Quarters ended June 30, 1998, Fixed Charges multiplied by two (2) to annualize them; and (iii) for the three (3) successive Fiscal Quarters ended September 30, 1998, Fixed Charges multiplied by 1.3333 to annualize them; PROVIDED THAT the component of Fixed Charges consisting of scheduled payments of principal paid during each period shall not be annualized, but shall be calculated for each period set forth above based on scheduled payments of principal paid with respect to Indebtedness from January 1, 1998 through the last day of each respective Fiscal Quarter.
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Related to Annualized Fixed Charges

  • Fixed Charges means, with respect to any specified Person for any period, the sum, without duplication, of:

  • Consolidated Fixed Charges means, with respect to any Person for any period, the sum, without duplication, of:

  • Consolidated Fixed Charge Coverage Ratio means, with respect to any Person, the ratio of Consolidated EBITDA of such Person during the four full fiscal quarters (the “Four-Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio for which internal financial statements are available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the Four-Quarter Period. In addition to, and without limitation of, the foregoing, for purposes of this definition, “Consolidated EBITDA” and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the period of such calculation to (i) the incurrence or repayment of any Indebtedness or the issuance of any Designated Preferred Stock of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the need to make such calculation and any incurrence or repayment of other Indebtedness or the issuance or redemption of other Preferred Stock (and the application of the proceeds thereof), other than the incurrence or repayment of Indebtedness in the ordinary course of business for working capital purposes pursuant to revolving credit facilities, occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such incurrence or repayment or issuance or redemption, as the case may be (and the application of the proceeds thereof), had occurred on the first day of the Four-Quarter Period; and (ii) any Asset Sales or other dispositions or Asset Acquisitions (including any Asset Acquisition giving rise to the need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being liable for Acquired Indebtedness and also including any Consolidated EBITDA attributable to the assets which are the subject of the Asset Acquisition or Asset Sale or other disposition and without regard to clause (vi) of the definition of Consolidated Net Income), investments, mergers, consolidations and disposed operations (as determined in accordance with GAAP) occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such Asset Sale or other disposition or Asset Acquisition (including the incurrence or assumption of any such Acquired Indebtedness), investment, merger, consolidation or disposed operation, occurred on the first day of the Four-Quarter Period. If such Person or any of its Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had directly incurred or otherwise assumed such other Indebtedness that was so guaranteed.

  • Interest Expense means, for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Fixed Charge Coverage Ratio means, with respect to any Person for any period, the ratio of EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the Issuer or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than in the case of revolving credit borrowings or revolving advances under any Qualified Receivables Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period.