Cash Flow Coverage definition

Cash Flow Coverage means the ratio of Cash Flow to the sum of (i) the current portion of all Long Term Debt as specified in the financial statement dated twelve (12) months prior, plus (ii) Interest Expense, all determined in accordance with G.A.A.P

Cash Flow Coverage means the ratio of (i) the Borrower’s consolidated Net Income after dividends plus Borrower’s unconsolidated interest expense for the preceding four fiscal quarters, to (ii) the scheduled principal and interest payments on the Borrower’s unconsolidated debt (including Trust Preferred) for the preceding four fiscal quarters, all as determined in accordance with GAAP.

Cash Flow Coverage for any period, the ratio of (a) Consolidated ------------------ EBITDA less Capital Expenditures, divided by (b) (i) Interest Expenses plus (ii) dividends paid on any class of the Company's Capital Stock in each case determined for such period.

Examples of Cash Flow Coverage in a sentence

• Financial covenants of the credit facility include: • Minimum Free Cash Flow Coverage Ratio of greater than 1.05 for the calendar quarter ended March 31, 2016; and greater than 1.10 for the calendar quarter ending June 30, 2016 and each calendar quarter thereafter (measured quarterly); • Maximum Free Cash Flow Leverage Ratio of not more than 3.50 (measured annually); and • Maximum Balance Sheet Leverage Ratio of not more than 1.50 (measured annually).

• Maintain, as of the last day of each fiscal quarter, a Quarterly Rolling Cash Flow Coverage Ratio of not less than 1.25 to 1.0. Lender may determine compliance with this Quarterly Cash Flow Coverage Ratio covenant at any time.

• The Borrower shall maintain at all times a Cash Flow Coverage of not less than one hundred twenty five percent (125%), calculated at the end of each fiscal quarter (using a rolling four quarters of Net Income).

• To maintain a Cash Flow Coverage Ratio of not less than 2:1 in each quarter.

• Maintain a Cash Flow Coverage Ratio as of the last day of each of its fiscal quarters of not less than 3.25 to 1.

More Definitions of Cash Flow Coverage

Cash Flow Coverage. For any period, calculated as of the last day of the period, the ratio of Cash Flow attributable to such period to total Rent payable for such period under the Lease.

Cash Flow Coverage means, at any date as of which the amount ------------------ thereof shall be determined and for the period specified, the quotient obtained by dividing the total of: (i) consolidated earnings before income taxes for -------- such period, excluding any nonrecurring or extraordinary items, plus (ii) ---- consolidated depreciation and amortization expenses for such period, plus (iii) ---- consolidated interest expense (including imputed interest on capital lease obligations) (collectively, "Interest Expense") minus (iv) capital expenditures ---------------- ----- minus cash taxes minus dividends and distributions; by the total of (i) Interest ----- ----- -- Expense for such period plus (ii) current maturities of long-term Indebtedness ---- for such period.

Cash Flow Coverage. Debtor shall maintain, for the period of determination indicated below, a ratio with: (i) the Net Profit After Taxes, plus depreciation and amortization expense, less distributions to holders of equity interests, all for the prior twelve fiscal months as the numerator; and (ii) the sum of the regular contractually scheduled principal payments of any long term debt due over the next twelve fiscal months as the denominator. Ratio Time Period

Cash Flow Coverage shall have the meaning set forth in Section 1.1 hereof.

Cash Flow Coverage means for any fiscal quarter (i) during calendar year 2009, the product of (A) cumulative EBITDA on a year to date basis as of the end of such fiscal quarter over (B) all scheduled payments of principal and interest on a year to date basis (excluding non-cash capitalized interest) as of the end of such fiscal quarter and (ii) during calendar year 2010 and thereafter, the product of trailing twelve (12) month EBITDA as of the end of such fiscal quarter over all scheduled payments of principal and interest on a trailing twelve (12) month basis (excluding non-cash capitalized interest) as of the end of such fiscal quarter; provided, however, that the paydown of principal of the Revolving Loan in connection with the Second Omnibus Amendment, dated as of March 13, 2009, shall not be counted for purposes of clauses (i)(B) or (ii)(B) above.

Cash Flow Coverage is a fraction stated as percentage and computed as the quotient of (i) Borrower's net profit after taxes for a given Measurement Period, exclusive of nonrecurring income and increased by depreciation and amortization and other non-cash expenditures (taken in accordance with GAAP) divided by (ii) the aggregate amount of all principal, interest (and also including amounts coming due in respect of leases) payable by Borrower in such Measurement Period.

Cash Flow Coverage means, as of any applicable date of determination, (i) EBITDA, divided by (ii) current maturities of bank long term debt, plus interest expense (including interest owed to Lender and former owners), plus lease payments for Leased Equipment.