Consolidated Fixed Charge Coverage. Ratio” in Section 1.01 of the Credit Agreement is amended in its entirety to read as follows:
Consolidated Fixed Charge Coverage means at the end of any fiscal quarter the quotient of (a) twice the Consolidated Operating Cash Flow for such fiscal quarter and the immediately preceding fiscal quarter, divided by (b) Consolidated Fixed Charges for the next succeeding four fiscal quarters.
Consolidated Fixed Charge Coverage. Consolidated Funded Debt/EBITDA Ratio" and "Consolidated Tangible Net Worth" are defined in Article 9 of the Agreement.
Examples of Consolidated Fixed Charge Coverage in a sentence
Notwithstanding the foregoing, if no Default or Event of Default shall have occurred and be continuing at the time of or as a consequence of the incurrence of any such Indebtedness, the Company or any of its Subsidiaries may incur Indebtedness (including, without limitation, Acquired Indebtedness), in each case if on the date of the incurrence of such Indebtedness, after giving effect to the incurrence thereof, the Consolidated Fixed Charge Coverage Ratio of the Company is greater than 1.50 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.50 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio at any time to be less than 1.20 to 1.00.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.0.
Permit the Consolidated Fixed Charge Coverage Ratio as of the last day of any fiscal quarter of the REIT to be less than 1.50 to 1.00.
More Definitions of Consolidated Fixed Charge Coverage
Consolidated Fixed Charge Coverage means, at the end of any fiscal quarter (a) twice the Consolidated Operating Cash Flow for such fiscal quarter and the immediately preceding fiscal quarter divided by (b) Consolidated Fixed Charges for the next succeeding four fiscal quarters.
Consolidated Fixed Charge Coverage. RATIO shall mean, without duplication, for the relevant period, the ratio determined by dividing (i) Consolidated EBITDA for such period, by (ii) the sum of (a) Interest Expense of Indesco and its consolidated subsidiaries paid or due, in cash, during such period, plus (b) the amount of principal of the Term Loans and of any other Indebtedness of Indesco and its consolidated subsidiaries (other than the Revolving Loans and Letters of Credit) repaid or scheduled to be repaid during such period (including the portion of payments made during such period under Capitalized Leases that are allocable to the repayment of principal), plus (c) Capital Expenditures made by Indesco or by any Borrower during such period which were not financed, plus (d) all dividends and other distributions of a similar nature made in cash during such period, the proceeds of which are used by Indesco to fund the payment in the ordinary course of obligations incurred by it, other than any such dividends or distributions made during such period in connection with the sale or other distribution of the assets or capital stock of Polytek, plus (e) all federal, state and local income tax expenses due and payable in cash by Indesco or by any Borrower during such period. CONSOLIDATING shall mean, with respect to any financial statement of Indesco, the preparation of such financial statement on a consolidated basis plus individual balance sheets for Indesco and its consolidated subsidiaries, showing all eliminations of inter-company transactions, including balance sheets and statements of operation and cash flow for each Borrower exclusively, all prepared in accordance with GAAP.
Consolidated Fixed Charge Coverage. Ratio test set forth in Section 4.09(a); and
Consolidated Fixed Charge Coverage for any period, the sum (without duplication) of (a) the Consolidated EBITDA of the Borrower during such period minus (b) the Capital Expenditures for the Borrower and its consolidated Subsidiaries during such period minus (c) the income tax expense of the Borrower and its consolidated Subsidiaries for such period to the extent paid (or required to be paid) in cash with respect to such period minus (d) the Consolidated Interest Expense of the Borrower and its consolidated Subsidiaries for such period to the extent paid (or required to be paid) in cash with respect to such period plus (e) $7,000,000.
Consolidated Fixed Charge Coverage and "Funded Debt" and by substituting the following new definitions in lieu thereof: Applicable Margin - a percentage equal to (i) 1.25% with respect to LIBOR Loans, (ii) 0% with respect to Base Rate Loans and (iii) .250% with respect to the Unused Line Fee; provided that, commencing March 31, 2001, if there exists no Default or Event of Default, then the Applicable Margin shall be increased or decreased, based upon the Consolidated Funded Debt/Consolidated EBITDA ratio, as follows: Applicable Margin for Applicable Margin Applicable Margin Unused Line Ratio for Base Rate Loans for LIBOR Loans Fee ----- ------------------- --------------- ------------
Consolidated Fixed Charge Coverage with respect to any fiscal period, the ratio of (a) Consolidated EBITDA minus income taxes for such period to (b) the sum of all Consolidated Fixed Charges for such period. Funded Debt - all Debt for Money Borrowed which would, in accordance with GAAP, constitute long term debt, including (a) any Debt with a maturity more than one year after the creation thereof and (b) any Debt for Money Borrowed which is renewable or extendable at the option of a Borrower for a period of more than one year from the date of creation of such Debt for Money Borrowed, including the Revolver Loans.
Consolidated Fixed Charge Coverage. Ratio is less than the Company's Consolidated Fixed Charge Coverage Ratio as of the Issue Date.