Coverage Ratio definition
Coverage Ratio. As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1
Coverage Ratio means, on any Quarterly Measurement Date, the ratio computed by dividing (a) EBITDA for the portion of the calendar year ending on such Quarterly Measurement Date by (b) Interest Expense for such portion of the calendar year.
Coverage Ratio means, as of the date of any determination, the ratio of (a) Consolidated EBIT for the Borrower's four most recently ended fiscal quarters to (b) Consolidated Interest Expense (excluding from the computation thereof interest costs of the Borrower and its Subsidiaries in respect of the principal amount of all Qualified Subordinated Debt that is Affiliate Indebtedness) for such fiscal quarters.
Examples of Coverage Ratio in a sentence
Notwithstanding anything to the contrary herein, for purposes of determining compliance with any test or covenant contained in this Agreement with respect to any period during which any Specified Transaction occurs, the Debt Service Coverage Ratio, Net First Lien Leverage Ratio, and Net Total Leverage Ratio shall be calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.
For purposes of the applicable determinations required by Section 10.7(b)(v), Article XII and the definition of "Interest Coverage Ratio", the expected interest on the Secured Debt and Floating Rate Obligations will be calculated using the then current interest rates applicable thereto.
More Definitions of Coverage Ratio
Coverage Ratio means the number one and four tenths (1.4).
Coverage Ratio is the ratio of [i] Cash Flow for each applicable period; to [ii] the Rent payments due pursuant to this Lease and all other debt service and lease payments relating to the Leased Property for the applicable period.
Coverage Ratio means, at any time of determination thereof, the ratio of (A) the Aggregate Value of ▇▇▇▇▇▇ Shares plus 1.5 times the value of the Cash Collateral Account, to (B) the Adjusted Aggregate Loan Exposure, in each case at such time.
Coverage Ratio means, as of any interest payment date on which a 90-Day LIBOR Rate is to be determined, 100% multiplied by a fraction, the numerator of which is the aggregate spread between exercise prices and closing market prices (as quoted on the principal stock exchange for a particular security) as of the date for which the Coverage Ratio is determined for all of the Borrower's Stock Options and the denominator of which is the unpaid principal balance and interest due but unpaid, as of the close of business on any interest payment
Coverage Ratio means, as of any date, the ratio of (i) for the four fiscal quarter period for which the Company’s annual or quarterly Financial Statements have been most recently required to have been delivered pursuant to Section 6.10(a) and Section 6.10(b), the Company’s and its Subsidiaries’ consolidated Adjusted Pre-Tax Income, plus Aircraft Rentals, plus consolidated Net Interest Expense, and depreciation and amortization, and minus cash dividends paid by the Company, to (ii) the Company’s and its Subsidiaries’ consolidated Net Interest Expense and Aircraft Rentals for such four-quarter period.
Coverage Ratio means, as of any date, the ratio of (a) Consolidated EBITDAR for the period of four consecutive Fiscal Quarters ending on or immediately prior to such date to (b) the sum of (i) Consolidated Interest Expense and (ii) Consolidated Rent Expense, in each case measured for the period of four consecutive Fiscal Quarters ending on or immediately prior to such date.
Coverage Ratio means 150%.