FCCR definition

FCCR. The fixed charge coverage ratio for a Tenant determined in accordance with the provisions of Exhibit I attached hereto.

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FCCR means a Lease Guarantor’s fixed charge coverage ratio and is calculated by dividing (i) EBITDAR, by (ii) Fixed Charges.

FCCR. As defined in the Property Management Agreement.

Examples of FCCR in a sentence

• Notwithstanding the foregoing, upon any termination of this Agreement for any reason, any unpaid Incentive Fee (including any Incentive Fee installment for the stub period ending on the termination date) shall become fully earned and immediately due and payable without regard to the FCCR Condition defined below.

• The Incentive Fee, if any, subject to the FCCR Condition (defined below), shall be payable in arrears in three (3) equal annual installments with the first installment payable on January 15 following the applicable year for which the Incentive Fee relates and on January 15 of the next two successive years.

• This Agreement shall terminate in accordance with Section 5.1(c) hereof in connection with FCCR Non-Compliance.

• For purposes of the preceding sentence, "FCCR Amount" means that sum of money which, when subtracted from the outstanding principal amount of the Note corresponding to a Subject Premises, and assuming the resulting principal balance is reamortized in equal monthly payments over the remaining term of such Note at the rate of interest set forth therein, will result in an adjusted aggregate Fixed Charge Coverage Ratio for all of the Premises of at least 1.25:1 based on the prior year's operations.

• So long as any FCCR Testing Period is in effect, cause to be maintained as of the last day of each fiscal quarter ending during any such FCCR Testing Period, a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00, in each case, for the four (4) quarter period then ending.

More Definitions of FCCR

FCCR means Cash Flow Before Debt Service for the four consecutive fiscal quarter period ending on the calculation date divided by the total of the Corporation’s consolidated debt service plus preferred payments for the four consecutive fiscal quarter period ending on the calculation date. For the avoidance of doubt, preferred payments will not include payments on preferred units of the Corporation’s operating partnership, VineBrook Homes Operating Partnership, L.P., that track preferred stock of the Corporation.

FCCR. The fixed charge coverage ratio determined in accordance with the provisions of Exhibit E attached hereto. “FNMA ”: Federal National Mortgage Association or any successor. “GAAP ”: Generally accepted accounting principles as in effect in the United States, consistently applied, as of the date of such application. “Global Appraisal Event ”: An event that shall occur when the Property Manager, within a one-year period, both (i) causes new Appraised Values to be determined with respect to all of the Mortgaged Properties and (ii) designates (in its sole discretion) that a “Global Appraisal Event” has occurred in connection therewith. “Granting Clause ”: The Granting Clause set forth in the Indenture. “Ground Lease ”: With respect to any Mortgaged Property the fee interest in which is owned by an Issuer or the related Borrower, the lease agreement, if any, pursuant to which such Issuer leases the land relating to such Mortgaged Property to the related tenant and such tenant owns the buildings and other improvements on such Mortgaged Property. “Guaranty ”: With respect to any Lease or Mortgage Loan, the guaranty, if any, related to such Lease or Mortgage Loan executed by an individual or an Affiliate or parent of the Tenant or Borrower, as applicable, in favor of the lessor or the lender, as applicable. “Hazardous Materials ”: As defined in the Indenture. “Indenture ”: The Second Amended and Restated Master Indenture, dated as of the Applicable Series Closing Date, among the Issuers and the Indenture Trustee, relating to the issuance of the Notes, including all amendments, supplements and other modifications thereto and any additional indenture between the Indenture Trustee and any Issuer. “Indenture Trustee ”: Citibank, N.A., a national banking association, in its capacity as indenture trustee under the Indenture, or its successor in interest or any successor indenture trustee appointed as provided in the Indenture. “Indenture Trustee Fee ”: As defined in the Indenture. 10 US-DOCS\ 96557504.7 102826315.7

FCCR means, for any calendar quarter, the quotient obtained by dividing (x) Guarantor's consolidated pre-tax net operating income, exclusive of extraordinary gains and losses, interest expense, depreciation and amortization to the extent included in the calculation of net operating income by (y) debt service (i.e., payments of principal and interest scheduled and required under borrowing facilities, excluding payments due to Buyer solely as a result of pass-throughs of scheduled amortization, Curtailments and prepayments on the Loans) on Guarantor's consolidated Indebtedness (excluding balloon loan maturity payments) plus preferred stock dividends of the Sellers and Guarantor.

FCCR. Fixed Charge Coverage Ratio, which is the ratio of Cash Flow for any period to scheduled or required payments of Adjusted Debt for the same period.

FCCR means with respect to the twelve month period of time immediately preceding the date of determination, the ratio calculated for such period of time, each as determined in accordance with GAAP, of (1) the sum of Consolidated Net Income (excluding non-cash income), Depreciation and Amortization, Interest Expense, Operating Lease Expense and non-cash expenses minus a general and administrative allocation equal to four percent (4%) of revenue of the Properties, to (2) sum of Operating Lease Expense (excluding non-cash rent adjustments).

FCCR means Cash Flow Before Debt Service for the four

FCCR means the fixed charge coverage ratio of an Obligor or Franchise Unit with respect to a Franchise Loan, as such term (or equivalent term) is defined in the relevant Franchise Loan Documents, or as otherwise agreed upon by the Lender and the Borrower.