FCCR Test definition

FCCR Test shall have the meaning set forth in Section 2.4(a).
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FCCR Test means, for any trailing twelve month period ending September 30, 2011 or the last day of any calendar month thereafter, a Fixed Charge Coverage Ratio that is equal to or greater than 1.0 to 1.0, as evidenced by the Borrower’s financial statements delivered to the Administrative Agent for the fiscal quarter ending September 30, 2011 or for any calendar month thereafter.
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Examples of FCCR Test in a sentence

  • During any FCCR Test Period, the Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any period of four fiscal quarters ending during such FCCR Test Period, to be less than 1.00 to 1.00.

  • Notwithstanding the foregoing, (A) all pro forma adjustments under this clause (c) shall not increase pro forma Consolidated EBITDA by more than 10% for any FCCR Test Period and (B) no pro forma adjustments under this clause (c) shall be made in respect of the Transactions (the foregoing not being intended to limit the operation of paragraph (a)(vii) of the definition of “Consolidated EBITDA”).

  • To the extent this covenant shall be applicable as set forth above, within two (2) Business Days of its becoming applicable, the Borrowers shall deliver to the Agent a certificate of a Financial Officer, in form and substance acceptable to the Agent, setting forth and certifying to reasonably detailed calculations of the Fixed Charge Coverage Ratio for such Initial FCCR Test Period demonstrating compliance (or non compliance) with this Section 7.08 for such period.

  • For the purposes of determining whether a particular payment may be permitted in accordance with this Section 10.11 a FCCR Test Period (as defined in Section 10.13) shall be deemed to be in effect at all times.

  • For the purposes of determining whether a particular payment may be permitted in accordance with this Section 10.9, a FCCR Test Period (as defined in Section 10.13) shall be deemed to be in effect at all times.

  • Upon the occurrence and during the continuation of a FCCR Trigger Event (including, for the avoidance of doubt, on any FCCR Initial Test Date), the Lead Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of the applicable FCCR Test Period.

  • Parent and its Restricted Subsidiaries shall maintain, for each Test Period while a FCCR Test Event is in effect, a Fixed Charge Coverage Ratio of at least 1.0 to 1.0 commencing with the most recent Fiscal Quarter for which financial statements were, or were required to be, delivered hereunder prior to the occurrence of the FCCR Test Event.

  • At any time that a FCCR Trigger Event has occurred and is continuing (including, for the avoidance of doubt, on any FCCR Initial Test Date), the Borrowers shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of any FCCR Test Period.

  • For the purposes of determining whether a particular payment may be permitted in accordance with this Section 10.12, a FCCR Test Period (as defined in Section 10.13) shall be deemed to be in effect at all times.

  • Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any calendar month during any FCCR Test Period to be less than 1.10 to 1.00.