Fixed Asset Coverage Ratio definition

Fixed Asset Coverage Ratio means Net Fixed Assets divided by Secured Term Loan.
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Fixed Asset Coverage Ratio or “FACR” shall mean at any time, the ratio of (i) is to (ii) below:
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Fixed Asset Coverage Ratio means as of any determination date, the ratio derived by dividing the orderly liquidation value of the Borrower’s and its Subsidiaries’ domestic fixed assets (as determined by the most recently delivered asset appraisals delivered to the Administrative Agent pursuant to Section
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Examples of Fixed Asset Coverage Ratio in a sentence

  • Maintain a Consolidated Unencumbered Fixed Asset Coverage Ratio at all times of not less than 1.67 to 1.00.

  • Permit the Fixed Asset Coverage Ratio as of the end of any fiscal quarter to be less than 1.33 to 1.0.

  • Permit the Fixed Asset Coverage Ratio as of the end of any fiscal quarter to be less than the ratio of 1.25 to 1.0.

  • If such Reduction Amount has not been Reinvested within one hundred eighty (180) days following its receipt by Borrower or any Subsidiary, on the Business Day following such one hundred eightieth (180th) day, the Borrower shall deliver to the Administrative Agent a certificate from a Responsible Officer of the Borrower demonstrating pro forma compliance with the Fixed Asset Coverage Ratio covenant set forth in Section 7.19(c) after giving effect to all Triggering Sales.


More Definitions of Fixed Asset Coverage Ratio

Fixed Asset Coverage Ratio means the ratio of net book value of the Fixed Assets (including capitalized and work in progress) to the total secured debt on Fixed Assets
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Fixed Asset Coverage Ratio means as of any determination date, the ratio derived by dividing the fair market value of the Borrower's and its Subsidiaries' fixed assets (as determined by the most recently delivered asset appraisals delivered to the Administrative Agent pursuant to SECTION 6.02(D)) on which the Administrative Agent, for the benefit of the Lenders, holds a perfected, first priority Lien divided by the sum of the Outstanding Amount on such date of the Acquisition Loan Principal Debt PLUS Term Loan Principal Debt.
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Fixed Asset Coverage Ratio means as of any determination date, the ratio derived by dividing the orderly liquidation value of the Borrower’s and its Subsidiaries’ domestic fixed assets (as determined by the most recently delivered asset appraisals delivered to the Administrative Agent pursuant to Section 6.02(e) or (f)) on which the Collateral Agent, for the benefit of the Lenders, holds a perfected, first priority Lien divided by the sum of the Outstanding Amount on such date of the Revolver Principal Debt. Foreign when used in connection with a Subsidiary means a Subsidiary other than a Domestic Subsidiary.
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Fixed Asset Coverage Ratio means the ratio of (a) the sum of
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Related to Fixed Asset Coverage Ratio

  • Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the Value of total assets of the Borrower and its Subsidiaries, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of the Borrower and its Subsidiaries, to (b) the aggregate amount of Indebtedness of the Borrower and its Subsidiaries.

  • Consolidated Asset Coverage Ratio means the ratio, determined on a consolidated basis for Borrower and its Subsidiaries, without duplication, of (a) the value of total assets of the Borrower and its Subsidiaries, less all liabilities and indebtedness not represented by senior securities to (b) the aggregate amount of senior securities representing indebtedness of Borrower and its Subsidiaries (including this Agreement), in each case as determined pursuant to the Investment Company Act and any orders of the Securities and Exchange Commission issued to or with respect to Borrower thereunder, including any exemptive relief granted by the Securities and Exchange Commission with respect to the indebtedness of any SBIC Subsidiary.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Debt Coverage Ratio means the ratio of Consolidated Indebtedness to Consolidated EBITDA.