Fixed Charge Cover definition

Fixed Charge Cover means, in relation to any Relevant Period, the ratio of Cash Flow to Net Debt Service for such Relevant Period.
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Fixed Charge Cover. Fixed Charge Cover for each Relevant Period specified in column 1 below shall not be less than the ratio set out in column 2 below opposite such Relevant Period.
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Fixed Charge Cover means, in respect of any Relevant Period, the ratio of Consolidated EBITDA for that Relevant Period to the sum of (i) Consolidated Total Net Finance Charges for that Relevant Period and (ii) Capital Expenditure for that Relevant Period.
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Examples of Fixed Charge Cover in a sentence

  • Fixed Charge Cover ratio - Defined as Consolidated EBITDAL to Fixed Charges.

  • Any conflict between the provisions of this Third Amendment and the Agreement shall be resolved in favor of this Third Amendment; provided, however, that all definitions in this Third Amendment shall only apply prospectively from the Third Amendment Effective Date, unless otherwise noted in this Third Amendment, and such application will be without prejudice to interpretation of the Agreement as it was in effect prior to the Third Amendment Effective Date.

  • The Senior Leverage Ratio is to be maintained at less than 3.5:1 through June 30, 2017 and thereafter reduced to a ratio of less than 3.0:1, while the Fixed Charge Cover Ratio is to be maintained at a ratio greater than 1.0:1 except for the quarter ending March 31, 2017 where a ratio greater than 0.9:1 will be permitted.

  • Fixed Charge Cover ratio defined as Consolidated EBITDAL to Fixed Charges.

  • The Company’s debt facility has three key covenants: the leverage ratio (Debt/EBITDA); the net worth ratio ((total assets – total liabilities) / total assets) and the Fixed Charge Cover ratio ((EBITDA + real property lease expenses)/(interest expense +real property lease expenses)).


More Definitions of Fixed Charge Cover

Fixed Charge Cover. Fixed Charge Cover in respect of any Relevant Period specified in column 1 below shall be or shall exceed the ratio set out in column 2 below opposite that Relevant Period.
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Fixed Charge Cover means the ratio of Cashflow to Debt Service in respect of any Relevant Period.
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Fixed Charge Cover. Fixed Charge Cover in respect of any Relevant Period ending:
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Fixed Charge Cover. Fixed Charge Cover for each Relevant Period ending on a Quarter Date prior to the occurrence of the Qualifying Public Offering shall not be less than 1.0:1
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Fixed Charge Cover being determined in respect of the Forward Quarter Dates by reference to actual performance to the immediately preceding Quarter Date (and, to the extent feasible, actual performance for the Financial Quarter ending on the Coupon Date) and projected performance by reference to the most recent budget or Revised Financial Projections delivered to the Senior Agent under the Senior Facility Agreement; and
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Fixed Charge Cover means the ratio of EBITDAR to Net Finance and Rent Charges in respect of any Relevant Period
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Fixed Charge Cover. The ratio of Cashflow to Total Debt Service shall not, in respect of the relevant testing period specified in sub-clause 19.8.1 ending on each of the dates specified in Column A below, be less than the ratio specified opposite that date in Column B below: Column A Column B 30 September 1999 1.05:1 31 December 1999 1.05:1 31 March 2000 1.05:1 30 June 2000 1.05:1 30 September 2000 1.05:1 31 December 2000 1.05:1 31 March 2001 1.05:1 30 June 2001 1.05:1 30 September 2001 1.05:1 31 December 2001 1.05:1 31 March 2002 1.05:1 30 June 2002 1.05:1 30 September 2002 1.05:1 31 December 2002 1.05:1
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