Fixed Charge Coverage definition

Fixed Charge Coverage means, for any period, Operating Cash Flow divided by Fixed Charges.

Fixed Charge Coverage will be calculated as illustrated on Exhibit 4.8(C).

Fixed Charge Coverage means the ratio of (a) the sum of EBITDA, to (b) the sum of (without duplication) (i) Interest Expense for such period, (ii) the sum of the scheduled current maturities (determined on a Consolidated basis in accordance with GAAP) of Total Funded Debt during the period in question, and (iii) all amount payable with respect to Capital Lease Obligations for the period in question.

Examples of Fixed Charge Coverage in a sentence

• The Trustee shall not be deemed to be required to calculate any Fixed Charges, Treasury Rates, Additional Amounts, any make-whole amount, any Fixed Charge Coverage Ratio or other coverage ratio, or otherwise.

• Maintain a Fixed Charge Coverage Ratio as of the last day of each Fiscal Quarter, determined on the basis of the most recently completed four consecutive Fiscal Quarters ending on such day, of not less than 2.00:1.00.

• In each case the Fixed Charge Coverage Ratio shall be determined as of the last day of each fiscal quarter for the four-quarter period ending on such day.

• The Borrower will not permit the Fixed Charge Coverage Ratio for any Test Period to be less than 1.0 to 1.0; provided that such Fixed Charge Coverage Ratio will only be tested on the date any Covenant Trigger Period commences (as of the last day of the Test Period ending on or immediately prior to the date on which such Covenant Trigger Period shall have commenced) and shall continue to be tested as of the last day of each Test Period thereafter until such Covenant Trigger Period is no longer continuing.

• Permit the Fixed Charge Coverage Ratio, as of the end of any fiscal quarter of the Consolidated Group (and any other date for which a pro forma Compliance Certificate is required to be delivered pursuant to the terms hereof) to be equal to or less than 1.50 to 1.0.

More Definitions of Fixed Charge Coverage

Fixed Charge Coverage means for any period the ratio derived by dividing (a) the sum of net income for such period (before income taxes, patronage dividends, and extraordinary items) plus Fixed Charges by (b)

Fixed Charge Coverage means the ratio of (i) EBITDA less cash paid for taxes and less Capital Expenditures to (ii) the sum of Current Maturities plus Interest Expense plus the Current Maturities of Capitalized Lease Obligations (without duplication of Interest Expense).

Fixed Charge Coverage means and include, with respect to any fiscal period, the ratio of (a) EBITDA, minus non-financed capitalized expenditures made during such period, to (b) all Senior Debt Payments during such period plus all dividends paid in accordance with the Intercreditor Agreement during such period plus all tax payments actually made or required to be made by the Borrowers.

Fixed Charge Coverage shall be determined in accordance with the definition set forth in the "Fixed Charge Coverage" covenant of this Article V.

Fixed Charge Coverage means the quotient which is obtained by dividing (i) the difference of EBIDA for the 12-month period preceding the applicable date, less Maintenance Capital Expenditures for the 12-month period preceding the applicable date, less Dividends for the 12-month period preceding the applicable date, by (ii) the sum of Current Maturities of Long-Term Indebtedness as of the applicable date, plus Interest Expense for the 12-month period preceding the applicable date.

Fixed Charge Coverage. Ratio is made (the "Calculation Date"), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence or redemption of Indebtedness, or such issuance or redemption of Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, consolidations and discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, that have been made by the Company or any of its Restricted Subsidiaries during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, discontinued operations, mergers and consolidations (and the change of any associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition, discontinued operation, merger or consolidation, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger or consolidation had occurred at the beginning of the applicable four-quarter period. For purposes of this definition, whenever pro forma effect is to be given to any transaction, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an inte...

Fixed Charge Coverage. Ratio Calculation Date” 1.1 “Foreign Disposition” 3.5(e) “Global Notes” 2.1(b) “Guaranteed Obligations” 10.1 “Increased Amount” 3.6(c) “Initial Agreement” 3.4(b)(16) “Initial Default” 6.2(c) “Initial Lien” 3.6(a) “Institutional Accredited Investor Global Note” 2.1 “Institutional Accredited Investor Notes” 2.1 “Issuer Order” 2.2 “Judgment Currency” 13.22 “LCT Election” 3.2(c)(10) “LCT Test Date” 3.2(c)(10) “LCT Public Offer” 3.2(c)(10) “Legal Defeasance” 8.2 “Legal Holiday” 13.7 “New York Presence Obligor” 13.20(b) “Note Guarantees” 10.1 “Noteholder Direction” 6.1(b) “Notes Register” 2.3 “Other Guarantee” 10.2(b)(5) “payment default” 6.1(a)(4)(A) “Performance References” 1.1