Minimum Fixed Charge Coverage Ratio definition

Minimum Fixed Charge Coverage Ratio means the sum of EBITDA and rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and the Operating Lease, for a given period, divided by the sum of (A) interest expense (which shall not include interest on the Subordinated Debt which is deferred and not paid), (B) rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and Operating Lease, (C) principal payments on the Subordinated Debt, the Bonds and any other permitted debt, and (D) Unfunded Capital Expenditures in the amounts disclosed by Borrower in its financial statements, for such period.

Minimum Fixed Charge Coverage Ratio means, for any Calculation Period, the ratio of (a) Adjusted Consolidated EBITDA, to (b) Consolidated Fixed Charges, in each case for such Calculation Period.

Minimum Fixed Charge Coverage Ratio means, as of the close of any Fiscal Quarter, commencing with the close of the Fiscal Quarter in which the Conversion Date occurs, the ratio computed for the period consisting of such Fiscal Quarter (or such shorter period of any Fiscal Quarter after the occurrence therein of the Conversion Date and each of the three immediately prior Fiscal Quarters (or such lesser number of Fiscal Quarters to have closed since the Conversion Date) of:

Examples of Minimum Fixed Charge Coverage Ratio in a sentence

• Worshippers will be directed/escorted to specific rows by Cares Ministry:• Diaconate seats will be reserved in front row(s)• 1st worshippers to arrive will be seated in the 1st available row at the front of the sanctuary, alternating between the right and left side of the sanctuary for each row.

• Such other information (including non-financial information) as the Administrative Agent, the LC Bank or any Lender may from time to time reasonably request; provided, however, that at any time that no Minimum Fixed Charge Coverage Ratio Period or Event of Default has occurred and is continuing, the Administrative Agent will not request an Interim Report be furnished with respect to the Pool Receivables.

• Minimum Fixed Charge Coverage Ratio is measured as EBITDA(2) less the sum of : (i) capital expenditures, (ii) taxes paid, (iii) dividends and distributions, (iv) water treatment and reclamation payments and (v) water treatment trust funding, divided by the sum of (a) interest expense paid in cash plus (b) scheduled principal payments on indebtedness.

• Permit the Minimum Fixed Charge Coverage Ratio to be less than 1.50:1.00 as of the last day of any fiscal quarter of the Borrower.

• Each Party shall act solely as independent contractor and nothing in this Agreement shall constitute or be construed to be or create a partnership, joint venture, or principal/agent relationship between GEMH Parties, on the one hand, and Mortgage Services, on the other.

More Definitions of Minimum Fixed Charge Coverage Ratio

Minimum Fixed Charge Coverage Ratio is hereby deleted in its entirety and replaced as follows:

Minimum Fixed Charge Coverage Ratio is defined as Borrowers EBITDA plus rent and operating lease payments, less cash taxes paid, distributions, dividends and capital expenditures (other than Capital Expenditures financed with the proceeds of purchase money Indebtedness or Capital Leases to the extent permitted hereunder) and other extraordinary income for the twelve month period then ending, to: (b) the consolidated sum of: (i) Borrowers interest expense; and (ii) all principal payments with respect to Indebtedness, including capital leases and subordinated debt, that were paid or were due and payable by Borrowers during the period, plus rent and operating lease expense incurred in the same such period.

Minimum Fixed Charge Coverage Ratio means the ratio of: (1) EBITDA (as defined above) for the Four Quarter Period (as defined above), minus capital expenditures (excluding capitalized expenses) not funded by debt for the Four Quarter Period, minus stock repurchases for the Four Quarter Period, minus equity retirements and dividends declared during the Four Quarter Period; to (2) interest expense for the Four Quarter Period, plus the sum of all scheduled principal payments made in respect of the long term debt for the Four Quarter Period.

Minimum Fixed Charge Coverage Ratio means: EBITDAL + Rent/Lease Expenses ----------------------------- Interest Expense* + PPLTD + Rent/Lease Expense + Maintenance Capital Expenditures (*"Interest Expense" excludes any accrued but not paid Subordinated Debt interest.)

Minimum Fixed Charge Coverage Ratio means 1.0:1.0.

Minimum Fixed Charge Coverage Ratio. As of any fiscal quarter end, permit the ratio of (a) the sum of (i) EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date minus (ii) Capital Expenditures for such period to (b) Fixed Charges for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to be less than the corresponding ratio set forth below; provided that (i) for the fiscal quarter ending 12/31/01, Fixed Charges (other than cash taxes) shall be calculated by multiplying the actual amount of Fixed Charges (other than cash taxes) for such fiscal quarter by four (4), (ii) for the fiscal quarter ending 3/31/02, Fixed Charges (other than cash taxes) shall be calculated by multiplying the actual amount of Fixed Charges (other than cash taxes) for such two fiscal quarters by two (2), and (iii) for the fiscal quarter ending 6/30/02, Fixed Charges (other than cash taxes) shall be calculated by multiplying the actual amount of Fixed Charges (other than cash taxes) for such three fiscal quarters by four-thirds (4/3), and for each of the foregoing fiscal quarters, cash taxes shall be calculated on the basis of actual cash taxes during the four (4) consecutive fiscal quarter period ending on such date. Period Ratio ------ ----- Fiscal quarters ending 1.20 to 1.00 12/31/01 through 3/31/02 Fiscal quarters ending 1.25 to 1.00 6/30/02 through 12/31/03 Fiscal quarters ending 1.50 to 1.00 3/31/04 and thereafter

Minimum Fixed Charge Coverage Ratio means, for any period, the ratio of: