the Fixed Charge Coverage Ratio definition

the Fixed Charge Coverage Ratio means the ratio of (i) the sum of the Borrowers' EBITDA minus the sum of unfinanced Capital Expenditures, dividends and cash taxes to (ii) the sum of Interest Expense and current maturities of long term debt paid during the measured period.

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the Fixed Charge Coverage Ratio covenant set forth at PARAGRAPH 1 of SCHEDULE G to the Loan Agreement is hereby deleted in its entirety and the following is substituted therefor:

the Fixed Charge Coverage Ratio. (i) for the four consecutive fiscal quarter period ending on September 30, 2002, to be less than .60 to 1; (ii) for the one fiscal quarter period ending December 31, 2002, to be less than .9 to 1; (iii) for the two consecutive fiscal quarter period ending March 31, 2003, to be less than .9 to 1; (iv) for the three consecutive fiscal quarter period ending June 30, 2003, to be less than 1 to 1; and (v) for the four consecutive fiscal quarter period ending September 30, 2003, and for each four consecutive calendar quarter period ending on each December 31, March 31, June 30 and September 30 thereafter, to be less than 1 to 1;

Examples of the Fixed Charge Coverage Ratio in a sentence

Permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter of the Parent to be less than 1.50 to 1.00.
During any Covenant Trigger Period, the Lead Borrower will not permit the Fixed Charge Coverage Ratio (calculated on a Pro Forma Basis as of the last day of the most recently ended Test Period) to be less than 1.00:1.00.
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.
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.
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.
Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be less than 1.50 to 1.00.
Not permit the Fixed Charge Coverage Ratio on the last day of any quarter of any fiscal year of the Company to be less than 110%.
Permit the Fixed Charge Coverage Ratio to be less than 1.75:1.0 at any time.
Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be less than 1.50 to 1.00, or, for a period of four consecutive fiscal quarters following a Material Acquisition, 1.40 to 1.00.
Permit the Fixed Charge Coverage Ratio to be less than 1.50 to 1.00 as of the end of any fiscal quarter.

More Definitions of the Fixed Charge Coverage Ratio

the Fixed Charge Coverage Ratio for each Fiscal Year ending on or after the last Saturday of December 2001, the Fixed Charge Coverage Ratio for the twelve month period ending on such Fiscal Year end: Revolving Applicable Margin Fixed Charge Coverage for Prior Fiscal Year Credit Loans Term Loan A Term Loan B ------------------------------------------- ------------ ----------------- ----------- < 0.50 to 1.00 4.00% 4.25% 4.50% -

the Fixed Charge Coverage Ratio financial covenant set forth in Section 9.3(a) of the Loan Agreement and the Liquidity Covenant, (2) consent to the M Holdings Note Transaction, and (3) consent to the PIK Note Transaction;