Coverage Ratios in the event that, as of any Ratio Calculation Date, (A) the Revenue Coverage Ratio for the most recent Calculation Period is equal to or less than 1.00 to 1.00 or (B) the Debt Service Coverage Ratio for the most recent Calculation Period is equal to or less than 1.50 to 1.00;
Coverage Ratios. The Loan Servicer shall have received, in form and substance satisfactory to each Relevant Credit Party, a certificate setting forth calculations, consistent with the Base Case Projections delivered pursuant to Section 4.1.4 indicating that throughout the term of the DOE Credit Facility a minimum annual Debt Service Coverage Ratio of 1.30 to 1 for the period after the Project Completion Date is expected to be achieved.
Coverage Ratios. Borrowers shall not permit (a) the Fixed Charge Coverage Ratio to be less than 1.50 to 1.00; and (b) the Interest Coverage Ratio to be less than 1.50 to 1.00.
Coverage Ratios. (a) If any Other Borrower Debt Agreement contains a Fixed Charge Coverage Ratio, the Borrower shall not permit the Fixed Charge Coverage Ratio on the last day of any fiscal quarter to be less than the ratio set forth in such Other Borrower Debt Agreement, which is 2.50 to 1.00 as of May 8, 2018.
Coverage Ratios. (i) The ratio of (x) Consolidated EBITDA (less Minimum Capital Expenditure Reserves except to the extent such reserves have been taken into account in determining Consolidated EBITDA) for any period of twelve consecutive months ending on the last day of each of the Borrower's fiscal quarters (each such period, a "Base Period"), to (y) Debt Service of the Borrower, the REIT and their Consolidated Subsidiaries (without duplication) for such Base Period shall not at any time be less than 2.25 to 1.
Coverage Ratios. (a) The ratio of (x) actual Adjusted EBITDA of Borrower and its Consolidated Subsidiaries for any period of three consecutive months (the "Base Period"), to (y) the Debt Service and Fixed Charges of the Borrower, the REIT and their Consolidated Subsidiaries, without duplication, for such Base Period shall not at any time be less than 1.80 to 1.
Coverage Ratios. Projected -------------------------------------------------- 1994 ------------------------ 1995 ------------------------ Estimated No No 1993 ---------- Transaction Pro Forma ------------ ---------- Transaction Pro Forma ------------ ---------- Indicative Coverage Ratio ------------------------- EBDRIT/Fixed Charges/(a)/ 1.5x 1.8x 1.8x 2.0x 2.1x Selected Standard & Poor's Ratios --------------------------------- EBITDA Interest Coverage/(b)/ 2.9x 5.3x 4.2x 7.1x 5.8x Funds Flow to Total Debt/(c)/ 9.2% 12.8% 11.9% 14.2% 15.4% ---------------------- /(a)/ Fixed charges include gross interest expense (interest expense before subtracting capitalized interest and interest income), rents and preferred dividends. /(b)/ Interest expense does not include rent expense. /(c)/ Interest expense is defined as gross interest expense plus rents. Stock Ownership Adjustment Mechanism - Structure --------------------------------------------------------------------------- [ ] Designed to bridge the 33% "market value gap" between the two sides. [ ] Coalition increases ownership from 53% if UAL's average closing stock price for one year exceeds $85 per share value. Before dilution, to reach 63%, price is $113.33; post dilution price equals $89.22. [ ] Until the Coalition reaches its maximum 63% ownership, any market value appreciation in the first year will be shared in the following ratio: - Coalition: 93% - Existing Shareholders: 7% [ ] Market value appreciation split effected by issuing the Coalition new shares and consequently diluting existing UAL shareholders. Key Issue: Pro Forma Equity Trading Valuation --------------------------------------------------------------------------- [ ] As a substantial portion of the total value to shareholders will be in common stock, the prospective trading value of the stock is critical. Preliminary View of Equity Market Perceptions Positives Issues [ ] Excitement about prospects of more [ ] Minority interest in employee-owned stable company. company arising from governance structure. [ ] Enhanced labor relations. [ ] Adequacy for meeting near- and long-term [ ] Closer alignment of industry challenges. shareholder/employee interests. [ ] Sustainability of no snap-back. [ ] Reduction in costs and more flexible work rules to boost [ ] Treatment of ESOP charges and share competitiveness. allocation by analysts. [ ] Favorable impact on cash flow. Equity Valuation --------------------------------------------------------------------------- Rang...
Coverage Ratios. (I) As of the last day of each month set forth below, the Borrower shall maintain a ratio of (a) EBITDA for the most recently completed twelve fiscal months to (b) the sum of (i) Interest Expense for such period, plus (ii) the aggregate amount of payments required to be made by the Borrower and its Subsidiaries during such period in respect of principal on all Indebtedness for Borrowed Money (whether at maturity, as a result of mandatory sinking fund redemption, mandatory prepayment, acceleration or otherwise, but excluding payment made on the Revolving Credit) (the “Debt Service Coverage Ratio”) of not less than: FISCAL MONTH ENDING DEBT SERVICE COVERAGE RATIO SHALL NOT BE LESS THAN September 26, 2004 4.00 to 1.0 October 24, 2004 2.50 to 1.0 November 21, 2004 1.50 to 1.0 January 2, 2005 1.50 to 1.0 January 30, 2005 1.50 to 1.0 February 27, 2005 2.00 to 1.0
Coverage Ratios. DOE shall have received, in form and substance satisfactory to DOE, evidence that the Base Case Projections delivered pursuant to Section 4.1.4 indicate throughout the term of the DOE Credit Facility Documents a minimum annual Debt Service Coverage Ratio of 1.15 to 1.00 for the period after the Project Completion Date is expected to be achieved and until repayment in full of the DOE Guaranteed Loan.
Coverage Ratios. 85 SECTION 6.10 Maximum Total Leverage Ratio......................................................... 85 SECTION 6.11 Minimum Net Worth.................................................................... 86 SECTION 6.12 Maximum Senior Secured Debt Ratio.................................................... 86 SECTION 6.13
