Common use of Fixed Charge Coverage Ratio Clause in Contracts

Fixed Charge Coverage Ratio. The Company shall not permit its Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter.

Fixed Charge Coverage Ratio. The Company shall Borrowers will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as for any period of four consecutive fiscal quarters ending on the last day of any each fiscal quarter (commencing beginning with the fiscal quarter ended of the Parent ending on June 30, 1996)2010, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrowers will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with for the quarter ended June 30, 1996)four consecutive fiscal quarters ending on that date, to be less than (i) 1.40 1.20 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with for the quarter ended June 30, 1996)four fiscal quarters ending on that date, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall not permit its Permit the Fixed Charge Coverage Ratio as determined as of the last day end of any fiscal quarter (Fiscal Quarter of the Borrower commencing with the quarter ended June 30on and after December 31, 1996), 2011 to be less than (i) 1.40 1.25 to 1.00 through 1.00; provided, however, no compliance with the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterFixed Charge Coverage Ratio shall be required as of the end of any Fiscal Quarter in which there is Excess Cash as of such date.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than 1.25 to one (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.25:1).

Fixed Charge Coverage Ratio. The Company shall Credit Parties will not permit its Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), Fiscal Quarter to be less than (i) 1.40 1.10 to 1.00 through the quarter ending March during any Testing Period commencing with September 30, 1997 and (ii) 1.50 to 1.00 thereafter2015.

Fixed Charge Coverage Ratio. The Company US Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any each fiscal quarter (quarter, commencing with the quarter ended June 30ending March 31, 1996)2017, to be less than (ia) 1.40 1.00 to 1.00 through the for each fiscal quarter ending March on or prior to June 30, 1997 2017 and (iib) 1.50 1.25 to 1.00 thereafterfor each fiscal quarter ending after June 30, 2017.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)quarter, to be less than (i) 1.40 1.25 to 1.00 through 1.00. The Leverage Ratio and the quarter ending March 30, 1997 and (ii) 1.50 Fixed Charge Coverage Ratio described in this Section 6.12 shall collectively be referred to 1.00 thereafteras the “Financial Covenants”.

Fixed Charge Coverage Ratio. The Company Borrowers shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.15:1.00.

Fixed Charge Coverage Ratio. The Company shall not Borrower will not, as of --------------------------- the end of any fiscal quarter on or after the end of the fiscal quarter ending March 31, 1999, permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter2.5:1.0.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any each fiscal quarter (quarter, commencing with the quarter ended June 30ending March 31, 1996)2016, to be less than (ia) 1.40 1.15 to 1.00 through the for each fiscal quarter ending on or prior to March 3031, 1997 2017 and (iib) 1.50 1.25 to 1.00 thereafter.for each fiscal quarter ending after March 31, 2017

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter (quarter, commencing with the fiscal quarter ended June 30ending on December 31, 1996)2023, to be less than (i) 1.40 1.20 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined to be less than 1.4 to 1.0 as of the last day of any fiscal quarter (commencing quarter, beginning with the fiscal quarter ended June 30ending December 31, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter.

Fixed Charge Coverage Ratio. The Company shall not permit its Fixed Charge Coverage Ratio as determined as of At the last day of any fiscal quarter (commencing with Fiscal Quarter, the quarter ended June 30, 1996), Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.25:1.00; provided that compliance with this Section 6.13 shall be required only at such times as Average Facility Availability is less than $100,000,000.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined to be less than 1.25 to 1.00 as of the last day of any fiscal quarter (commencing with of the Borrower for the four-fiscal quarter ended June 30period then ended, 1996), to be less than (i) 1.40 to 1.00 through and demonstrated quarterly in the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterCompliance Certificate.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any each fiscal quarter (commencing with the quarter ended June 30ending on or after March 31, 1996), 2014 to be less than (i) 1.40 1.50 to 1.00 through 1.00. For the avoidance of doubt, the calculation of the Fixed Charge Coverage Ratio for the fiscal year ending December 31, 2013 and the fiscal quarter ending March 3031, 1997 and (ii) 1.50 to 1.00 thereafter2014 shall not include any EBITDA, taxes, Maintenance Capital Expenditures, Interest Expenses or Funded Debt of United Centrifuge.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)quarter, to be less than (i) 1.40 1.15 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of four consecutive fiscal quarters ending on the last day of any each fiscal quarter (commencing with the quarter ended June 30, 1996), after giving effect to any Cure Payments pursuant to Section 7.02) to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.20:1.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as of the last day of any each fiscal quarter (quarter, commencing with the fiscal quarter ended June 30ending on (or on the date nearest to) March 31, 1996)2012, to be less than (i) 1.40 1.1 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio (i) as determined as of at the last day end of any fiscal quarter (commencing with Fiscal Quarter through the quarter ended June 30Fiscal Quarter ending on July 2, 1996), 2005 to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 1.00:1.00 and (ii) 1.50 to 1.00 as at the end of any Fiscal Quarter thereafter, 1.05:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of the last day of any four consecutive fiscal quarter (commencing with the quarter ended June quarters ending on or after September 30, 1996), 2004 to be less than (i) 1.40 1.35 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with for the quarter ended June 30, 1996), four consecutive fiscal quarters ending on that date to be less than (i) 1.40 1.2 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Loan Parties shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of for any fiscal quarter (commencing with the quarter ended June 30, 1996), month to be less than (i) 1.40 1.31 to 1.00 through as determined in accordance with GAAP for the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterperiod of four consecutive fiscal quarters then ending.

Fixed Charge Coverage Ratio. The Company shall Borrowers will not permit its the Fixed Charge Coverage Ratio as determined as to be less than 1.1 to 1.0 for any period of four consecutive fiscal quarters ending on the last day of each such period; provided that, this covenant shall only be applicable for such periods ending during any Activation Period and for such periods ending on the last day of the fiscal quarter (commencing with the quarter ended June 30, 1996), ending immediately prior to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterany Activation Period.

Fixed Charge Coverage Ratio. The Company shall not permit its Fixed Charge Coverage Ratio as determined Beginning with the first full fiscal quarter ending after the Effective Date and as of the last day of any such fiscal quarter (commencing with thereafter, the Borrower will not permit the Fixed Charge Coverage Ratio, for any period of four consecutive fiscal quarters ending on the last day of any such fiscal quarter ended June 30, 1996), to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter (commencing with during the quarter ended June 30, 1996)term hereof, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.50:1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any each fiscal quarter (commencing with the quarter ended June 30, 1996), end to be less than (ia) 1.40 1.25 to 1.00 through the for each fiscal quarter ending March 30prior to December 31, 1997 2009, (b) 1.10 to 1.00 for the fiscal quarter ending December 31, 2009 and (iic) 1.50 1.25 to 1.00 thereafterfor each fiscal quarter ending after December 31, 2009.

Fixed Charge Coverage Ratio. The Company shall not permit its Fixed Charge Coverage Ratio as determined as As of the last day of any fiscal quarter (commencing with quarter, Borrower shall not permit the quarter ended June 30, 1996), Fixed Charge Coverage Ratio to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0 for the twelve month period ending on such date.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.25:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower and the Subsidiaries will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with Fiscal Quarter for the quarter ended June 30, 1996)four consecutive Fiscal Quarters ending on that date, to be less than (i) 1.40 1.15 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any each fiscal quarter (quarter, commencing with the quarter ended June 30ending March 31, 1996)2016, to be less than (ia) 1.40 1.15 to 1.00 through the for each fiscal quarter ending March on or prior to June 30, 1997 2017 and (iib) 1.50 1.25 to 1.00 thereafterfor each fiscal quarter ending after June 30, 2017.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with for the quarter ended June 30, 1996)four consecutive fiscal quarters ending on that date, to be less than (i) 1.40 2.00 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall not permit its Permit the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing of the Borrower, beginning with the fiscal quarter ended June 30ending on March 31, 1996)2021, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.25:1:00.

Fixed Charge Coverage Ratio. (i) The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing of the Borrower, beginning with the fiscal quarter ended ending June 30, 1996)2012, to be less than (i) 1.40 the correlative ratio indicated below: Fiscal Quarter Ending Minimum Fixed Charge Coverage Ratio On or before December 31, 2012 1.10 to 1.00 through the quarter ending March 30After December 31, 1997 and (ii) 1.50 2012 but on or before December 31, 2013 1.15 to 1.00 thereafter.After December 31, 2013 1.20 to 1.00

Fixed Charge Coverage Ratio. The Company shall not permit its Fixed Charge Coverage Ratio as determined as As of the last day of any fiscal quarter (commencing with quarter, Borrower shall not permit the quarter ended June 30, 1996), Fixed Charge Coverage Ratio to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0 for the four most recently ended fiscal quarters.

Fixed Charge Coverage Ratio. The Company Borrowers shall not permit its the Fixed Charge Coverage Ratio as Ratio, determined for the Parent and its Subsidiaries on a consolidated basis, as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)Fiscal Quarter, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter.amounts specified for the applicable dates as follows: Fiscal Quarter End

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as for any period of four consecutive fiscal quarters ending on the last day of any each fiscal quarter (commencing with the quarter ended June 30, 1996)quarter, to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall not permit its Fixed Charge Coverage Ratio as determined as As of the last day of any fiscal quarter (commencing Fiscal Quarter, beginning with the quarter ended June 30Fiscal Quarter ending May 4, 1996)2002 and continuing thereafter, the Borrowers shall not permit the Fixed Charge Coverage Ratio, determined for the Parent and its Subsidiaries for the preceding four (4) Fiscal Quarters ending as of such date, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter.amounts specified for the applicable dates as follows:

Fixed Charge Coverage Ratio. The Company shall (a) During the period from the Closing Date to the first anniversary thereof, the Borrowers will not permit its the Fixed Charge Coverage Ratio as determined Ratio, measured as of the last day of any fiscal quarter (commencing the most recently ended Fiscal Quarter for which financial statements were required to have been delivered in accordance with Section 6.2, and for the quarter ended June 30, 1996)period of four Fiscal Quarters then ending, to be less than (i) 1.40 1.10 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter.1.0;

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the fiscal quarter ended June 30on March 31, 1996), 2021) to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.15:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its as of the end of each Fiscal Quarter, the Fixed Charge Coverage Ratio as Ratio, determined as for the period of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)four Fiscal Quarters then ending, to be less than (i) 1.40 1.15 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing beginning with the fiscal quarter ended June ending September 30, 19962014), solely to the extent Loans are outstanding on such date, to be less than (ix) 1.40 in the case of each the first four fiscal quarters ending after the Third Amendment Effective Date, 2.00 to 1.00 through the quarter ending March 30, 1997 and (iiy) 1.50 in the case of each other fiscal quarter, 2.20 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Commencing September 30, 2010 and thereafter, the Borrowers will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as of for the trailing twelve month period ending on the last day of any each fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.10:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 1.25 to 1.00 through 1.00, commencing with the fiscal quarter ending March 3031, 1997 and (ii) 1.50 to 1.00 thereafter2002.

Fixed Charge Coverage Ratio. The Company shall Parent will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as of the last day end of any fiscal quarter (commencing with each of its Fiscal Quarters for the quarter then most-recently ended June 30, 1996)four Fiscal Quarters, to be less than (i) 1.40 2.25 to 1.00 through 1.0 as of the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterend of any Fiscal Quarter.

Fixed Charge Coverage Ratio. The Company shall not Borrower will not, as end of any fiscal quarter, permit its the Fixed Charge Coverage Ratio as determined for the four quarter period ended as of the last day end of any such fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as Ratio, determined for the Borrower and its Subsidiaries on a consolidated basis as of the last day end of any each of its fiscal quarter (commencing with quarters for the quarter then most-recently ended June 30, 1996)four fiscal quarters, to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Consolidated Fixed Charge Coverage Ratio as determined as of for any four-fiscal-quarter period ending on the last day of any fiscal quarter (commencing with a) ending during the period from the Effective Date through and including the fiscal quarter ended June 30ending on or about October 31, 1996)2007, to be less than (i) 1.40 1.20 to 1.00 through the quarter ending March 30, 1997 1.0 and (iib) 1.50 ending thereafter, to 1.00 thereafterbe less than 1.10 to 1.0.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, calculated as of the last day end of any each fiscal quarter (commencing with the fiscal quarter ended June ending September 30, 1996), 1996 then ended to be less than (i) 1.40 1.25 to 1.00 during the period beginning on the Closing Date and through the quarter ending March 3031, 1997 1998, and (ii) 1.50 to 1.00 for the period beginning on April 1, 1998 and at all times thereafter.

Fixed Charge Coverage Ratio. The Company shall Borrowers will not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)Ratio, to be less than (i) 1.40 1.10 to 1.00 through for any Fixed Charge Coverage Period ending during any Activation Period and for such Fixed Charge Coverage Period ending on the last day of the fiscal quarter ending March 30, 1997 and (ii) 1.50 immediately prior to 1.00 thereafterany Activation Period.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with quarter, for the quarter ended June 30, 1996), four consecutive fiscal quarters ending on that date to be less than (i) 1.40 1.75 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of four consecutive fiscal quarters of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), Borrower to be less than (i) 1.40 2.25 to 1.00 through from the quarter ending March 30, 1997 Closing Date until but excluding the first anniversary thereof and (ii) 1.50 2.50 to 1.00 thereafterfrom and after the first anniversary of the Closing Date.

Fixed Charge Coverage Ratio. The Company shall Commencing with the fiscal quarter of the Borrower ending September 30, 2024, the Borrower will not permit its Fixed Charge Coverage Ratio as determined permit, as of the last day of any such fiscal quarter (commencing with and each subsequent fiscal quarter, the quarter ended June 30, 1996), Fixed Charge Coverage Ratio to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.”

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day Borrower and its Subsidiaries on a consolidated basis, in each case for any period of any four consecutive fiscal quarter (commencing with quarters of the quarter ended June 30, 1996), Borrower ending on or after the Effective Date to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.50:1.00.

Fixed Charge Coverage Ratio. The Company As of the end of each Fiscal Quarter, the Borrower shall not permit its the Fixed Charge Coverage Ratio as determined Ratio, calculated as of the last day end of any fiscal quarter such Fiscal Quarter, for the preceding four (commencing with the quarter ended June 30, 1996)4) Fiscal Quarter period then ending, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter2.50:1.

Fixed Charge Coverage Ratio. The Company shall Commencing with the fiscal quarter ending June 30, 2015, the Borrower will not permit its the Fixed Charge Coverage Ratio as determined to be less than 1.15 to 1.00 as of the last day of any fiscal quarter (commencing with for the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter 12 consecutive fiscal months ending March 30, 1997 and (ii) 1.50 to 1.00 thereafteron such date.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be (commencing with the quarter ended i) as of March 31, 2016, less than 1.25 to 1.0, (ii) as of June 30, 1996)2016, to be September 30, 2016 and December 31, 2016, less than (i) 1.40 1.15 to 1.00 through the quarter ending March 301.0, 1997 and (iiiii) 1.50 for all periods thereafter, less than 1.25 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its Fixed Charge Coverage Ratio as determined of the last day of any Fiscal Quarter through and including the end of Fiscal Year 2012 to be less than 1.65 to 1.00, and shall not permit its Fixed Charge Coverage Ratio as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), Fiscal Quarter thereafter to be less than (i) 1.40 1.75 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Consolidated Fixed Charge Coverage Ratio as determined as of for any four-fiscal-quarter period ending on the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 1.10 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Neither Borrower shall not permit its Fixed Charge Coverage Ratio as determined as of to be less than (i) 3.00 to 1.00 for any consecutive four-quarter period ending on the last day of any fiscal quarter (commencing with the quarter ended June 30through and including December 31, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and 1999 or (ii) 1.50 to 1.00 2.25 for any consecutive four-quarter period ending on the last day of any fiscal quarter thereafter.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as of the last day end of any each of its fiscal quarters starting with the fiscal quarter (commencing with the quarter ended June 30ending February 28, 1996)2006, to be less than (i) 1.40 1.15 to 1.00 through for the fiscal quarter ending March 30February 28, 1997 2006 and (ii) 1.50 1.25 to 1.00 for all fiscal quarters thereafter.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its Fixed Charge Coverage Ratio as determined as of to be less than 1.25 to 1.0 measured at the last day end of any fiscal quarter (for the four consecutive fiscal quarters then ended commencing with the fiscal quarter ended ending June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter2008.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (for the four consecutive fiscal quarters ending on that date, commencing with the quarter ended June 30ending December 31, 1996)2005, to be less than (i) 1.40 1.15 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its --------------------------- the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 2.00 to 1.00 through 1 at the quarter ending March 30end of any Fiscal Quarter, 1997 and (ii) 1.50 to 1.00 thereaftercalculated for the twelve Fiscal Periods preceding the date of determination.

Fixed Charge Coverage Ratio. The Company Borrower and its Subsidiaries shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of for any fiscal quarter (commencing four-Fiscal Quarter period, beginning with the quarter ended June 30four-Fiscal Quarter period ending December 28, 1996)2019, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.10:1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30ending on or after December 31, 1996), 2009 to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.10:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio Ratio, for any period of four consecutive fiscal quarters, taken as determined as of one accounting period, ending on the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Credit Parties shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing Fiscal Quarter, beginning with the quarter ended June Fiscal Quarter ending September 30, 1996)2014, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.50:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing quarter, beginning with the fiscal quarter ended ending June 30, 1996)2003, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall Loan Parties will not permit its the Fixed Charge Coverage Ratio as Ratio, determined for any period of four consecutive fiscal quarters ending on the last day of each fiscal quarter to be less than 1.0 to 1.0, to be measured as of the last day of any each fiscal quarter (quarter, commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the fiscal quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterimmediately preceding the commencement of a Covenant Trigger Period.

Fixed Charge Coverage Ratio. The Company shall not permit its Permit the Fixed Charge Coverage Charges Ratio as determined as of at the last day of any fiscal quarter (commencing with the quarter ended June 30ending on or after March 31, 1996), 2001 to be less than 1.00 to 1, provided that if the Leverage Ratio as of the end of any such fiscal quarter is below 3.50 to 1, the requirements of this clause (ia) 1.40 shall not apply to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereaftersuch quarter.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its as of the end of each Fiscal Quarter, the Fixed Charge Coverage Ratio as Ratio, determined as for the period of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)four Fiscal Quarters then ending, to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of four consecutive fiscal quarters (or, if shorter, the period beginning on February 1, 1998 and ending on the last day of any a fiscal quarter (commencing with of the quarter Borrower ended June on or after April 30, 19961998), in each case taken as one accounting period, to be less than (i) 1.40 1.20 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall Borrowers will not permit its their Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with for the quarter ended June 30, 1996), four consecutive fiscal quarters ending on that date to be less than (i) 1.40 1.4 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as for any Test Period , determined as of the last day end of any each of its fiscal quarter (commencing with the quarter ended June quarters ending on or after September 30, 1996)2021, by reference to the quarterly financial statements delivered pursuant to Section 5.01(b) , to be less than 1.05 to 1.00. (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter.g)

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its Fixed Charge Coverage Ratio as determined permit, as of the last day of any the fiscal quarter (commencing with the quarter ended June March 30, 1996)2000, and for each fiscal quarter end thereafter, the Fixed Charge Coverage Ratio for the immediately preceding four (4) fiscal quarter period to be less than (i) 1.40 1.20 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company Borrowers shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (quarter, commencing with the fiscal quarter ended June 30ending March 31, 1996)2010, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.75:1.00.

Fixed Charge Coverage Ratio. The Company shall Loan Parties will not permit its the Fixed Charge Coverage Ratio as Ratio, determined as for any period of the last day of any four consecutive fiscal quarter (commencing with the quarter ended June 30, 1996), quarters to be less than (i) 1.40 1.10 to 1.00 through 1.0, for any such period ending on or after the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafterfirst day of the calendar month for which Availability is less than Cdn$30,000,000 on any 5 days during such month or for any period of 3 consecutive days during such month.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its as of the end of each fiscal quarter the Fixed Charge Coverage Ratio as Ratio, determined as for the period of the last day of any four consecutive fiscal quarter (commencing with the quarter ended June 30, 1996), quarters then ending to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing quarter, beginning with the fiscal quarter ended June ending September 30, 1996)1998, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.25 : 1.0.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of measured at the last day end of any four consecutive fiscal quarter (commencing with the quarter ended quarters, and being first measured on June 30, 1996)2007, to be less than (i) 1.40 1.30 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (commencing with the quarter ended ending June 30, 1996)2014, and as of the end of each quarter thereafter, to be less than (i) 1.40 1.15 to 1.00 through 1, in each case for the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafteron such date.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined Ratio, as of the last day of any fiscal quarter (each Fiscal Month commencing with the quarter ended June 30, 1996)2014, calculated for each Test Period ending on such date, to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Borrowers shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day Borrowers and their Subsidiaries on a consolidated basis, as at the end of any fiscal quarter (commencing with the quarter ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.15:1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its --------------------------- for the fiscal quarter ended March 31, 2001, and for each fiscal quarter end thereafter, the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996)Ratio, to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of four consecutive fiscal quarters (or, if shorter, the period beginning on January 1, 1997 and ending on the last day of any a fiscal quarter (commencing with of the quarter Borrower ended June 30after March 31, 19961997), in each case taken as one accounting period, to be less than (i) 1.40 1.20 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.0.

Fixed Charge Coverage Ratio. The Company Borrowers shall not permit its the Fixed Charge Coverage Ratio as determined for the fiscal quarter ending as of the last day of March 31, 2004, and for any fiscal quarter (commencing with the quarter ended June 30, 1996)ending thereafter, to be less than (i) 1.40 1.00 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company Credit Parties shall not permit its the Fixed Charge Charges Coverage Ratio as determined as for the period of twelve (12) consecutive Fiscal Periods ending on the last day of any fiscal quarter each Fiscal Quarter (commencing with the quarter ended June 30Fiscal Quarter ending January 1, 1996), 2018) to be less than (i) 1.40 1.10 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day end of any fiscal quarter (commencing with the quarter ended ending on or after June 30, 1996), 2003 and for the four fiscal quarters then ended to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.50:1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as for any period of the last day of any four consecutive fiscal quarter quarters ending (commencing with the quarter ended June 30a) after March 31, 1996)2009 but on or prior to January 3, 2010 to be less than (i) 1.40 1.25 to 1.00 through the quarter ending March 30, 1997 and (iib) 1.50 after January 3, 2010 to 1.00 thereafterbe less than 1.30 to 1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its Fixed Charge Coverage Ratio as determined of the last day of any Fiscal Quarter through and including the Fiscal Quarter ending May 2, 2015, to be less than 1.65 to 1.00, and shall not permit its Fixed Charge Coverage Ratio as of the last day of any fiscal quarter (commencing with the quarter ended June 30, 1996), Fiscal Quarter thereafter to be less than (i) 1.40 1.75 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing Fiscal Quarter, beginning with the quarter ended June 30Fiscal Quarter ending September 29, 1996)2013, to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.00:1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of (i) at the last day end of any fiscal quarter (commencing with the quarter ended June 30of Borrower ending prior to December 31, 1996)1999, to be less than (i) 1.40 .85 to 1.00 through the quarter ending March 301.0, 1997 and (ii) 1.50 at the end of any fiscal quarter of Borrower ending on or after December 31, 1999, to 1.00 thereafterbe less than 1.1 to 1.0.

Fixed Charge Coverage Ratio. The Company shall Borrowers will not permit its the Fixed Charge Coverage Ratio as determined to be less than 1.25 to 1.00 as of the last day of any fiscal quarter (for the twelve consecutive fiscal months ending on such date commencing with the quarter ended June 30on March 31, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter2024.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of (i) for the last day of any fiscal quarter (commencing with the quarter ended Fiscal Quarter ending June 30, 1996)2019, to be less than (i) 1.40 1.35 to 1.00 through the quarter ending March 301.00, 1997 and (ii) 1.50 for all Fiscal Quarters thereafter, to 1.00 thereafterbe less than 1.40 to 1.00.

Fixed Charge Coverage Ratio. The Company shall Borrower will not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any each fiscal quarter (commencing with of the quarter ended June 30, 1996), Borrower to be less than (i) 1.40 to 1.00 through the quarter 1.15:1.00 during any period ending March on or after November 30, 1997 and (ii) 1.50 to 1.00 thereafter2012.

Fixed Charge Coverage Ratio. The Company Beginning with the Fiscal Quarter ending June 30, 2017, the Borrower shall not permit its the Fixed Charge Coverage Ratio as determined as of the last day of any fiscal quarter (commencing with Fiscal Quarter for the quarter four Fiscal Quarters then ended June 30, 1996), to be less than (i) 1.40 to 1.00 through the quarter ending March 30, 1997 and (ii) 1.50 to 1.00 thereafter1.15:1.00.

Fixed Charge Coverage Ratio. The Company Borrower shall not permit its Fixed Charge Coverage Ratio as determined permit, as of the last day of any fiscal quarter (commencing with Fiscal Quarter, the quarter ended June 30, 1996), Fixed Charge Coverage Ratio of the Loan Parties on a consolidated basis for the twelve month period ending on such date to be less than (i) 1.40 1.20 to 1.00 through 1.00; provided, however, that with respect to the quarter Fiscal Quarter ending March 30on February 1, 1997 and (ii) 1.50 to 1.00 thereafter2003, the Fixed Charge Coverage Ratio shall be measured over the eleven month period ending on such date.