Common use of Minimum Fixed Charge Coverage Ratio Clause in Contracts

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end of each fiscal quarter thereafter through and including of the fiscal quarter ending December 31, 2020, in each case quarters occurring during the periods set forth below for the period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of ending with the end of each such fiscal quarter thereafterquarter, in each case all calculated for the four (4) fiscal quarters then ended.Borrower and its Subsidiaries on a consolidated basis, to be less than the following: Period Ratio First Amendment Effective Date through and including June 29, 2013 1.15 to 1.00 June 30, 2013 through and including September 28, 2013 1.20 to 1.00 September 29, 2013 and thereafter 1.25 to 1.00

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio of the Borrower Affiliated Group, determined as at the last day of any fiscal quarter for the twelve-month period then ended, to be less than (ia) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of for the end of each fiscal quarter thereafter period through and including the second fiscal quarter ending December 31of 2003, 2020the ratio of 1.5 to 1.0, in each case for the four (4) fiscal quarters then ended and (iib) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedratio of 1.75 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter, commencing on or about December 31, 2015, determined for the period of four (4) consecutive fiscal quarters ending on such date, to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended1.10:1.00.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower and its consolidated Subsidiaries will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including of the fiscal quarter ending December 31, 2020, in each case Borrower set forth below for the four (4) fiscal quarters then ended and to be less than the ratio of (iia) 1.20 1.10 to 1.00, calculated 1.00 as of March April 30, 2004, (b) 1.25 to 1.00 as of July 31, 20212020 and 2004, (c) 1.25 to 1.00 xx xx Xxxxxxx 00, 2004, (d) 1.50 to 1.00 as of the end of each fiscal quarter January 31, 2005 and thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter ratio set forth below for the periods specified below: Period Ratio ---------------------------------------------------------------------------------------- Restatement Effective Date through and including the fiscal quarter ending December 31, 20202003 2.75 to 1.00 January 1, in each case for the four (4) fiscal quarters then ended 2004 through and (ii) 1.20 including December 31, 2004 3.25 to 1.00 Thereafter 3.50 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end of each of its fiscal quarter thereafter through quarters ending on and including the fiscal quarter ending December 31after September 30, 20202005, in each case for the period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00ending, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedBorrower and its Subsidiaries on a consolidated basis, to be less than 2.0 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and Guarantors (which shall not permit include Interactive and Paradigm through and including September 30, 2003) shall have on a combined basis at the end of each Fiscal Quarter beginning with the Fiscal Quarter ending March 31, 2003, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 to 1.001.5:1.00, calculated as of JuneSeptember provided, however, that there shall be no minimum Fixed Charge Coverage Ratio requirement for the Fiscal Quarters ending September 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2003, December 31, 20202003, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 2004 and as of the end of each fiscal quarter thereafterJune 30, in each case for the four (4) fiscal quarters then ended2004.

Minimum Fixed Charge Coverage Ratio. The Loan Parties At any time when the Available Credit is less than or equal to $100,000,000, the Borrower shall not permit maintain a Fixed Charge Coverage Ratio, as determined as of the last day of each Fiscal Quarter set forth below, for the four Fiscal Quarters ending on the last day of such Fiscal Quarter, of at least the minimum ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ending Minimum Fixed Charge Coverage Ratio March 31, 2007 1.70 to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 1.00 June 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2007 1.75 to 1.00 September 30, 2007 1.75 to 1.00 December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 2007 1.80 to 1.00, calculated as of 1.00 March 31, 20212020 and as of the end of 2008 1.90 to 1.00 June 30, 2008 2.00 to 1.00 September 30, 2008 2.00 to 1.00 each fiscal quarter Fiscal Quarter thereafter, in each case for the four (4) fiscal quarters then ended.: 2.10 to 1.00

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including for the four fiscal quarter period ending on such date, commencing with the fiscal quarter ending December 31September 30, 20202014, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedbe less than 1.25 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (ia) 1.151.25 1.00 to 1.00, calculated as 1.00 for the period of JuneSeptember four consecutive fiscal quarters ending on April 30, 2017 and as or (b) 1.10 to 1.00 for any period of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of ending on the end last day of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit have at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember the following: Fiscal Quarter Ending Fixed Charge Coverage Ratio September 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2000 1.1:1 December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of 2000 1.1:1 March 31, 20212020 and as of the end of each fiscal quarter thereafter2001 1.1:1 June 30, in each case for the four (4) fiscal quarters then ended.2001 1.1:1 September 30, 2001 1.1:1 December 31, 2001 1.1:1 March 31, 2002 1.1:1 June 30, 2002 1.1:1 September 30, 2002 1.1:1

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter ratio specified below for the periods specified below: Period Ratio Restatement Effective Date through and including the fiscal quarter ending December 31, 20202003 2.75 to 1.00 January 1, in each case for the four (4) fiscal quarters then ended 2004 and (ii) 1.20 thereafter 3.75 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (ia) 1.151.25 1.0 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each 1 for any fiscal quarter thereafter ending during the period from the Agreement Date through and including the fiscal quarter ending December 31June 30, 2020, in each case for the four (4) fiscal quarters then ended 2001 and (iib) 1.20 1.25 to 1.00, calculated as of March 31, 20212020 and as of the end of each 1 for any fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the maintain a Fixed Charge Coverage Ratio to be of not less than (ia) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including 1.10:1.00 for the fiscal quarter ending December 31Mxxxx 00, 20200000, in each case (x) 1.10:1.00 for the four (4) fiscal quarters then ended quarter ending June 30, 2019, and (iic) 1.20 to 1.001.25:1.00 for the fiscal quarter ending September 30, calculated as of March 31, 20212020 2019 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Domestic Borrower and its Subsidiaries shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 than: 1.50 to 1.00, calculated as of JuneSeptember 1.0 for the fiscal quarter ending June 30, 2017 and as of 2009; 1.00 to 1.0 for the end of each fiscal quarter thereafter through and including ending September 30, 2009; 1.10 to 1.0 for the fiscal quarter ending December 31, 2020, in each case 2009; 1.15 to 1.0 for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of quarter ending March 31, 20212020 and as of 2010; 1.25 to 1.0 for the end of each fiscal quarter thereafterending June 30, in each case 2010; 1.35 to 1.0 for the four (4) fiscal quarters then endedquarter ending September 30, 2010; and 1.50 to 1.0 the fiscal quarter ending December 31, 2010 and thereafter.”

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Consolidated Subsidiaries shall not permit maintain a Fixed Charge Coverage Ratio, as determined as of the last day of each Fiscal Quarter set forth below, for the four Fiscal Quarters ending on such day, of at least the minimum ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ending Minimum Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 2013 2.50 to 1.00, calculated as of 1 March 31, 20212020 2014 3.10 to 1 June 30, 2014 3.60 to 1 September 30, 2014 4.00 to 1 December 31, 2014 2.50 to 1 March 31, 2015 2.00 to 1 June 30, 2015 1.60 to 1 September 30, 2015 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.thereafter 1.30 to 1

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (ia) 1.151.25 1.00 to 1.00, calculated as of JuneSeptember 1 for the fiscal quarters ending June 30, 2017 1999 and as of September 30, 1999 and (b) 1.25 to 1 at the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each any fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended."

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall As of the end of each fiscal quarter, commencing with the end of the fiscal quarter ending March 31, 2003, the Guarantor will not permit the Fixed Charge Coverage Ratio (as such term is defined in the Caraustar Credit Agreement) to be less than (i) 1.151.25 to 1.00than: Period Ratio fiscal quarter ending March 31, calculated as of JuneSeptember 2003 0.95:1.0 fiscal quarter ending June 30, 2017 and as of the end of each 2003 0.85:1.0 fiscal quarter thereafter through and including the ending September 30, 2003 0.85:1.0 fiscal quarter ending December 31, 2020, in each case for the four (4) 2003 1.05:1.0 fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of quarter ending March 31, 20212020 2004 and as of the end of each 1.50:1.0 fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio Ratio, for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter (commencing with the fiscal quarter ending June 30, 2016) to be less than (i) 1.151.25 2.50 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end of each of its fiscal quarter thereafter through and including the fiscal quarter quarters ending December before March 31, 2020, in each case 2008 for the period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00ending, calculated as for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.0 to 1.0, or for each of its fiscal quarters ending on and after March 31, 20212020 and as of the end of each fiscal quarter thereafter2008, in each case for the period of four (4) consecutive fiscal quarters then endedending, calculated for the Borrower and its Subsidiaries on a consolidated basis, to be less than 2.25 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than 1.50:1.00 (ia) 1.151.25 to 1.00for the period consisting of one Fiscal Quarter ending Mxxxx 00, calculated as 0000, (x) for the period consisting of JuneSeptember two consecutive Fiscal Quarters ending June 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 312014, 2020, in each case (c) for the four (4) fiscal quarters then ended period consisting of three consecutive Fiscal Quarters ending September 30, 2014 and (iib) 1.20 to 1.00, calculated as for each period consisting of March 31, 20212020 and as of the end of each fiscal quarter four consecutive Fiscal Quarters ending thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Subsidiaries shall not permit have on a consolidated basis at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember the following: Fiscal Quarter Ending Minimum Fixed Charge Coverage Ratio June 30, 2017 2006 and as of the end of for each fiscal quarter Fiscal Quarter ending thereafter through and including the fiscal quarter Fiscal Quarter ending March 31, 2009 1.20:1.00 June 30, 2009 1.10:1.00 September 30, 2009 1.00:1.00 December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of 2009 1.15:1.00 March 31, 20212020 2010 and as of the end of for each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.Fiscal Quarter ending thereafter 1.20:1.00”

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Subsidiaries shall not permit have on a consolidated basis at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember the following: Fiscal Quarter ending Minimum Fixed Charge Coverage Ratio September 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2003 0.65 December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of 2003 0.55 March 31, 20212020 2004 0.60 June 30, 2004 0.70 September 30, 2004 0.85 December 31, 2004 1.00 March 31, 2005 1.05 June 30, 2005 1.10 September 30, 2005 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.Fiscal Quarter ending thereafter 1.20

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end of each of its fiscal quarter thereafter through and including quarters (beginning with the fiscal quarter ending December 31June 30, 2020, in each case 2008) for the any period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of ending with the end of each such fiscal quarter thereafterquarter, in each case for the four (4) fiscal quarters then endedto be less than 1.75 to 1.00.

Minimum Fixed Charge Coverage Ratio. The Loan Parties At all times after Borrowers' Borrowing Availability first is below $20,000,000, Borrowers and their Subsidiaries shall not permit have on a consolidated basis at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio for the 12-month period then ended (or with respect to be the Fiscal Quarters ending on or before June 30, 2002, the period commencing on October 1, 2001, and ending on the last day of such Fiscal Quarter) of not less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.following:

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio calculated as of the last day of each fiscal quarter, to be less than 1.10 to 1.00 for the following periods: (i) 1.151.25 to 1.00, calculated as of JuneSeptember the 6-month period ending June 30, 2017 and as of 2022, (ii) the end of each fiscal quarter thereafter through and including 9-month period ending September 30, 2022, (iii) the fiscal quarter 12-month period ending December 31, 2020, in 2022 and continuing thereafter for each case for the four (4) subsequent fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedquarter.”

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end of each of its fiscal quarter thereafter through quarters ending on and including the fiscal quarter ending December after March 31, 20202008, in each case for the period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00ending, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedBorrower and its Subsidiaries on a consolidated basis, to be less than 2.25 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Consolidated Subsidiaries shall not permit the maintain a Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end last day of each fiscal quarter thereafter through and including Fiscal Quarter set forth below, for the fiscal quarter four Fiscal Quarters ending on such day, of at least the minimum ratio set forth below opposite such Fiscal Quarter: FISCAL QUARTER ENDING MINIMUM FIXED CHARGE COVERAGE RATIO December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 2013 2.50 to 1.00, calculated as of 1 March 31, 20212020 2014 3.10 to 1 June 30, 2014 3.60 to 1 September 30, 2014 4.00 to 1 December 31, 2014 2.50 to 1 March 31, 2015 2.00 to 1 June 30, 2015 1.60 to 1 September 30, 2015 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.thereafter 1.30 to 1

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio Ratio, as determined at the end of any fiscal quarter for the preceding four fiscal quarters (or, if less, the number of full fiscal quarters elapsed since the Initial Funding Date) to be less than (i) 1.151.25 the ratio set forth opposite the month in which such fiscal quarter ends: Quarter Ended Minimum Ratio January 1996 0.75 to 1.00 April 1996 1.00 to 1.00 July 1996 1.10 to 1.00 October 1996 1.15 to 1.00 January 1997 and thereafter 1.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 1.75 to 1.00, calculated as of JuneSeptember 30October 28, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31February 1, 2020, in each case and (ii) 1.501.25 to 1.00, calculated as of May 2, 2020 for the four (4) fiscal quarters then ended and (ii) 1.20 1.05 to 1.00, calculated as of March 31August 1, 20212020 2020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.. 7.2.14

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit permit, as of the last day of any Fiscal Quarter of the Borrower, the Fixed Charge Coverage Ratio of the Loan Parties, on a consolidated basis, for the most recent ended four (4) consecutive Fiscal Quarters to be less than than: (i) 1.151.25 1.85 to 1.001.00 beginning February 3, calculated as of JuneSeptember 302007, 2017 and as of the end last day of each fiscal quarter thereafter Fiscal Quarter thereafter, through and including the fiscal quarter Fiscal Quarter ending December October 31, 2020, in each case for the four (4) fiscal quarters then ended 2009; and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.)

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (ia) 1.151.25 0.90 to 1.00, calculated as of JuneSeptember 30, 2017 and as of 1.00 at the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31third Fiscal Quarter of Fiscal Year 2002, 2020, in each case for the four (4b) fiscal quarters then ended and (ii) 1.20 0.80 to 1.00, calculated as of March 31, 20212020 and as of 1.00 at the end of each fiscal quarter the fourth Fiscal Quarter of Fiscal Year 2002, (c) 0.75 to 1.00 at the end of the first Fiscal Quarter of Fiscal Year 2003, (d) 0.70 to 1.00 at the end of the second Fiscal Quarter of Fiscal Year 2003 and (e) 1.00 to 1.00 at the end of any Fiscal Quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio (the "Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio"), calculated as of JuneSeptember 30, 2017 and determined as of the end of each of its fiscal quarter thereafter through quarters ending on and including the fiscal quarter ending December 31after June 30, 2020, in each case 2005 for the four (4) period of 4 consecutive fiscal quarters then ended and ending with the end of such fiscal quarter, of (i) Consolidated EBITDAR to (ii) 1.20 to 1.00Consolidated Fixed Charges, all calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedBorrower and its Subsidiaries on a consolidated basis, to be less than 1.75 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end of each fiscal quarter thereafter through and including of the fiscal quarter ending December 31, 2020, in each case quarters occurring during the periods set forth below for the period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of ending with the end of each such fiscal quarter thereafterquarter, in each case all calculated for the four (4) fiscal quarters then ended.Borrower and its Subsidiaries on a consolidated basis, to be less than the following: Period Ratio Effective Date through and including June 29, 2013 1.04 to 1.00 June 30, 2013 through and including September 28, 2013 1.08 to 1.00 September 29, 2013 and thereafter 1.13 to 1.00

Minimum Fixed Charge Coverage Ratio. The Loan Parties (1) Borrower shall not permit the Borrower Fixed Charge Coverage Ratio for each Fiscal Quarter during the term of the Term Loan to be less than (i) 1.151.25 1.00 to 1.00, calculated as of JuneSeptember 30, 2017 and measured as of the end last day of the trailing twelve (12) month period. Such ratio shall be tested on or before the forty-fifth (45th) day after the last day of each fiscal quarter thereafter through and including Fiscal Quarter, using the fiscal quarter ending December 31, 2020, information contained in each case for the four (4Compliance Certificate most recently delivered to Lender pursuant to the requirements of Section 8.1(b) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedhereof.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrowers shall not permit the maintain a Fixed Charge Coverage Ratio to be of not less than (i) 1.151.25 the ratio set forth below for the period corresponding thereto: Period Ratio ------ ----- 1st Fiscal Quarter of 2001 .95 to 1.001 1st two Fiscal Quarters of 2001 .85 to 1 1st three Fiscal Quarters of 2001 .90 to 1 Fiscal Year 2001 1.0 to 1 On a four Fiscal Quarter rolling basis, calculated as of JuneSeptember 30, 2017 and as of 1.0 to 1 tested at the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.Fiscal Quarter after Fiscal Year 2001

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit Permit the Fixed Charge Coverage Ratio at the end of any fiscal quarter during the period set forth below to be less than (i) 1.151.25 the ratio set forth opposite such period below: Period Ratio First Amendment Effective Date through November 29, 2010 2.00 to 1.00, calculated as of JuneSeptember 1.00 November 30, 2017 2010 through November 29, 2011 2.25 to 1.00 November 30, 2011 and as thereafter 2.50 to 1.00 8. Annex A of the end of each fiscal quarter thereafter through Credit Agreement amended by deleting it in its entirety and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedreplacing it Annex A attached.

Minimum Fixed Charge Coverage Ratio. The Loan Parties At the end of each fiscal quarter occurring during the periods indicated below, the Borrower shall not permit the Fixed Charge Coverage Ratio (as calculated on the last Business Day of each such fiscal quarter) to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each ratio set forth below opposite the period in which such fiscal quarter thereafter through occurs: From and including the fiscal quarter ending December Agreement Date to and including October 31, 20201999 1.50 to 1 From and including November 1, in each case for the four (4) fiscal quarters then ended 1999 and (ii) 1.20 thereafter 1.25 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.1

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than 1.50:1.00 (ia) 1.151.25 to 1.00for the period consisting of one Fiscal Quarter ending Xxxxx 00, calculated as 0000, (x) for the period consisting of JuneSeptember two consecutive Fiscal Quarters ending June 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 312014, 2020, in each case (c) for the four (4) fiscal quarters then ended period consisting of three consecutive Fiscal Quarters ending September 30, 2014 and (iib) 1.20 to 1.00, calculated as for each period consisting of March 31, 20212020 and as of the end of each fiscal quarter four consecutive Fiscal Quarters ending thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit permit, for the fiscal quarter ending March 31, 2001, the two consecutive fiscal quarters ending June 30, 2001, the three consecutive fiscal quarters ending September 30, 2001 and each period of four consecutive fiscal quarters ending thereafter, the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended1.10:1.00.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit Permit the Fixed Charge Coverage Ratio Ratio, determined as of the last day of any fiscal quarter of Borrower (measured on a rolling four quarter basis for the trailing four fiscal quarters), to be less than (i1) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including for the fiscal quarter ending December on March 31, 20202007 1.30 to 1.00, in (2) for each case for fiscal quarter beginning with the four (4) fiscal quarters then ended quarter ending on June 30, 2007 and (ii) ending on or prior to March 31, 2008, 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of (3) for each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended1.50 to 1.00.”

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit At all times from September 30, 2006, to and including May 26, 2007, as of the last day of each fiscal month of the Borrower set forth below, the Borrower will maintain a Fixed Charge Coverage Ratio for the period commencing July 29, 2006 to be the date of determination for each period (“Calculation Period”) of not less than (i) 1.151.25 to 1.00, calculated as the ratio set forth opposite of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedsuch period below.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio Ratio, to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter ratio set forth below for the periods specified below: Period Ratio Restatement Effective Date through and including the fiscal quarter ending December 31, 20202002 2.75 to 1.00 January 1, in each case for the four (4) fiscal quarters then ended 2003 through and (ii) 1.20 including December 31, 2003 3.25 to 1.00 January 1, 2004 and thereafter 4.00 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (ia) 1.151.25 1.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of 1.00 at the end of each any fiscal quarter thereafter through ending on (and including including) or prior to June 30, 1998, (b) 1.50 to 1.00 at the end of the fiscal quarter ending December 31September 30, 2020, in each case for the four (4) fiscal quarters then ended 1998 and (iic) 1.20 1.75 to 1.00, calculated as of March 31, 20212020 and as of 1.00 at the end of each any fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended."

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit Permit, as of the last day of any fiscal quarter during any period set forth below, Borrower's Fixed Charge Coverage Ratio for the three consecutive months ending with such quarter end, to be less than (i) 1.151.25 to 1.00the ratio set forth opposite such period below: Period Fixed Charge Coverage Ratio ------ --------------------------- April 1, calculated as of JuneSeptember 1999 through June 30, 2017 and as of the end of each fiscal quarter thereafter 1999 0.80 to 1.0 July 1, 1999 through and including the fiscal quarter ending September 30, 1999 1.10 to 1.0 October 1, 1999 through December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 1999 1.15 to 1.00, calculated as of 1.0 March 31, 20212020 2000 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.thereafter 1.25 to 1.0

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Subsidiaries shall not permit have on a consolidated basis at the end of each Fiscal Month set forth below, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 the following: Fiscal Month Ending Fixed Charge Coverage Ratio July 31, 2008 0.33 to 1.001.0 August 31, calculated as of JuneSeptember 2008 0.26 to 1.0 September 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 2008 0.24 to 1.0 October 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 2008 0.23 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.1.0

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 1.10 to 1.00, calculated as of JuneSeptember 30March 31, 2017 2013 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31June 30, 20202014, in each case for the four (4) fiscal quarters then ended ended, and (ii) 1.20 to 1.00, calculated as of March 31September 30, 20212020 2014 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Subsidiaries shall not permit have on a consolidated basis at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember the following: Fiscal Quarter ending Minimum Fixed Charge Coverage Ratio September 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2003 0.65 December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of 2003 0.55 March 31, 20212020 2004 0.60 June 30, 2004 0.55 September 30, 2004 0.85 December 31, 2004 1.00 March 31, 2005 1.05 June 30, 2005 1.10 September 30, 2005 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.Fiscal Quarter ending thereafter 1.20

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower, as of the close of any fiscal quarter of the Borrower, will not permit the its Fixed Charge Coverage Ratio ratio to be less than (i) 1.151.25 1.0 to 1.00, calculated as 1 for each of JuneSeptember the Borrower's fiscal quarters ended September 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 1998, December 31, 20201998, in each case for the four (4) fiscal quarters then ended March 31, 1999 and June 30, 1999, and (ii) 1.20 1.25 to 1.00, calculated as of March 31, 20212020 and as of the end of 1 for each fiscal quarter of the Borrower thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Subsidiaries shall not permit have on a consolidated basis, at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio to be for the 12-month period then ended of not less than (i) 1.151.25 the following: MINIMUM FIXED CHARGE PERIOD COVERAGE RATIO -------------- -------------------- March 31, 2001 0.75 to 1.00, calculated as of JuneSeptember 1.00 June 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2001 0.75 to 1.00 September 30, 2001 0.75 to 1.00 December 31, 2020, in 2001 and for each case for the four (4) fiscal quarters then ended and (ii) 1.20 Fiscal Quarter ending 1.25 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter 1.00 thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and determined as of the end last day of each fiscal quarter thereafter through and including of the fiscal quarter ending December 31, 2020, in each case Borrower set forth below for the four twelve month period ending on such date (4) or if the period from January 1, 1997 to such date is less than twelve months, such shorter period), shall not be less than the minimum ratio set forth opposite such fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.quarter: Fiscal Quarter Minimum Ratio

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including quarter, commencing with the fiscal quarter ending December 31June 30, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter2012, in each case for the four (4) fiscal quarters then ended, to be less than 1.25 to 1.0; provided, however, the ratio required to be maintained for any three (3) fiscal quarters, following the execution of the DOJ/EPA Agreements (which Borrower and Administrative Agent expect to occur by December 31, 2012), may be not be less than 1.15 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the ratio (the "Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio"), calculated as of JuneSeptember 30, 2017 and determined as of the end of each of its fiscal quarter thereafter through quarters ending on and including the fiscal quarter ending after December 31, 2020, in each case 2004 for the four (4) period of 4 consecutive fiscal quarters then ended and ending with the end of such fiscal quarter, of (i) Consolidated EBITDAR to (ii) 1.20 to 1.00Consolidated Fixed Charges, all calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedBorrower and its Subsidiaries on a consolidated basis, to be less than 2.0 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Borrowers shall, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including quarter, beginning with the fiscal quarter ending December October 31, 20202013, in each case maintain a Fixed Charge Coverage Ratio for the four (4) fiscal quarters then ended and (ii) 1.20 of not less than the 1.25 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.”

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including quarter, commencing with the fiscal quarter ending December 31, 20202012, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters period most recently then ended, to be less than 1.15 to 1.0.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit the maintain a Fixed Charge Coverage Ratio, determined on the last day of each Fiscal Quarter set forth below for the four Fiscal Quarters ending on such date, of at least the minimum ratio set forth below opposite such Fiscal Quarter: Minimum Fixed Fiscal Quarter Charge Ratio -------------- ------------ March 31, 2008 1.15 to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 1 June 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter ending 2008 1.15 to 1 September 30, 2008 1.20 to 1 December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 2008 1.20 to 1.00, calculated as of 1 March 31, 20212020 and as of the end of each fiscal quarter thereafter2009 1.20 to 1 June 30, in each case for the four (4) fiscal quarters then ended.2009 1.20 to 1 September 30, 2009 1.25 to 1

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower and its Subsidiaries will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through and including of the fiscal quarter ending December 31, 2020, in each case Borrower during the periods set forth below for the four (4) fiscal quarters then ended and to be less than the ratio of (iia) 1.20 1.35 to 1.00, calculated as of March from and including October 31, 20212020 2008 through and as of the end of each fiscal quarter including April 30, 2009 and (b) 1.50 to 1.00 from and including July 31, 2009 and thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall not permit the Borrowers' Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of at the end of each fiscal quarter thereafter through Fiscal Quarter shall not be less than the following: Period Ratio From the First Closing Date until September30, 2008 1.05 to 1.00 From and including the fiscal quarter ending December 31after September 30, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 2008 1.10 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Commencing with the fiscal quarter ending March 31, 2007 and continuing each fiscal quarter thereafter, the Loan Parties shall not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as of JuneSeptember 30, 2017 and as of the end of each said fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended., to be less than the minimum ratio specified below during the period specified below: Period Minimum Ratio March 31, 2007 1.25 to 1.0 June 30, 2007 and thereafter 1.40 to 1.0"

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower and its consolidated Subsidiaries will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of the end of each fiscal quarter thereafter through identified below and including the fiscal quarter ending December 31, 2020, in each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March be less than the ratio set forth below for the applicable fiscal quarter end": FISCAL QUARTER ENDED MINIMUM RATIO -------------------- ------------- July 31, 20212020 2000, October 31, 2000 and as of the end of 1.10 to 1.00 January 31, 2001 April 30, 2001 and each fiscal quarter 1.00 to 1.00 end thereafter, in each case for the four (4) fiscal quarters then ended.

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower and its Subsidiaries shall not permit have on a consolidated basis at the end of each Fiscal Quarter set forth below, a Fixed Charge Coverage Ratio to be for the period ending on the last day of such Fiscal Quarter of not less than (i) 1.151.25 to 1.00the following: Period Ratio three-month period ending March 31, calculated as of JuneSeptember 2007 1.2:1.0 six-month period ending June 30, 2017 and as of the end of each fiscal quarter thereafter through and including the fiscal quarter 2007 1.2:1.0 nine-month period ending September 30, 2007 1.2:1.0 twelve-month period ending December 31, 2020, in 2007 1.2:1.0 Each twelve-month period ending each case for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then ended.Fiscal Quarter thereafter 1.2:1.0

Minimum Fixed Charge Coverage Ratio. The Loan Parties Borrower shall not permit maintain, as of the last day of each of the periods set forth below, a Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00, calculated as of JuneSeptember 30, 2017 and as of at least the end of each fiscal quarter thereafter through and including the fiscal quarter ending December 31, 2020, in each case ratio set forth below for the four (4) fiscal quarters then ended and (ii) 1.20 to 1.00, calculated as of corresponding period set forth below: Period Ratio For the six months ending March 31, 20212020 2015 1.00 to 1.00 For the nine months ending June 30, 2015 1.00 to 1.00 For the twelve months ending September 30, 2015 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters twelve months then ended.ending for each quarter end thereafter 1.00 to 1.00

Minimum Fixed Charge Coverage Ratio. The Loan Parties shall Borrower will not permit the Fixed Charge Coverage Ratio to be less than (i) 1.151.25 to 1.00Ratio, calculated as for the Borrower and its Subsidiaries on a consolidated basis, determined for the period of JuneSeptember 30, 2017 and four (4) consecutive fiscal quarters then ending as of the end of each of its fiscal quarter thereafter through quarters ending on and including the fiscal quarter ending December after March 31, 20202008, in each case to be less than 2.25 to 1.0; provided that for the period of four (4) consecutive fiscal quarters then ended and (ii) 1.20 ending on October 3, 2008, the Borrower will not permit the Fixed Charge Coverage Ratio, to 1.00, calculated as of March 31, 20212020 and as of the end of each fiscal quarter thereafter, in each case for the four (4) fiscal quarters then endedbe less than 1.75 to 1.0.”