Fixed Charge Component definition

Fixed Charge Component has the meaning assigned to that term in subsection 7.6E(i).
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Fixed Charge Component means, with respect to any period of time, the following for the Borrower as determined in accordance with GAAP, each calculated for such period of time: the sum of (i) cash interest expense, net of cash interest income, (ii) cash income tax expense, (iii) the aggregate amount of Capital Expenditures made by the Borrower during such period (other than Capital Expenditures financed by the Borrower), (iv) the aggregate amount of all cash payments of principal on Debt made by the Borrower during such period (other than (x) under any of the Loan Documents, the Original Credit Agreement and other Credit Documents (as defined in the Original Credit Agreement), (y) with respect to any of the Senior Secured Notes, the Senior Subordinated Notes or the Xxxxx Senior Subordinated Notes or (z) under the Existing Xxxxx Credit Facility), (v) the aggregate amount of all cash payments of principal on the Term Loans made by the Borrower during such period (other than (x) the payment of $5,809,091.09 made on the Term Loans (as defined in the Existing Loan and Security Agreement) in July 2001 concurrently with the increase by such amount of the term loan under the Lily Credit Facility, (y) any payment made with proceeds of the Senior Replacement Notes contemplated to be issued by the Borrower as provided in clause (iii) of the first sentence of Section 9.14 and (z) any principal payment made pursuant to Section 9.13(k)) and (vi) the aggregate amount of payments made by the Borrower during such period pursuant to Section 9.10(L).
Sample 1
Fixed Charge Component means, with respect to any period of time, the following for the Borrower as determined in accordance with GAAP, each calculated for such period of time: the sum of (i) cash interest expense, net of cash interest income, (ii) cash income tax expense, (iii) the aggregate amount of Capital Expenditures made by the Borrower during such period (other than Capital Expenditures financed by the Borrower), (iv) the aggregate amount of all cash payments of principal on Debt made by the Borrower during such period (other than (x) under any of the Loan Documents, the Original Credit Agreement and other Credit Documents (as defined in the Original Credit Agreement) or (y) with respect to the Senior Secured Notes), (v) the aggregate amount of all cash payments of principal on the Term Loans made by the Borrower during such period and (vi) operating lease expense in excess of $20,000,000 (for any period of time which is less than a four consecutive fiscal quarter period, such amount shall be prorated for such shorter period).
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Examples of Fixed Charge Component in a sentence

  • Fixed Charge Component" in Section 1.1 of the Loan and Security Agreement is amended by adding the words ", the Senior Exchange Notes" immediately before the words "or the Fonda Senior Subordinated Notes" xx xlause (y) of the parenthetical contained in clause (iv) of such definition.


More Definitions of Fixed Charge Component

Fixed Charge Component in Section 1.1 of the Loan and Security Agreement is amended by adding the words ", the Senior Exchange Notes" immediately before the words "or the Fonda Senior Subordinated Notes" xx xlause (y) of the parenthetical contained in clause (iv) of such definition.
Sample 1
Fixed Charge Component in Section 1.1 of the Loan and Security Agreement is amended by adding the clause ", for the calculation of the Fixed Charge Coverage Ratio for Test Periods ending on or before March 31, 1998," immediately before the phrase "Capital Expenditures paid for by the Borrower with cash proceeds from the sale of assets" in clause (iii) thereof.
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Fixed Charge Component in Section 1.1 of the Loan and Security Agreement is amended by adding the words "any payment made with proceeds of Junior Subordinated Debt or" to the beginning of clause (y) of the parenthetical contained in clause (v) of such definition immediately before the words "any payment made with proceeds".
Sample 1
Fixed Charge Component means, with respect to any period of time, the following for the Borrower as determined in accordance with GAAP, each calculated for such period of time: the sum of (i) cash interest expense, net of cash interest income, (ii) cash income tax expense, (iii) the aggregate amount of Capital Expenditures made by the Borrower during such period (other than Capital Expenditures financed by the Borrower and Capital Expenditures paid for by the Borrower with cash proceeds from the sale of assets (other than Credit Agreement Collateral) of the Borrower) and (iv) the aggregate amount of all cash payments of principal on Debt made by the Borrower during such period (other than under any of the Loan Documents, the Existing Credit Agreement and other Credit Documents (as defined in the Existing Credit Agreement)).
Sample 1

Related to Fixed Charge Component

  • Fixed Charge Coverage means, for any period, Operating Cash Flow divided by Fixed Charges.

  • Fixed Charge Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Consolidated EBITDA, divided by (b) Consolidated Fixed Charges.

  • Fixed Charge Coverage Ratio means with respect to any specified Person for any period, the ratio of the Consolidated EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect (in accordance with Regulation S-X under the Securities Act) to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the applicable four-quarter reference period. In addition, for purposes of calculating the Fixed Charge Coverage Ratio:

  • Consolidated Fixed Charge Ratio means, with respect to the Borrowers for the period of computation thereof, the ratio of (i) Consolidated EBITDA for such period plus Consolidated Lease Expense for such period, to (ii) Consolidated Fixed Charges for such period;

  • Consolidated Fixed Charge Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to (b) Consolidated Fixed Charges, in each case, for the most recently completed four (4) fiscal quarters.

  • Fixed Charges means, with respect to any specified Person for any period, the sum, without duplication, of:

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Consolidated Senior Secured Net Leverage Ratio means as of any date of determination the ratio, on a Pro Forma Basis, of (a) Consolidated Senior Secured Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • Class C Component The Component having such designation.

  • Net earnings available for fixed charges means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation, and depletion, but excluding extraordinary expenses appearing in the regular financial statements of the system.

  • Consolidated Fixed Charges means, with respect to any Person for any period, the sum, without duplication, of:

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Senior Secured Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Secured Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Consolidated Senior Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Senior Secured Indebtedness on such date to (b) the sum, without duplication, of (i) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date plus (ii) the amount of Specified Non-Recurring Charges taken during the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Secured Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Interest Component Each future interest payment, or portion thereof, due on or prior to the Maturity Date, or if the Debt Security is subject to redemption or repayment prior to the Maturity Date, the first date on which such Debt Security is subject to redemption or repayment.

  • Secured Net Leverage Ratio means, on any date, the ratio of (a) Consolidated Secured Net Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.

  • Consolidated Income Available for Fixed Charges means, with respect to any period, Consolidated Net Income for such period plus all amounts deducted in the computation thereof on account of (a) Fixed Charges and (b) taxes imposed on or measured by income or excess profits.

  • Fixed Charge means any rentcharge as defined by the [Finance (1909-10) Act, 1910], and any burden or charge (other than rates or taxes) arising by operation of law or imposed by any Act [ ], or imposed in pursuance of the exercise of any powers or the performance of any duties under any such Act, otherwise than by a person interested in the land or in consideration of any advance to any person interested in the land. “rentcharge” means tithe or tithe rentcharge, or other periodical payment or rendering in lieu of or in the nature of tithe, or any fee farm rent, rent seck, quit rent, chief rent, rent of assize, or any other perpetual rent or annuity granted out of land.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.