Minimum Fixed Charge Coverage Ratio definition

Minimum Fixed Charge Coverage Ratio means, for any Calculation Period, the ratio of (a) Adjusted Consolidated EBITDA, to (b) Consolidated Fixed Charges, in each case for such Calculation Period.

Minimum Fixed Charge Coverage Ratio means the sum of EBITDA and rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and the Operating Lease, for a given period, divided by the sum of (A) interest expense (which shall not include interest on the Subordinated Debt which is deferred and not paid), (B) rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and Operating Lease, (C) principal payments on the Subordinated Debt, the Bonds and any other permitted debt, and (D) Unfunded Capital Expenditures in the amounts disclosed by Borrower in its financial statements, for such period.

Minimum Fixed Charge Coverage Ratio means, as of the close of any Fiscal Quarter, commencing with the close of the Fiscal Quarter in which the Conversion Date occurs, the ratio computed for the period consisting of such Fiscal Quarter (or such shorter period of any Fiscal Quarter after the occurrence therein of the Conversion Date and each of the three immediately prior Fiscal Quarters (or such lesser number of Fiscal Quarters to have closed since the Conversion Date) of:

Examples of Minimum Fixed Charge Coverage Ratio in a sentence

• Minimum Fixed Charge Coverage Ratio is measured as EBITDA(2) less the sum of : (i) capital expenditures, (ii) taxes paid, (iii) dividends and distributions, (iv) water treatment and reclamation payments and (v) water treatment trust funding, divided by the sum of (a) interest expense paid in cash plus (b) scheduled principal payments on indebtedness.

• Borrower has notified Administrative Agent that Borrower has violated Section 11.11.1. (Minimum Fixed Charge Coverage Ratio) for the Computation Period ending June 30, 2005, which constitutes an Event of Default under Section 13.1.5 (the “Subject Financial Covenant Default”).

• Specifically, the Consolidated Net Worth, Minimum Fixed Charge Coverage Ratio and Maximum Leverage Ratio covenants were eliminated, in lieu of new one-month and two-month minimum Consolidated EBITDA requirements and a $2.25 million capital expenditures limitation for any fiscal year.

• Such other information (including non-financial information) as the Administrative Agent, the LC Bank or any Lender may from time to time reasonably request; provided, however, that at any time that no Minimum Fixed Charge Coverage Ratio Period or Event of Default has occurred and is continuing, the Administrative Agent will not request an Interim Report be furnished with respect to the Pool Receivables.

• Section 8.2.17 of the Credit Agreement is hereby deleted in its entirety and in its stead is inserted the following:8.2.17 Minimum Fixed Charge Coverage Ratio.

More Definitions of Minimum Fixed Charge Coverage Ratio

Minimum Fixed Charge Coverage Ratio is defined as Borrowers EBITDA plus rent and operating lease payments, less cash taxes paid, distributions, dividends and capital expenditures (other than Capital Expenditures financed with the proceeds of purchase money Indebtedness or Capital Leases to the extent permitted hereunder) and other extraordinary income for the twelve month period then ending, to: (b) the consolidated sum of: (i) Borrowers interest expense; and (ii) all principal payments with respect to Indebtedness, including capital leases and subordinated debt, that were paid or were due and payable by Borrowers during the period, plus rent and operating lease expense incurred in the same such period.

Minimum Fixed Charge Coverage Ratio is hereby deleted in its entirety and replaced as follows:

Minimum Fixed Charge Coverage Ratio means the ratio of: (1) EBITDA (as defined above) for the Four Quarter Period (as defined above), minus capital expenditures (excluding capitalized expenses) not funded by debt for the Four Quarter Period, minus stock repurchases for the Four Quarter Period, minus equity retirements and dividends declared during the Four Quarter Period; to (2) interest expense for the Four Quarter Period, plus the sum of all scheduled principal payments made in respect of the long term debt for the Four Quarter Period.

Minimum Fixed Charge Coverage Ratio means: EBITDAL ------- Interest Expense* + PPLTD + Rent/Lease Expenses + Maintenance Capital Expenditures (*"Interest Expense" excludes any accrued but not paid Subordinated Debt interest.)

Minimum Fixed Charge Coverage Ratio means the ratio of Adjusted EBITDA to Fixed Charges.

Minimum Fixed Charge Coverage Ratio means the sum of EBITDA and rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and the Operating Lease, for a given period, divided by the sum of (1) interest expense (which shall not include interest on the Subordinated Debt which is deferred and not paid), (2) rent (lease) expense, including without limitation rent payments in connection with the Sale/Leaseback and Operating Lease, (3) principal payments on the Subordinated Debt, the Bonds, and any other permitted debt, and (4) Unfunded Capital Expenditures in the amounts disclosed by Lessee in its financial statements, for such period.

Minimum Fixed Charge Coverage Ratio means 1.0:1.0.