Fixed Charge Coverage. Section 14 of the Loan Agreement is hereby amended by deleting Section 14 in its entirety and substituting therefor the following:
Fixed Charge Coverage. If a Covenant Trigger Period is in effect, the not permit the Fixed Charge Coverage Ratio, as of the last day of # the Test Period ending immediately preceding the commencement of the Covenant Trigger Period, and # each fiscal quarter ending during such Covenant Trigger Period, in each case, for which financial statements are required to be delivered (or are actually delivered, if earlier) prior to such date and for the four consecutive fiscal quarter period ending on such date, to be less than 1.00 to 1.00.
Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage Ratio of the Parent and its Subsidiaries for any period of 12 consecutive fiscal months of the Parent and its Subsidiaries for which the last month ends on the last day of each fiscal quarter to be less than # 0.80.65:1.00 for each fiscal quarter beginning with the fiscal quarter ending December 31, 2019 through the fiscal quarter ending March 31, 2020, # 0.950.63:1.00 for the fiscal quarter ending June 30, 2020, # 1.000.61:1.00 for the fiscal quarter ending September 30, 2020, and # 1.05:1.00 0.70:1.00 for the fiscal quarter ending December 31, 2020, # 0.75:1.00 for the fiscal quarter ending March 31, 2021, # 0.82:1.00 for the fiscal quarter ending June 30, 2021, # 0.81:1.00 for the fiscal quarter ending September 30, 2021, and # 1.00:1.00 for each fiscal quarter beginning with the fiscal quarter ending December 31, 20202021 and for each fiscal quarter thereafter.
Loan Parties shall not permit the Consolidated Fixed Charge Coverage Ratio, tested as of the last day of each Fiscal Quarter, to be less than # 1.10 to 1.00 for any Fiscal Quarter from the Fiscal Quarter ending March 31, 2020, through and including the Fiscal Quarter ending March 31, 2021, or # 1.15 to 1.00 for any Fiscal Quarter from and after the Fiscal Quarter ending June 30, 2021.
Fixed Charge Coverage Ratio. 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 fiscal quarter, to be less than 1.15 to 1.00.
Fixed Charge Coverage Ratio. The Fixed Charge Coverage Ratio, as of the end of each fiscal quarter of the Combined Parties, shall be greater than or equal to 1.5 to 1.0.
. The Fixed Charge Coverage Ratio determined for the most recently ended twelve (12) consecutive fiscal months of the Specified EBITDA Entities for which Agent has received financial statements shall be not less than 1.00 to 1.00 at all times, provided, that, the Loan Parties shall only be required to comply with the terms of this Section 7.1 during a Compliance Period, in which case such financial covenant shall be tested as of the last day of the then most recently ended fiscal quarter for which financial statements have been delivered and for each quarter end thereafter until the Compliance Period ends.
Fixed Charge Coverage Ratio. During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated for the most recent Measurement Period commencing with the last day of the Fiscal Month most recently ended prior to the occurrence of the Covenant Compliance Event, to be less than 1.00:1.00.
Fixed Charge Coverage Ratio. Lender hereby waives the requirements of [Section 5.01] of the Master Agreement solely for the period ending on September 30, 2019, and further waives any Default or Event of Default that would otherwise result solely from Borrower’s failure to satisfy the Fixed Charge Coverage Ratio covenant for such period. The Fixed Charge Coverage Ratio covenant for all periods thereafter is not waived and remains in full force and effect.
Minimum Fixed Charge Coverage Ratio. Permit the ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges to be less than 1.50:1.00 as of the last day of each fiscal quarter of the Borrower for the period of four full fiscal quarters then ended to be less than # for the period ending on the last day of the fiscal quarter immediately preceding the fiscal quarter during which the Covenant Waiver Period Termination Date occurs (i.e., [[Unknown Identifier]] if no early election), 1.05 to 1.00, # for the period ending on the last day of the fiscal quarter during which the Covenant Waiver Period Termination Date occurs (i.e., [[Unknown Identifier]] if no early election), 1.25:1.00, and # for each period thereafter, 1.50:1.00.
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