Example ContractsClausesFixed Charge Coverage Ratio
Fixed Charge Coverage Ratio
Fixed Charge Coverage Ratio contract clause examples

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.

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 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.

Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage Ratio as of the last day of any fiscal quarter of the Borrower (commencing with the fiscal quarter ending September 30, 2020) to be less than 1.05 to 1.00.

Fixed Charge Coverage Ratio. As of the last day of a Fiscal Quarter, permit the Fixed Charge Coverage Ratio of Ultimate Parent and its Subsidiaries for the trailing twelve month period then ending, to be less than the ratio set forth opposite such date:

Fixed Charge Coverage Ratio. During any Covenant Testing Trigger Period, the Borrowers will not permit the Fixed Charge Coverage Ratio to be less than 1.0 to 1.0 when measured, on a trailing twelve month basis, as of the last day of: # the last fiscal month immediately preceding the occurrence of such Covenant Testing Trigger Period for which financial statements have been (or should have been) delivered to the Administrative Agent pursuant to [clause (a), (b) or (c) of Section 5.01], and # each fiscal month for which financial statements have been (or should have been) delivered to the Administrative Agent pursuant to [clause (a), (b) or (c) of Section 5.01] during such Covenant Testing Trigger Period.

Fixed Charge Coverage Ratio. Measured as of the end of each fiscal quarter for the four (4) fiscal quarter period then-ended, a Fixed Charge Coverage Ratio of at least 1.1 to 1.0.

Fixed Charge Coverage Ratio. Beginning with the Fiscal Quarter ending March 31, 2021, as of the last day of each Fiscal Quarter, the Borrower shall not permit the Fixed Charge Coverage Ratio for the trailing period of twelve (12) Fiscal Months then ended to be less than the applicable ratio set forth below opposite such period:

Fixed Charge Coverage Ratio. Permit, for any Test Period, the ratio of Total Adjusted EBITDA for such period to Total Debt Service for such period to be less than 1.50 to 1.00. Solely for the purpose of calculating the ratio in this clause (f), Total Adjusted EBITDA # shall include cash flow distributions (other than distributions in respect of capital transactions) from Unconsolidated Entities (“Unconsolidated Entity Operating Cash Flow”), and # shall be increased by the amounts excluded pursuant to clauses (iv), (v) and (vi) of the definition of the term “Total Adjusted EBITDA”.

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