Example ContractsClausesfixed charge coverageVariants
Remove:

Fixed Charge Coverage Ratio” means, with respect to any fiscal period and with respect to Parent and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP, the ratio of # the sum of # EBITDA for such period, minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for such period.

"Fixed Charge Coverage Ratio”Ratio" means, with respect to any fiscal period and with respect to Parent and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP,for any period, the ratio of # the sum of # EBITDA for such period,period minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for such period.

“Fixed Charge Coverage Ratio”Ratio” means, with respect to any fiscal period and with respect to ParentBorrowers and its Restrictedeach of their Subsidiaries determined on a consolidated basis in accordance with GAAP, the ratio of # the sum of # EBITDA for such period,period minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for such period.

Consolidated Fixed Charge Coverage Ratio” means, with respectat any date of determination, the ratio of (a) (i) Consolidated EBITDA for the most recent period of four consecutive fiscal quarters for which Required Financial Statements have been delivered, calculated on a Pro Forma Basis, minus # Unfinanced Capital Expenditures made in such period minus # the aggregate amount of Federal, state, local and foreign income taxes paid in cash in such period to any fiscal# the sum of # Debt Service Charges for such period and with respect toplus # the aggregate amount of all Restricted Payments paid in cash, in each case, of or by the Parent Borrower and its Restricted Subsidiaries for such period, all as determined on a consolidated basis in accordance with GAAP, the ratio of # the sum of # EBITDA for such period, minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for such period.GAAP.

Fixed Charge Coverage Ratiomeans, with respect toshall mean and include for any fiscal period and with respect toperiod, for Parent and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP,basis, the ratio of # the sumEBITDA, plus non-cash charges against net income other than write-downs of # EBITDA for such period,Eligible Accounts and Eligible Inventory, minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made, minus expenses for income or franchise taxes included as an expense in the determination of net income (other than any provision for deferred taxes), minus payment of deferred taxes relating to income and franchise taxes accrued in any prior period, to # Senior Debt Payments made, plus dividends or redemptions paid by Parent, plus aggregate payments made (toon account of pension-related obligations to the extent not already incurreddeducted as an expense in a prior period) or incurredthe determination of EBITDA during such fiscal period, to # Fixed Chargesall for suchthe same fiscal period.

Fixed Charge Coverage Ratio” means, with respect tofor any fiscal period and with respect to Parent and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP,period, the ratio of # EBITDA minus capital expenditures (net of Unfinanced Capital Expenditures) to # the sum of # EBITDA for such period, minusInterest Expense, plus # income tax expense plus # all federal, state,dividends and local income taxesdistributions actually paid in cash during such period, minusperiod (including all share repurchases), plus # Unfinanced Capital Expenditures made (toall scheduled payments of principal with respect to Indebtedness (excluding, for the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for such period.avoidance of doubt, repayments of principal of the Advances).

Consolidated Fixed Charge Coverage Ratio” means,means with respect to any fiscal period and with respect to Parentthe and its Restrictedconsolidated Subsidiaries determined on a consolidated basis in accordance with GAAP,for any period, the ratio of # the sum of # Consolidated EBITDA for such period,period minus # all federal, state, and localthe portion of taxes based on income taxesactually paid in cash (net of any cash refunds received) during such period,period minus # Unfinancednon-financed cash Consolidated Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Consolidated Fixed Charges for such period.

Fixed Charge Coverage Ratio” means, with respect to the Specified EBITDA Entities for any fiscal period and with respect to Parent and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP,period, the ratio of # the sum of # EBITDA for such period,period minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for such period.

Fixed Charge Coverage Ratio” means, with respect toas at the last day of any fiscal quarter of , the ratio of (a) (i) Consolidated Adjusted EBITDA minus # Capital Expenditures minus # expense for taxes paid in cash, in each case for the four consecutive fiscal quarters ending on such day to # Fixed Charges; provided that any calculation of the above ratio following any acquisition or disposition made during the four-quarter period and with respect to Parent and its Restricted Subsidiariescovered by such calculation, by purchase, sale or otherwise, of all or substantially all of the business or assets of, any Person or of any line of business of any Person shall be determined on a consolidatedpro forma basis in accordancewithout duplication as if such acquisition or disposition had occurred on the first day of the relevant period and any savings associated with GAAP,such acquisition or disposition had been achieved beginning on the ratiofirst day of # the sum of # EBITDA for such period, minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to # Fixed Charges for suchrelevant period.

"Fixed Charge Coverage Ratio”Ratio" means, with respect to any fiscal period and with respect to Parent and its Restricted Subsidiaries determined for the on a consolidated basis in accordance with GAAP,Consolidated Basis, the ratioresult of # the sum ofdividing # EBITDA for such period, minus # all federal, state, and local income taxes paid in cash during such period, minus # Unfinanced Capital Expenditures made (toduring such period minus cash income taxes paid during such period (net of any credits or refunds) by # the extent not already incurred in a prior period) or incurredsum of, without duplication, all Debt Payments made during such period, provided that, notwithstanding anything to # Fixed Chargesthe contrary contained herein, for such period.the periods listed in the table below, Debt Payments, cash income taxes paid, and Unfinanced Capital Expenditures will be deemed to be the amounts set forth in the table below.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.