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Fixed Charge Coverage
Fixed Charge Coverage contract clause examples
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Fixed Charge Coverage Ratio” means, as of any date, the ratio of # Net Cash Flow to # Debt Service.

[Subsection 2] of the definition of "Fixed Charge Coverage Ratio" is amended and restated in its entirety as follows:

Consolidated Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of # Adjusted Consolidated EBITDA for the Measurement Period ending on such date, to # Fixed Charges for such Measurement Period.

Section #2Fixed Charge Coverage Ratio. Borrower shall not permit, as of the last day of any fiscal quarter of Borrower for the four fiscal quarter period then ending, the Fixed Charge Coverage Ratio for Borrower and its Subsidiaries on a consolidated basis to be less than 1.20 to 1.00.

Fixed Charge Coverage Ratio not at any time less than 1.75 to 1.00, to be tested at the end of each fiscal quarter.

Section # Amendments to [Section 8.2.15]. [Section 8.2.15][Minimum Fixed Charge Coverage Ratio] of the Credit Agreement is hereby amended and restated in entirety as follows:

At any time that a Covenant Trigger Event shall be in effect, the Consolidated Fixed Charge Coverage Ratio of the and its Restricted Subsidiaries for the Test Period ending on the last day of the most recent Fiscal Quarter for which financial statements of the and its Restricted Subsidiaries were required to have been delivered pursuant to [Section 7.1(a) or (b)])], as applicable, and each subsequent Test Period during the continuance of such Covenant Trigger Event, shall be not less than 1.0 to 1.0 and the shall immediately deliver to the [[Administrative Agent:Organization]] a certificate of the chief financial officer setting forth reasonably detailed calculations of the Consolidated Fixed Charge Coverage Ratio.

"Applicable Margin Toggle Date" shall mean the date upon which the Fixed Charge Coverage Ratio, calculated for the four fiscal quarters most recently ended for which financial statements have been delivered pursuant to [Section 9.7 or 9.8]8], is greater than or equal to 1.00 to 1.00.

"Fixed Charge Coverage Test Date" shall mean the last day of the calendar month ending immediately prior to the date all requirements to trigger a Covenant Testing Period have been met and the last day of each calendar month thereafter, until the Covenant Testing Period has ended.

[Schedule I] attached hereto sets forth financial data and computations evidencing the Borrowers’ compliance with certain covenants of the Agreement, including, but not limited to, the Fixed Charge Coverage Ratio, whether or not applicable, all of which data and computations are true, complete and correct; and

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