Fixed Charge Coverage Ratio. 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. The Borrower will not permit the Fixed Charge Coverage Ratio, on the last day of any fiscal quarter of the Borrower, commencing with the fiscal quarter ending and each fiscal quarter thereafter during the term of this Agreement and calculated for the period of the four consecutive fiscal quarters ending on such date, to be less than 1.25 to 1.00.
Fixed Charge Coverage Ratio. During any Covenant Testing Period, will cause to be maintained, as of each Fixed Charge Coverage Test Date, a Fixed Charge Coverage Ratio as of the twelve (12) month period then ended of not less than 1.0 to 1.0; provided that for any testing of the Fixed Charge Coverage Ratio for any period ending on or prior to , such test shall be for the period commencing on and ending on the last day of the applicable month.
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.
Minimum Fixed Charge Coverage Ratio. At any time that (and for so long as) Excess Availability is less than the greater of # an amount equal to ten (10%) percent of the Total Borrowing Base and # $80,000,000 (a “Financial Covenant Triggering Event”), the Fixed Charge Coverage Ratio of Borrowers (on a combined basis) for the most recently ended twelve (12) month period for which Administrative Agent has received financial statements of Borrowers (commencing with the most recently ended twelve (12) month period immediately preceding the date on which a Financial Covenant Triggering Event first occurs for which Administrative Agent has received financial statements of Borrowers) and for each twelve (12) month period thereafter for which Administrative Agent has received financial statements of Borrowers shall be greater than 1.00 to 1:00. To the extent that a Financial Covenant Triggering Event has occurred, if Excess Availability shall thereafter be equal to or greater than the greater of # an amount equal to ten (10%) percent of the Total Borrowing Base and # $80,000,000 for at least thirty (30) consecutive days, then the Financial Covenant Triggering Event shall no
“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:
With respect to Sections 5.10. and 5.11. of the Loan Agreement, testing of the Average Total Funded Debt to EBITDA set forth in Section 5.10. and of the Fixed Charge Coverage Ratio set forth in Section 5.11. shall commence with the 30th day of June 2023. Average Total Funded Debt to EBITDA shall be tested on June 30, 2023 and each quarter thereafter until the Indebtedness is indefeasibly paid in full, in each case tested as of the end of the quarter. The Fixed Charge Coverage Ratio shall be tested on June 30, 2023 and monthly thereafter until the Indebtedness is indefeasibly paid in full, in each case tested as of the end of the month.
"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]]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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