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Fixed Charge Coverage
Fixed Charge Coverage contract clause examples

Fixed Charge Coverage. [Sections 14.1 and 14.2]2] of the Loan Agreement are hereby amended by deleting [Sections 14.1 and 14.2]2] in their entirety and substituting therefor the following, respectively:

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. Section 14 of the Loan Agreement is hereby amended by deleting Section 14 in its entirety and substituting therefor the following:

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. If at any time Excess Availability is less than 20% of the Revolving Commitment, then the Borrower Group shall, at all times during the period in which Excess Availability is less than 20% of the Revolving Commitment and continuing for a period of 60 consecutive days after which Excess Availability is no longer less than 20% of the Revolving Commitment, maintain a Fixed Charge Coverage Ratio of not less than 1.0:1.0, calculated and tested, in respect of the relevant Twelve Month Period, as of the last day of each calendar month and at such other times as the Lender determines necessary or appropriate. For greater certainty, Excess Availability will be determined and calculated as at the end of each fiscal month of the Borrower.

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. Permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter of the Company, to be less than 1.75:1.00.

Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage Ratio for any Computation Period to be less than 1.25:1.00.

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