Example ContractsClausesMinimum Consolidated Fixed Charge Coverage Ratio
Minimum Consolidated Fixed Charge Coverage Ratio
Minimum Consolidated Fixed Charge Coverage Ratio contract clause examples

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall not permit, beginning with the Fiscal Quarter ending on or about June 27, 2021, the ratio of # Consolidated EBITDAR minus # taxes based on income of the Borrower and its Subsidiaries on a consolidated basis paid in Cash and # Consolidated Maintenance Capital Expenditures for any four Fiscal Quarter period to # Consolidated Fixed Charges for any four Fiscal Quarter period (the “Consolidated Fixed Charge Coverage Ratio”) to be less than 1.25:1.00. Notwithstanding the foregoing, # the covenant in this [Section 8.6(a)] shall not be tested as of the end of the Fiscal Quarters ending on or about June 28, 2020, September 27, 2020, December 27, 2020 and March

Minimum Consolidated Fixed Charge Coverage Ratio. As of the last day of any Fiscal Quarter (including, for the avoidance of doubt, the Fiscal Quarter ending on or about September 26, 2021), the Borrower shall not permit the ratio of # Consolidated EBITDAR minus # taxes based on income of the Borrower and its Subsidiaries on a consolidated basis paid in Cash and # Consolidated Maintenance Capital Expenditures for any four Fiscal Quarter period to # Consolidated Fixed Charges for any four Fiscal Quarter period (the “Consolidated Fixed Charge Coverage Ratio”) to be less than 1.25 to 1.00.

Minimum Consolidated Fixed Charge Coverage Ratio. The Consolidated Fixed Charge Coverage Ratio of Holdings at any time to be less than 1.50 to 1.00 (with compliance certified as of the last day of each fiscal quarter for the Measurement Period then ended in a Compliance Certificate delivered pursuant to Section 6.1).

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall not permit, beginning with the Fiscal Quarter ending on or about June 27, 2021, the ratio of # Consolidated EBITDAR minus # taxes based on income of the Borrower and its Subsidiaries on a consolidated basis paid in Cash and # Consolidated Maintenance Capital Expenditures for any four Fiscal Quarter period to # Consolidated Fixed Charges for any four Fiscal Quarter period (the “Consolidated Fixed Charge Coverage Ratio”) to be less than 1.25:1.00. Notwithstanding the foregoing, # the covenant in this [Section 8.6(a)] shall not be tested as of the end of the Fiscal Quarters ending on or about June 28, 2020, September 27, 2020, December 27, 2020 and March

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrower shall not permit, beginning with the Fiscal Quarter ending on or about March 28, 2021, the ratio of # Consolidated EBITDAR minus # taxes based on income of the Borrower and its Subsidiaries on a consolidated basis paid in Cash and # Consolidated Maintenance Capital Expenditures for any four Fiscal Quarter period to # Consolidated Fixed Charges for any four Fiscal Quarter period (the “Consolidated Fixed Charge Coverage Ratio”) to be less than 1.25:1.00. Notwithstanding the foregoing, # the covenant in this [Section 8.6(a)] shall not be tested as of the end of the Fiscal Quarters ending on or about June 28, 2020, September 27, 2020 and December 27, 2020 (but otherwise shall be deemed to be in effect with respect to each such Fiscal Quarter end for all provisions under this Agreement and the other Loan Documents that refer to compliance or pro forma compliance with [Section 8.6]), # for the Fiscal Quarter ending on or about March 28, 2021, the Consolidated Fixed Charge Coverage Ratio shall be determined for only the single Fiscal Quarter of the Borrower then ended (rather than the period of four (4) consecutive Fiscal Quarters of the Borrower then ended), # for the Fiscal Quarter ending on or about June 27, 2021, the Consolidated Fixed Charge Coverage Ratio shall be determined for only the period of the two (2) consecutive Fiscal Quarters of the Borrower then ended (rather than the period of four (4) consecutive Fiscal Quarters of the Borrower then ended) and # for the Fiscal Quarter ending on or about September 26, 2021, the Consolidated Fixed Charge Coverage Ratio shall be determined for only the period of the three (3) consecutive Fiscal Quarters of the Borrower then ended (rather than the period of four (4) consecutive Fiscal Quarters of the Borrower then ended).

Minimum Consolidated Fixed Charge Coverage Ratio. The Borrowers shall not permit the Consolidated Fixed Charge Coverage Ratio, measured as of the last day of any Fiscal Quarter of the Borrowers, to be less than # 1.10 to 1.00, through and including March 31, 2020, # 1.00 to 1.00, on and after April 1, 2020 through and including December 31, 2020, and # 1.10 to 1.00, on and after January 1, 2021.”

Minimum Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio, determined as the last day of any fiscal quarter period of the Borrower (commencing with the fiscal quarter ended March 31, 2018), to be less than 1.25 to 1.00.

Minimum Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio for each fiscal quarter of the Domestic Borrower to be less than 1.35 to 1.00.

Minimum Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio for each fiscal quarter of the Domestic Borrower to be less than 1.35 to 1.00.

Minimum Consolidated Fixed Charge Coverage Ratio. PermitExcept for any fiscal quarter of the Borrower ending during the period commencing on March 31, 2020 through the last day of the Suspension Period, permit the Consolidated Fixed Charge Coverage Ratio, determined as of the last day of any fiscal quarter period of the Borrower (commencing with the fiscal quarter ended September 30, 2019), to be less than 1.25 to 1.00.

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