Fixed Charge Coverage Ratio

Fixed Charge Coverage Ratio. Shall mean the ratio as of the last day of any fiscal period of (i) EBITDA as of the last day of such fiscal period to (ii) Fixed Charges.

Fixed Charge Coverage Ratio. Shall mean, for Parent and its Consolidated Subsidiaries on a consolidated basis, (I) (A) Consolidated EBITDAR for such period plus (B) (1) for the first Fiscal Quarter of the 2003 calendar year, $1,000,000; (2) for the second Fiscal Quarter of the 2003 calendar year, $750,000 (but not including the amount set forth in (B)(1) above); (3) for the third Fiscal Quarter of the 2003 calendar year, $500,000 (but not including the amounts set forth in (B)(1) and (B)(2) above) and (4) for the fourth... Fiscal Quarter of the 2003 calendar year, $250,000 (but not including the amounts set forth in (B)(1), (B)(2) and (B)(3) above), divided by (II) the sum of (i) scheduled principal payments on Debt of Parent and its Consolidated Subsidiaries required to be made during such period (regardless of whether actually paid) and amortization of discount or premium related to any such Debt for such period, whether expensed or capitalized (including any payments made pursuant to the P&S Agreement), (ii) Cash Interest Expense for such period, (iii) Rent Expense for such period and (iv) dividends or distributions to the extent paid on or in respect of any preferred equity of Parent for such period notwithstanding the prohibition on payment of same. The applicable period of determination shall be the Trailing Four Quarter Period. View More

Fixed Charge Coverage Ratio. Means, as of any date, the ratio of (a) the Borrower's EBITDA minus the sum of the Borrower's (i) Capital Expenditures, and (ii) taxes to (b) the sum of the Borrower's (i) Interest Expense (measured on the same basis as Fixed Charge Coverage Ratio), and (ii) Current Maturities of Long Term Debt.

Fixed Charge Coverage Ratio. Has the meaning given to such term in the New Senior Note Indenture.

Fixed Charge Coverage Ratio. Shall mean as of the end of any fiscal quarter of the Borrower the ratio of (x) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters ending with such fiscal quarter, determined in accordance with GAAP, to (y) the sum of (A) the aggregate amount of principal payments of Indebtedness of the Borrower or any of its subsidiaries scheduled to have been made during such period plus (B) the aggregate amount of interest expense of the Borrower or any of its subsidiaries... for such period. View More

Fixed Charge Coverage Ratio. Shall mean, during any period, the ratio of (x) EBITDA minus (i) unfunded Capital Expenditures, plus (ii) Special Charges and Write-offs, in each case for such period, to (y) the sum of (i) interest for such period, (ii) the term debt repayments and other repayments of Indebtedness (other than Obligations under this Agreement) in such period, and (iii) taxes due for such period.

Fixed Charge Coverage Ratio. With reference to the periods referred to below, on a consolidated basis for the Parent Guarantor and its Consolidated Subsidiaries, the ratio of Income from Operations to Interest Expense plus scheduled payments of principal plus the aggregate amount of cash dividends declared or paid on any preferred stock of the Parent Guarantor, for the three-month period ending March 31, ... 2002, the six-month period ending June 30, 2002, the nine-month period ending September 30, 2002, and thereafter on a rolling four-quarter basis, calculated as of the last day of each such period; provided, however, that for the three-month period being March 31, 2002 up to $3,000,000 of capitalized interest for the MARAD Debt shall not be included in calculating Interest Expense. For purposes of this definition, the interest expense on the liabilities described in Section 1(l) of Schedule 6 shall be excluded. View More

Fixed Charge Coverage Ratio. Means, as of any date of determination, the ratio of (i) EBITDA of the Company and its Subsidiaries on a consolidated basis, less (a) unfinanced capital expenditures, (b) federal, state and local taxes paid by the Company and its Subsidiaries during the four (4) most recently completed Fiscal Quarters, (c) board or other advisory fees, if any, paid by the Company and its Subsidiaries during the four (4) most recently completed Fiscal Quarters, and (d) cash dividends or tax distributions made by... the Company and its Subsidiaries during the four (4) most recently completed Fiscal Quarters, to (ii) total Fixed Charges of the Company and its Subsidiaries on a consolidated basis. View More

Fixed Charge Coverage Ratio. Means, for any Computation Period, the ratio of (a) the total for such period of EBITDA minus the sum of (i) income taxes paid in cash net of refunds received by the Loan Parties, (ii) all unfinanced Capital Expenditures, (iii) cash distributions or dividends (to the extent permitted hereunder), and (iv) amounts paid to repurchase or redeem stock or equity (unless, at the end of such Computation Period, the Redemption Condition was satisfied) to (b) the sum for such period of (i) cash Interest... Expense plus (ii) required payments of principal of Funded Debt (including the Term Loan but excluding the Revolving Loans) plus (iii) management fees paid in cash if and to the extent permitted hereunder. View More

Fixed Charge Coverage Ratio. Means, for any Computation Period with respect to Borrowers and their Subsidiaries, the ratio of (a) the total for such period of Consolidated Adjusted Modified Cash EBITDA minus the sum of (i) federal, state, provincial, territorial, local and foreign income taxes paid in cash by the Loan Parties, (ii) all unfinanced Capital Expenditures and (iii) all dividends, distributions and other redemption or other payments made to any owner of Borrowers' Capital Securities (excluding the 2024 Term Loan... Parent Distributions and the 2024 Delayed Draw Term Loan Parent Distributions), to (b) the sum for such period of (i) cash Interest Expense plus (ii) required payments of principal of Funded Debt (including (1) the Term Loan, (2) the 2024 Term Loan, (3) the Delayed Draw Term Loan and (4) the 2024 Delayed Draw Term Loan, but excluding (y) the Revolving Loans and (z) the refinancing of the Term Loan and the Delayed Draw Term Loan from the proceeds of the 2024 Term Loan). View More