Fixed Charge Coverage Ratio

Fixed Charge Coverage Ratio. Shall mean, as to any Person, with respect to any period, the ratio of (a) the amount equal to the EBITDA of such Person for such period to (b) the Fixed Charges of such Person for such period.

Fixed Charge Coverage Ratio. EBIDAR divided by Fixed Charges.

Fixed Charge Coverage Ratio. Means, as of the last day of any fiscal month for the Computation Period ending on such date for the Borrowers and their Subsidiaries on a consolidated basis, the ratio of (a) the total for such period of EBITDA for the Computation Period ending on such date minus the sum of (i) income taxes paid (or which should have been paid) in cash by such Persons during such Computation Period, (ii) all unfinanced Capital Expenditures of such Persons incurred during such Computation Period, and (iii) all... cash dividends or distributions paid during such Computation Period to (b) the sum for such Computation Period for the Borrowers and their Subsidiaries on a consolidated basis of all scheduled interest and principal payments of Debt during such Computation Period, including the principal component of any Capital Lease (in each case, whether or not in fact paid during such period). View More

Fixed Charge Coverage Ratio. Means, as of the end of a fiscal quarter, the ratio of (A) EBITDAR, less the sum of the following for the twelve month period ending with such quarter: (i) all expenses of Parent and the Subsidiaries that were permitted under Sections 9.3 and 10.5 and were paid in cash during such period; and (ii) taxes paid in cash by Parent and the Subsidiaries during such period to (B) the sum of Interest Expense, Rental Expense and scheduled principal payments... of Debt for such period. View More

Fixed Charge Coverage Ratio. On the last day of any quarter of any fiscal year of the Company means the ratio for the period of four fiscal quarters ending on such day of earnings to combined fixed charges and preferred stock dividends referred to in Paragraph (d)(1) of Item 503 of Regulation S-K of the Securities and Exchange Commission, as amended from time to time, and determined pursuant to Instructions to paragraph 503(d) of such Item 503 with the Company as "registrant" (such ratio to be calculated in a manner... consistent with the calculations set forth on Exhibit F); provided that, in connection with the computation of earnings, any impairment charges incurred during such period in connection with write-downs to their fair value of aircraft owned at any time during such period shall be added to the calculation of earnings to the extent such impairment charges were deducted in computing earnings for such period; provided, however, that if the Required Banks in their reasonable discretion determine that amendments to Regulation S-K subsequent to the date hereof substantially modify the provisions of such Item 503, "Fixed Charge Coverage Ratio" shall have the meaning determined by this definition without regard to any such amendments. View More

Fixed Charge Coverage Ratio. Shall mean, for any Person during any period, the Consolidated Adjusted EBITDA for such period (after adding back all applicable Incentive Fees), divided by the Fixed Charges for the same period.

Fixed Charge Coverage Ratio. Means, during any period of determination: (i) EBITDA for such period, plus rent expense incurred during such period, less the sum of (A) all unfinanced Capital Expenditures made in such period, and (B) any dividends and distributions paid in such period and (C) cash taxes paid in such period (without benefit of any refunds), divided by (ii) the sum of (A) the current portion of scheduled principal amortization on Funded Debt coming due in the next twelve (12) months as of the end of the most... recent fiscal month (excluding the repayment of the Obligations) plus (B) cash interest payments paid in such period, plus (C) Pro-Forma Term Loan Interest, plus (D) rent expense paid during such period plus (E) all cash payments made by Borrower during such period consisting of the following ClientLogic Deferred Payments: (1) the earn-out payment due on or before April 2008, and (2) any other consideration paid in connection with the Client Logic Acquisition (other than the $800,000 deferred purchase payment due in February 2007). View More

Fixed Charge Coverage Ratio. Means the ratio of (a) net income plus interest (including payments in the nature of interest under capital leases and payment in kind interest), plus income taxes, plus depreciation, plus amortization, plus operating lease expense, minus extraordinary income, in each case as determined on a trailing 12 month basis from the Measurement Date, to (b) the sum of (i) the aggregate principal to be paid or accrued, the aggregate rental under capital leases to be paid or accrued and rental and other... obligations under leases to be paid or accrued, each as calculated on a forward twelve-month basis in accordance with obligations from the Measurement Date, and (ii) the aggregate interest paid or accrued, the aggregate operating lease expense paid or accrued, any dividends and other distributions paid or accrued to equity holders (whether permitted in the Loan Agreement or not) and income taxes paid in cash, in each case determined on a trailing 12 month basis from the Measurement Date. For the fiscal quarters ending as of June 30, 2006, September 30, 2006, December 31, 2006, and March 31, 2007, the Fixed Charge Coverage Ratio shall be annualized with respect to a trailing 12-month period by using the factor set forth below for the corresponding Measurement Date: Calculation Date Period Annualized Factor As of June 30, 2006 From May 1, 2006 through and including June 30, 2006 6 As of September 30, 2006 From May 1, 2006 through and including September 30, 2006 2.4 As of December 31, 2006 From May 1, 2006 through and including December 31, 2006 1.5 As of March 31, 2007 From May 1, 2006 through and including March 31, 2007 1.0909 Items (a) and (b) shall be prepared on a consolidated basis from Borrower's regular financial statements as of the Measurement Date and shall be prepared in accordance with GAAP except footnotes and regular year-end adjustments. View More

Fixed Charge Coverage Ratio. US Borrower shall not suffer or permit as of the last day of any fiscal quarter the Fixed Charge Coverage Ratio to be less than (i) 1.00 to 1.00 for the periods ending September 30, 2011, December 31, 2011, March 31, 2012, June 30, 2012, and September 30, 2012 and (ii) 1.25 to 1.00 for the periods ending December 31, 2012 and thereafter; provided, however, that at all times during the period commencing September 30, 2011 and ending on September 30, 2012, the Total Commitment Amount must exceed... the sum of the aggregate outstanding principal amount of all Revolving Loans plus the Letter of Credit Exposure plus the Swing Line Exposure by an amount no less than Ten Million Dollars ($10,000,000). View More

Fixed Charge Coverage Ratio. With respect to Borrower and its Subsidiaries on a consolidated basis for any consecutive period of four fiscal quarters, the ratio of (a) the sum for such period of (i) EBITDAR, minus (ii) dividends and distributions to shareholders declared or paid, to (b) the sum for such period of (i) Interest Expense, plus (ii) cash taxes, plus (iii) scheduled principal payments of Indebtedness, plus (iv) Rent Expense