Fixed Charge Coverage Ratio

Fixed Charge Coverage Ratio. Means EBITDA (as determined in accordance with GAAP) for the immediately preceding twelve (12) month period ending on the last date of the applicable Test Period, divided by the Fixed Charges for the immediately preceding twelve (12) month period ending on the last date of the applicable Test Period; provided that the "Fixed Charge Coverage Ratio" and associated components thereof shall be determined without regard to the effects of consolidation of any issuer of a Specified Third Party... Securitization on the financial statements of the Guarantor under Accounting Standards Codification Section 810, as amended, modified or supplemented from time to time, or otherwise under GAAP. View More