Fixed Charges Ratio

Fixed Charges Ratio. Means, as at any date, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date to (b) the sum for the Borrower and its Restricted Subsidiaries (determined on a consolidated basis without duplication in accordance with GAAP), of the following: (i) all Debt Service for such period plus (ii) the aggregate amount of all Capital Expenditures made during such period plus (iii)... the aggregate amount paid, or required to be paid, in cash in respect of income, franchise, real estate and other like taxes for such period (to the extent not deducted in determining EBITDA for such period) plus (iv) all Dividend Payments made to Holdings during such period not included in Interest Expense. View More

Fixed Charges Ratio. `FIXED CHARGES RATIO' shall mean, as at any date, the ratio of: (a) the sum of the following: -2- (i) EBITDAR for the period of 12 consecutive months ending on, or most recently ended prior to, such date, PLUS (ii) the aggregate amount of cash rent payments made by the Obligors in respect of the Municipal Transaction during such period (to the extent deducted in... determining EBITDAR for such period), MINUS (iii) Capital Expenditures made by the Company and its Subsidiaries during such period pursuant to Section 9.15(a) hereof, MINUS (iv) taxes paid in cash during such period (other than any Municipal Transaction Taxes paid with proceeds in the Restricted Account), TO (b) the sum of (i) Debt Service for such period, PLUS (ii) the aggregate amount of cash rent payments made by the Obligors in respect of the Municipal Transaction during such period. View More

Fixed Charges Ratio. Means, as at the last day of any fiscal quarter, the ratio (determined without duplication in accordance with GAAP) of (a) the sum of (i) Annualized Operating Cash Flow as at such day plus (ii) the aggregate unutilized amount of the Revolving Credit Commitments hereunder as at such day plus (iii) the amount of cash and cash equivalents held by NCI and the Restricted Companies on such day to (b) the sum of (i) Debt Service for NCI and the Restricted Companies for the period of four fiscal... quarters ending on such day plus (ii) the aggregate amount of Capital Expenditures for NCI and the Restricted Companies made during such period, except for any such Capital Expenditures to the extent financed with the proceeds of Indebtedness incurred pursuant to Section 7.01(d) or 7.01(e) during such fiscal year and that is secured by Liens permitted under Section 7.02(f) plus (iii) the aggregate amount of Federal, state and local income taxes paid by NCI and its subsidiaries in respect of such period. View More

Fixed Charges Ratio. Shall mean, as at any date (but subject in any event to the provisions of Section 8.10(e) hereof), the ratio of: (a) the sum of the product of (x) the sum of (i) EBITDA for the fiscal quarter ending on or most recently ended prior to such date (but without duplication of the provisions of Section 8.10(e)) plus (ii) all interest income of the Company and its Restricted Subsidiaries for such fiscal quarter times (y) four plus the least of (A) the amount of the unused and available... Revolving Credit Commitment as at the last day of such fiscal quarter, or (B) the amount of additional Senior Debt that could be incurred at such last day in accordance with the Senior Debt Ratio requirement set forth in Section 8.10(a), or (C) the amount of additional Indebtedness that could be incurred at such last day in accordance with the Debt Ratio requirement of Section 8.10(b) to (b) Fixed Charges for the period of four fiscal quarters ending on or most recently ended prior to such date. View More

Fixed Charges Ratio. MDC Partners will not permit the Fixed Charges Ratio as of the last day of any Test Period ending on or, as applicable, after the dates set forth below to be less than the ratio set forth opposite such Test Period: Test Period Ending Fixed Charges Ratio September 30, 2005 1.00 to 1.00 December 31, 2005 0.95 to 1.00 March 31, 2006 1.00 to 1.00 June 30, 2006 1.05 to 1.00 September 30, 2006 1.15 to 1.00 December 31, 2006 and thereafter 1.25 to 1.00