Coverage Ratio definition

Coverage Ratio. As to any one or more of the Combined Leased Properties, the ratio of the EBITDARM generated by such Combined Leased Property(ies) to Base Rent allocable thereto under the applicable Combined Leases, in each case for the four (4) full calendar quarters ending not less than sixty (60) days prior to the occurrence of a Section 16.10.3.1
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Coverage Ratio means, as of the date of any determination, the ratio of (a) Consolidated EBIT for the Borrower's four most recently ended fiscal quarters to (b) Consolidated Interest Expense (excluding from the computation thereof interest costs of the Borrower and its Subsidiaries in respect of the principal amount of all Qualified Subordinated Debt that is Affiliate Indebtedness) for such fiscal quarters.
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Coverage Ratio means, on any Quarterly Measurement Date, the ratio computed by dividing (a) EBITDA for the portion of the calendar year ending on such Quarterly Measurement Date by (b) Interest Expense for such portion of the calendar year.
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Examples of Coverage Ratio in a sentence

  • Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • The Borrower will not permit the Consolidated Asset Coverage Ratio at the last day of any fiscal quarter of the Borrower to be less than 1.50 to 1 at any time.

  • The Borrower will not permit the Borrower Asset Coverage Ratio at the last day of any fiscal quarter of the Borrower to be less than 2.00 to 1 at any time.

  • The Parent Borrower will not permit the Interest Coverage Ratio determined as of the last day of any full fiscal quarter of the Parent Borrower after the Effective Date to be less than 1.50 to 1.00.

  • School's Debt Coverage Ratio is > 1.1. School's Debt Coverage Ratio is between 1.0 and 1.1. School's Debt Coverage Ratio is below 1.0. NC 2 points 1 point 0 points Not Calculated 6.


More Definitions of Coverage Ratio

Coverage Ratio means the number one and four tenths (1.4).
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Coverage Ratio is the ratio of [i] Cash Flow for each applicable period; to [ii] the Rent payments due pursuant to this Lease and all other debt service and lease payments relating to the Leased Property for the applicable period.
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Coverage Ratio means, at any time of determination thereof, the ratio of (A) the Aggregate Value of Xxxxxx Shares plus 1.5 times the value of the Cash Collateral Account, to (B) the Adjusted Aggregate Loan Exposure, in each case at such time.
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Coverage Ratio means, as of any interest payment date on which a 90-Day LIBOR Rate is to be determined, 100% multiplied by a fraction, the numerator of which is the aggregate spread between exercise prices and closing market prices (as quoted on the principal stock exchange for a particular security) as of the date for which the Coverage Ratio is determined for all of the Borrower's Stock Options and the denominator of which is the unpaid principal balance and interest due but unpaid, as of the close of business on any interest payment
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Coverage Ratio means, as of any date, the ratio of (i) for the four fiscal quarter period for which the Company’s annual or quarterly Financial Statements have been most recently required to have been delivered pursuant to Section 6.10(a) and Section 6.10(b), the Company’s and its Subsidiaries’ consolidated Adjusted Pre-Tax Income, plus Aircraft Rentals, plus consolidated Net Interest Expense, and depreciation and amortization, and minus cash dividends paid by the Company, to (ii) the Company’s and its Subsidiaries’ consolidated Net Interest Expense and Aircraft Rentals for such four-quarter period.
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Coverage Ratio means, for any period of time, with respect to the Bonds, the ratio derived by dividing the sum of the Net Operating Revenues received by the Borrower plus the earnings accruing to the Debt Service Reserve Fund by the annual debt service payable on the Bonds in the applicable fiscal year.
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Coverage Ratio means, for any four fiscal quarter period, the ratio of (a) EBITDA for such period to (b) Fixed Charges for such period.
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