Adjusted Debt Service Coverage Ratio Sample Clauses

Adjusted Debt Service Coverage Ratio. The Loan Parties will not permit the Adjusted Debt Service Coverage Ratio for all Financed Properties to be less than (a) 0.70:1.00 as of any Quarterly Determination Date that is on or immediately after the nine-month anniversary of the Closing Date or (b) 1.00:1.00 as of any Quarterly Determination Date that is on or immediately after the one-year anniversary of the Closing Date; provided that, if a Qualifying Refinancing occurs, (x) the reference to the “nine-month anniversary” in clause (a) above shall be deemed to be the nine-month anniversary of such Qualifying Refinancing and (y) the reference to the “one-year anniversary” in clause (b) above shall be deemed to be the one-year anniversary of such Qualifying Refinancing.
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Adjusted Debt Service Coverage Ratio. If the Borrower fulfills the Conversion Criteria and exercises the Conversion Option set forth in Section 2.1(c)(ii) hereof, at all times after the Non-Formula Revolving Maturity Date, an Adjusted Debt Service Coverage ratio of at least 2.00 to 1.00.
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Adjusted Debt Service Coverage Ratio. Borrower shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.35 through [August 1, 2012], and thereafter, shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.45. This covenant shall be tested quarterly . [HNB] With respect to the financial covenants set forth in Sections 7.10(a) and (c) above, the Borrower and the Lender agree that (1) although the Borrower shall maintain minimum Unrestricted Cash and Investments, as set forth above, the requirements to maintain these amounts and ratios shall not require the amount of any particular fund, account or investment of the Borrower to exceed the reasonable needs for which the Borrower maintains the fund, account or investment, and (b) the Borrower may spend amounts in those funds, accounts and investments without any restrictions under this Agreement as long as the minimum Unrestricted Cash and Investments is replenished to the minimum required amounts and ratios on the next testing date.
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Adjusted Debt Service Coverage Ratio shall be computed at the end of each quarter and shall mean the ratio of aggregate Net Operating Income of the Borrower and its Subsidiaries to aggregate Adjusted Debt Service of the Borrower and its Subsidiaries. Adjusted Interest shall mean
Sample 1

Related to Adjusted Debt Service Coverage Ratio

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Minimum Debt Service Coverage Ratio Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

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