Adjustment of Debt Yield and Debt Service Coverage Ratio Requirements Sample Clauses

Adjustment of Debt Yield and Debt Service Coverage Ratio Requirements. In the event that Administrative Agent, in its sole discretion, approves any prepayment of the Mortgage Loan which is not accompanied by a concurrent pro rata prepayment of the Loan, Administrative Agent may require, as a condition to granting such approval, that Borrower enter into a modification to this Agreement, in form and substance reasonably satisfactory to Administrative Agent, which, among other things, shall provide for the modification of any Debt Yield and Debt Service Coverage Ratio requirement thresholds provided for herein in a manner sufficient, in Administrative Agent’s determination, to account for the applicable prepayment of the Mortgage Loan.
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Adjustment of Debt Yield and Debt Service Coverage Ratio Requirements. In the event that Administrative Agent, in its sole discretion, approves any prepayment of the Mezzanine Loan which is not accompanied by a concurrent pro rata prepayment of the Loan, Administrative Agent may require, as a condition to granting such approval, that Borrower enter into a modification to this Agreement, in form and substance reasonably satisfactory to Administrative Agent, which, among other things, shall provide for the modification of any Debt Yield and Debt Service Coverage Ratio requirement thresholds provided for herein in a manner sufficient, in Administrative Agent’s determination, to account for the applicable prepayment of the Mezzanine Loan.

Related to Adjustment of Debt Yield and Debt Service Coverage Ratio Requirements

  • Debt Service Coverage Ratio Not permit the Debt Service Coverage Ratio on the last day of each Fiscal Quarter to be less than 3.50 to 1.00.

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

  • Consolidated Debt Service Coverage Ratio Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

  • 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.

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • 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.

  • Collateral Coverage Ratio On the date of such Loan or the issuance of such Letter of Credit hereunder (and after giving pro forma effect thereto), the Collateral Coverage Ratio shall not be less than 1.0 to 1.0.

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

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