Asset Coverage Ratios. (a) The Borrower will not permit the Asset Coverage Ratio A, as of the last day of any Test Period ending on the date set forth in the table below, to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Asset Coverage Ratio A December 31, 2017 1.40:1.00 March 31, 2018 1.40:1.00 June 30, 2018 1.40:1.00 September 30, 2018 1.40:1.00 December 31, 2018 1.40:1.00 March 31, 2019 1.45:1.00 June 30, 2019 1.45:1.00 September 30, 2019 1.45:1.00 December 31, 2019 and the last day of each fiscal quarter of the Borrower thereafter 1.50:1.00
Appears in 2 contracts
Samples: First Lien Security Agreement (Walter Investment Management Corp), Credit Agreement (Walter Investment Management Corp)
Asset Coverage Ratios. (a) The Borrower will not permit the Asset Coverage Ratio A, as of the last day of any Test Period ending on the date set forth in the table below, to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Asset Coverage Ratio A December 31, 2017 1.40:1.00 March 31, 2018 1.40:1.00 1.405:1.00 June 30, 2018 1.40:1.00 1.405:1.00 September 30, 2018 1.40:1.00 1.405:1.00 December 31, 2018 1.40:1.00 1.405:1.00 March 31, 2019 1.45:1.00 June 30, 2019 1.45:1.00 September 30, 2019 1.45:1.00 December 31, 2019 and the last day of each fiscal quarter of the Borrower thereafter 1.50:1.00
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (DITECH HOLDING Corp)
