Borrowing Base Pool Debt Service Coverage Ratio Clause Samples

Borrowing Base Pool Debt Service Coverage Ratio. At all times, as tested at the end of each fiscal quarter or any other date of measurement, the ratio of (i) Adjusted Net Operating Income for the applicable quarter, annualized; divided by (ii) Implied Debt Service for the applicable quarter, annualized, shall not be less than (a) from the Closing Date through the fiscal quarter ending December 31, 2010, 1.40 to 1.00, (b) from the fiscal quarter ending March 31, 2011 through the fiscal quarter ending December 31, 2011, 1.45 to 1.00, (c) from the fiscal quarter ending March 31, 2012 through the fiscal quarter ending December 31, 2012, 1.50 to 1.00, and (d) from and after the fiscal quarter ending March 31, 2013, 1.55 to 1.00.

Borrowing Base Pool Debt Service Coverage Ratio. 10.6 is amended by deleting the phrase, “

Borrowing Base Pool Debt Service Coverage Ratio. As at the end of any fiscal quarter or any other date of measurement, the ratio of (i) Adjusted Net Operating Income for the applicable quarter, annualized; divided by (ii) Implied Debt Service for the applicable period shall not be less than (a) from the Closing Date through the fiscal quarter ending December 31, 2010, 1.40 to 1.00, (b) from the fiscal quarter ending March 31, 2011 through the fiscal quarter ending December 31, 2011, 1.45 to 1.00, (c) from the fiscal quarter ending March 31, 2012 through the fiscal quarter ending December 31, 2012, 1.50 to 1.00, and (d) from and after the fiscal quarter ending March 31, 2013, 1.55 to 1.00.” (q) 14.1(a) of the Credit Agreement is hereby amended by deleting the reference therein to “any Loans” and by inserting in place thereof the following: “Term Loan A, Term Loan B, Term Loan C or Term Loan D”. (r) 14.1(b) of the Credit Agreement is hereby amended by deleting the reference therein to “the Loans” and by inserting in place thereof the following: “Term Loan A, Term Loan B, Term Loan C or Term Loan D”. (s) 14.1(i) of the Credit Agreement is hereby amended by deleting the number “$322,201,600” and substituting in lieu thereof, the number “370,000,000”. (t) 14.1(n) of the Credit Agreement is hereby deleted in its entirety and the following substituted in lieu thereof:

Borrowing Base Pool Debt Service Coverage Ratio. As of the end of any fiscal quarter, the ratio of (i) Adjusted Net Operating Income for the applicable quarter,

Borrowing Base Pool Debt Service Coverage Ratio. As at the end of any fiscal quarter, the ratio of (i) Adjusted Net Operating Income of the Borrowing Base Pool for the four consecutive fiscal quarters ending on the last day of such fiscal quarter; divided by (ii) the Implied Debt Service applicable in such four fiscal quarter period shall not be less than 1.50 to 1.00.