Cashflow Cover. In respect of any test date set forth in the table below, Cashflow Cover shall not be less than the ratio set forth opposite such date in the table below: December 31, 2015 0.30 to 1.00 March 31, 2016 0.35 to 1.00 June 30, 2016 0.40 to 1.00 September 30, 2016 0.45 to 1.00 December 31, 2016 0.40 to 1.00 March 31, 2017 0.45 to 1.00 June 30, 2017 0.45 to 1.00 September 30, 2017 and thereafter 0.45 to 1.00
Appears in 3 contracts
Samples: Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD), Term Loan Facility Credit Agreement (CME Media Enterprises B.V.), Revolving Loan Facility Credit Agreement (CME Media Enterprises B.V.)
Cashflow Cover. In respect of any test date set forth in the table below, Cashflow Cover shall not be less than the ratio set forth opposite such date in the table below: December 31, 2015 0.30 0.250 to 1.00 March 31, 2016 0.35 0.300 to 1.00 June 30, 2016 0.40 0.350 to 1.00 September 30, 2016 0.45 0.400 to 1.00 December 31, 2016 0.40 0.425 to 1.00 March 31, 2017 0.45 0.450 to 1.00 June 30, 2017 0.45 0.500 to 1.00 September 30, 2017 and thereafter 0.45 0.500 to 1.00
Appears in 2 contracts
Samples: Term Loan Facility Credit Agreement (Central European Media Enterprises LTD), Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD)
Cashflow Cover. In respect of any test date set forth in the table below, Cashflow Cover shall not be less than the ratio set forth opposite such date in the table below: December 31, 2015 0.30 0.250 to 1.00 March 31, 2016 0.35 0.300 to 1.00 June 30, 2016 0.40 0.350 to 1.00 September 30, 2016 0.45 0.400 to 1.00 December 31, 2016 0.40 0.425 to 1.00 March 31, 2017 0.45 0.450 to 1.00 June 30, 2017 0.45 0.500 to 1.00 September 30, 2017 and 0.500 to 1.00 December 31, 2017 0.500 to 1.00 March 31, 2018 0.525 to 1.00 June 30, 2018 0.600 to 1.00 September 30, 2018 0.650 to 1.00 December 31, 2018 0.700 to 1.00 Each Quarter Date thereafter 0.45 Levels are set pursuant to 1.00Section 5.04(b)(iv)
Appears in 2 contracts
Samples: Reimbursement Agreement (Central European Media Enterprises LTD), Commitment Letter (Central European Media Enterprises LTD)
