Collateral Coverage Ratio. Borrower shall maintain as of the end of each calendar quarter, commencing with the calendar quarter ending December 31, 2013, a Collateral Coverage Ratio of not less than 1.25 to 1.0 (1.25:1.0).
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Collateral Coverage Ratio. Permit the Collateral Coverage Ratio at the last day of any fiscal quarter of Borrower shall maintain as of specified below to be less than the end of each calendar quarter, commencing with the calendar quarter ending corresponding ratio set forth below: Period Minimum Collateral Coverage Ratio December 31, 20132013 through June 30, a Collateral Coverage Ratio of not less than 1.25 to 1.0 (1.25:1.0).2014 0.65 : 1.00 September 30, 2014 through December 31, 2014 0.70 : 1.00 March 31, 2015 No Requirement June 30, 2015 0.80 : 1.00 September 30, 2015 0.70 : 1.00 December 31, 2015 and thereafter 0.80 : 1.00
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Samples: Second Lien Credit Agreement (Black Ridge Oil & Gas, Inc.)
Collateral Coverage Ratio. Permit the Collateral Coverage Ratio at the last day of any fiscal quarter of Borrower shall maintain as of specified below to be less than the end of each calendar quarter, commencing with the calendar quarter ending corresponding ratio set forth below: Period Minimum Collateral Coverage Ratio December 31, 20132013 through June 30, a Collateral Coverage Ratio of not less than 1.25 to 1.0 (1.25:1.0).2014 0.65 : 1.00 September 30, 2014 through December 31, 2014 0.70 : 1.00 March 31, 2015 and thereafter 0.80 : 1.00
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Samples: Second Lien Credit Agreement (Black Ridge Oil & Gas, Inc.)
Collateral Coverage Ratio. Borrower shall maintain as of the end of each calendar quarter, commencing with the calendar quarter ending December 31, 2013on the dates listed below, a Collateral Coverage Ratio of not less than 1.25 the corresponding ratio set forth below: Period Minimum Collateral Coverage Ratio June 30, 2015 0.80 to 1.0 (1.25:1.0).1.00 September 30, 2015 0.70 to 1.00 December 31, 2015 and thereafter 0.80 to 1.00
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Collateral Coverage Ratio. Borrower shall maintain as of the end of each calendar quarter, commencing with the calendar quarter ending December 31, 2013listed below, a Collateral Coverage Ratio of not less than 1.25 the corresponding ratio set forth below: Period Minimum Collateral Coverage Ratio December 31, 2013 through June 30, 2014 0.65 to 1.0 (1.25:1.0).1.00 September 30, 2014 through December 31, 2014 0.70 to 1.00 March 31, 2015 and thereafter 0.80 to 1.00
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