Common use of Consolidated Debt Service Coverage Ratio Clause in Contracts

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be tested as of the end of September 30, 2011 and each Fiscal Quarter thereafter on a rolling four (4) quarter basis).

Appears in 1 contract

Samples: Credit Agreement (Orbit International Corp)

AutoNDA by SimpleDocs

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30Borrower and its Subsidiaries, 2011 and at all times thereafteron a consolidated basis, the Borrowers shall maintain a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be tested Ratio, as of the end of September 30each fiscal quarter for that portion of the Fiscal Year then ended, 2011 commencing with the fiscal quarter ending December 31, 2001, of not less than (A) 1.00 to 1.00 for the measurement period ending December 31, 2001, and (B) 1.25 to 1.00 for each Fiscal Quarter thereafter on a rolling four (4) quarter basis).measurement period ending after December 31, 2001; and

Appears in 1 contract

Samples: Loan and Security Agreement (Nematron Corp)

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the The Borrowers shall maintain have a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be tested as of at all times measured at the end of September 30, 2011 and each Fiscal Quarter thereafter fiscal quarter on a rolling four (4) quarter basis).quarters basis of not less than: a. 1. 00:1.00 for the Fiscal Year 1997;

Appears in 1 contract

Samples: Loan Agreement (Nutrition Management Services Co/Pa)

Consolidated Debt Service Coverage Ratio. Commencing with Borrower and its Subsidiaries, on a consolidated basis, shall have as of the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain end of Borrower's 1998 fiscal year a Consolidated Debt Service Coverage Ratio for fiscal year 1998 of not less than 1.00 to 1.00 and shall maintain a Debt Service Coverage Ratio, as of the end of each twelve-month period ending on the last day of a fiscal quarter, commencing with the fiscal quarter ending in March, 1999, of not less than 1.25 to 1.00 (to be tested as of the end of September 30, 2011 and each Fiscal Quarter thereafter on a rolling four (4) quarter basis).1.00; and

Appears in 1 contract

Samples: Loan and Security Agreement (Morrow Snowboards Inc)

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the The Borrowers shall maintain have a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be tested as of at all times measured at the end of September 30, 2011 and each Fiscal Quarter thereafter fiscal quarter on a rolling four quarters basis of not less than: (41) quarter basis).1. 00:1.00 for the Fiscal Year 1997; (2) 1. 125:1.00 for the Fiscal Year 1998; and

Appears in 1 contract

Samples: Loan Agreement (Nutrition Management Services Co/Pa)

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain Maintain a Consolidated Debt Service Coverage Ratio of not less than (i) 1.10 to 1 for periods ending between December 31, 1997 and June 29, 1998, and (ii) 1.25 to 1.00 (to 1 for the period ended June 30, 1998 and periods thereafter. This financial covenant will be tested measured as of the end last day of September 30, 2011 and each Fiscal Quarter thereafter fiscal quarter of the Obligors on a rolling trailing four (4) quarter basis).

Appears in 1 contract

Samples: Revolving Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)

Consolidated Debt Service Coverage Ratio. Commencing with the The Borrowers will ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain a Consolidated Debt Service Coverage Ratio Ratio, calculated on an annualized basis for fiscal year 2000 (based on the period November 30, 1999 through May 31, 2000) and thereafter calculated as of each Calculation Date for the four preceding fiscal quarters, of not less than 1.25 1.20 to 1.00 (to be tested as of the end of September 30, 2011 and each Fiscal Quarter thereafter on a rolling four (4) quarter basis)1.00.

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

AutoNDA by SimpleDocs

Consolidated Debt Service Coverage Ratio. Commencing with The Providers permit the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be tested Ratio, calculated as of the end of September each fiscal quarter of the Providers, for the period of August 30, 2011 1998 to November 30, 1998, the period of August 30, 1998 to February 28, 1999, the period of August 30, 1998 to May 31, 1999 to be less than 1.75:1.00 and for each Fiscal Quarter thereafter on a rolling four (4) fiscal quarter basis).thereafter, to be less than 1.50:1.00

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement and Loan and Security Agreement (Star Multi Care Services Inc)

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain Maintain a Consolidated Debt Service Coverage Ratio of not less than 1.25 (i) .70 to 1.00 1 for periods ending between December 31, 1997 and June 29, 1998 and (ii) .78 to 1 for the period ended June 30, 1998 and periods thereafter. This financial covenant will be tested measured as of the end last day of September 30, 2011 and each Fiscal Quarter thereafter fiscal quarter of the Obligors on a rolling trailing four (4) quarter basis).

Appears in 1 contract

Samples: Revolving Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)

Consolidated Debt Service Coverage Ratio. Commencing with the ---------------------------------------- period ending September 30Borrower and its Subsidiaries, 2011 and at all times thereafteron a consolidated basis, the Borrowers shall maintain a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be tested Ratio, as of the end of September 30each fiscal quarter for that portion of the Fiscal Year then ended, 2011 commencing with the fiscal quarter ending December 31, 2000, of not less than (A) 0.75 to 1.00 for each measurement period ending on or before March 31, 2001, and (B) 1.25 to 1.00 for each Fiscal Quarter thereafter on a rolling four (4) quarter basis).measurement period ending after March 31, 2001; and

Appears in 1 contract

Samples: Loan and Security Agreement (Nematron Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!