Common use of Consolidated Debt Service Coverage Ratio Clause in Contracts

Consolidated Debt Service Coverage Ratio. Permit the Consolidated Debt Service Coverage Ratio to be less 0.65 to 1.0 at any time from December 31, 1996 through March 30, 1997; 0.90 to 1.0 at any time from March 31, 1997 to September 29, 1997; 0.95 to 1.0 at any time from September 30, 1997 to December 30, 1997 and 1.25 to 1.0 at any time from December 31, 1997 and thereafter." 18. Amendment to ARTICLE VI. NEGATIVE COVENANTS. SECTION 6.17.

Appears in 1 contract

Samples: Term Loan Agreement (Foilmark Inc)

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Consolidated Debt Service Coverage Ratio. Permit The Company will not permit, on the dates set forth below, its Consolidated Debt Service Coverage Ratio to be less 0.65 than the following ratios corresponding to 1.0 at any time from the following dates: (a) 1 to 1 on December 31, 1996 through March 301997, 1997; 0.90 (b) 1.17 to 1.0 at any time from March 31, 1997 to September 29, 1997; 0.95 to 1.0 at any time from September 30, 1997 to December 30, 1997 and 1.25 to 1.0 at any time from 1 on December 31, 1997 1998, (c) 1.35 to 1 on December 31, 1999, and (d) 1.35 to 1 on December 31, 2000 and each December 31 thereafter." 18. Amendment to ARTICLE VI. NEGATIVE COVENANTS. SECTION 6.17.

Appears in 1 contract

Samples: Subordinate Loan and Warrant Purchase Agreement (Edutrek Int Inc)

Consolidated Debt Service Coverage Ratio. Permit the Consolidated Debt Service Coverage Ratio to be less 0.65 0.68 to 1.0 at any time from December 31, 1996 through March 30, 1997; 0.90 0.09 to 1.0 at any time from March 31, 1997 to September 29, 1997; 0.95 to 1.0 at any time from September 30, 1997 to December 30, 1997 and 1.25 to 1.0 at any time from December 31, 1997 and thereafter." 1820. Amendment to ARTICLE VI. NEGATIVE COVENANTS. SECTION 6.17.

Appears in 1 contract

Samples: Letter of Credit, Reimbursement and Loan Agreement (Foilmark Inc)

Consolidated Debt Service Coverage Ratio. Permit the The Borrower will not ---------------------------------------- permit its Consolidated Debt Service Coverage Ratio to be less 0.65 than (x) 1.25 to 1.0 at any time 1 from December 31, 1996 the Effective Date through March 30, 1997; 0.90 to 1.0 at any time from March 31, 1997 to September 29, 1997; 0.95 2001, (y) 1.50 to 1.0 at any time 1 from September 30, 1997 to 2001 through December 30, 1997 2001 and 1.25 (z) 1.75 to 1.0 at any time from December 31, 1997 and 1 thereafter." 18. Amendment to ARTICLE VI. NEGATIVE COVENANTS. SECTION 6.17.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

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Consolidated Debt Service Coverage Ratio. Permit the The Borrower will not ---------------------------------------- permit its Consolidated Debt Service Coverage Ratio to be less 0.65 than (x) 1.25 to 1.0 at any time 1 from December 31, 1996 the Effective Date through March 30, 1997; 0.90 to 1.0 at any time from March 31, 1997 to September 29, 1997; 0.95 2001, (y) 1.50 to 1.0 at any time 1 from September 30, 1997 to 2001 through December 30, 1997 2001 and 1.25 (2) 1.75 to 1.0 at any time from December 31, 1997 and 1 thereafter." 18. Amendment to ARTICLE VI. NEGATIVE COVENANTS. SECTION 6.17.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

Consolidated Debt Service Coverage Ratio. Permit at any time the Consolidated Debt Service Coverage Ratio to be less 0.65 to 1.0 at any time from than the ratio set forth below opposite the applicable period. PERIOD RATIO ------ ----- Closing Date through December 30, 1998 1.00:1.00 December 31, 1996 through March 30, 1997; 0.90 to 1.0 at any time from March 31, 1997 to September 29, 1997; 0.95 to 1.0 at any time from September 30, 1997 to December 30, 1997 and 1.25 to 1.0 at any time from December 31, 1997 and thereafter." 18. Amendment to ARTICLE VI. NEGATIVE COVENANTS. SECTION 6.17.1998 thereafter 1.25:1.00

Appears in 1 contract

Samples: Credit Agreement (Family Golf Centers Inc)

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