Common use of Consolidated Debt Service Coverage Ratio Clause in Contracts

Consolidated Debt Service Coverage Ratio. The Consolidated Debt Service Coverage Ratio of the Loan Parties shall be not less than the ratio shown below for the period corresponding thereto: Consolidated Debt Service Period Coverage Ratio Fiscal quarter ended December 31, 1995 1.8 to 1.0 Fiscal quarter ended March 31, 1996 -5.9 to 1.0 First two fiscal quarters ended 1.0 to 1.0 June 30, 1996 First three fiscal quarters 1.75 to 1.0 ended September 30, 1996 Fiscal year ended December 31, 1996 2.0 to 1.0 First fiscal quarter ended March 31, 1997 -7.1 to 1.0 and the first fiscal quarter of each fiscal year thereafter First two fiscal quarters ended June 30, .75 to 1.0 1997 and the first two fiscal quarters of each fiscal year thereafter Consolidated Debt Service Period Coverage Ratio First three fiscal quarters ended 2.2 to 1.0 September 30, 1997 and the first three fiscal quarters of each fiscal year thereafter Fiscal year ended December 31, 1997 2.0 to 1.0 and each fiscal year thereafter

Appears in 1 contract

Samples: Loan Agreement (Atlantic Coast Airlines Inc)

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Consolidated Debt Service Coverage Ratio. The Maintain a Consolidated Debt Service Coverage Ratio of the Loan Parties shall be not less than the ratio shown below for the period corresponding thereto: Consolidated Debt Period Service Period Coverage Ratio Fiscal quarter ended December 31, 1995 1.8 to 1.0 Fiscal quarter ended March 31, 1996 -5.9 to 1.0 First two fiscal quarters ended 1.0 to 1.0 June 30, 1996 First three fiscal quarters 1.75 to 1.0 ended September 30, 1996 Fiscal year ended December 31, 1996 2.0 to 1.0 First fiscal quarter ended March 31, 1997 -7.1 of fiscal year ending. 75 to 1.0 and December 3 1, 1996 "the first fiscal quarter of each fiscal year thereafter First two and second fiscal quarters ended June 30, .75 of fiscal. 75 to 1.0 1997 year ending December 31, 1996 and the first two and second fiscal quarters of each fiscal year thereafter Consolidated Debt Service Period Coverage Ratio First three First, second and third fiscal quarters ended 2.2 of 1.5 to 1.0 September 30fiscal year ending December 31, 1997 1996 and the first three first, second and third fiscal quarters of each fiscal year thereafter Fiscal year ended ending December 31, 1997 2.0 1996 and 1.7 to 1.0 and each fiscal year thereafter

Appears in 1 contract

Samples: Loan and Security Agreement (Comdial Corp)

Consolidated Debt Service Coverage Ratio. The Maintain a Consolidated Debt Service Coverage Ratio of the Loan Parties shall be not less than the ratio shown below for the period corresponding thereto: Consolidated Debt Period Service Period Coverage Ratio Fiscal quarter ended First and second fiscal quarters of fiscal .negative (.70) to 1.0 year ending December 31, 1995 1.8 1998 First, second and third fiscal quarters of 0.7 to 1.0 Fiscal quarter ended March 31, 1996 -5.9 to 1.0 First two fiscal quarters ended 1.0 to 1.0 June 30, 1996 First three fiscal quarters 1.75 to 1.0 ended September 30, 1996 Fiscal year ended ending December 31, 1996 2.0 1998 Fiscal year ending December 31, 1998 1.7 to 1.0 First fiscal quarter ended March of fiscal year ending .30 to 1.0 December 31, 1997 -7.1 to 1.0 1999 and the first fiscal quarter of each fiscal year thereafter First two and second fiscal quarters ended June 30, of fiscal .75 to 1.0 1997 year ending December 31, 1999 and the first two and second fiscal quarters of each fiscal year thereafter Consolidated Debt Service Period Coverage Ratio First three First, second and third fiscal quarters ended 2.2 of 1.5 to 1.0 September 30fiscal year ending December 31, 1997 1999 and the first three first, second and third fiscal quarters of each fiscal year thereafter Fiscal year ended ending December 31, 1997 2.0 1999 and 1.7 to 1.0 and each fiscal year thereafter"

Appears in 1 contract

Samples: Loan and Security Agreement (Comdial Corp)

Consolidated Debt Service Coverage Ratio. The Consolidated Debt Service Coverage Ratio of the Loan Parties shall not be not less than that the ratio shown below for the period corresponding thereto: Consolidated Debt Service Period Coverage Ratio Fiscal quarter ended December 31, 1995 1.8 to 1.0 Fiscal quarter ended March 31, 1996 -5.9 1997 1.50 to 1.0 First two fiscal quarters ended 1.0 1.75 to 1.0 June 30, 1996 1997 First three fiscal quarters 1.75 ended 2.50 to 1.0 ended September 30, 1996 1997 Fiscal year ended December 31, 1996 2.0 1997 2.50 to 1.0 First Consolidated Debt Service Period Coverage RatioFirst fiscal Negative 5.00 to 1.0 --------------- quarter ended March 31, 1997 -7.1 to 1.0 1998 and the first fiscal quarter of each fiscal year thereafter First two fiscal quarters ended 2.00 to 1.0 June 30, .75 to 1.0 1997 1998 and the first two fiscal quarters of each fiscal year thereafter Consolidated Debt Service Period Coverage Ratio First three fiscal quarters ended 2.2 2.50 to 1.0 September 30, 1997 1998 and the first three fiscal quarters of each fiscal year thereafter Fiscal year ended December 31, 1997 2.0 2.50 to 1.0 1998 and each fiscal year thereafter

Appears in 1 contract

Samples: Loan and Security Agreement (Atlantic Coast Airlines Inc)

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Consolidated Debt Service Coverage Ratio. The Maintain a Consolidated Debt Service Coverage Ratio of the Loan Parties shall be not less than the ratio shown below for the period corresponding thereto: Consolidated Debt Period Service Period Coverage Ratio Fiscal First fiscal quarter ended of fiscal year ending .75 to 1.0 December 31, 1995 1.8 1996 First and second fiscal quarters of fiscal .75 to 1.0 Fiscal quarter ended March year ending December 31, 1996 -5.9 First, second and third fiscal quarters of 1.5 to 1.0 First two fiscal quarters ended 1.0 to 1.0 June 30, 1996 First three fiscal quarters 1.75 to 1.0 ended September 30year ending December 31, 1996 Fiscal year ended ending December 31, 1996 2.0 1.7 to 1.0 First fiscal quarter ended March of fiscal year ending .40 to 1.0 December 31, 1997 -7.1 to 1.0 and the first fiscal quarter of each fiscal year thereafter First two and second fiscal quarters ended June 30, of fiscal .75 to 1.0 year ending December 31, 1997 and the first two and second fiscal quarters of each fiscal year thereafter Consolidated Debt Service Period Coverage Ratio First three First, second and third fiscal quarters ended 2.2 of 1.5 to 1.0 September 30fiscal year ending December 31, 1997 and the first three first, second and third fiscal quarters of each fiscal year thereafter Fiscal year ended ending December 31, 1997 2.0 and 1.7 to 1.0 and each fiscal year thereafter:

Appears in 1 contract

Samples: Loan and Security Agreement (Comdial Corp)

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