Common use of Consolidated Debt Service Coverage Ratio Clause in Contracts

Consolidated Debt Service Coverage Ratio. The Borrower and its consolidated Subsidiaries on a consolidated basis shall maintain as at the end of each fiscal quarter for the 12 consecutive month then ended a Consolidated Debt Service Coverage Ratio not less than 1.50 to 1.0, provided that the Borrower and its consolidated Subsidiaries shall maintain for the fiscal quarter for the shorter period from June 1, 1999 (the "Inception Date") to September 30, 1999, a Consolidated Debt Service Coverage Ratio not less than 1.20 to 1.0.

Appears in 1 contract

Samples: Loan and Security Agreement (Petroleum Place Inc)

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Consolidated Debt Service Coverage Ratio. The Borrower and its consolidated Subsidiaries on a consolidated basis shall maintain Maintain as at of the end of each fiscal quarter for the 12 consecutive month then ended a Consolidated Debt Service Coverage Ratio not less than 1.50 to 1.0, provided that the Borrower and its consolidated Subsidiaries shall maintain for the fiscal quarter for the shorter period from June 1, 1999 (the "Inception Date") to September 30, 1999month, a Consolidated Debt Service Coverage Ratio of not less than 1.20 1.25 to 1.01.00 commencing with the month ending June 30, 2010.” 10. Section 7.15 of the Credit Agreement is hereby deleted and the following is inserted in its place:

Appears in 1 contract

Samples: Credit Agreement (Olympic Steel Inc)

Consolidated Debt Service Coverage Ratio. The Borrower and its consolidated Subsidiaries Subsidiaries, on a consolidated basis basis, shall maintain a Debt Service Coverage Ratio, as at of the end of each fiscal quarter for that portion of the 12 consecutive month Fiscal Year then ended a Consolidated Debt Service Coverage Ratio ended, commencing with the fiscal quarter ending December 31, 1999, of not less than 1.50 1.25 to 1.0, provided that the Borrower and its consolidated Subsidiaries shall maintain for the fiscal quarter for the shorter period from June 1, 1999 (the "Inception Date") to September 30, 1999, a Consolidated Debt Service Coverage Ratio not less than 1.20 to 1.0.1.00; and

Appears in 1 contract

Samples: Loan and Security Agreement (Nematron Corp)

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Consolidated Debt Service Coverage Ratio. The Borrower Borrowers and its consolidated their Consolidated Subsidiaries on a consolidated basis shall maintain as at the end of each fiscal quarter for the 12 consecutive month then ended a Consolidated Debt Service Coverage Ratio at the end of each calendar quarter during the Term Loan (calculated with respect to the four full consecutive calendar quarters ending on or immediately after the calculation date) of not less than 1.50 1.25 to 1.01.00 on December 31, provided that the Borrower 1997 and its consolidated Subsidiaries shall maintain for the fiscal quarter for the shorter period from June 1on March 31, 1999 (the "Inception Date") to September 301998, 1999, and a Consolidated Debt Service Coverage Ratio not less than 1.20 of 1.50 to 1.01.00 on June 30, 1998 and thereafter.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Chrysalis International Corp)

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