Debt Coverage Ratio. Borrowers shall maintain a Debt Coverage Ratio of not less than 1.30 to 1.0. The Debt Coverage Ratio shall be measured annually as of each fiscal year end, on a fiscal year basis.
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Samples: Loan and Security Agreement (JetPay Corp), Loan and Security Agreement (Universal Business Payment Solutions Acquisition Corp)
Debt Coverage Ratio. Borrowers shall maintain a Debt Coverage Ratio of not less than 1.30 (i) 1.20 to 1.0. The Debt Coverage Ratio shall be measured annually 1.00 as of the end of each fiscal year endquarter through and including the fiscal quarter ending September 30, 2017, and (ii) 1.30 to 1.00 as of the end of each fiscal quarter thereafter, measured on a trailing four fiscal year quarter basis.
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Debt Coverage Ratio. Commencing December 31, 2015, Borrowers shall maintain a Debt Coverage Ratio of not less than 1.30 to 1.0. The Debt Coverage Ratio shall be measured annually quarterly as of each fiscal year quarter end, on a fiscal year trailing twelve month basis.
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