Debt Service Coverage Ratio. Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
Appears in 2 contracts
Samples: Term Loan Agreement (Sun Communities Inc), Term Loan Agreement (Sun Communities Inc)
Debt Service Coverage Ratio. Commencing at such time as Borrower's Debt Service Coverage Ratio has been at least 1.50 to 1.00 for two consecutive fiscal quarters, Borrower shall maintain thereafter maintain, as of the last day of each fiscal quarter, a Debt Service Coverage Ratio of at least 1.35 1.50 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
Appears in 2 contracts
Samples: Loan and Security Agreement (General Magic Inc), Loan and Security Agreement (General Magic Inc)
Debt Service Coverage Ratio. Each Borrower shall maintain at all times, on a rolling four-quarter average (for each Borrower’s four most recent fiscal quarters then ended), a Debt Service Coverage Ratio of at least 1.35 to 1.00, as not less than 1.50:1.00. The first quarterly calculation and measurement of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00shall be September, as of the end of each fiscal quarter ending on or after June 30, 20122010.
Appears in 2 contracts
Samples: Loan Agreement (Summit Hotel Properties, Inc.), Loan Agreement (Summit Hotel Properties, LLC)
Debt Service Coverage Ratio. As of June 30, 2009 and as of the end of each Fiscal Quarter thereafter, the Borrower and its Subsidiaries shall maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.00 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
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Debt Service Coverage Ratio. Borrower shall must maintain a Debt Service Coverage Ratio of at least 1.35 to 1.00(a) 1.20:1, measured as of June 30, 2023, September 30, 2023, and December 31, 2023, (b) 1.25:1, measured as of March 31, 2024 June 30, 2024, September 30, 2024, and December 31, 2024, and (c) 1.30:1, measured as of March 31, 2025, and as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of Borrower’s next succeeding Fiscal Quarters throughout the end of each fiscal quarter ending on or after June 30, 2012Loan term.
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Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter ending June 30. 2010 and thereafter during the term of the Loan, based on the latest four rolling quarters, Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Borrower shall agrees to maintain a Debt Service Coverage Ratio of 1.25:1.00, measured at least 1.35 to 1.00fiscal year-end. “Debt Service Coverage Ratio” calculated as (net profit plus depreciation and amortization, as minus gain (loss) on sale of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a fixed assets) divided by $4,500,000.00. Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each will be measured beginning fiscal quarter ending on or after June 30, 2012year 2021.
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Debt Service Coverage Ratio. Borrower shall maintain maintain, on an aggregate basis with all Affiliates of Borrower, a Debt Service Coverage Ratio of at least 1.35 to 1.00Ratio, as of the end of each fiscal quarter ending on or after December 31quarter, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of commencing with the end of each fiscal quarter ending on or after June 30December 2, 2012.2000, of not less than 1.25 to 1.00; and
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Debt Service Coverage Ratio. Borrower shall will maintain a the Debt Service Coverage Ratio of at least not less than 1.35 to 1.00, . The Debt Service Coverage Ratio shall be calculated as of the end of each fiscal quarter ending on or after December 31quarter, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of commencing with the end of each fiscal quarter ending on or after which ends June 30, 2012., on a rolling twelve (12) month basis. For purposes of this section, the following terms have the following meanings:
Appears in 1 contract
Samples: Loan Agreement (Hartman Short Term Income Properties XX, Inc.)
Debt Service Coverage Ratio. Borrower shall maintain Maintain a Debt Service Coverage Ratio of at least 1.35 1.25 to 1.00, 1.00 as of the end last day of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012Borrower.
Appears in 1 contract
Samples: Loan Agreement (PCI Media, Inc.)
Debt Service Coverage Ratio. Borrower shall maintain its business in such a fashion that Borrower’s Debt Service Coverage Ratio is equal to or greater than 1.25:1.0 at the end of at least 1.35 to 1.00any fiscal year, as of measured annually at the end of each fiscal quarter ending on or after December 31year of Borrower, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of commencing with the end of each 2022 fiscal quarter ending on or after June 30, 2012year end.
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Worldwide Stages, Inc.)
Debt Service Coverage Ratio. As of the end of each fiscal quarter of the Borrower, the Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.50 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
Appears in 1 contract
Samples: Loan Agreement (Neogen Corp)
Debt Service Coverage Ratio. Borrower shall must maintain a Debt Service Coverage Ratio of at least 1.35 to 1.001.30:1, measured as of (i) [September 30,] 2020(2), and (ii) the end last day of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio Fiscal Quarter of at least 1.40 to 1.00, as of Borrower’s next succeeding Fiscal Quarters throughout the end of each fiscal quarter ending on or after June 30, 2012Loan term.
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Debt Service Coverage Ratio. Borrower Borrowers shall maintain a Debt Service Coverage Ratio for each fiscal year of the Borrowers after the Closing Date in the amount of (a) at least 1.3 to 1.0 for the fiscal year ending on January 31, 2007 and (b) at least 1.35 to 1.00, as of the end of 1.0 and for each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012year thereafter.
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Debt Service Coverage Ratio. Borrower shall maintain Maintain a Debt Service Coverage Ratio of not less than 1.25 to 1.0 at least 1.35 to 1.00, as of all times. Compliance with this covenant shall be measured at the end of each fiscal quarter ending of Borrower and be based on or after the trailing twelve month period of Borrower, commencing December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20122009.
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Debt Service Coverage Ratio. The Borrower shall will maintain at all times a Debt Service Coverage Ratio of at least 1.35 to 1.00, as of the end of each fiscal quarter ending month of the Borrower on or after December 31a rolling twelve month basis, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 1.25 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
Appears in 1 contract
Samples: Revolving Credit Loan Agreement (Aci Telecentrics Inc)
Debt Service Coverage Ratio. As of June 30, 2008 and as of the end of each Fiscal Quarter, the Borrower and its Subsidiaries shall maintain a Debt Service Coverage Ratio of at least 1.35 greater than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
Appears in 1 contract
Samples: Loan Agreement (Oak Ridge Financial Services, Inc.)
Debt Service Coverage Ratio. Borrower Borrowers shall maintain a Debt Service Coverage Ratio of at least 1.35 1.3 to 1.00, as of 1 for the end of each fiscal quarter year ending on or after December January 31, 2011 2001 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of for each fiscal quarter ending on or after June 30, 2012year thereafter.
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Debt Service Coverage Ratio. Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
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Debt Service Coverage Ratio. Borrower Borrower, on a consolidated basis, shall maintain a Debt Service Coverage Ratio of at least 1.35 to 1.00not less than 1.5:1.0, determined as of the end of each fiscal quarter Fiscal Year with respect to the annual period then ended, commencing with the Fiscal Year ending on or after December 31, 2011 and on or before March January 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
Appears in 1 contract
Samples: Credit Agreement (Qad Inc)
Debt Service Coverage Ratio. Borrower Borrower, on a consolidated basis, shall maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, 1.00 for the 12-month period ending as of the end of each fiscal quarter ending on or after December 31, 2011 2019 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, for each 12-month period ending as of the end June 30 and December 31 of each fiscal quarter ending on or after June 30, 2012year thereafter.
Appears in 1 contract
Samples: Loan Agreement (BRIX REIT, Inc.)
Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter ending June 30, 2009 and thereafter during the term of the Loan, based on the latest four rolling quarters, Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 2.00 to 1.00, as of the end of each fiscal calculated semi-annually on a rolling four-quarter ending on or after December 31basis, 2011 and on or before March 31commencing June 30, 2012, and a 1998. "Debt Service Coverage Ratio Ratio" shall mean earnings before interest, taxes, depreciation and amortization divided by the sum of at least 1.40 to 1.00, as interest expense and current maturities of the end of each fiscal quarter ending on or after June 30, 2012long term debt.
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Debt Service Coverage Ratio. Borrower shall must maintain a Debt Service Coverage Ratio of at least 1.35 to 1.001.30:1, measured as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before (i) March 31, 20122021, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of (ii) the end last day of each fiscal quarter ending on or after June 30, 2012Fiscal Quarter of Borrower’s next succeeding Fiscal Quarters throughout the Loan term.
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Debt Service Coverage Ratio. Borrower shall will maintain a Debt Service Coverage Ratio of at least 1.35 to 1.00Ratio, as of the end of each fiscal quarter year ending on or after December 31, 2011 and on or before March 312008, 2012, and a Debt Service Coverage Ratio of at least 1.40 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
Debt Service Coverage Ratio. Borrower shall be required to maintain a Debt Service Coverage Ratio of at least not less than 1.35 to 1.00, as of the end of each fiscal quarter ending determined by Lender based on or after December 31, 2011 trailing twelve (12)-month NOI and on or before March 31, 2012, and a Applied Debt Service. The Debt Service Coverage Ratio shall be calculated semi-annually on June 30th and December 31st of at least 1.40 to 1.00, as each calendar year of the end of each fiscal quarter ending on or after June 30, 2012Term.
Appears in 1 contract
Samples: Revolving Credit Loan Agreement (Global Self Storage, Inc.)
Debt Service Coverage Ratio. Borrower shall Throughout the term of the Loan, Borrowers must maintain a Debt Service Coverage Ratio of at least 1.35 equal to or greater than 1.50 to 1.00, measured as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio for the period of at least 1.40 to 1.00, as of the end of each consecutive four fiscal quarter ending on or after June 30, 2012quarters then ended.
Appears in 1 contract
Samples: Loan and Security Agreement (NewLake Capital Partners, Inc.)
Debt Service Coverage Ratio. Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 to 1.001.45:1.00, as of tested annually, beginning with the end of each fiscal quarter year ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20122013.
Appears in 1 contract
Samples: Loan and Security Agreement (Adcare Health Systems, Inc)
Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter beginning April 1, 2013, and thereafter during the term of the Loan, based on the latest four rolling quarters, the Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Borrower shall The Borrowers will maintain a Debt Service Coverage Ratio ratio of at least 1.35 not less than (i) 1.0 to 1.00, 1.0 as of the end of each fiscal quarter ending on or after December 31for the fiscal year-to-date period then ended, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 (ii) 1.1 to 1.00, 1.0 as of the end of each fiscal quarter ending on or after June 30, 2012year end for the fiscal year then ended.
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Debt Service Coverage Ratio. Borrower shall will at all times maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a . The Debt Service Coverage Ratio of at least 1.40 to 1.00, shall be calculated and tested quarterly as of the end last day of each quarter of each fiscal year of Borrower, commencing with the quarter ending December 31, 2007, and, the Debt Service Coverage Ratio shall be calculated on a cumulative basis for the four quarters ended as of such date (a “rolling or after June 30, 2012trailing four quarter” basis).
Appears in 1 contract
Samples: Loan Agreement (Spacehab Inc \Wa\)
Debt Service Coverage Ratio. Borrower shall must maintain a Debt Service Coverage Ratio of at least 1.35 to 1.001.30:1, measured as of the end of each fiscal quarter ending on or after (i) December 31, 2011 and on or before March 31, 20122019, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of (ii) the end last day of each fiscal quarter ending on or after June 30, 2012Fiscal Quarter of Borrower to end thereafter throughout the Loan term.
Appears in 1 contract
Samples: Loan Agreement
Debt Service Coverage Ratio. Borrower shall will at all times maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.50 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a . The Debt Service Coverage Ratio of at least 1.40 to 1.00, shall be calculated as of the end last day of each fiscal quarter ending month on or after June 30a cumulative basis for the twelve months ended as of such date; provided that for the first eleven months following the Closing Date, 2012the Debt Service Coverage Ratio shall be based only upon the months following the Closing Date, calculated on an annualized basis.
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Debt Service Coverage Ratio. The Borrower shall will maintain at all times a Debt Service Coverage Ratio of at least 1.35 to 1.00, as of the end of each fiscal quarter ending month of the Borrower, on a rolling basis, calculated based upon a term equal to the shorter of the previous 12 months or after December the period from August 31, 2011 and on or before March 311998, 2012, and a Debt Service Coverage Ratio through the applicable computation of at least 1.40 1.25 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
Appears in 1 contract
Samples: Revolving Credit Loan Agreement (Aci Telecentrics Inc)
Debt Service Coverage Ratio. Borrower shall maintain its business in such a fashion that Borrower’s Debt Service Coverage Ratio is equal to or greater than 1.25:1.0 at the end of at least 1.35 to 1.00any fiscal year, as of measured annually at the end of each fiscal quarter ending on or after December 31year of Borrower, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of commencing with the end of each 2024 fiscal quarter ending on or after June 30, 2012year end.
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Worldwide Stages, Inc.)
Debt Service Coverage Ratio. Borrower shall Obligors will maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.15 to 1.001.00 for the 12 month period ending June 30, 1997 and for each 12-month period ending as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012thereafter.
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