Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.
Appears in 3 contracts
Samples: Inventory Loan and Security Agreement (Silverleaf Resorts Inc), Inventory Loan and Security Agreement (Silverleaf Resorts Inc), Inventory Loan and Security Agreement (Silverleaf Resorts Inc)
Debt Service Coverage Ratio. Beginning with the last day of the first quarter following the Debt Service Coverage Event, Borrower shall maintain maintain, measured as of the last day of any fiscal quarter each quarter, a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for 1.0." and substituting the period of four consecutive fiscal quarters then ended on such day.following:
Appears in 2 contracts
Samples: Loan Modification Agreement (Seachange International Inc), Loan Modification Agreement (Seachange International Inc)
Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for as of the period last day of four consecutive fiscal quarters then ended on such dayeach Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2010.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc)
Debt Service Coverage Ratio. Borrower shall maintain Permit the Debt Service Coverage Ratio, as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not the Borrower, to be less than 1.25 1.40 to 1.00 for the period of four consecutive fiscal quarters quarter period then ended on such dayending.
Appears in 2 contracts
Samples: Credit Agreement (Cogentrix Energy Inc), Credit Agreement (Cogentrix Energy Inc)
Debt Service Coverage Ratio. Borrower shall maintain Maintain, as of the last day of any each fiscal quarter quarter, on a consolidated basis a Debt Service Coverage Ratio of not less than 1.25 1.10 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
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Debt Service Coverage Ratio. Borrower shall maintain Permit the Debt Service Coverage Ratio as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not to be less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
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Debt Service Coverage Ratio. Borrower Debtor shall maintain maintain, on a consolidated basis and as of the last day of any each fiscal quarter and for the FOUR (4) fiscal quarters ending on such last day, a Debt Service Coverage Ratio of not less than 1.25 at least 1.15 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
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Debt Service Coverage Ratio. The Borrower shall will maintain as of the last day of any each fiscal quarter quarter, on a rolling four quarters basis, a Debt Service Coverage Ratio of not less greater than 1.25 or equal to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.20 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Computer Software Innovations, Inc.)
Debt Service Coverage Ratio. Borrower shall maintain Permit the Debt Service Coverage Ratio as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not Fiscal Quarter, beginning with the Fiscal Quarter ending March 31, 2011, to be less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00:1.00.
Appears in 1 contract
Samples: Credit and Guaranty Agreement (Grifols Germany GmbH)
Debt Service Coverage Ratio. Borrower Commencing on the Income Threshold Date and continuing thereafter, the Borrowers shall maintain have as of the last day of any fiscal quarter each Fiscal Quarter for the four Fiscal Quarter period then ended a Debt Service Coverage Ratio of not less than 1.25 1.20 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
Appears in 1 contract
Samples: Credit Agreement (Emeritus Corp\wa\)
Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for as of the period last day of four consecutive fiscal quarters then ended on such dayeach Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2014.
Appears in 1 contract
Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc)
Debt Service Coverage Ratio. Borrower shall will maintain as of the last day of any each fiscal quarter for the four (4) quarter period ending on that date, a Debt Service Coverage Ratio ratio of Cash Flow to the current portion of long term indebtedness, plus interest expense, equal to not less than 1.25 1.50 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
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Debt Service Coverage Ratio. Borrower shall maintain Measured as of the last day of any fiscal quarter each calendar month for the Test Period then ended, Borrower shall maintain a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such dayat least 1.25:1.00.
Appears in 1 contract
Samples: Loan and Security Agreement (Regional Health Properties, Inc)
Debt Service Coverage Ratio. The Borrower shall maintain will maintain, tested as of the last day of any each of the Borrower’s fiscal quarters for the four (4) quarter period ending on that date, a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.0.
Appears in 1 contract
Samples: Financing and Security Agreement (Healthextras Inc)
Debt Service Coverage Ratio. Borrower Borrowers and their Subsidiaries, on a consolidated basis, shall maintain a Debt Service Coverage Ratio greater than 1.50 to 1.00, determined as of the last day of any each fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 Borrowers for the rolling four (4) fiscal quarter period of four consecutive fiscal quarters then ended ending on such day, beginning with the fiscal quarter ending June 30, 2024.
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Debt Service Coverage Ratio. Borrower shall maintain Maintain a Debt Service Coverage Ratio of at least 1.50 to 1.00 as of the last day of any each fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.Borrower;
Appears in 1 contract
Samples: Loan Agreement (PCI Media, Inc.)
Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.20 to 1.00 for as of the period last day of four consecutive fiscal quarters then ended each calendar quarter beginning on such dayMarch 31, 2016.
Appears in 1 contract
Samples: Credit Agreement
Debt Service Coverage Ratio. Borrower Debtor shall maintain maintain, on a consolidated basis and as of the last day of any each fiscal quarter and for the FOUR (4) fiscal quarters ending on such last day, a Debt Service Coverage Ratio of not less than at least 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
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Debt Service Coverage Ratio. The Borrower shall will maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 (a) for the period of four (4) consecutive fiscal quarters then ended on such daythe last day of the fiscal quarter ending on June 30, 2005 of not less than 0.6 to 1.0 and (b) for each period of four (4) consecutive fiscal quarters ended on the last day of each fiscal quarter thereafter of not less than 1.2 to 1.0.
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Debt Service Coverage Ratio. Borrower shall maintain as As of the last day of any each fiscal quarter of Borrower, commencing September 30, 2016 and on last day of each subsequent fiscal quarter of Borrower, Borrower and its Subsidiaries shall have a Debt Service Coverage Ratio for the four (4) fiscal quarters then ended, of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.75:1.00.
Appears in 1 contract
Samples: Credit Agreement (Air T Inc)
Debt Service Coverage Ratio. Borrower shall maintain Maintain as of the last day of any fiscal quarter of Borrower a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Zomax Optical Media Inc)
Debt Service Coverage Ratio. Borrower shall maintain Maintain as of the last day of any each fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 at least 1.50 to 1.00 on a consolidated basis for the period of four consecutive fiscal quarters then ended on such dayBorrower and each Subsidiary that is a Guarantor, determined in accordance with GAAP.
Appears in 1 contract
Debt Service Coverage Ratio. At all times, Borrower shall will maintain as of --------------------------- the last day of any each fiscal quarter of Borrower a ratio of (a) Annualized Operating Cash Flow to (b) Debt Service Coverage Ratio of Service, which will not be less than 1.5:1 through December 31, 1997 and thereafter not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.25:1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Ids Jones Growth Partners 87-a LTD/Co/)
Debt Service Coverage Ratio. Borrower shall must maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for at least 1.30:1.00, measured as of (i) the period earlier of four consecutive fiscal quarters then ended on such day.(A) the last day of the first (1st) Fiscal Quarter of the 2021 Fiscal Year and (B) the last day of the first Fiscal Quarter after the First Amendment Date during which the Financial Covenants Benchmark is satisfied and (ii) the last day of each Fiscal Quarter of Borrower’s next succeeding Fiscal Quarters throughout the Loan term.
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Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for 1.20:1, measured quarterly as of the period last day of each fiscal quarter, on a rolling four consecutive (4) quarter basis, beginning with the fiscal quarters then ended on quarter ending December 31, 2017.
4. Section 6.10(a)(ii) of the Loan Agreement shall be amended by deleting such day.section in its entirety and replacing it as follows:
Appears in 1 contract
Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)
Debt Service Coverage Ratio. Beginning with the last day of the first ----- ---------------------------- quarter following the Debt Service Coverage Event, Borrower shall maintain maintain, measured as of the last day of any fiscal quarter each quarter, a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.0.
Appears in 1 contract
Samples: Loan and Security Agreement (Seachange International Inc)