Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of the end of each Fiscal Quarter.
Appears in 3 contracts
Samples: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as of December 31, 2021 and Debt Service Coverage Ratio to be less than 1.25:1.00 as of the last day of each Fiscal Quarter thereafterany fiscal quarter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of commencing with the end of each Fiscal Quarterfiscal quarter ending December 31, 2013.
Appears in 2 contracts
Samples: Credit Agreement (Orion Energy Systems, Inc.), Credit Agreement (Orion Energy Systems, Inc.)
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of the end of each Fiscal Quarterperiod of four consecutive fiscal quarters to be less than 2.00 to 1.00, commencing with the four fiscal quarter ending on or about July 31, 2005.
Appears in 2 contracts
Samples: Credit Agreement (Plato Learning Inc), Credit Agreement (Plato Learning Inc)
Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending Beginning as of December 31Borrower's fiscal quarter ended February 28, 2021 2005, and at all times thereafter during the term of the loan, maintain a Debt Service Coverage Ratio equal to or greater than 1.20:1, which ratio shall be calculated based on Borrower's 10-Q and 10-K Reporting and measured as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve fiscal quarter of Borrower for the immediately preceding twelve-month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of the end of each Fiscal Quarterperiod.
Appears in 2 contracts
Samples: Term Loan Agreement (Hei Inc), Term Loan Agreement (Hei Inc)
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as of December 31, 2021 and Debt Service Coverage Ratio to be less than 1.25:1.00 as of the last day of each Fiscal Quarter thereafterany fiscal quarter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of commencing with the end of each Fiscal Quarterfiscal quarter ending June 30, 2015.
Appears in 2 contracts
Samples: Credit Agreement (Orion Energy Systems, Inc.), Credit Agreement (Orion Energy Systems, Inc.)
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of the end of each Fiscal Quarterany fiscal quarter of the Borrower, commencing with the fiscal quarter ending September 30, 2023, to be less than 1.10:1.00.
Appears in 2 contracts
Samples: Credit Agreement (Ciner Enterprises Inc.), Credit Agreement (Sisecam Chemicals USA Inc.)
Debt Service Coverage Ratio. Commencing As at the end of any fiscal quarter commencing with the Fiscal Quarter quarter ending as of December March 31, 2021 and as of 2016, the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as for the four (4) consecutive fiscal quarters of the end of each Fiscal QuarterBorrowers ending on such date shall not at any time be less than 1.25:1.00.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Agreement (Lojack Corp)
Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, Borrower shall maintain a trailing twelve month Debt Service Coverage Ratio for the fiscal quarter ending September 30, 1997, and each fiscal quarter thereafter through the fiscal quarter ended December 31, 1999, of greater not less than 1.35 1.10 to 1.00 1.00, and for each fiscal quarter thereafter of not less than 1.25 to 1.00. In calculating Cash Flow as part of the end computation of each Fiscal Quarter.Debt Service Coverage Ratio for purposes of determining compliance with Schedule 7.15
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Debt Service Coverage Ratio. Commencing with on September 13, 1996, permit the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater to be less than 1.35 1.50 to 1.00 as of 1 at the end of each Fiscal Quarterfiscal quarter of the Company during the term of this Agreement.
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Debt Service Coverage Ratio. Commencing As of the end of each fiscal quarter commencing with the Fiscal Quarter fiscal quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter2006, maintain a trailing twelve month Debt Service Coverage Ratio of greater not less than 1.35 1.50 to 1.00 as of based upon the end of each Fiscal Quarterquarterly and audited financial statements herein required delivered on a timely basis.
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Debt Service Coverage Ratio. Commencing As at the end of each fiscal quarter of the Borrowers, commencing with the Fiscal Quarter fiscal quarter ending as of December March 31, 2021 and as of the last day of each Fiscal Quarter thereafter2003, Borrowers shall maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 at least 1.25:1, measured (i) with respect to 1.00 as of the end of fiscal quarters ending March 31, 2003, and June 30, 2003, on an annualized cumulative basis for the nine months and twelve months (respectively) ending on such dates, and (ii) with respect to each Fiscal Quarterfiscal quarter thereafter, on a rolling four quarter basis.
Appears in 1 contract
Samples: Loan and Security Agreement (Providence Service Corp)
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as Debt Service Coverage Ratio of December 31the Borrowers on a consolidated basis to be less than 1.20 to 1.0, 2021 and as of on the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as fiscal quarter of the end Borrowers, measured on the basis of each Fiscal Quarterthe twelve (12) month period immediately preceding the date of such computation, commencing with the fiscal period ending on December 31, 2012.
Appears in 1 contract
Samples: Credit Agreement (Diversified Restaurant Holdings, Inc.)
Debt Service Coverage Ratio. Commencing As at the end of any fiscal quarter commencing with the Fiscal Quarter quarter ending as of December 31, 2021 and as of 2009, the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as for the four (4) consecutive fiscal quarters of the end of each Fiscal QuarterBorrowers ending on such date shall not at any time be less than 1.25:1.00.
Appears in 1 contract
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of at the end of any Fiscal Quarter set forth below to be less than the ratio set forth below opposite such Fiscal Quarter: September 30, 2020 1.00:1.00 December 31, 2020 and each Fiscal Quarter.Quarter thereafter 1.25:1.00
Appears in 1 contract
Samples: Credit Agreement (Team Inc)
Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain Maintain a trailing twelve month Debt Service Coverage Ratio (tested quarterly, beginning with the quarter that ends on December 31, 1997) of greater not less than 1.35 1.5 to 1.00 as 1.0. The initial Debt Service Coverage Ratio shall be calculated for the twelve-month period ending December 31, 1997, and all subsequent quarterly calculations of the end of each Fiscal QuarterDebt Service Coverage Ratio shall be calculated on a rolling twelve-month basis.
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Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending as of December 31, 2021 and Maintain as of the last day of each Fiscal Quarter thereafterfiscal quarter of the Borrower, maintain commencing with the fiscal quarter ending on September 30, 1996, a trailing twelve month minimum Debt Service Coverage Ratio, calculated for the immediately preceding four fiscal quarters, of at least: Fiscal Quarter Required Ending On Ratio of greater than 1.35 September 30, 1996 1.00 to 1.00 as of the end of each Fiscal Quarter.1.0 December 31, 1996 1.40 to 1.0 March 31, 1997 and thereafter 1.50 to 1.0
Appears in 1 contract
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 Ratio, determined as of the end of each of its Fiscal QuarterQuarters for the then most-recently ended four Fiscal Quarters, commencing with the first Fiscal Quarter ending October 31, 2004, to be less than 1.10 to 1.00.
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Debt Service Coverage Ratio. Commencing Beginning with the Fiscal Quarter calendar quarter ending as of December 31, 2021 2013 and calculated as of the last day date of each Fiscal Quarter thereaftercalendar quarter thereafter for so long as any Credit Exposure exists, maintain a trailing twelve month the Debt Service Coverage Ratio of greater shall not be less than 1.35 1.40 to 1.00 as of the end of each Fiscal Quarter1.00.
Appears in 1 contract
Samples: Credit and Security Agreement (Skilled Healthcare Group, Inc.)
Debt Service Coverage Ratio. Commencing As at the end of each Fiscal Quarter of the Borrowers, commencing with the Fiscal Quarter ending as of December 31June 30, 2021 and as of the last day of each Fiscal Quarter thereafter2005, Borrowers shall maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 at least 1.25:1, measured with respect to 1.00 as each fiscal quarter on the basis of the end of each Fiscal Quarterfour fiscal quarters then ended.
Appears in 1 contract
Samples: Loan and Security Agreement (Providence Service Corp)
Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 Maintain as of the end of each Fiscal Quartercalendar quarter, beginning with December 31, 2007, a Debt Service Coverage Ratio for the 12-month period ending at the end of such quarter of not less than 1.25 to 1.
Appears in 1 contract
Samples: Term Loan Agreement (Corvu Corp)
Debt Service Coverage Ratio. Commencing with the Fiscal Quarter ending Beginning as of December 31Borrower’s fiscal quarter ended February 28, 2021 2006, and at all times thereafter during the term of the loan, maintain a Debt Service Coverage Ratio equal to or greater than 1.20:1, which ratio shall be calculated based on Borrower’s 10-Q and 10-K Reporting and measured as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve fiscal quarter of Borrower for the immediately preceding twelve-month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of the end of each Fiscal Quarterperiod.
Appears in 1 contract
Samples: Term Loan Agreement (Hei Inc)
Debt Service Coverage Ratio. Commencing with Permit the Fiscal Quarter Debt Service Coverage Ratio of the Borrowers and their subsidiaries to be less than 2.00:1.00 for each four consecutive fiscal quarter period ending as of December 31, 2021 and as of on the last day of each Fiscal Quarter thereafterfiscal quarter, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of commencing with the end of each Fiscal Quarterfiscal quarter ending March 31, 1999.
Appears in 1 contract
Samples: Credit Agreement (Airxcel Inc)
Debt Service Coverage Ratio. Commencing with As of any fiscal quarter end, permit the Fiscal Quarter ending as of December 31, 2021 and as of the last day of each Fiscal Quarter thereafter, maintain a trailing twelve month Debt Service Coverage Ratio on such date for the period of greater four (4) consecutive fiscal quarters ending on or immediately prior to such date to be less than 1.35 1.10 to 1.00 as of the end of each Fiscal Quarter1.0 for all such four-quarter periods ending on and before December 31, 2001, and 1.20 to 1.0 for all for all such four-quarter periods ending on and after March 31, 2002.
Appears in 1 contract
Samples: Credit Agreement (United States Lime & Minerals Inc)
Debt Service Coverage Ratio. Commencing with the Fiscal Quarter fiscal quarter of Borrower ending as of December 31, 2021 and continuing thereafter, Borrower shall maintain its Debt Service Coverage Ratio, as of measured on the last day of each Fiscal Quarter thereafterfiscal quarter of Borrower for the period of twelve (12) consecutive calendar months then ended, maintain a trailing twelve month Debt Service Coverage Ratio of greater than 1.35 to 1.00 as of at not less the end of each Fiscal Quarter1.50:1.00.
Appears in 1 contract
Samples: Loan Agreement (Blackboxstocks Inc.)