Debt Service Coverage. Borrower shall maintain as of the last day of each calendar month, beginning September 30, 1997, a debt service coverage ratio of no less than 1.5:1 for the previous twelve calendar month period; provided, that such ratio is calculated on an annualized basis during the first twelve months following the Closing Date.
Appears in 6 contracts
Samples: Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp), Loan and Security Agreement (Physician Health Corp)
Debt Service Coverage. Borrower shall maintain maintain, as of the last day of each calendar month, beginning September 30commencing with the calendar month ending on March 31, 1997, a debt service coverage ratio Debt Service Coverage Ratio of no less than 1.5:1 at least 1.75 to 1.0 for the previous twelve calendar each month period; providedfrom March through November, that such ratio is calculated on an annualized basis during the first twelve months following the Closing Dateand at least 1.50 to 1.0 for each month from December through February.
Appears in 1 contract
Samples: Loan and Security Agreement (Questron Technology Inc)
