Debt Service Ratio. In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.00, a ratio of (i) net income plus interest, depreciation, amortization, unfunded capital expenditures, and cash taxes paid, calculated based on the three (3) month period ending as of the date tested, to (ii) principal and interest expense with respect to the Obligations, calculated based on the three (3) month period ending as of the date tested, of greater than 1.25 to 1.0." and inserting in lieu thereof the following:
Debt Service Ratio. Permit the ratio of (i) Consolidated Cash Flow to (ii) Consolidated Fixed Charges, as such terms are defined herein and as calculated pursuant to Exhibit N hereto, to be less than 1.25 to 1.00 as of the end of each fiscal quarter of the Borrower.
Debt Service Ratio. The Operating Partnership will not permit the ratio of Consolidated Income Available for Debt Service to Interest Expense for the period consisting of the four consecutive fiscal quarters ended on the most recent Reporting Date to be less than 1.5:1 as of such Reporting Date.
Debt Service Ratio. The Borrower will not permit at any time the Debt Service Ratio for any period of four consecutive trailing fiscal quarters ending prior to such time to be less than 1.5 to 1.0.
Debt Service Ratio. Commencing with the quarter ending March 31, 2010, Borrower shall maintain, tested as of the end of each fiscal quarter during the term of the Loan, a Debt Service Ratio for the Facility of not less than 1.20 to 1.0
Debt Service Ratio. A Debt Service Ratio for the Relevant Measuring Period of not less than the relevant amount set forth in the following table, measured on a fiscal quarter-end basis: ------------------------------------------------------ Period Ending Minimum Ratio ====================================================== 12/31/97 (4.0) : 1.0 ------------------------------------------------------
Debt Service Ratio. The Borrower and Guarantors will maintain at all times, on a consolidated basis, a minimum Debt Service Ratio of not less the following, such ratio to be tested quarterly: Period Debt Service Ratio ------ ------------------ From November 29, 1999 until 1.30 to 1.00 June 3, 2001 From June 4, 2001 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"
Debt Service Ratio. Permit the Debt Service Ratio to be less than 110% as of the last day of any calendar year; provided that if the Debt Service Ratio is less than 110% as of the last day of any calendar year, a plan must be implemented pursuant to Section 4.03 of the Indenture.
Debt Service Ratio. A debt service ratio that is equal to or greater than 1.2 to 1, defined as earnings before interest, income taxes, depreciation and amortization divided by the current portion of long-term debt plus interest expense; provided, however, that for each of the ITT ESI fiscal quarters ended June 30, 2013, through December 31, 2014 (the “Suspension Period”), compliance with this debt service ratio covenant is not required, and the failure to comply with this debt service ratio covenant during the Suspension Period shall not require an increase in Collateralization Percentage pursuant to Section 6.3 of the Agreement;
Debt Service Ratio. Permit, as of the close of each fiscal quarter ending on or after December 31, 1999, the ratio of (a) the sum of EBITDA for such fiscal quarter plus cash equity investments made to Xxxxxxxx or to the Borrower during such fiscal quarter to (b) Debt Service for such fiscal quarter to be less than 1.10 to 1.00.
