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, and amortization, minus unfunded capital expenditures, and minus 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:
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)
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, and amortization, minus unfunded capital expenditures, and minus 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:
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)
Debt Service Ratio. In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.001,300,000.00, a ratio of (i) net income plus interest, depreciation, and amortization, minus unfunded capital expenditures, and minus 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:
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)
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, and amortization, minus unfunded capital expenditures, and minus 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:"
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)
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, and amortization, minus unfunded capital expenditures, and minus 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:"
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)
Debt Service Ratio. In the event that the amount of Borrower's unrestricted cash maintained at Bank is less than $1,200,000.001,300,000.00, a ratio of (i) net income plus interest, depreciation, and amortization, minus unfunded capital expenditures, and minus 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:"
Appears in 2 contracts
Samples: Loan Modification Agreement (Constant Contact, Inc.), Loan Modification Agreement (Constant Contact, Inc.)