Common use of Debt Service Ratio Clause in Contracts

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 ------ ------------------ Fiscal year ended 1.30 to 1.00 November 28, 1999 From November 29, 1999 until 1.30 to 1.00 December 3, 2000 From December 4, 2000 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"

Appears in 1 contract

Samples: Loan Agreement (Gristedes Sloans Inc /De)

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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 ------ ------------------ Fiscal year ended 1.30 From the date of the Fifth Amendment to the Agreement 1.20 to 1.00 until November 27, 1999 From November 28, 1999 From November 29, 1999 until 1.30 1.60 to 1.00 December 32, 2000 From December 43, 2000 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"

Appears in 1 contract

Samples: Loan Agreement (Gristedes Sloans Inc /De)

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 ------ ------------------ Fiscal year ended 1.30 to 1.00 November 28, 1999 From November 29, 1999 until 1.30 to 1.00 December 3, 2000 From December March 4, 2000 2001 From March 5, 2001 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"

Appears in 1 contract

Samples: Loan Agreement (Gristedes Sloans Inc /De)

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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 ------ ------------------ Fiscal year ended 1.30 to 1.00 November 28, 1999 From November 29, 1999 until 1.30 to 1.00 December June 3, 2000 2001 From December June 4, 2000 2001 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"

Appears in 1 contract

Samples: Loan Agreement (Gristedes Foods Inc)

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