Common use of Debt Service Ratio Clause in Contracts

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 ------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement (Malibu Entertainment Worldwide Inc)

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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 ------------- ------------- 3/31/99 (4.01.50) : 1.0 ------------------------------------------------------1 6/30/99 0.00 : 1 9/30/99 0.25 : 1 12/31/99 0.35 : 1 3/31/2000 0.50 : 1 As of the end of each quarter thereafter 1.00 : 1 "

Appears in 1 contract

Samples: Loan and Security Agreement (Malibu Entertainment Worldwide Inc)

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) ------------- ------------- 6/30/98 0.0 : 1 9/30/98 0.0 : 1 12/31/98 0.0 : 1 3/31/99 0.0 : 1 6/30/99 0.0 : 1 9/30/99 1.0 ------------------------------------------------------: 1 As of the end of each quarter thereafter 1.0 : 1

Appears in 1 contract

Samples: Loan and Security Agreement (Malibu Entertainment Worldwide Inc)

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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 ------------------------------------------------------1.0

Appears in 1 contract

Samples: Loan and Security Agreement (Malibu Entertainment Worldwide Inc)

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