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"
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Samples: Loan Agreement (Gristedes Foods Inc)
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 June 3March 4, 2001 From June 4March 5, 2001 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"
(h) Section 5.03(g) of the Agreement is hereby deleted in its entirety and replaced as follows:
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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 June December 3, 2001 2000 From June December 4, 2001 2000 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"
(n) Section 5.03(g) of the Agreement is hereby deleted in its entirety and replaced as follows:
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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 ------ ------------------ From the date of the Fifth Amendment to the Agreement 1.20 to 1.00 until November 2927, 1999 From November 28, 1999 until 1.30 1.60 to 1.00 June December 2, 2000 From December 3, 2001 From June 4, 2001 2000 until 2.65 to 1.00 December 1, 2001 From December 2, 2001 and 2.75 to 1.00 thereafter"
(w) Section 5.03(g) of the Agreement is hereby deleted in its entirety and replaced as follows:
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