Debt to Rental Revenue. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee Borrower's Debt to the Borrower's Rental Revenue, shall not exceed 5.5:1.0; and
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Debt to Rental Revenue. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee Borrower's Debt to the Borrower's Rental Revenue, shall not exceed 5.5:1.0; and
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Samples: Guaranty Agreement (Aaron Rents Inc)
Debt to Rental Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, ,] [On the last day of each calendar quarter] the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, Revenue shall not exceed 5.5:1.0; and[ ]:1.0.4
Appears in 1 contract
Debt to Rental Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, thereafter,][On the last day of each calendar quarter] the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, shall not exceed 5.5:1.0; and[_____]:1.0. 2
Appears in 1 contract
Samples: Servicing Agreement (Aaron's Inc)
Debt to Rental Revenue. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee the Borrower's ’s Debt to the Borrower's ’s Rental Revenue, shall not exceed 5.5:1.0; and
Appears in 1 contract
Debt to Rental Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, thereafter,][On the last day of each calendar quarter] the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, shall not exceed 5.5:1.0; and[__]:1.0.9
Appears in 1 contract
Samples: Loan Facility Agreement and Guaranty (Aaron's Company, Inc.)
Debt to Rental Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, thereafter,][On the last day of each calendar quarter] the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, Revenue shall not exceed 5.5:1.0; and[__]:1.0.3
Appears in 1 contract
Samples: Servicing Agreement (Aaron's Inc)
Debt to Rental Revenue. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, shall not exceed 5.5:1.0; and
Appears in 1 contract
Debt to Rental Revenue. [Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, thereafter,][On the last day of each calendar quarter] the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, Revenue shall not exceed 5.5:1.0; and[__]:1.0.4
Appears in 1 contract
Samples: Loan Facility Agreement and Guaranty (Aaron's Company, Inc.)
Debt to Rental Revenue. Commencing on the first day of the calendar quarter in which the first day of the 19th month following the Opening Date of the first store location of any Established Franchisee Borrower occurs and measured as of the last day of the calendar quarter in which such 19th month occurs and on the last day of each calendar quarter thereafter, the ratio of such Established Franchisee Borrower's ’s Debt to the Borrower's ’s Rental Revenue, shall not exceed 5.5:1.0; and
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