Funded Debt Coverage Sample Clauses

Funded Debt Coverage. Maintain as of the last day of each fiscal quarter, a maximum Funded Debt Coverage Ratio as shown below for each fiscal quarter ending during the periods indicated:
Sample 1Sample 2See All (5)
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Funded Debt Coverage. OSG and its Subsidiaries shall maintain a Funded Debt Ratio for any Test Period ending on the last day of any fiscal quarter set forth below of not greater than the ratio set forth below: FISCAL QUARTER RATIO 12/31/01 6.00:1.00 03/31/02 7.70:1.00 06/30/02 7.30:1.00 09/30/02 7.00:1.00 12/31/02 and thereafter 6.00:1.00
Sample 1See All (4)
Funded Debt Coverage. Maintain a Funded Debt Coverage Ratio at the end of each Fiscal Quarter with respect to the four (4) Fiscal Quarters then ended (other than with respect to the Fiscal Quarters ending June 30, 1998, September 30, 1998 and December 31, 1998 the Funded Debt Coverage Ratio with respect to which shall be calculated for the period commencing on the Closing Date and ending on the last day of the applicable Fiscal Quarter end) not more than (a) 3.5 to 1.0 at the end of the Fiscal Quarters ended June 30, 1998, September 30, 1998 and December 31, 1998 and (b) 3.0 to 1.0 at the end of each Fiscal Quarter thereafter.
Sample 1Sample 2
Funded Debt Coverage. Borrower agrees that it will maintain a funded debt coverage ratio, on an unconsolidated basis, of no greater than 3.50 to 1.0 on June 30, 2001 and on each September 30, December 31, March 31 and June 30 thereafter. Compliance with the foregoing shall be calculated for the periods elapsed since April 1, 2001, annualized, until the test date of March 31, 2002 and thereafter, when is shall be for the four immediately preceding quarters. For purposes of this calculation, Borrower's funded debt coverage shall mean that ratio of Borrower's funded debt to Borrower's cash flow. Borrower's funded debt shall include the principal amount of all outstanding promissory notes and capital lease obligations. Borrower's cash flow shall mean Borrower's net income before taxes on a book basis (a) plus (i) interest expense, (ii) depreciation and amortization, and (iii) other non-cash expenses, (b) less gains on the sale of assets and cash dividends.
Sample 1
Funded Debt Coverage. OSG and its Subsidiaries shall maintain a Funded Debt Ratio for any Test Period ending on the last day of any fiscal quarter set forth below of not greater than the ratio set forth below: QUARTER RATIO ------- ----- March 31, 1998 8.0:1.00 June 30, 1998 6.0:1.00 September 30, 1998 5.6:1.00 December 31, 1998 5.5:1.00 March 31, 1999 5.3:1.00 June 30, 1999 5.20:1.00 September 30, 1999 5.10:1.00 December 31, 1999 4.80:1.00 March 31, 2000 4.70:1.00 June 30, 2000 4.60:1.00 September 30, 2000 4.50:1.00 December 31, 2000 4.40:1.00 March 31, 2001 4.40:1.00 June 30, 2001 4.30:1.00 September 30, 2001 4.20:1.00 December 31, 2001 4.10:1.00 March 31, 2002 4.10:1.00 June 30, 2002 4.00:1.00 and thereafter
Sample 1

Related to Funded Debt Coverage

  • Debt Coverage Ratio Permit, as of the close of any fiscal quarter, the ratio of (a) quarterly EBITDAX to (b) Debt Service to be less than 2.50 to 1.0.

  • Interest Coverage The Borrower shall not permit the ratio of (i) Consolidated EBITDA of the Borrower for any four fiscal quarter period ending on or after June 30, 2008 to (ii) Consolidated Cash Interest Expense of the Borrower for such period to be less than 3.25 to 1.

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.

  • Cash Flow Coverage The Borrower shall maintain at all times a Cash Flow Coverage of not less than one hundred twenty five percent (125%), calculated at the end of each fiscal quarter (using a rolling four quarters of Net Income).

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Asset Coverage The Borrower will not at any time permit the aggregate amount of Total Liabilities that are Senior Securities Representing Indebtedness to exceed 33 1/3% of its Adjusted Net Assets.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 2.00 to 1 at any time.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

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