Common use of Funded Debt Ratio Clause in Contracts

Funded Debt Ratio. Permit the Funded Debt Ratio of the Borrower as calculated for the Borrower and its Subsidiaries at the end of each fiscal quarter on a rolling four quarter basis to exceed 2.50 to 1.00.

Funded Debt Ratio. Permit the Funded Debt Ratio of the Borrower as calculated for the Borrower and its Subsidiaries at the end of each fiscal quarter on a rolling four quarter basis to exceed 2.50 2.00 to 1.00; provided, that in the event that all outstanding amounts evidenced by the Note are secured by cash pursuant to such documentation as required by Lender, then this financial covenant shall not be applicable.