Common use of Interest/Rent Coverage Ratio Clause in Contracts

Interest/Rent Coverage Ratio. The Borrower will maintain, as of the end of each Test Period, commencing with the Test Period ended on September 30, 2019, an Interest/Rent Coverage Ratio of not less than the Interest/Rent Coverage Ratio set forth below for such Test Period:

Appears in 3 contracts

Samples: Credit Agreement (Pennant Group, Inc.), Credit Agreement (Pennant Group, Inc.), Credit Agreement (Pennant Group, Inc.)

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Interest/Rent Coverage Ratio. The Borrower will maintain, as of the end of each Test Period, commencing with the Test Period ended on September 30, 2019, an Interest/Rent Coverage Ratio of not less than the Interest/Rent Coverage Ratio set forth below for such Test Period:1.50:1.00.

Appears in 3 contracts

Samples: Credit Agreement (Ensign Group, Inc), Credit Agreement (Ensign Group, Inc), Credit Agreement (Pennant Group, Inc.)

Interest/Rent Coverage Ratio. The Borrower will maintain, as of the end last day of each Test Period, commencing with the Test Period ended ending on September 30, 20192014, an Interest/Rent Coverage Ratio of not less than the Interest/Rent Coverage Ratio set forth below for such Test Period:1.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Ensign Group, Inc)

Interest/Rent Coverage Ratio. The Borrower will maintain, as of the end of each Test Period, commencing with the Test Period ended on September June 30, 20192016, an Interest/Rent Coverage Ratio of not less than the Interest/Rent Coverage Ratio set forth below for such Test Period:1.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Ensign Group, Inc)

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Interest/Rent Coverage Ratio. The Borrower will maintain, as of the end of each Test Period, commencing with the Test Period ended on September 30, 20192024, an Interest/Rent Coverage Ratio of not less than the Interest/Rent Coverage Ratio set forth below for such Test Period:1.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Pennant Group, Inc.)

Interest/Rent Coverage Ratio. The Borrower will maintain, as of the end last day of each Test Period, commencing with the Test Period ended ending on September 30March 31, 20192016, an Interest/Rent Coverage Ratio of not less than the Interest/Rent Coverage Ratio set forth below for such Test Period:1.50:1.00.

Appears in 1 contract

Samples: Credit Agreement (Ensign Group, Inc)

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