Minimum Asset Coverage Ratio. Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) (i) at any time up to an including the period ending on December 31, 2015 to be less than 0.80 to 1.00, (ii) at any time after December 31, 2015 and up to an including the period ending on March 31, 2016 to be less than 0.90 to 1.00, and (iii) at any time thereafter to be less than 1.30 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement, Credit Agreement (Medical Transcription Billing, Corp)
Minimum Asset Coverage Ratio. Permit permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) (i) at any time up to an including the period ending on December 31, 2015 to be less than 0.80 (i) for the period beginning up to 1.00and including August 31, 2014, 0.90 to 1.00 at all times, (ii) at any time after December 31, 2015 and for the period beginning up to an and including the period ending on March 31June 30, 2016 2015, 1.00 to be less than 0.90 to 1.001.00 at all times, and (iii) thereafter, 1.10 to 1.00 at any time thereafter to be less than 1.30 to 1.00all times.β
Appears in 2 contracts
Samples: Credit Agreement (Greenwood Hall, Inc.), Credit Agreement (Greenwood Hall, Inc.)
Minimum Asset Coverage Ratio. Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) July 31, 2016)
(i) at any time up to an and including the period ending on December 31, 2015 2016 to be less than 0.80 0.75 to 1.00, (ii) at any time after December 31, 2015 2016 and up to an and including the period ending on March 31, 2016 2017 to be less than 0.90 to 1.00, and (iii) at any time thereafter to be less than 1.30 1.00 to 1.00.
Appears in 1 contract
Samples: Credit Agreement (Medical Transcription Billing, Corp)
Minimum Asset Coverage Ratio. Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Amendment Effective Date) to be less than: (i) 0.70 to 1.00 at any time up to an all times from the Amendment Effective Date through and including the period fiscal month ending on December August 31, 2015 to be less than 0.80 to 1.00, 2016; (ii) 0.80 to 1.00 at any time after December 31, 2015 and up to an including all times beginning at the period end of the fiscal month ending on March August 31, 2016 to be less than 0.90 to 1.00through and including the fiscal month ending November 30, 2016; and (iii) 1.00 to 1.00 at any time thereafter to be less than 1.30 to 1.00all times after the fiscal month ending November 30, 2016.
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Samples: Credit Agreement (Identiv, Inc.)
Minimum Asset Coverage Ratio. Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) (i) at any time up to an including the period ending on December 31, 2015 to be less than 0.80 1.10 to 1.00, (ii) 1.00 at any time after December 31, 2015 and up to an including the period ending on March 31, 2016 to be less than 0.90 to 1.00, and (iii) at any time thereafter to be less than 1.30 to 1.00all times.β
Appears in 1 contract
Samples: Credit Agreement (Identiv, Inc.)
Minimum Asset Coverage Ratio. Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) (i) at any time up to an including the period ending on December 31, 2015 to be less than 0.80 1.10 to 1.00, (ii) 1.00 at any time after December 31, 2015 and up to an including the period ending on March 31, 2016 to be less than 0.90 to 1.00, and (iii) at any time thereafter to be less than 1.30 to 1.00all times.
Appears in 1 contract
Minimum Asset Coverage Ratio. Permit permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) (i) at any time up to an including the period ending on December 31, 2015 to be less than 0.80 (i) up to 1.00and including August 31, 2014, 0.90 to 1.00 at all times, (ii) at any time after December up to and including October 31, 2015 and up 2014, 1.00 to an including the period ending on March 31, 2016 to be less than 0.90 to 1.001.00 at all times, and (iii) at any time thereafter to be less than thereafter, 1.30 to 1.001.00 at all times.
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