Common use of Minimum Asset Coverage Ratio Clause in Contracts

Minimum Asset Coverage Ratio. Borrower shall maintain at all times a ratio of (i) unrestricted cash in its accounts at Bank plus Eligible Accounts plus the Guaranteed Amount to (ii) all outstanding Obligations owing to Bank (the “Asset Coverage Ratio”) of at least 1.40 : 1.00.

Minimum Asset Coverage Ratio. Borrower shall maintain at all times a minimum ratio of (i) unrestricted cash in its accounts maintained at Bank plus all Eligible Accounts plus the Guaranteed Amount to (ii) all outstanding Obligations owing to Bank (the “Asset Coverage Ratio”) of at least 1.40 : 1.25 to 1.00, measured on a monthly basis; provided however that on and after the payment of any distribution permitted under Section 7.6 of this Agreement, Borrower shall maintain a minimum Asset Coverage Ratio of at least 1.50 to 1.00.

Minimum Asset Coverage Ratio. Borrower Borrowers shall maintain at all times a ratio of (i) unrestricted cash in its accounts maintained at Bank plus all Eligible Accounts plus the Guaranteed Amount to (ii) all outstanding Obligations owing to Bank (the “Asset Coverage Ratio”) of at least 1.40 : 1.50 to 1.00, measured on a monthly basis; provided however that Eligible Accounts shall only be included in the Asset Coverage Ratio at Bank’s discretion, following the completion of an audit of Borrower’s Accounts and related Collateral and the results of which are satisfactory to Bank.

Minimum Asset Coverage Ratio. Borrower shall maintain maintain, at all times and measured monthly, a ratio of (i) unrestricted cash in its accounts at Bank plus Eligible Accounts plus the Guaranteed Amount Borrower’s unrestricted cash maintained with Bank to (ii) all outstanding Obligations owing to Bank (less the “Asset Coverage Ratio”) Guaranteed Amount, of at least 1.40 : to 1.00.