Common use of Minimum Asset Coverage Ratio Clause in Contracts

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

Minimum Asset Coverage Ratio. Borrower Borrowers shall maintain at all times a minimum ratio of unrestricted cash maintained at Bank plus all Eligible Accounts to all Obligations owing to Bank (the “Asset Coverage Ratio”) of at least 1.25 1.50 to 1.00, measured on a monthly basis; provided however that on and after Eligible Accounts shall only be included in the payment of any distribution permitted under Section 7.6 of this Agreement, Borrower shall maintain a minimum Asset Coverage Ratio at Bank’s discretion, following the completion of at least 1.50 an audit of Borrower’s Accounts and related Collateral and the results of which are satisfactory to 1.00Bank.

Minimum Asset Coverage Ratio. Borrower shall maintain at all times a minimum ratio of (i) unrestricted cash maintained in its accounts 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 1.25 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 1.40 : 1.00.