Minimum Asset Coverage Ratios Sample Clauses

Minimum Asset Coverage Ratios. (a) Permit (i) the Proved Reserve Coverage Ratio at June 30 or December 31 of any fiscal year to be less than 2.5 to 1.0 or (ii) the PDP Coverage Ratio at June 30 or December 31 of any fiscal year to be less than 0.5 to 1.0 (in the case of each of clauses (i) and (ii), commencing on June 30, 2004).
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Minimum Asset Coverage Ratios. Holdings will not permit the Proved/Probable Reserves Coverage Ratio, as of June 30 and December 31 of each year, to be less than 1.0 to 1.0.
Sample 1
Minimum Asset Coverage Ratios. (a) Holdings will not permit the Reserve Coverage Ratio as of the last day of any fiscal quarter of Holdings ending after the Funding Date to be less than 3.00:1.00. (b) Holdings will not permit the PDP Coverage Ratio as of the last day of any fiscal quarter ending (i) after the Funding Date and on or prior to September 30, 2011, to be less than 0.25:1.00 and (ii) after September 30, 2011, to be less than 0.50:1.00.
Sample 1
Minimum Asset Coverage Ratios. (a) Permit (i) the Proved Reserve Coverage Ratio at the end of any fiscal quarter to be less than 2.5 to 1.0 or (ii) the PDP Coverage Ratio at the end of any fiscal quarter to be less than 0.5 to 1.0 (in the case of each of clauses (i) and (ii), commencing with the fiscal quarter ending on June 30, 2004). (b) Permit the Debt to Reserve Amount at the end of any fiscal quarter (commencing with the fiscal quarter ending on June 30, 2004) during any period set forth below to be greater that the dollar amount set forth opposite such period below: Closing Date through December 31, 2004 $ 2.50 January 1, 2005 through December 31, 2005 $ 2.25 Thereafter $ 2.00
Sample 1
Minimum Asset Coverage Ratios. 21.23.1 Prior to the Cash Collateral Discharge Date, the Company will not permit the PV-10 UK Proved Coverage Ratio as of the last day of any fiscal quarter of the Parent ending after the first Utilisation Date to be less than 3.00:1.00. 21.23.2 Prior to the Cash Collateral Discharge Date, the Company will not permit the PV-10 UK PDP Coverage Ratio as of the last day of any fiscal quarter ending: (A) after the first Utilisation Date and on or prior to 31 December 2011, to be less than 1.10:1.00; and (B) after 31 December 2011, to be less than 1.50:1.00.
Sample 1

Related to Minimum Asset Coverage Ratios

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Minimum Debt Service Coverage Ratio as at the end of each Fiscal Quarter, the Debt Service Coverage Ratio shall not be less than 1.20 to 1.00; and

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

  • Debt Coverage Ratio Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.75 to 1.00.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Minimum Fixed Charge Coverage Ratio As of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending on March 31, 2015, Borrowers will maintain a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

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