Minimum Asset Coverage. On the last day of each calendar quarter starting with the calendar quarter ending on December 31, 2019, the ratio of Borrowing Base to the then-outstanding Loan shall be not less than 1.00 to 1.50.
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Samples: Loan and Security Agreement (Amyris, Inc.), Loan and Security Agreement (Amyris, Inc.)
Minimum Asset Coverage. On the last day of each calendar quarter starting with the calendar quarter ending on December 31, 2019, the ratio of Borrowing Base to the then-outstanding Loan and any outstanding Indebtedness pursuant to the Naxos LSA shall be not less than 1.00 to 1.50.
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Minimum Asset Coverage. On the last day of each calendar quarter starting with the calendar quarter ending on December 31, 2019, the ratio of Borrowing Base to the then-outstanding Term Loan and any outstanding Indebtedness pursuant to the Foris LSA shall be not less than 1.00 to 1.50.
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Minimum Asset Coverage. On the last day of each calendar quarter starting with the calendar quarter ending on December 31, 2019, the ratio of Borrowing Base to the then-outstanding Term Loan and any outstanding Indebtedness pursuant to the Foris LSA shall be not less than 1.00 to 1.501.00.
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Minimum Asset Coverage. On the last day of each calendar quarter starting with the calendar quarter ending on December 31, 2019, the ratio of Borrowing Base to the then-outstanding Term Loan and the Naxos Debt shall be not less than 1.00 to 1.501.00.
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