Minimum Consolidated Project Yield Sample Clauses

Minimum Consolidated Project Yield. Parent shall have, as of the last day of each Fiscal Quarter for the four Fiscal Quarter period then ended during each period set forth below (other than with respect to the Fiscal Quarter ending June 30, 2011, which Consolidated Project Yield shall be computed based on the three Fiscal Quarter period then ended times four thirds (4/3), a Consolidated Project Yield of not less than the minimum percentage set forth opposite such period: From June 30, 2011 to March 31, 2012 8.50% From June 30, 2012 to March 31, 2013 9.00% From June 30, 2013 and thereafter 9.50%
Sample 1
AutoNDA by SimpleDocs
Minimum Consolidated Project Yield. Parent shall not have, on the last day of each period set forth below, a Consolidated Project Yield less than the minimum ratio set forth opposite such period:
Sample 1
Minimum Consolidated Project Yield. Parent shall have, as of the last day of each Fiscal Quarter for the four Fiscal Quarter period then ended during each period set forth below (other than with respect to the Fiscal Quarter ending June 30, 2011, which Consolidated Project Yield shall be computed based on the three Fiscal Quarter period then ended times four thirds (4/3), a Consolidated Project Yield of not less than the minimum percentage set forth opposite such period: From June 30, 2011 to March 31, 2012 8.50 % From June 30, 2012 to June 30, 2014 9.00 % From September 30, 2014 and thereafter 9.50%” (c) ARTICLE V of the Credit Agreement is hereby further amended by adding the following new Section 5.2:
Sample 1
Minimum Consolidated Project Yield. Commencing on January 1, 2012 and continuing thereafter, the Borrowers shall have as of the last day of each Fiscal Quarter for the two Fiscal Quarter period then ended during each period set forth below a Consolidated Project Yield of not less than the percentage set forth opposite such period: From January 1, 2012 to December 31, 2012 7.5% From January 1, 2013 and thereafter 9.5% In the event that, the Consolidated Project Yield is not satisfied on any date tested the Borrowers shall repay the Loan by the amount of Consolidated Excess Cash Flow shown on the most recently delivered Compliance Certificate within 5 Business Days. In the event such Default continues for any 2 consecutive Fiscal Quarters, the Borrowers shall take one or more of the below actions in order to satisfy such Default within 5 Business Days: (i) prepay the Loan in part pursuant to the requirements set forth in this Agreement in an amount sufficient to comply with the Consolidated Project Yield; and/or (ii) deposit cash collateral with the Administrative Agent in an amount sufficient (for calculation purposes such deposited cash collateral shall be deemed to reduce the outstanding balance of the Loan on such date) to comply with the Consolidated Project Yield; provided, that so long as no Default has occurred and is continuing, the Administrative Agent shall release such cash collateral upon the Borrowers obtaining a Consolidated Project Yield for 2 consecutive Fiscal Quarters that meets the requirements of Section 5.1 above; provided, further, that if a Event of Default has occurred and is continuing, the Administrative Agent may (A) hold such cash collateral even if the Borrowers obtain a Consolidated Project Yield that meets the requirements of Section 5.1 above, and/or (B) apply such cash collateral to prepay the Loan.
Sample 1

Related to Minimum Consolidated Project Yield

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Tangible Net Worth Borrower shall not permit Consolidated Tangible Net Worth to be less than $600,000,000 plus eighty-five percent (85%) of the Net Proceeds of any Equity Issuance received after the Agreement Execution Date.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • 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.

  • 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 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

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!