Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis.
Appears in 6 contracts
Samples: Loan Modification Agreement (ICON Leasing Fund Twelve, LLC), Loan Modification Agreement (ICON Leasing Fund Eleven, LLC), Loan Modification Agreement (Icon Income Fund Nine LLC)
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 2.00 to 1.00 on a rolling four quarter basis.
Appears in 5 contracts
Samples: Loan Modification Agreement (ICON Leasing Fund Twelve, LLC), Loan Modification Agreement (Icon Income Fund Nine LLC), Loan Modification Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.)
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 2.00 to 1.00 on a rolling four quarter basis, effective as of December 31, 2012.
Appears in 3 contracts
Samples: Loan Modification Agreement (Icon Eci Fund Fifteen, L.P.), Loan Modification Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Loan Modification Agreement (Icon Leasing Fund Twelve, LLC)
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis.
Appears in 3 contracts
Samples: Commercial Loan Agreement (Icon Leasing Fund Twelve, LLC), Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), Commercial Loan Agreement (Icon Leasing Fund Eleven, LLC)
Minimum Debt Service Coverage Ratio. To After four complete quarters of operation, to maintain as of the end of each fiscal quarter quarter, based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 2.00 to 1.00 on a rolling four quarter basis.
Appears in 2 contracts
Samples: Commercial Loan Agreement, Commercial Loan Agreement (ICON ECI Fund Sixteen)
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, 10Q of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 2.00 to 1.00 on a rolling four quarter basis.
Appears in 2 contracts
Samples: Commercial Loan Agreement (ICON Leasing Fund Twelve, LLC), Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.)
Minimum Debt Service Coverage Ratio. To Company shall maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrowerend, a Debt Service Coverage Ratio of not less than 3.00 1.10 to 1.00 on a rolling four 1.0 commencing September 27, 2008 and for each fiscal quarter basisend thereafter.
Appears in 1 contract
Samples: Credit and Security Agreement (Merrimac Industries Inc)
Minimum Debt Service Coverage Ratio. To After four complete quarters of operation, to maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis.
Appears in 1 contract
Samples: Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.)
Minimum Debt Service Coverage Ratio. To maintain The Borrower will maintain, during each period described below, its Debt Service Coverage Ratio, determined on a consolidated basis as of at the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis., at not less than the ratio set forth opposite such period: Each fiscal quarter up to and including 9/30/07 1.25 to 1.00 12/31/07 and thereafter 1.50 to 1.00
Appears in 1 contract
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 2.00 to 1.00 on a rolling four quarter basis, effective as of December 31, 2014.
Appears in 1 contract
Samples: Loan Modification Agreement (ICON ECI Fund Sixteen)
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, Maintain a Debt Service Coverage Ratio of not less than 3.00 1.25:1.00, such ratio to 1.00 on a be measured at each Borrower fiscal quarter end for the rolling four Borrower fiscal quarter basisperiod consisting of the Borrower fiscal quarter then ending and the three immediately preceding Borrower fiscal quarters; provided that for purposes of this covenant Interest Expense shall be calculated as provided in Section 5.1.10.
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