Common use of Minimum Debt Service Coverage Ratio Clause in Contracts

Minimum Debt Service Coverage Ratio. Borrower will maintain as of the end of each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then ending, a Debt Service Coverage Ratio of not less than 1.25 to 1.0.

Appears in 2 contracts

Samples: Loan Agreement (Wildfire New PubCo, Inc.), Loan Agreement (Wildfire New PubCo, Inc.)

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Minimum Debt Service Coverage Ratio. Borrower Borrower, together with the other Companies, will maintain maintain, during each period described below, the Debt Service Coverage Ratio, determined as of at the end of each Fiscal Year (commencing with fiscal quarter, at not less than the Fiscal Year ending December 31, 2020), for the twelve-month period then ending, a ratio set forth opposite such period: Period Minimum Debt Service Coverage Ratio of not less than 1.25 6 months ending 11/03 1.10 to 1.0.1.00 9 months ending 2/04 1.20 to 1.00 12 months ending 5/04 and every fiscal quarter-end thereafter on a trailing 12 month basis 1.20 to 1.00

Appears in 2 contracts

Samples: Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

Minimum Debt Service Coverage Ratio. Specified Borrower will maintain as of on a consolidated basis shall have at the end of each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingQuarter, a Debt Service Coverage Ratio for the 12-month period then ended (or with respect to the Fiscal Quarters ending on or before June 30, 1999, the period commencing on July 1, 1998 and ending on the last day of such Fiscal Quarter) of not less than 1.25 1.30 to 1.01.0 for any such period.

Appears in 1 contract

Samples: Credit Agreement (Hometown Auto Retailers Inc)

Minimum Debt Service Coverage Ratio. Borrower The Borrowers will maintain maintain, on a consolidated basis, during each year-to-date period described below, their Debt Service Coverage Ratio, determined as of at the end of each Fiscal Year (commencing with period, at not less than the Fiscal Year ratio set forth opposite such period: Year-to-date period ending December 31, 2020), for the twelve-month period then ending, a Minimum Debt Service Coverage Ratio of not less than 1.25 March 31, 2002 1.50 to 1.0.1.00 June 30, 2002 1.75 to 1.00 September 30, 2002 1.75 to 1.00 December 31, 2002 1.75 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Medtox Scientific Inc)

Minimum Debt Service Coverage Ratio. Borrower will maintain A minimum Debt Service Coverage ratio for any twelve (12) consecutive months ending as of the end of each Fiscal Year (commencing with the Fiscal Year ending Measurement Date as follows: Measurement Date Ratio ---------------- ----- From Closing Date through December 31, 2020)2001 1.00 to 1.0 From January 1, for the twelve-month period then ending2002 through December 31, a Debt Service Coverage Ratio of not less than 1.25 2002 1.05 to 1.0 From January 1, 2003 and thereafter 1.10 to 1.0.

Appears in 1 contract

Samples: Note Purchase Agreement (Numatics Inc)

Minimum Debt Service Coverage Ratio. Borrower will maintain shall maintain, during each period described below, a cumulative Debt Service Coverage Ratio, determined as of at the end of each Fiscal Year (commencing with the Fiscal Year ending December 31period, 2020), for the twelve-month period then ending, a Debt Service Coverage Ratio of not less than the ratio set forth for each such period: Min. Debt Service Period Coverage Ratio Cumulative six months ending June 30, 2009 .54 to 1.00 Min. Debt Service Period Coverage Ratio Cumulative nine months ending September 30, 2009 1.25 to 1.0.1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Pure Earth, Inc.)

Minimum Debt Service Coverage Ratio. Borrower The Borrower, on a consolidated basis with its Subsidiaries, will maintain maintain, during each period described below, its Debt Service Coverage Ratio, determined as of at the end of each Fiscal Year (commencing with such period, at not less than the Fiscal Year ending December 31, 2020), for the twelve-month period then ending, a ratio set forth opposite such period: Minimum Debt Service Coverage Period Ratio of not less than 1.25 1/1/04 through 3/31/04 0.85 to 1.0.1.00 1/1/04 through 6/30/04 0.90 to 1.00 1/1/04 through 9/30/04 1.00 to 1.00 1/1/04 through 12/31/04 1.10 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Schuff International Inc)

Minimum Debt Service Coverage Ratio. Borrower will maintain as of Borrower's on a consolidated basis shall have at the end of each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingQuarter, a Debt Service Coverage Ratio for the 12-month period then ended (or with respect to the Fiscal Quarters ending on or before June 30, 1999, the period commencing on July 1, 1998 and ending on the last day of such Fiscal Quarter) of not less than 1.25 (x) 2.00 to 1.0, for any such period ending on or prior to December 31, 1999, and (y) 1.50 to 1.0, for any such period thereafter.

Appears in 1 contract

Samples: Credit Agreement (Hometown Auto Retailers Inc)

Minimum Debt Service Coverage Ratio. Borrower The Borrowers will maintain maintain, on a consolidated basis, during each year-to-date period described below, their Debt Service Coverage Ratio, determined as of at the end of each Fiscal Year (commencing with period, at not less than the Fiscal Year ratio set forth opposite such period: Year-to-date period ending December 31, 2020), for the twelve-month period then ending, a Minimum Debt Service Coverage Ratio of not less than 1.25 June 30, 2003 0.40 to 1.0.1.00 September 30, 2003 0.55 to 1.00 December 31, 2003 0.85 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Medtox Scientific Inc)

Minimum Debt Service Coverage Ratio. The Borrower will maintain maintain, during each period described below, its Debt Service Coverage Ratio for its U.S. operations, determined as of at the end of each Fiscal Year (commencing with such period, at not less than the Fiscal Year ratio set forth opposite such period: Period Minimum Debt Service Coverage Ratio The nine months ending September 30, 2004 0.48 to 1.00 The twelve months ending December 31, 2020), for the twelve-month period then ending, a Debt Service Coverage Ratio of not less than 1.25 2004 0.72 to 1.0.1.00 "

Appears in 1 contract

Samples: Credit and Security Agreement (Dynamic Materials Corp)

Minimum Debt Service Coverage Ratio. Borrower will maintain as of the end of Company shall maintain, during each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingdescribed below, a Debt Service Coverage Ratio Ratio, determined on a rolling twelve-month basis, of not less than 1.25 the ratio set forth for each such period: Period Min. Debt Service Coverage Ratio Through December 31, 2010 1.20 to 1.0.1.00 Through March 31, 2011 0.80 to 1.00 Through June 30, 2011 0.80 to 1.00 Through September 30, 2011 0.90 to 1.00 Through December 31, 2011 1.10 to 1.00

Appears in 1 contract

Samples: And Security Agreement (Nortech Systems Inc)

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Minimum Debt Service Coverage Ratio. Borrower will maintain as of the end of Company shall maintain, during each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingdescribed below, a Debt Service Coverage Ratio Ratio, determined on a rolling twelve-month basis, of not less than 1.25 the ratio set forth for each such period: Period Min. Debt Service Coverage Ratio Through March 31, 2012 1.00 to 1.0.1.00 Through June 30, 2012 1.00 to 1.00 Through September 30, 2012 1.00 to 1.00 Through December 31, 2012 1.20 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

Minimum Debt Service Coverage Ratio. Borrower will maintain as of and its Subsidiaries shall have on a consolidated basis at the end of each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingQuarter set forth below, a Debt Service Coverage Ratio for the 12-month period then ended (or with respect to the Fiscal Quarters ending on or before May 31, 2000, the period commencing on June 1, 1999, and ending on the last day of such Fiscal Quarter) of not less than 1.25 to 1.0.the following:

Appears in 1 contract

Samples: Credit Agreement (510152 N B LTD)

Minimum Debt Service Coverage Ratio. The Borrower will maintain as maintain, for each period from the first day of the end fiscal year containing the following indicated months to the last day of each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingsuch month, a Debt Service Coverage Ratio Ratio, of not less than 1.25 the ratio set forth opposite such month in the table below: Year-to-Date Period Ending the Last Day of Minimum Debt Service Coverage Ratio June, 2007 1.45 to 1.0.1.00 September, 2007 3.50 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Delphax Technologies Inc)

Minimum Debt Service Coverage Ratio. The Borrower will maintain as of the end of maintain, during each Fiscal Year (commencing with the Fiscal Year ending December 31period described below, 2020), for the twelvemeasured on a year-month period then endingto-date basis, a Debt Service Coverage Ratio Ratio, determined as at the end of each quarter, of not less than 1.25 the ratio set forth for each such period: Quarter Minimum Debt Service Coverage Ratio Quarter ending June 30, 2006 0.15 to 1.0.1.00 Quarter ending September 30, 2006 0.20 to 1.00 Quarter ending December 31, 2006 0.28 to 1.00 Quarter ending March 31, 2007 1.00 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Provena Foods Inc)

Minimum Debt Service Coverage Ratio. Borrower will maintain as of the end of Company shall maintain, during each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingdescribed below, a Debt Service Coverage Ratio Ratio, determined as at the end of each fiscal quarter, of not less than 1.25 the ratio set forth for each such period: Period Min. Debt Service Coverage Ratio Through June 30, 2010* 1.20 to 1.01.00 Through June 30, 2010 0.80 to 1.00 Through September 30, 2010 1.20 to 1.00 Through December 31, 2010 1.20 to 1.00 * As adjusted for anticipated $2,250,000 tax refund, expected to be received in June 2010.

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

Minimum Debt Service Coverage Ratio. The Borrower will maintain as of the end of maintain, during each Fiscal Year (commencing with the Fiscal Year ending December 31, 2020), for the twelve-month period then endingdescribed below, a Debt Service Coverage Ratio Ratio, determined as at the end of each month, of not less than the ratio set forth for each such period: Period Minimum Debt Service Coverage Ratio September 1, 2008 through November 30, 2008 1.15 to 1.00 September 1, 2008 through February 28, 2009 1.25 to 1.0.1.00 September 1, 2008 through May 30, 2009 1.47 to 1.00 Fiscal Year Ending August 31, 2009 1.76 to 1.00

Appears in 1 contract

Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)

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