Common use of Minimum Debt Service Coverage Ratio Clause in Contracts

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e) of the Credit Agreement, as of the Reporting Date, the Borrowers' Debt Service Coverage Ratio was [ ] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Netlist Inc)

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Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e6.2(c) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ ] _____ to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 1.1 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Global Employment Holdings, Inc.)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e6.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ ] ]to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 1.15 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (MGP Ingredients Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e5.2(e) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio was [ [______] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 to 1.00 1.0 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Merrimac Industries Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e5.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio was [ ] ______ to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 1.25 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Gvi Security Solutions Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e6.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ ] ]to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 to 1.00 the applicable ratio set forth in the table below on the Reporting Date.:

Appears in 1 contract

Samples: Credit and Security Agreement (MGP Ingredients Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e5.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio was [ ] to 1.00, o which o satisfies o does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Iridex Corp)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e6.2(c) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ ] to 1.00, which o ¨ satisfies o ¨ does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 on the Reporting Dateapplicable ratio set forth in Section 6.2(c) of the Credit Agreement.

Appears in 1 contract

Samples: Credit and Security Agreement (Provena Foods Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e5.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio was [ ] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Iridex Corp)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e6.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ [___] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 the applicable ratio set forth in the table below on the Reporting Date.:

Appears in 1 contract

Samples: Credit and Security Agreement (Hei Inc)

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Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e5.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio was [ ] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 to 1.00 the applicable ratio set forth in the table below on the Reporting Date: * 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. Pursuant to Section 6.2(e6.2(a) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ ] to 1.00, 1.00 which o ¨ satisfies o ¨ does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 1.20:1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Corsair Components, Inc.)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e) of the Credit Agreement, as of the Reporting Date, the Borrowers' Debt Service Coverage Ratio was [ ] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no less than 1.10 1.20 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Netlist Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e6.2(a) of the Credit Agreement, as of the Reporting Date, the Borrowers' Borrower’s Debt Service Coverage Ratio was [ ] to 1.00, 1.00 which o satisfies o does not satisfy the requirement that such ratio be no less than 1.10 1.20 to 1.00 on the Reporting Date.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e8(a) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio measured on a rolling twelve-month basis was [ ] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 to 1.00 on the applicable ratio set forth in the table below for such period as of the Reporting Date.:

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(e5.2(b) of the Credit Agreement, as of the Reporting Date, the Borrowers' Company’s Debt Service Coverage Ratio measured on a rolling twelve-month basis was [ ] to 1.00, which o satisfies o does not satisfy the requirement that such ratio be no not less than 1.10 to 1.00 on the applicable ratio set forth in the table below for such period as of the Reporting Date.:

Appears in 1 contract

Samples: Credit and Security Agreement (Nortech Systems Inc)

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