Common use of Minimum Debt Service Coverage Ratio Clause in Contracts

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall maintain a Debt Service Coverage Ratio of at least 1.25:1.00 measured quarterly as of the last day of each quarter.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Solarcity Corp)

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Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall maintain as of the last day of any calendar quarter a Debt Service Coverage Ratio of at least 1.25:1.00 measured quarterly as not less than 1.25 to 1.00 for the period of the last day of each quarterfour consecutive calendar quarters then ended on such day.

Appears in 1 contract

Samples: Receivables Loan and Security Agreement (Silverleaf Resorts Inc)

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, The Borrower shall will maintain a minimum Debt Service Coverage Ratio of at least 1.25:1.00 1.25 to 1.0 as calculated quarterly on each Payment Date after the Closing Date, in each case, as measured quarterly as of based on both (i) the quarter then ended and (ii) the twelve month period ending on the last day of each such quarter.

Appears in 1 contract

Samples: Financing Agreement (Imperium Renewables Inc)

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, The Borrower shall will maintain a its Debt Service Coverage Ratio of at least 1.25:1.00 measured quarterly Ratio, determined as of the last day of each quarterMeasurement Date, at or above 1.25 to 1.00.

Appears in 1 contract

Samples: Revolving Credit Agreement (Zareba Systems Inc)

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall maintain maintain, as of each fiscal quarter end calculated for the twelve (12) month period ending on the last day of such fiscal quarter, a Debt Service Coverage Ratio of at least 1.25:1.00 measured quarterly as of the last day of each quarternot less than 1.20 to 1.00.

Appears in 1 contract

Samples: Credit and Security Agreement (Command Security Corp)

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower Company shall maintain a Debt Service Coverage Ratio of at least 1.25:1.00 not less than 1.25 to 1.0, measured quarterly as of the last day of each quarterquarter for the four quarters then most recently ended.

Appears in 1 contract

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

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Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall will maintain a minimum Debt Service Coverage Ratio of at least 1.25:1.00 measured 1.25:1.0 as calculated quarterly as of on each Payment Date after the last day of each quarterClosing Date.

Appears in 1 contract

Samples: Financing Agreement (Panda Ethanol, Inc.)

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall will at all times maintain a Debt Service Coverage Ratio of at least 1.25:1.00 measured not less than 1.15 to 1.00. The Debt Service Coverage Ratio will be calculated and tested quarterly as of the last day of each quarterfiscal quarter of Borrower , commencing with the fiscal quarter ending September 30, 2019 for the period of four quarters ended as of such date (a rolling or trailing four quarters basis).

Appears in 1 contract

Samples: Construction and Term Loan Agreement (Sharps Compliance Corp)

Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall will at all times maintain a Debt Service Coverage Ratio of at least 1.25:1.00 measured not less than 1.15 to 1.00. The Debt Service Coverage Ratio will be calculated and tested quarterly as of the last day of each quarterfiscal quarter of Borrower, commencing with the fiscal quarter ending March 31, 2021, for the period of four quarters ended as of such date (a rolling or trailing four quarters basis).

Appears in 1 contract

Samples: Term Loan Agreement (Sharps Compliance Corp)

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