Common use of Minimum Debt Service Coverage Clause in Contracts

Minimum Debt Service Coverage. Borrowers shall not permit the Debt Service Coverage to be less than 1.45 to 1.0 at all times. Such covenant shall be tested on a quarterly basis commencing on September 30, 2013, and continuing on the last day of each quarter thereafter until the Final Maturity Date. The initial calculation shall be based upon a trailing three months with each successive test aggregating the prior period or periods until a trailing twelve months is achieved.

Minimum Debt Service Coverage. Borrowers Borrower shall not permit the Debt Service Coverage to be less than 1.45 1.35 to 1.0 at all timestimes thereafter. Such covenant shall be tested on a quarterly basis commencing on September 30March 31, 2013, and continuing on the last day of each quarter thereafter until the Final Maturity Date. The initial calculation shall be based upon a trailing three months with each successive test aggregating the prior period or periods until a trailing twelve months is achieved.