Minimum Debt Service Ratio. The Company will not permit the Debt Service Ratio to be, as of the end of any Measurement Period, (a) less than 2.25 to 1.00 for the Measurement Period ended October 31, 2013, and (b) less than 2.50 to 1.00 thereafter.
Appears in 3 contracts
Samples: Note Purchase Agreement (UTi WORLDWIDE INC), Letter of Credit Agreement (UTi WORLDWIDE INC), Amended and Restated Letter of Credit and Cash Draw Agreement (UTi WORLDWIDE INC)
Minimum Debt Service Ratio. The Company will not permit the Debt Service Ratio to be, as of the end of any Measurement Period, (a) less than 2.25 to 1.00 for the Measurement Period ended October 31, 2013, and (b) less than 2.50 to 1.00 thereafter1.00.
Appears in 3 contracts
Samples: Letter of Credit and Cash Draw Agreement (UTi WORLDWIDE INC), Note Purchase Agreement (UTi WORLDWIDE INC), Letter of Credit Agreement (UTi WORLDWIDE INC)
Minimum Debt Service Ratio. The Company Borrower will not permit the Debt Service Ratio to be, as of the end of any Measurement Period, (a) less than 2.25 to 1.00 for the Measurement Period ended October 31, 2013, and (b) less than 2.50 to 1.00 thereafter1.00.
Appears in 1 contract
Samples: Credit Agreement (UTi WORLDWIDE INC)
Minimum Debt Service Ratio. The Company will not permit the Debt Service Ratio to be, as of the end of any Measurement Period, (a) less than 2.25 to 1.00 for the Measurement Period ended October 31, 2013, and (b) less than 2.50 to 1.00 thereafter.1.00. Section 10.13
Appears in 1 contract
Samples: Letter of Credit Agreement
