Minimum DSCR Sample Clauses

Minimum DSCR. DSCR at the end of each fiscal quarter shall not be less than 1.40:1.0;
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Minimum DSCR. The Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.00 to 1.00 as of the last day of any fiscal quarter.”
Sample 1
Minimum DSCR. NRFC shall not permit DSCR at the end of each fiscal quarter of NFRC to be less than 1.5:1.0.
Sample 1
Minimum DSCR. In the event that the Debt Service Coverage Ratio is, at any time, less than 1.00:1.00 for the trailing twelve (12)-month period, as measured as of the end of any calendar quarter (an “Minimum DSCR Event”), Borrower shall, within thirty (30) days of notice from Administrative Agent of the existence of an Minimum DSCR Event, either (i) prepay the Loans in amount sufficient to produce a Debt Service Coverage Ratio in excess of 1.10:1 for the trailing twelve (12)-month period (the “Minimum DSCR”) or (ii) deliver to Administrative Agent a Letter of Credit, sufficient to produce, if the proceeds of such Letter of Credit were applied to the Loans, to produce a Debt Service Coverage Ratio in excess of the Minimum DSCR.
Sample 1
Minimum DSCR. Borrower defaults under any of its obligations under Section 9.27 of this Agreement, subject to the cure rights afforded herein.
Sample 1
Minimum DSCR. Either (i) 1.2x if calculated prior to the Stabilization Date or (ii) 1.25x if calculated on or after the Stabilization Date.
Sample 1
Minimum DSCR. The (i) Prior to June 30, 2024, the Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.00 to 1.00 as of the last day of any fiscal quarter. (ii) From and after June 30, 2024 until June 30, 2025, the Borrower shall not permit the Debt Service Coverage Ratio to be less than 1.50 to 1.00 as of the last day of any fiscal quarter; provided, however, with respect to this Section 10.1(c)(ii), the Borrower shall be permitted up to two (2) instances from and after the Third Amendment Effective Date until June 30, 2025 to allow the Debt Service Coverage Ratio (as determined on the last day of each fiscal quarter) to be less than 1.50 to 1.00 but greater than or equal to 1.35 to 1.00 (a “DSCR Surge”). (iii) Thereafter, the Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.00 to 1.00 as of the last day of any fiscal quarter.
Sample 1
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Minimum DSCR. 1.68% based on the ratio of (a) Lender's determination of sustainable net operating income, adjusted for applicable reserves for the trailing 12 month period ending October 31, 2001, to (b) the debt service under the Loan assuming an interest rate of 8.00%. Lender will reduce the Loan Amount if (i) yields on the One- Month LIBOR exceed 4.00% at Initial Rate Determination in order to maintain a Minimum DSCR or 1.68%, or (ii) Lender determination of sustainable net operating income is reduced. (For informational purposes only, One-Month LIBOR is approximately 2.10% on the date of this Commitment.)
Sample 1

Related to Minimum DSCR

  • Minimum Debt Service Coverage Ratio as at the end of each Fiscal Quarter, the Debt Service Coverage Ratio shall not be less than 1.20 to 1.00; and

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."

  • Minimum Balance Xxxxxxxx agrees to maintain a minimum balance of funds in the Settlement Account as Processor may specify to Merchant in writing from time to time.

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

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