Portfolio Coverage Ratio Sample Clauses

Portfolio Coverage Ratio. Tenant shall maintain, as of the end of each fiscal quarter commencing with the fiscal quarter ending on June 30, 2005, a Portfolio Coverage Ratio of not less than 1.00 to 1.00 calculated for all periods on a trailing twelve month basis. It shall be an Event of Default under this Lease if Tenant shall fail to maintain as of the end of each fiscal quarter a Portfolio Coverage Ration of not less than 1.00 to 1.00; provided, however, that it shall not be an Event of Default hereunder, if (i) the Portfolio Coverage Ratio is greater than or equal to .75 to 1.00, and (ii) within fifteen (15) days following the date on which Tenant was required to deliver its computation of the Portfolio Coverage Ratio for such fiscal quarter, Amberleigh Tenant deposits with Landlord cash or a Letter of Credit in an amount that, had such amount been added to the Cash Flow for such 12-month period, the Portfolio Coverage Ratio for such period would have been equal to 1.00 to 1.00 (the "Difference"). The Difference will be held by Landlord as an addition to the Security Deposit and applied, held and returned by Landlord in accordance with the provisions of Section 3.4; provided, however, that if after the payment by Tenant to Landlord of the Difference, the Portfolio Coverage Ratio of 1.00 to 1.00 is satisfied for the two (2) most recent consecutive fiscal quarters and no Event of Default has occurred and no Potential Default is continuing, then Landlord shall, upon Tenant's written request, promptly return to Tenant any unapplied Difference then held by Landlord. Notwithstanding the foregoing, Tenant shall not have the ability to cure a breach of the Portfolio Coverage Ratio by depositing the Difference for more than three (3) consecutive fiscal quarters.
Sample 1
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Portfolio Coverage Ratio. Tenant shall maintain for each fiscal quarter for the year a Portfolio Coverage Ratio of not less than 1.20 to 1.00.
Sample 1
Portfolio Coverage Ratio. Tenant shall maintain for each fiscal quarter for the year set forth below a Portfolio Coverage Ratio of not less than the following:
Sample 1Sample 2
Portfolio Coverage Ratio. As of the last day of each Test Period, commencing with the calendar quarter ending December 31, 2015, the Portfolio Coverage Ratio shall not be less than 2.2 to 1.0.
Sample 1Sample 2
Portfolio Coverage Ratio. Tenant shall maintain, for each twelve (12) month period ending at the end of a fiscal quarter of Tenant (each such 12 month period ending as aforesaid, a “Test Period”), a Portfolio Coverage Ratio of not less than:
Sample 1
Portfolio Coverage Ratio. Section 15.7.2 of the Lease is hereby deleted in its entirety and substituted with the following: Tenant shall maintain for each fiscal quarter for the year set forth below a Portfolio Coverage Ratio of not less than the following:
Sample 1
Portfolio Coverage Ratio. Notwithstanding Section 6.12.1 of the Lease, Landlord and Tenant agree that (i) it shall not be an Event of Default if, as of any Testing Date during the Seasoning Period (defined below) (but not any Testing Date after the Seasoning Period (defined below)), Tenant fails to maintain a Portfolio Coverage Ratio that is equal to or greater than the Minimum Rent Coverage Ratio and (ii) Tenant shall not be required to deposit the Additional Deposit if, as of any Testing Date during the Seasoning Period (but not any Testing Date after the Seasoning Period), Tenant fails to maintain a Portfolio Coverage Ratio that is equal to or greater than the Minimum Rent Coverage Ratio, so long as any such Portfolio Coverage Ratio is equal to or greater than 1.00 to 1.00. It shall be an immediate Event of Default if as of any Testing Date (whether before, during, or after the Seasoning Period) Tenant fails to maintain a Portfolio Coverage Ratio equal to or greater than 1.00 to 1.00. As used in this Third Amendment, “Seasoning Period” shall mean the period commencing as of the Commencement Date and expiring on September 30, 2018.
Sample 1
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Portfolio Coverage Ratio. Tenant shall maintain, for each Test Period, a Portfolio Coverage Ratio of not less than 1.1 to 1.0; provided, however, that, (i) for each Test Period that ends during the First Lease Year, the Portfolio Coverage Ratio shall be not less than 0.8 to 1.0, (ii) for each Test Period that ends during the second Lease Year, the Portfolio Coverage Ratio shall be not less than 0.9 to 1.0 and (iii) for each Test Period that ends during the third Lease Year, the Portfolio Coverage Ratio shall be not less than 1.0 to 1.0. If Tenant fails to maintain a Coverage Ratio and/or Portfolio Coverage Ratio that satisfy(ies) the above referenced requirements for a particular Test Period, Tenant shall not be considered in default of this Section 8.2.5 provided and on the condition that all of the following conditions and requirements are met: (i) If such Test Period ends during the Initial Term, Tenant has not failed to maintain a Coverage Ratio and/or Portfolio Coverage Ratio that satisfy(ies) the above referenced requirements with respect to four (4) other previous Test Periods ending during the Initial Term, or, if such test Period ends during an Extended term, Tenant has not failed to maintain a Coverage Ratio and/or Portfolio Coverage Ratio that satisfy(ies) the above referenced requirements with respect to any other previous Test Period ending during such Extended Term. (ii) Within ten (10) days after receipt of a written notice from Landlord specifying that Tenant has failed to maintain a Coverage Ratio and/or Portfolio Coverage Ratio that satisfy(ies) the above referenced requirements, Tenant deposits with Landlord an additional Security Deposit (herein, a “Coverage Based Security Deposit”), in cash or in the form of a Letter of Credit satisfying the requirements of Section 3.4 above. Such Coverage Based Security Deposit shall be in the amount by which the Cash Flow from each of the Facilities would have needed to be higher in order for both the Coverage Ratio and the Portfolio Coverage Ratio, for such Test Period, to have satisfied the above referenced requirements. (iii) In the event Landlord holds a Coverage Based Security Deposit pursuant to this Section 8.2.5 and, for a subsequent Test period, the above referenced Coverage Ratio and Portfolio Coverage Ratio requirements are satisfied, Landlord shall, promptly after receipt of reasonably satisfactory evidence of the foregoing and provided no Event of Default exists, return to Tenant the Coverage Based Security Depos...
Sample 1
Portfolio Coverage Ratio. Section 8(k) of the Lease Guaranty is hereby deleted in its entirety and replaced with the following: If Tenants shall fail to maintain as of the end of each fiscal quarter a Portfolio Coverage Ratio (as defined below) of not less than 1.10 to 1. 00 in breach of Section 8.2.8 of any of the Leases, subject to Tenant's rights to cure such "Event of Default" as provided in Section 8.2.8 of such Leases.
Sample 1

Related to Portfolio Coverage Ratio

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.

  • Debt Coverage Ratio Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.75 to 1.00.

  • 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.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

  • 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

  • Fixed Charge Coverage Ratio The Borrower will not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter for the four fiscal quarters ending on that date, to be less than 1.25 to 1.0.

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