Proved Collateral Coverage Ratio Sample Clauses

Proved Collateral Coverage Ratio. (i) / (ii) =
Sample 1
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Proved Collateral Coverage Ratio. The Borrower will not allow the Proved Collateral Coverage Ratio, (A) determined as of December 31, 2007, to be less than 1.25:1.0, (B) determined as of the end of June 30 and December 31 of 2008, to be less than 1.5:1.0 or (C) determined as of the end of each June 30 and December 31 thereafter or as of the effective date of any other Reserve Report delivered pursuant to this Agreement., to be less than 2.0:1.0. (d) CAPITAL EXPENDITURES. 1P CAPITAL EXPENDITURES. Permit the aggregate amount of 1P Capital Expenditures made by Holdings, the Borrower and the Subsidiaries in any fiscal year (or portion thereof) set forth below to the exceed the amount set forth below opposite such period: 91 --------------------------- --------------- Fiscal year (or portion Amount thereof) ending on ------ ------------------ --------------------------- --------------- For the period from the $20,000,000 Closing Date until December 31, 2007 --------------------------- --------------- December 31, 2008 $140,000,000 --------------------------- --------------- December 31, 2009 $100,000,000 --------------------------- --------------- December 31, 2010 $80,000,000 --------------------------- --------------- December 31, 2011 $55,000,000 --------------------------- --------------- ; PROVIDED that (A) to the extent the aggregate amount of 1P Capital Expenditures made by the Borrower and the Subsidiaries during any fiscal year set forth above is less than the amount set forth opposite such fiscal year, such shortfall (to the extent not used to make 2P Capital Expenditures as contemplated by paragraph (b) of this Section) may be carried forward and used to make 1P Capital Expenditures in the immediately subsequent fiscal year and (B) the amount that was offered to the First Lien Lenders to prepay the First Lien Obligations and the Lenders to prepay outstanding Loan Document Obligations pursuant to Section 2.12(f) but was not accepted by either the First Lien Lenders or the Lenders in respect of any fiscal year may be carried forward and used to make 1P Capital Expenditures in the immediately subsequent fiscal year to the extent not used to make 2P Capital Expenditures as contemplated by clause (ii) of this Section.
Sample 1
Proved Collateral Coverage Ratio. Company will not permit the Proved Collateral Coverage Ratio (i) determined as of September 30, 2010 to be less than 1.0 to 1.0, (ii) determined as of any time after September 30, 2010 through December 31, 2010 to be less than 1.35 to 1.0, (iii) determined as of any time after December 31, 2010 through March 31, 2011 to be less than 1.45 to 1.0, or (iv) determined as of any time thereafter to be less than 1.55 to 1.0.
Sample 1

Related to Proved Collateral Coverage Ratio

  • Collateral Coverage Ratio ‌ (i) Within ten (10) Business Days after (x) the last day of March, June, September and December of each year (beginning with December 2020) or (y) any date on which an Appraisal is delivered pursuant to clause Error! Reference source not found. of Section 5.16 (each such date in clauses (x) and (y), a “CCR Reference Date” and the tenth Business Day after a CCR Reference Date, a “CCR Certificate Delivery Date”), the Parent shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Parent containing a calculation of the Collateral Coverage Ratio (a “CCR Certificate”). (ii) If the Collateral Coverage Ratio with respect to any CCR Reference Date is less than 1.60 to 1.00, the Borrower shall, no later than ten (10) Business Days after the applicable CCR Certificate Delivery Date, (x) prepay any outstanding Loans such that following such prepayment, the Collateral Coverage Ratio with respect to such CCR Reference Date, recalculated by subtracting any such prepaid portion of the Loans, shall be no less than 1.60 to 1.00 and/or (y) designate Additional Collateral as additional Eligible Collateral and comply with Sections 5.13 and 5.15, collectively, in an amount such that following such designation, the Collateral Coverage Ratio with respect to such CCR Reference Date, recalculated by adding such Additional Collateral, shall be no less than 1.60 to 1.00. (iii) At the Parent’s request, the Lien on any Collateral will be released; provided, in each case, that the following conditions are satisfied or waived: (a) no Event of Default shall have occurred and be continuing, (b) either (x) after giving effect to such release, the Collateral Coverage Ratio is not less than 2.00 to 1.00 (or in the case of a swap or exchange of existing Additional Collateral with new Additional Collateral, less than 1.60 to 1.00) or (y) the Parent shall prepay or cause to be prepaid the Loans and/or shall designate Eligible Collateral as Additional Collateral and comply with Sections 5.13 and 5.15, collectively, in an amount necessary to cause the Collateral Coverage Ratio to not be less than 2.00 to 1.00 (or in the case of a swap or exchange of existing Additional Collateral with new Additional Collateral, less than‌

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

  • 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.

  • 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

  • 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.

  • 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.

  • 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.

  • Leverage Ratio The Borrower will not permit the Leverage Ratio to exceed 4.50 to 1.0 on the last day of any Fiscal Quarter.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

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