Rent Coverage Ratio. The Lessee shall comply with the provisions of the Agreement Regarding Related Lease Transactions pertaining to Rent Coverage Ratio.
Rent Coverage Ratio. The Credit Parties shall cause the Rent Coverage Ratio, as of the end of each fiscal quarter, to be equal to or greater than 1.30 to 1.00. Notwithstanding the foregoing, to the extent that the Rent Coverage Ratio as of the end of any such fiscal quarter is less than 1.30 to 1.00, such violation shall not constitute a Default or Event of Default so long as within thirty (30) Business Days from the delivery of the information required pursuant to Section 6.02(b) and (c), the Parent Borrower delivers to the Administrative Agent a new Borrowing Base Certificate removing one or more Borrowing Base Assets from the calculation of the Borrowing Base Amount as necessary for the Credit Parties to comply with such Rent Coverage Ratio.
Rent Coverage Ratio. Only so long as the Real Property Assets leased to Ensign comprise twenty percent (20%) or more of the Net Revenue for all Real Property Assets subject to a triple-net lease, the Loan Parties shall cause the Rent Coverage Ratio, as of the last day of each Fiscal Quarter, to be equal to or greater than 1.5 to 1.00 (it being understood for the avoidance of doubt that the Rent Coverage Ratio shall not be tested for any Fiscal Quarter during which the Real Property Assets leased to Ensign comprise less than twenty percent (20%) of the Net Revenue for all Real Property Assets subject to a triple-net lease). 101
Rent Coverage Ratio. 62 11.3.2 [Intentionally Omitted]......................................................62 11.3.3 [Intentionally Omitted]......................................................62 11.3.4 [Intentionally Omitted]......................................................62 11.3.5 Current Ratio - Guarantor....................................................62 11.3.6 Net Worth of Guarantor After a Permitted Transaction or Permitted Merger.............................................................63 11.3.7 Tangible Net Worth - Guarantor...............................................63 11.3.8 No Indebtedness..............................................................63 11.3.9
Rent Coverage Ratio. The ALS Parties covenant and agree that, throughout the Term and as long as the Lessee is in possession of any Acquisition Facility in a particular
Rent Coverage Ratio. 10(b) Second Renewal Term.......................................................22.1
Rent Coverage Ratio. During the Lease Term, Guarantor shall maintain a Rent Coverage Ratio of no less than 1.5 to 1.0. "RENT COVERAGE RATIO" shall mean, for all Guarantors on a combined basis, the ratio of (i) all pre-tax income, plus (A) all rent expenses under all leases for any real property and improvements ("AGGREGATE RENT OBLIGATIONS"), plus (B) depreciation and amortization, plus (C) interest on mortgage debt, plus (D) the annual LIFO adjustment; to (ii) the Aggregate Rent Obligations plus principal and interest payments on mortgage debt. The Rent Coverage Ratio shall be calculated each fiscal quarter for the trailing twelve (12) month period on the basis of the information reported in the Internal Statements and Audited Annual Statements, as applicable.
Rent Coverage Ratio. During the Lease Term, Tenant, in aggregate with Guarantor, shall maintain a Rent Coverage Ratio (as defined herein) of no less than 1.0 to 1.0, for the three month period ending March 31, 2004, and for the three month period ending April 30, 2004 and for each rolling three-month period ending as of the end of each month thereafter. “Rent Coverage Ratio” shall mean, for Tenant and Guarantor on a combined basis, the ratio of (i) all pre-tax net income, plus (A) all rent payable under all leases for any real property and improvements (“Aggregate Rent Obligations”), plus (B) depreciation and amortization, plus (C) interest on mortgage debt, plus (D) owners’ compensation and bonuses minus the greater of: $500,000 or twenty-five one hundredths of one percent (0.25%) of revenue, plus (E) the annual LIFO adjustment; to (ii) the Aggregate Rent Obligations plus principal and interest payments on mortgage debt. The Rent Coverage Ratio shall be calculated at the beginning of each fiscal quarter on the basis of the information reported in and for the time periods covered by the Internal Statements and Audited Annual Statements (as defined in Section 10.1(d)), as applicable.
Rent Coverage Ratio. The Rent Coverage Ratio shall not be less than 1.05 to 1.00 for each of the first four Test Periods (i.e., the Test Periods ending on December 31, 2015, March 31, 2016, June 30, 2016, and September 30, 2016) and thereafter shall not be less than 1.10 to 1.00 for each of the following Test Periods. For purposes of the covenants set forth in this Appendix A, the terms listed below shall have the following meanings:
Rent Coverage Ratio. (a) As of the end of each of its fiscal quarters, Borrower shall not permit the Rent Coverage Ratio to be less than 2.00 to 1.00.
