Rent Coverage Ratio of Lessee Sample Clauses

Rent Coverage Ratio of Lessee. The Lessee shall maintain for each Fiscal Quarter, beginning with the Fiscal Quarter commencing January 1, 1999, a Rent Coverage Ratio equal to or greater than 1.2 to 1.
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Rent Coverage Ratio of Lessee. For each calendar quarter, ----------------------------- Lessee and the Swanton Lessee shall maintain a combined Rent Coverage Ratio equal to or greater than 1.25 to 1.
Rent Coverage Ratio of Lessee. The Lessee shall comply with the provisions o the Agreement Regarding Related Transactions pertaining to Rent Coverage Ratio.
Rent Coverage Ratio of Lessee. For each fiscal quarter commencing with the seventh fiscal quarter after the ALF Conversion Date, the Lessee shall maintain a Rent Coverage Ratio equal to or greater than 1.2 to 1.
Rent Coverage Ratio of Lessee. The Lessee shall maintain with respect to the Leased Property, a Rent Coverage Ratio equal to or greater than 1.3 to 1.
Rent Coverage Ratio of Lessee. For each fiscal quarter, the Lessee shall maintain, with respect to the Medical Office Building, a MOB Rent Coverage Ratio equal to or greater than 1.0 to 1 and for each fiscal quarter, commencing with the seventh fiscal quarter after the SNF Conversion Date, the Lessee shall maintain, with respect to the Skilled Nursing Facility, a SNF Rent Coverage Ratio equal to or greater than 1.3 to 1.
Rent Coverage Ratio of Lessee. For each fiscal quarter commencing with the seventh fiscal quarter after the SNF Conversion Date, the Lessee shall maintain a Rent Coverage Ratio equal to or greater than 1.2 to 1.
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Rent Coverage Ratio of Lessee. Commencing with the first Fiscal Quarter after the Commencement Date and for each Fiscal Quarter thereafter during the remainder of the Term, the CHC Lessees shall maintain a combined Debt Coverage Ratio with respect to the Hawthorn Mortgaged Property equal to or greater than 1.25 to 1.

Related to Rent Coverage Ratio of Lessee

  • 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 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

  • 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

  • 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.

  • 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.

  • 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.

  • 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

  • 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.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

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