Required Ratio. Compliance yes/no 2 Applicable Margin for the Reference Period ended , 20 )
Required Ratio. Compliance yes/no
Required Ratio. Period Ending Ratio ---------------------------------------------------------------- September 30, 2000 1.10 to 1.00 ---------------------------------------------------------------- December 31, 2000 1.10 to 1.00 ---------------------------------------------------------------- March 31, 2001 1.10 to 1.00 ---------------------------------------------------------------- June 30, 2001 1.10 to 1.00 ---------------------------------------------------------------- September 30, 2001 1.15 to 1.00 ---------------------------------------------------------------- December 31, 2001 1.20 to 1.00 ---------------------------------------------------------------- March 31, 2002 1.30 to 1.00 ---------------------------------------------------------------- June 30, 2002 1.40 to 1.00 ----------------------------------------------------------------
Required Ratio. 1.50 to 1.00 as of the end of each fiscal quarter. As of the Reporting Date, Borrower’s quarterly consolidated Debt Service Coverage Ratio (calculated as shown on attached work sheet) was to 1.00 .
Required Ratio. 1.25 to 1.00 as of the end of each fiscal quarter. As of the Reporting Date, Borrower’s quarterly consolidated Fixed Charge Coverage Ratio (calculated as shown on attached work sheet) was to 1.00.
Required Ratio. PERIOD ENDING MINIMUM RATIO -------------------------------------------------------- December 31, 1999 2.00 to 1.00 -------------------------------------------------------- March 31, 2000 2.00 to 1.00 -------------------------------------------------------- June 30, 2000 2.00 to 1.00 -------------------------------------------------------- September 30, 2000 2.00 to 1.00 -------------------------------------------------------- December 31, 2000 2.25 to 1.00 -------------------------------------------------------- March 31, 2001 2.25 to 1.00 -------------------------------------------------------- June 30, 2001 2.25 to 1.00 -------------------------------------------------------- September 30, 2001 2.25 to 1.00 -------------------------------------------------------- December 31, 2001 and thereafter 2.50 to 1.00 -------------------------------------------------------- *Other non-cash and one-time non-recurring items which may be added back to EBITDAR require the consent of the Administrative Agent and if they exceed $5,000,000 in any year require consent of 66.67% of the Lenders by pro rata shares of the Loan. ATTACHMENT 4 Period Ending: ____________, ______ Minimum Liquid Assets Value of unrestricted cash, cash equivalents and marketable securities $_______________ Required Value: not less than the greater of (a) 90 days of Debt Service, or (b) $25,000,000. EXHBIT G-8 165 EXHIBIT H LIST OF ASSETS HELD FOR SALE as of March 14, 2000 Xxxxxxx xx Xxxxxxx, XX Xxxrise of Shahawn (Tiffen), OH Sunrise of Rochester, MN Sunrise of Bismark Commons, ND Sunrise of Bismark Cottages, ND Sunrise of Buffalo Cottages, MN Sunrise of Waterloo, IA Sunrise of Mankxxx, XX Xxxxxxx xx Xxxx Xxxxx, XX Xxnrise Regional Office Building, Columbus, OH
Required Ratio. Period Ending Maximum Ratio ------------- ------------- June 30, 2001 6.50 to 1.00 September 30, 2001 6.50 to 1.00 December 31, 2001 6.50 to 1.00 March 31, 2002 6.00 to 1.00 June 30, 2002 6.00 to 1.00 September 30, 2002 6.00 to 1.00 December 31, 2002 6.00 to 1.00 March 31, 2003 5.50 to 1.00 and thereafter
Required Ratio. Period Ending Ratio -------------------------------------------------------------- June 30, 2001 1.15 to 1.00 -------------------------------------------------------------- September 30, 2001 1.20 to 1.00 -------------------------------------------------------------- December 31, 2001 1.30 to 1.00 -------------------------------------------------------------- March 31, 2002 1.40 to 1.00 -------------------------------------------------------------- June 30, 2002 1.50 to 1.00 -------------------------------------------------------------- *EBITDAR means earnings before interest, taxes, depreciation, amortization, and Rent. Any calculation of such ratio shall at all times (i) exclude non-cash reserves for general and/or professional liability claims and the costs associated therewith, (ii) exclude all non-cash income arising from the contribution of assets to a joint venture, (iii) except as provided in (vi) hereafter, include cash payments made for general and/or professional liability claims and the costs associated therewith (iv) exclude non-cash "marx xx market" adjustments related to the J.P. Xxxxxx xxd SunTrust Swaps not to exceed $1,200,000 in the aggregate, net of taxes, over the life of the J.P. Xxxxxx xxd SunTrust Swaps, (v) exclude the $1,227,000 in pre-tax loss for debt prepayment penalty and $762,000 pre-tax ordinary loss each in connection with the sale of the Rossmoor Regency Facility, (vi) exclude the one-time $1,200,000 expense for liability insurance "nose coverage" paid to Technical Risk, Inc., (vii) exclude any gain or loss on the sale of the Pecan Park Facility or any other Facility identified to be sold in the Capital Formation Plan (as defined in the Financing Agreement) during the fiscal quarters ending June 30, 2001 or September 30, 2001 and (viii) exclude extraordinary losses arising from prepayments of debt during fiscal quarters ending June 30, 2001 or September 30, 2001. ATTACHMENT 5 Period Ending: ________, 200__ Current Ratio
Required Ratio. From and after the date of the Notes through but not including the Maturity Date, Borrower shall achieve, and within forty-five (45) days of the end of each calendar quarter (the "DSCR DETERMINATION DATE") provide evidence to Administrative Agent of the achievement for the Property of, a Debt Service Coverage Ratio of not less than 1.15 to 1.0 for the twelve (12) full calendar months immediately preceding the end of such calendar quarter. If at any time such ratio (the "REQUIRED RATIO") is not maintained and a Cash Trap Period exists (or occurs at any time prior to the next DSCR Determination Date), the Requisite Lenders and Administrative Agent, in their sole discretion, shall have the right to retain all Mortgaged Property Gross Cash Flow which would otherwise be payable to the Borrower Remainder Subaccount pursuant to Section 10.9.1(a)(viii) (or Section 10.9.2(a)(xi), if applicable) in that month and each succeeding calendar month in the Deposit Account (for payment of the amounts described in Sections 10.9.1(a)(i), (ii), (iii), (iv), (v), (vi) and (vii) (or, in the case where Section 10.9.2 is applicable, Sections 10.9.2(a)(i), (ii), (iii), (iv), (v), (vi), (vii), (viii) and (ix)) in the order of priority therein set forth until the Required Ratio is achieved as of any subsequent DSCR Determination Date for the twelve (12) full calendar months preceding the end of such subsequent calendar quarter. If the Required Ratio is achieved as of any one DSCR Determination Date, then subject to Administration Agent being again permitted to retain such Mortgaged Property Gross Cash Flow in the Deposit Account in accordance with the immediately preceding sentence, any Mortgaged Property Gross Cash Flow retained in the Deposit Account pursuant to the immediately preceding sentence and not theretofore used to satisfy Borrower's obligations set forth in Sections 10.9.1(a)(i), (ii), (iii), (iv), (v), (vi) or (vii) (or, in the case where Section 10.9.2 is applicable, Sections 10.9.2(a)(i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix) or (x)) shall be applied to items set forth in Section 10.9.1(a) (or Section 10.9.2(a), if applicable) in the order of priority therein set forth. All calculations of the Debt Service Coverage Ratio shall be subject to verification by Administrative Agent. 134 141
Required Ratio. 1.1 to 1 1.1 to 1 1.1 to 1 1.1 to 1 ------------------------------------------------------------- ---------------- ---------------- ---------------- ---------------- ------------------------------------------------------------- ---------------- ---------------- ---------------- Test Period: 12 Month Period ending on: 06-30-06 09-30-06 12-31-06 ------------------------------------------------------------- ---------------- ---------------- ----------------
