Senior Debt Service Coverage Ratio. Permit the Senior Debt Service Coverage Ratio to be less than 1.20:1.00, as of the end of each fiscal quarter of Borrower on a trailing twelve-month basis.
Senior Debt Service Coverage Ratio. As of the last day of each applicable period, the ratio of the Borrower's Operating Cash Flow, on a Crdentia Proper Consolidated Basis, to Borrower's Senior Debt Service, on a Crdentia Proper Consolidated Basis, for each period set forth below (which ratio shall be tested as of the last day of each such period) must be at least the following: ------------------------------- ---------------------------- ---------------------------- ---------------------------- SENIOR DEBT SERVICE TIME FRAME DATE TESTED COVERAGE RATIO BASED ON ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 1/31/05 1.00 to 1.00 Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 2/28/05 1.00 to 1.00 Monthly ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 3/31/05 1.00 to 1.00 Trailing 3 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 4/30/05 1.00 to 1.00 Trailing 4 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 5/31/05 1.00 to 1.00 Trailing 5 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 6/30/05 1.25 to 1.00 Trailing 6 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 7/31/05 1.25 to 1.00 Trailing 7 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 8/31/05 1.25 to 1.00 Trailing 8 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 9/30/05 1.25 to 1.00 Trailing 9 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 10/31/05 1.25 to 1.00 Trailing 10 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 11/30/05 1.25 to 1.00 Trailing 11 months ------------------------------- ---------------------------- ---------------------------- ---------------------------- Monthly 12/31/05 1.25 to 1.00 Trailing 1...
Senior Debt Service Coverage Ratio. As of the last day of each applicable period, the ratio of the Borrower’s Operating Cash Flow to Borrower’s Senior Debt Service for each period set forth below (which ratio shall be tested as of the last day of each such period) must be at least the following: Quarterly 6/30/05 0.5 to 1.00 Trailing 3 months Quarterly 9/30/05 1.00 to 1.00 Trailing 6 months Quarterly 12/31/05 1.15 to 1.00 Trailing 9 months Quarterly 3/31/06 1.5 to 1.00 Trailing 12 months Quarterly 6/30/06 and each fiscal quarter thereafter 1.5 to 1.00 Trailing 12 months
Senior Debt Service Coverage Ratio. Permit the Senior Debt Service Coverage Ratio as of any date set forth below to be less than the amount set forth below opposite such date: Date Amount ---- ------ 49 March 31, 2000 2.50 June 30, 2000 2.50 September 30, 2000 2.50 December 31, 2000 2.50 March 31, 2001 2.25 June 30, 2001 2.25 September 30, 2001 2.25 December 31, 2001 2.25 March 31, 2002 2.00 June 30, 2002 2.00 September 30, 2002 2.00 December 31, 2002 2.00 March 31, 2003 1.90 June 30, 2003 1.90 September 30, 2003 1.90 December 31, 2003 1.90 .20 TOTAL LEVERAGE RATIO. Permit the Total Leverage Ratio as of any date set forth below to be greater than the amount set forth opposite such date: Date Amount ---- ------ March 31, 2000 4.25 June 30, 2000 4.25 September 30, 2000 4.00 December 31, 2000 4.00 March 31, 2001 3.50 June 30, 2001 3.50 September 30, 2001 3.50 December 31, 2001 3.25 March 31, 2002 3.00 June 30, 2002 3.00 September 30, 2002 3.00 December 31, 2002 2.75 March 31, 2003 2.75 June 30, 2003 2.75 September 30, 2003 2.75 December 31, 2003 2.75
Senior Debt Service Coverage Ratio. Maintain, as of each SDSCR Determination Date, a Historic Semi-Annual SDSCR of no less than 1.25 to 1.00.
Senior Debt Service Coverage Ratio. As of the last day of each calendar quarter ended March 31, June 30, September 30 or December 31 commencing with the calendar quarter ended June 30, 1998, Borrower's Operating Cash Flow/Actual for the consecutive 12-month period ending as of such last day must be at least 1.35 times the amount necessary to meet Borrower's Senior Contractual Debt Service for such 12-month period; provided however, with respect to the consecutive 12-month period ending March 31, 1999, Borrower's Operating Cash Flow/Actual must be at least 1.25 times the amount necessary to meet Borrower's Senior Contractual Debt Service for such 12-month period; provided however, that, with respect to the calculations set forth herein for the period from March 1, 1998 through December 31, 1998, Borrower's Operating Cash Flow/Actual and Senior Contractual Debt Service shall be determined beginning as of March 1, 1998 (the "Start Date") and be measured as follows: (x) the time period from the Start Date through June 30, 1998, shall be for such amounts for such period, (y) the time period from the Start Date through September 30, 1998, shall be for such amounts for such period, and (z) the time period from the Start Date through December 31, 1998, shall be for such amounts for such period; and, provided further, that all such determinations shall be made on a consolidated basis.
Senior Debt Service Coverage Ratio. Failure of Borrowers to maintain a Senior Debt Service Coverage Ratio of at least 1.00 to 1.00 for the month ending January 31, 2005. EXHIBIT B Document Checklist BRIDGE HEALTHCARE FINANCE, LLC ("BHF") BRIDGE OPPORTUNITY FINANCE, LLC ("BOF") (BHF and BOF collectively, the "Lender") with Crdentia Corp. ("Crdentia") Baker Anderson Christie, Inc.("Baker") Nurses Nxxxxxk, Xxx.("Xxxxxx Xxtwork") New Age Staffing, Inc. ("New Age") PSR Nurses, Ltd. ("PSR Ltd.") PSR Nurse Recruiting, Inc. ("PSR Recruiting") PSR Nurses Holdings Corp. ("PSR Holding"), CRDE Corp. ("CRDE") Arizona Home Health Care/Private Duty, Inc. ("AHHC") Care Pros Staffing, Inc. ("CPS") (each an "Existing Borrower", and collectively, the "Existing Borrowers") HIP Holding, Inc. ("HIP") Health Industry Professionals, L.L.C. ("HIP LLC") Travmed USA, Inc. ("Travmed") (each a "New Borrower", and collectively, the "New Borrowers") (Each Existing Borrower and New Borrower referred to individually and collectively as "Borrower") Document Checklist March 29, 2005
Senior Debt Service Coverage Ratio. Permit the Senior Debt Service Coverage Ratio as of any date set forth below to be less than the amount set forth below opposite such date: DATE AMOUNT ---- ------ September 30, 2000 1.61 December 31, 2000 1.64 March 31, 2001 1.36 June 30, 2001 1.12 September 30, 2001 1.05 December 31, 2001 2.25 March 31, 2002 2.00 June 30, 2002 2.00 September 30, 2002 2.00 December 31, 2002 2.00 March 31, 2003 1.90 June 30, 2003 1.90 September 30, 2003 1.90 December 31, 2003 1.90"
(k) SECTION 7.20. Subsection 7.20 of the Loan Agreement is deleted in its entirety and the following is substituted therefor:
Senior Debt Service Coverage Ratio. As of the last day of each calendar quarter ended March 31, June 30, September 30 or December 31 commencing with the calendar quarter ended June 30, 1998, Borrower's Operating Cash Flow/Actual for the consecutive 12-month period ending as of such last day must be at least 1.35 times the amount necessary to meet Borrower's Senior Contractual Debt Service for such 12-month period; provided however, with respect to the consecutive 12-month period ending on each of March 31, 1999, and June 30, 1999, Borrower's Operating Cash Flow/Actual must be at least 1.25 times the amount necessary to meet Borrower's Senior Contractual Debt Service for such 12-month period; provided however, that, with respect to the calculations set forth herein for the period from March 1, 1998 through December 31, 1998, Borrower's Operating Cash Flow/Actual and Senior Contractual Debt Service shall be determined beginning as of March 1, 1998 (the "Start Date") and be measured as follows: (x) the time period from the Start Date through June 30, 1998, shall be for such amounts for such period, (y) the time period from the Start Date through September 30, 1998, shall be for such amounts for such period, and (z) the time period from the Start Date through December 31, 1998, shall be for such amounts for such period; and, provided further, that all such determinations shall be made on a consolidated basis.
Senior Debt Service Coverage Ratio. As of the last day of each fiscal quarter ended July 31, October 31, January 31 and April 30 of each year commencing with quarter ending July 31, 1999, Borrower's Senior Debt Service Coverage Ratio for the consecutive 12-month period ending as of such last day must be at least 1.25 : 1.00, provided that all such determinations shall be made on a consolidated basis.
