Common use of Total Interest Coverage Ratio Clause in Contracts

Total Interest Coverage Ratio. The Borrower will not permit the Total Interest Coverage Ratio as at the last day of any fiscal quarter of the Borrower to be less than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Interest Coverage Ratio March 31, 2017 2.25 to 1.00 June 30, 2017 2.75 to 1.00 September 30, 2017 2.75 to 1.00 December 31, 2017 2.75 to 1.00 March 31, 2018 2.75 to 1.00 June 30, 2018 3.00 to 1.00 September 30, 2018 3.00 to 1.00 December 31, 2018 3.00 to 1.00 March 31, 2019 3.00 to 1.00 June 30, 2019 and each fiscal quarter ending thereafter 3.25 to 1.00

Total Interest Coverage Ratio. The Borrower will not permit the Total Interest Coverage Ratio as at the last day of any fiscal quarter of the Borrower to be less than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Interest Coverage Ratio March 31, 2017 2.25 to 1.00 June 30, 2017 2.75 to 1.00 September 30, 2017 2.75 to 1.00 December 31, 2017 2.75 to 1.00 91 March 31, 2018 2.75 to 1.00 June 30, 2018 3.00 to 1.00 September 30, 2018 3.00 to 1.00 December 31, 2018 3.00 to 1.00 March 31, 2019 3.00 to 1.00 June 30, 2019 and each fiscal quarter ending thereafter 3.25 to 1.00

Total Interest Coverage Ratio. The Borrower will not permit the Total Interest Coverage Ratio as at the last day of any fiscal quarter of the Borrower to be less than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter Total Interest Coverage Ratio March 3131September 30 , 2017 2.25 20172019 2.253.25 to 1.00 June 30, 2017 2.75 to 1.00 September 30SD eptcember 3031, 2017 2.75 20172019 2.753.25 to 1.00 December 31, 2017 2.75 to 1.00 March 31, 2018 2.75 to 1.00 June 30, 2018 3.00 to 1.00 September 30, 2018 3.00 to 1.00 December 31, 2018 3.00 to 1.00 March 31, 2019 3.00 to 1.00 June 30, 2019 2019March 31, 2020 and each fiscal quarter ending thereafter 3.25 3.252.00 to 1.00