Asset Coverage Ratios Sample Clauses

Asset Coverage Ratios. (a) The Borrower will not permit the Asset Coverage Ratio A, as of the last day of any Test Period ending on the date set forth in the table below, to be less than the ratio set forth opposite such fiscal quarter below: Fiscal Quarter Ending Asset Coverage Ratio A December 31, 2017 1.40:1.00 March 31, 2018 1.40:1.00 June 30, 2018 1.40:1.00 September 30, 2018 1.40:1.00 December 31, 2018 1.40:1.00 March 31, 2019 1.45:1.00 June 30, 2019 1.45:1.00 September 30, 2019 1.45:1.00 December 31, 2019 and the last day of each fiscal quarter of the Borrower thereafter 1.50:1.00
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Asset Coverage Ratios. The Borrower will not permit (a) the Total Asset Coverage Ratio to be less than 2.50:1.00 as of the last day of any month or (b) the RC Asset Coverage Ratio to be less than 1.00:1.00 at any time. Any provision of this Agreement that requires the Borrower to be in compliance or compliance on a Pro Forma Basis with the Total Asset Coverage Ratio prior to December 31, 2015 shall be deemed to require that the Total Asset Coverage Ratio not be less than 2.50:1.00.
Sample 1
Asset Coverage Ratios. After the Restatement Effective Date, the Borrower will not permit the Asset Coverage Ratio and/or the Modified Asset Coverage Ratio to be less than 1.50 to 1 at any time, provided that, if the Borrower elects to use the relief offered by Release No. 33837 for the purposes of any public reporting of its financial performance, then, with respect to the period from the Amendment No. 3 Effective Date to the earlier of (x) the date Release No. 33837 is no longer in effect with respect to the Borrower and (y) December 31, 2020, the Asset Coverage Ratio shall not be less than 1.35 to 1 at any time.
Sample 1
Asset Coverage Ratios. Permit, as of the last day of any fiscal quarter of the Borrower after December 31, 1997, the Primary Capital and Asset Coverage Ratio or the Total Capital and Asset Coverage Ratio to be less than the respective amounts set forth in the following table for the amount of Unfunded Partners Capital as of the last day of such fiscal quarter:
Sample 1
Asset Coverage Ratios. (i) The Borrower will not permit, as of any Test Date, the ratio (the “Total Proved Asset Coverage Ratio”) of (1) Total Proved PV10% as of such Test Date attributable to the Parent Guarantor’s and its Subsidiaries’ Proved Developed Producing Properties to (2) Total Debt of the Parent Guarantor and its Subsidiaries as of such Test Date to be less than (A) for any Test Date before December 31, 2018, 1.5 to 1.0 and (B) for any Test Date on or after December 31, 2018, 2.0 to 1.0.
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Asset Coverage Ratios 
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Related to Asset Coverage Ratios

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 2.00 to 1 at any time.

  • 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.

  • Cash Flow Coverage Ratio Maintain a Cash Flow Coverage Ratio as of the last day of each of its fiscal quarters of not less than 3.25 to 1.

  • 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.

  • 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.

  • Leverage Ratios Notwithstanding anything to the contrary contained herein, for purposes of calculating any leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • 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.

  • Minimum Debt Service Coverage Ratio Borrower shall not permit its Debt Service Coverage Ratio to be less than 1.25 to 1.00, determined as of the end of each fiscal quarter and fiscal year-end on a rolling four-quarter basis, beginning September 30, 2008, and continuing as of the end of each fiscal quarter and fiscal year thereafter, all as calculated by Bank in its reasonable discretion.

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

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