SimpleDocs
AI AssistantWord Add-In
Search Clauses
Resources
About
Pricing
  • Home
  • Clauses
  • Asset Coverage Test
  • Snippet group

Common use of Asset Coverage Test Clause in Contracts

Asset Coverage Test. The Borrower will not permit, as of any Asset Coverage Test Date, Asset Coverage Ratio to be less than 1.5 to 1.0.

Appears in 3 contracts

Sources: Second Lien Credit Agreement (Sundance Energy Australia LTD), Second Lien Credit Agreement (Sundance Energy Australia LTD), Second Lien Credit Agreement (Sundance Energy Australia LTD)

Related Clauses

  • Asset Coverage
  • Asset Coverage Ratio
  • Insurance Coverage Requirements
  • Minimum Interest Coverage
  • Coverage Requirements

Parent Clauses

  • NEGATIVE COVENANTS
  • Financial Covenants
  • Financial Performance Covenants
  • CONDITIONS TO CLOSING
  • DEUTSCHE TRUSTEE COMPANY

Sub-Clauses

  • For W
  • Events of Default
Law Insider
SimpleDocs

Tools to Draft Better Contracts

SOC 2 Type II CompliantTX-RAMP CompliantGDPR Compliant
  • About Us
  • Plans & Pricing
  • Email Sales
  • Email Support

Contract Standards

  • Standards Hub
  • oneNDA Template
  • oneSaaS Template
  • oneDPA Template

Products

  • SimpleAI
  • AI Assistant

Public Contracts

  • Search
  • Contracts
  • Clauses
  • Dictionary
  • Languages
All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-2025 Law Insider Inc. All rights reserved. Terms of Service • Privacy Policy
Help Ukraine 🇺🇦