Cash Coverage Sample Clauses

Cash Coverage. The ratio (calculated only in respect of ------------- Borrower) of cash dividends and tax sharing payments available to be received by the Borrower from its Subsidiaries divided by cash expenses and CMLTD paid by the Borrower, may not be less than 1.5 to 1.0 for any four-fiscal-quarter period.
Sample 1
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Cash Coverage. Borrowers, on a consolidated basis, shall (i) as of June 30, 2010, and at all times through September 29, 2010, have a Cash Coverage Amount of not less than One-Month Debt Service, (ii) as of September 30, 2010, and at all times through December 30, 2010, have a Cash Coverage Amount of not less than Two-Month Debt Service, and (iii) as of December 31, 2010, and at all times thereafter, have a Cash Coverage Amount of not less than Three-Month Debt Service.”
Sample 1
Cash Coverage. 25 9.4 Net Income................................................ 25 9.5
Sample 1
Cash Coverage. The ratio (calculated only in respect of Borrower) of ------------- cash dividends and tax sharing payments available to be received by the Borrower from its Subsidiaries divided by cash expenses and CMLTD paid by the Borrower, may not be less than 1.5 to 1.0 for any four-fiscal-quarter period. 06/29/98 9.4 Net Income. Matrix Bank's Net Income to be less than $7,500,000 for ---------- any four-fiscal-quarter period.
Sample 1
Cash Coverage. The Borrower shall not permit the ratio (calculated only in respect of the Borrower) of cash dividends and tax sharing payments available to be received by the Borrower from its Subsidiaries to cash expenses and CMLTD paid by the Borrower, as of the last day of any fiscal quarter, for the four consecutive fiscal quarters ending on such date, to be less than 1.5 to 1.0.
Sample 1
Cash Coverage. If the Operating Cash Flow for any fiscal quarter is negative, the Borrower shall not permit the ratio of Cash Coverage to Operating Cash Flow (expressed for purposes of such ratio as a positive number equal to the amount by which Operating Cash Flow for such fiscal quarter is negative) for such fiscal quarter to be less than 1.25:1. Cash Coverage shall mean the sum of (i) cash, marketable securities and cash equivalents at the end of such fiscal quarter reflected on Borrower's consolidated balance sheet at the end of such quarter, plus (ii) one-third (1/3) of the unused portion of the Commitment (for this purpose only, Commitment shall mean the amount applicable at such time under clause (i) of the definition of "Commitment", as reduced pursuant to Section 2.10, unless the condition in Section 3.2(a) or (e) is not satisfied at such time, in which case the Commitment shall be deemed to be zero for this purpose) as of the end of such quarter, plus (iii) one-half (1/2) of the amount, if any, available to be borrowed by WWC at the end of such fiscal quarter under the terms of the WWC Loan Agreement plus (iv) one-half (1/2) of one-quarter (1/4) of the Adjusted Annualized Operating Cash Flow (as defined in the WWC Loan Agreement) of WWC as calculated at the end of such fiscal quarter, plus (v) one-half (1/2) of the cash, marketable securities and cash equivalents of WWC and WPCS as reflected on their respective balance sheets at the end of such quarter; provided, however, that the total of clauses (iii), (iv) and (v) shall not exceed the lesser of (x) [ * ] plus any net cash proceeds from public or private offerings of the capital stock of WWC received by WWC after May 6, 1996 and (y) the amount then permitted to be invested by WWC in the Borrower under the WWC Loan Agreement as in effect at such time and not previously utilized or committed to be utilized for any other purpose by WWC. This Section 7.13 shall terminate and be of no further force or effect once the Operating Cash Flow is a positive number for two consecutive fiscal quarters."
Sample 1
Cash Coverage. The Borrower shall (a) maintain at all times ------------- unrestricted demand deposits with Bank in an amount at least equal to the outstanding principal balance of the Advances and (b) maintain as at the end of each calendar month balance sheet net cash balances at least equal to the outstanding principal balance of the Advances.
Sample 1
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Related to Cash Coverage

  • Cash Cover The Borrower agrees, in addition to the provisions of Section 6.01 hereof, that upon the occurrence and during the continuance of any Event of Default, it shall, if requested by the Administrative Agent upon the instruction of Lenders having more than 50% of the Letter of Credit Liabilities, pay to the Administrative Agent an amount in immediately available funds (which funds shall be held as collateral pursuant to arrangements satisfactory to the Administrative Agent) equal to the aggregate amount available for drawing under all Letters of Credit then outstanding at such time; provided that, upon the occurrence of any Event of Default specified in Section 6.01(h)(i) or 6.01(i) with respect to the Borrower, the Borrower shall pay such amount forthwith without any notice or demand or any other act by the Administrative Agent or the Lenders.

  • Health Coverage For the duration of the leave required under this policy, not to exceed twelve (12) weeks, the Board will maintain the employee’s health coverage under any group health plan at the same level and under the same conditions as if the employee had continued to work. Any employee contributions to the health plan must be maintained during the leave to maintain coverage.

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Basic Coverages Subd. 1. Faculty

  • Retiree Coverage Pre-Medicare: Employees who retire on or after January 1, 2011, will be provided the same health care benefits, including but not limited to, cost sharing, that it provides to its active employees until the retiree becomes eligible for Medicare. In the event health care benefits for active employees are eliminated in their entirety, which shall include a change to a one-hundred (100%) percent employee contributory health savings plan, the last health care benefits plan in effect for retirees preceding the elimination of the plan shall remain in effect (absent a contrary order from a Court of competent jurisdiction) until the Employer again provides a health care benefits plan to active employees. Medicare: Retirees must enroll in the Part B Medicare program commencing on the date they first become eligible to participate in the program. Retirees shall be responsible for the cost of such coverage. The Employer shall make available to those retirees who are properly enrolled in the Part B Medicare Program as above provided, a Supplemental Plan, with a $100 deductible. Such Plan will have the same Rx drug benefits the County provides its active employees. In the event Rx drug benefits for active employees are eliminated in their entirety, which shall include a change to a one-hundred (100%) percent employee contributory health savings plan, the Rx drug benefits last in effect for retirees preceding the elimination of the Rx drug benefits for active employees shall remain in effect (absent a contrary order from a Court of competent jurisdiction) until the Employer again provides Rx drug benefits to active employees.

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Tail Coverage If any of the required insurance is on a claims made basis and does not include an extended reporting period of at least 24 months, Grantee shall maintain either tail coverage or continuous claims made liability coverage, provided the effective date of the continuous claims made coverage is on or before the effective date of this Grant Agreement, for a minimum of 24 months following the later of (i) Grantee’s completion and Agency’s acceptance of all Services required under this Grant Agreement, or, (ii) Agency or Grantee termination of this Grant Agreement, or, iii) The expiration of all warranty periods provided under this Grant Agreement.

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • COMPENSATION COVERAGE (a) When an employee is injured at work and goes on Compensation, he or she shall, when the Compensation Board signifies that the employee may go to work, be returned to the payroll at his or her previous job and rate of pay for a period of one (1) week, to see if he or she is able to do the job he or she held at the time of the injury.

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