Common use of Certain Financial Tests Clause in Contracts

Certain Financial Tests. (a) The Borrower will not permit the ratio of Earnings Before Interest, Fees and Distributions to the sum of Loan Interest Expense PLUS Fee Expense, as determined as of each Determination Date for the immediately preceding three Collection Periods, to be less than 1.40 to 1.00. (b) The Borrower will not permit the Credit Loss Percentage, as determined as of each Determination Date, to exceed 5.0%. (c) The Borrower will not permit the number of Delinquent Receivables to exceed 8.5% of the average number of Receivables as determined as of each Determination Date for the immediately preceding three Collection Periods.

Certain Financial Tests. (a) The Borrower will not permit the ratio of Earnings Before Interest, Fees and Distributions to the sum of Loan Interest Expense PLUS Fee Expense, as determined as of each Determination Date for the immediately preceding three Collection Periods, to be less than 1.40 1.70 to 1.00. (b) The Borrower will not permit the Credit Loss Percentage, as determined as of each Determination Date, to exceed 5.0%. (c) The Borrower will not permit the number of Delinquent Receivables to exceed 8.5% of the average number of Receivables as determined as of each Determination Date for the immediately preceding three Collection Periods.