Collateral Coverage Ratio. Permit the Collateral Coverage Ratio as at the last day of any fiscal quarter set forth below to be less than the ratio set forth below opposite the last day of such fiscal quarter: Fiscal Quarter Collateral Coverage Ratio March 31, 2012 0.500:1.00 June 30, 2012 0.500:1.00 September 30, 2012 0.625:1.00 Each quarter thereafter 0.750:1.00
Appears in 1 contract
Sources: Credit Agreement (Trans Energy Inc)
Collateral Coverage Ratio. Permit the Collateral Coverage Ratio as at the last day of any fiscal quarter set forth of Borrower specified below to be less than the corresponding ratio set forth below opposite the last day of such fiscal quarterbelow: Fiscal Quarter Collateral Coverage Ratio December 31, 2013 through June 30, 2014 0.65 : 1.00 September 30, 2014 through December 31, 2014 0.70 : 1.00 March 31, 2012 0.500:1.00 June 30, 2012 0.500:1.00 September 30, 2012 0.625:1.00 Each quarter 2015 and thereafter 0.750:1.000.80 : 1.00
Appears in 1 contract
Sources: Second Lien Credit Agreement (Black Ridge Oil & Gas, Inc.)
Collateral Coverage Ratio. Permit the Collateral Coverage Ratio as at the last day of any fiscal quarter set forth of Borrower specified below to be less than the corresponding ratio set forth below opposite the last day of such fiscal quarterbelow: Fiscal Quarter Collateral Coverage Ratio December 31, 2013 through June 30, 2014 0.65 : 1.00 September 30, 2014 through December 31, 2014 0.70 : 1.00 March 31, 2012 0.500:1.00 2015 No Requirement June 30, 2012 0.500:1.00 2015 0.80 : 1.00 September 30, 2012 0.625:1.00 Each quarter 2015 0.70 : 1.00 December 31, 2015 and thereafter 0.750:1.000.80 : 1.00
Appears in 1 contract
Sources: Second Lien Credit Agreement (Black Ridge Oil & Gas, Inc.)
Collateral Coverage Ratio. Permit the Collateral Coverage Ratio as at the last day of any fiscal quarter set forth below of Borrower, beginning with the fiscal quarter ending December 31, 2013, to be less than the ratio set forth below opposite the last day of such fiscal quarter1.25: Fiscal Quarter Collateral Coverage Ratio March 31, 2012 0.500:1.00 June 30, 2012 0.500:1.00 September 30, 2012 0.625:1.00 Each quarter thereafter 0.750:1.001.00.
Appears in 1 contract
Sources: Second Lien Credit Agreement (Black Ridge Oil & Gas, Inc.)
Collateral Coverage Ratio. Permit the Collateral Coverage Ratio as at the last day of any fiscal quarter set forth below to be less than the ratio set forth below opposite the last day of such fiscal quarter: Fiscal Quarter Collateral Coverage Ratio March 31, 2012 0.500:1.00 June 30, 2012 0.500:1.00 September 30, 2012 0.625:1.00 Each quarter thereafter 0.750:1.00.
Appears in 1 contract
Sources: Credit Agreement (Trans Energy Inc)