Common use of Collateral Coverage Ratio Clause in Contracts

Collateral Coverage Ratio. The Company will not permit the Collateral Coverage Ratio as of any date to be less than 1.0 to 1.0.

Appears in 2 contracts

Sources: Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global Inc)

Collateral Coverage Ratio. The Company will shall not permit the Collateral Coverage Ratio as of any date to be less than 1.0 1.75 to 1.01.00 as of any Collateral Coverage Ratio Test Date.

Appears in 1 contract

Sources: Second Lien Term Loan Agreement (Venoco, Inc.)