Common use of Collateral Coverage Ratio Clause in Contracts

Collateral Coverage Ratio. The Borrowers will not permit the Collateral Coverage Ratio to be less than (i) 1.4 to 1.0 at any time on or prior to December 31, 2008 and (ii) 1.5 to 1.0 at any thereafter.

Appears in 2 contracts

Sources: Credit Agreement (Sunlink Health Systems Inc), Credit Agreement (Sunlink Health Systems Inc)

Collateral Coverage Ratio. The Commencing on November 15, 2004 and continuing thereafter, the Borrowers will not permit the Collateral Coverage Ratio to be less than (i) 1.4 to 1.0 at any time on or prior to December 31, 2008 and (ii) 1.5 to 1.0 at any thereaftertime.

Appears in 1 contract

Sources: Credit Agreement (Sunlink Health Systems Inc)