Common use of Consolidated Debt Service Coverage Ratio Clause in Contracts

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this Agreement, Borrowers shall not permit their Consolidated Debt Service Coverage Ratio to be less than 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar year, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after the end of each calendar month, beginning July 31, 2007.

Appears in 1 contract

Samples: Loan Agreement (Chancellor Group Inc/)

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Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this Agreement, Borrowers shall not permit their Maintain a Consolidated Debt Service Coverage Ratio to be of not less than (i) 1.10 to 1 for periods ending between December 31, 1997 and June 29, 1998, and (ii) 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures 1 for the current calendar yearperiod ended June 30, beginning January 1, 2007, 1998 and shall periods thereafter. This financial covenant will be reported to Lender within forty-five (45) days after measured as of the end last day of each calendar month, beginning July 31, 2007fiscal quarter of the Obligors on a trailing four quarter basis.

Appears in 1 contract

Samples: Revolving Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this AgreementBorrower and its Subsidiaries, Borrowers on a consolidated basis, shall not permit their Consolidated maintain a Debt Service Coverage Ratio to be less than 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar yearRatio, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after as of the end of each calendar monthfiscal quarter for that portion of the Fiscal Year then ended, beginning July commencing with the fiscal quarter ending December 31, 2007.2000, of not less than (A) 0.75 to 1.00 for each measurement period ending on or before March 31, 2001, and (B) 1.25 to 1.00 for each measurement period ending after March 31, 2001; and

Appears in 1 contract

Samples: Loan and Security Agreement (Nematron Corp)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this Agreement, Borrowers shall not permit their Maintain a Consolidated Debt Service Coverage Ratio to be of not less than (i) .65 to 1 for the periods ended December 31, 1996, and March 31, 1997 (ii) .9 to 1 for the period ended June 30, 1997, (iii) 1 to 1 for the period ended September 30, 1997, and (iv) 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures 1 for the current calendar yearperiod ended December 31, beginning January 1, 20071997, and shall thereafter. This financial covenant will be reported to Lender within forty-five (45) days after measured as of the end last day of each calendar month, beginning July 31, 2007fiscal quarter of the Obligors on a trailing four quarter basis.

Appears in 1 contract

Samples: Revolving Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after Borrower and its Subsidiaries, on a consolidated basis, shall have as of the date end of this Agreement, Borrowers shall not permit their Consolidated Borrower's 1998 fiscal year a Debt Service Coverage Ratio for fiscal year 1998 of not less than 1.00 to be 1.00 and shall maintain a Debt Service Coverage Ratio, as of the end of each twelve-month period ending on the last day of a fiscal quarter, commencing with the fiscal quarter ending in March, 1999, of not less than 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar year, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after the end of each calendar month, beginning July 31, 2007.1.00; and

Appears in 1 contract

Samples: Loan and Security Agreement (Morrow Snowboards Inc)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this Agreement, Borrowers and their Consolidated Subsidiaries shall not permit their maintain a Consolidated Debt Service Coverage Ratio at the end of each calendar quarter during the Term Loan (calculated with respect to be the four full consecutive calendar quarters ending on or immediately after the calculation date) of not less than 1.25 to 1.0 at any time. The 1.00 on December 31, 1997 and on March 31, 1998, and a Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar yearof 1.50 to 1.00 on June 30, beginning January 1, 2007, 1998 and shall be reported to Lender within forty-five (45) days after the end of each calendar month, beginning July 31, 2007thereafter.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Chrysalis International Corp)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after Commencing with the date of this Agreement---------------------------------------- period ending March 31, 2011 and at all times thereafter, the Borrowers shall not permit their maintain a Consolidated Debt Service Coverage Ratio to be of not less than 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall 1.00 (to be calculated monthly based upon year-to-date figures for the current calendar year, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after tested as of the end of each calendar month, beginning July March 31, 20072011 and each Fiscal Quarter thereafter on a rolling four (4) quarter basis).

Appears in 1 contract

Samples: Credit Agreement (Orbit International Corp)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after The Borrower and its consolidated Subsidiaries on a consolidated basis shall maintain as at the date end of this Agreement, Borrowers shall not permit their each fiscal quarter for the 12 consecutive month then ended a Consolidated Debt Service Coverage Ratio to be not less than 1.25 1.50 to 1.0 at any time. The 1.0, provided that the Borrower and its consolidated Subsidiaries shall maintain for the fiscal quarter for the shorter period from June 1, 1999 (the "Inception Date") to September 30, 1999, a Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar year, beginning January 1, 2007, and shall be reported not less than 1.20 to Lender within forty-five (45) days after the end of each calendar month, beginning July 31, 20071.0.

Appears in 1 contract

Samples: Loan and Security Agreement (Petroleum Place Inc)

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Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this Agreement, Borrowers shall not permit their Consolidated Debt Service Coverage Ratio to be less than 1.25 1.1 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar year, beginning January July 1, 2007, and shall be reported to Lender within forty-five (45) days after the end of each calendar month, beginning July 31, 2007.

Appears in 1 contract

Samples: Loan Agreement (Chancellor Group Inc/)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after Commencing with the date of this Agreementfour-quarter period ending December 31, Borrowers shall not 2005 and for each four-quarter period thereafter, permit their the Consolidated Debt Service Coverage Ratio at any time to be less than 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for 1.0, tested on the current calendar year, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after the end last day of each calendar month, beginning July 31, 2007fiscal quarter of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (UFood Restaurant Group, Inc.)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after The Providers permit the date of this Agreement, Borrowers shall not permit their Consolidated Debt Service Coverage Ratio Ratio, calculated as of the end of each fiscal quarter of the Providers, for the period of August 30, 1998 to November 30, 1998, the period of August 30, 1998 to February 28, 1999, the period of August 30, 1998 to May 31, 1999 to be less than 1.25 1.75:1.00 and for each fiscal quarter thereafter, to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar year, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after the end of each calendar month, beginning July 31, 2007.less than 1.50:1.00

Appears in 1 contract

Samples: Receivables Purchase and Transfer Agreement and Loan and Security Agreement (Star Multi Care Services Inc)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this Agreement, Borrowers shall not permit their Maintain a Consolidated Debt Service Coverage Ratio to be of not less than 1.25 (i) .70 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures 1 for periods ending between December 31, 1997 and June 29, 1998 and (ii) .78 to 1 for the current calendar yearperiod ended June 30, beginning January 1, 2007, 1998 and shall periods thereafter. This financial covenant will be reported to Lender within forty-five (45) days after measured as of the end last day of each calendar month, beginning July 31, 2007fiscal quarter of the Obligors on a trailing four quarter basis.

Appears in 1 contract

Samples: Credit and Loan Agreement (Universal Standard Medical Laboratories Inc)

Consolidated Debt Service Coverage Ratio. Beginning ninety (90) days after the date of this AgreementBorrower and its Subsidiaries, Borrowers on a consolidated basis, shall not permit their Consolidated maintain a Debt Service Coverage Ratio to be less than 1.25 to 1.0 at any time. The Consolidated Debt Service Coverage Ratio shall be calculated monthly based upon year-to-date figures for the current calendar yearRatio, beginning January 1, 2007, and shall be reported to Lender within forty-five (45) days after as of the end of each calendar monthfiscal quarter for that portion of the Fiscal Year then ended, beginning July commencing with the fiscal quarter ending December 31, 2007.2001, of not less than (A) 1.00 to 1.00 for the measurement period ending December 31, 2001, and (B) 1.25 to 1.00 for each measurement period ending after December 31, 2001; and

Appears in 1 contract

Samples: Loan and Security Agreement (Nematron Corp)

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