Common use of Consolidated Debt Service Coverage Ratio Clause in Contracts

Consolidated Debt Service Coverage Ratio. The Borrower will not ---------------------------------------- permit its Consolidated Debt Service Coverage Ratio to be less than (x) 1.25 to 1 from the Effective Date through September 29, 2001, (y) 1.50 to 1 from September 30, 2001 through December 30, 2001 and (z) 1.75 to 1 thereafter.

Appears in 1 contract

Samples: Security Agreement (Aristotle Corp)

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Consolidated Debt Service Coverage Ratio. The Borrower Company will not ---------------------------------------- permit permit, on the dates set forth below, its Consolidated Debt Service Coverage Ratio to be less than the following ratios corresponding to the following dates: (xa) 1.25 1 to 1 from the Effective Date through September 29on December 31, 20011997, (yb) 1.50 1.17 to 1 from September 30on December 31, 2001 through 1998, (c) 1.35 to 1 on December 3031, 2001 1999, and (zd) 1.75 1.35 to 1 on December 31, 2000 and each December 31 thereafter.

Appears in 1 contract

Samples: Loan and Warrant Purchase Agreement (Edutrek Int Inc)

Consolidated Debt Service Coverage Ratio. The Borrower will not Commencing with the ---------------------------------------- permit its period ending September 30, 2011 and at all times thereafter, the Borrowers shall maintain a Consolidated Debt Service Coverage Ratio of not less than 1.25 to 1.00 (to be less than (x) 1.25 to 1 from tested as of the Effective Date through September 29, 2001, (y) 1.50 to 1 from end of September 30, 2001 through December 30, 2001 2011 and each Fiscal Quarter thereafter on a rolling four (z4) 1.75 quarter basis). 7. Section 7.03 of the Credit Agreement is hereby amended to 1 thereafter.read in its entirety as follows

Appears in 1 contract

Samples: Credit Agreement (Orbit International Corp)

Consolidated Debt Service Coverage Ratio. The Borrower will not ---------------------------------------- permit its Permit the Consolidated Debt Service Coverage Ratio to be less than (x) 1.25 0.65 to 1 1.0 at any time from the Effective Date December 31, 1996 through March 30, 1997; 0.90 to 1.0 at any time from March 31, 1997 to September 29, 2001, (y) 1.50 1997; 0.95 to 1 1.0 at any time from September 30, 2001 through 1997 to December 30, 2001 1997 and (z) 1.75 1.25 to 1 1.0 at any time from December 31, 1997 and thereafter."

Appears in 1 contract

Samples: Foilmark Inc

Consolidated Debt Service Coverage Ratio. The Borrower will not ---------------------------------------- permit its Consolidated Debt Service Coverage Ratio to be less than (x) 1.25 to 1 from the Effective Date through September 29, 2001, (y) 1.50 to 1 from September 30, 2001 through December 30, 2001 and (z2) 1.75 to 1 thereafter.

Appears in 1 contract

Samples: Credit Agreement (Aristotle Corp)

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Consolidated Debt Service Coverage Ratio. The Borrower will not ---------------------------------------- permit its Permit the Consolidated Debt Service Coverage Ratio to be less than (x) 1.25 0.68 to 1 1.0 at any time from the Effective Date December 31, 1996 through September 29, 2001, (y) 1.50 to 1 from September March 30, 2001 through 1997; 0.09 to 1.0 at any time from March 31, 1997 to December 30, 2001 1997 and (z) 1.75 1.25 to 1 1.0 at any time from December 31, 1997 and thereafter."

Appears in 1 contract

Samples: Foilmark Inc

Consolidated Debt Service Coverage Ratio. The Borrower will not ---------------------------------------- permit its Permit at any time the Consolidated Debt Service Coverage Ratio to be less than (x) 1.25 to 1 from the Effective ratio set forth below opposite the applicable period. PERIOD RATIO ------ ----- Closing Date through September 29, 2001, (y) 1.50 to 1 from September 30, 2001 through December 30, 2001 and (z) 1.75 to 1 thereafter.1998 1.00:1.00 December 31, 1998 thereafter 1.25:1.00

Appears in 1 contract

Samples: Credit Agreement (Family Golf Centers Inc)

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