Common use of Coverage Test Clause in Contracts

Coverage Test. The Company shall at all times cause the Borrowing Base as of any date of determination less the Pro Forma Interest Charges as of such date to equal or exceed the Total Outstandings as of such date (the “Coverage Test”).

Appears in 2 contracts

Sources: Note Agreement (NewStar Financial, Inc.), Revolving Credit Facility (NewStar Financial, Inc.)