Common use of Debt Service Coverage Ratio Clause in Contracts

Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

Appears in 3 contracts

Samples: Inventory Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)

AutoNDA by SimpleDocs

Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for as of the period last day of four consecutive fiscal quarters then ended on such dayeach Fiscal Quarter, commencing with the Fiscal Quarter ending March 31, 2010.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc), Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Debt Service Coverage Ratio. Beginning with the last day of the first quarter following the Debt Service Coverage Event, Borrower shall maintain maintain, measured as of the last day of any fiscal quarter each quarter, a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for 1.0." and substituting the period of four consecutive fiscal quarters then ended on such day.following:

Appears in 2 contracts

Samples: First Loan Modification Agreement (Seachange International Inc), First Loan Modification Agreement (Seachange International Inc)

Debt Service Coverage Ratio. Borrower shall maintain Maintain a Debt Service Coverage Ratio of at least 1.25 to 1.00 as of the last day of any each fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such dayBorrower.

Appears in 1 contract

Samples: Loan Documents (PCI Media, Inc.)

Debt Service Coverage Ratio. Borrower shall maintain Maintain as of the last day of any each fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 at least 1.50 to 1.00 on a consolidated basis for the period of four consecutive fiscal quarters then ended on such dayBorrower and each Subsidiary that is a Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Samples: Credit Agreement (Harmon Industries Inc)

Debt Service Coverage Ratio. Borrower shall maintain Permit the Debt Service Coverage Ratio, as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not the Borrower, to be less than 1.25 1.40 to 1.00 for the period of four consecutive fiscal quarters quarter period then ended on such dayending.

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Energy Inc)

Debt Service Coverage Ratio. Borrower Commencing on the Income Threshold Date and continuing thereafter, the Borrowers shall maintain have as of the last day of any fiscal quarter each Fiscal Quarter for the four Fiscal Quarter period then ended a Debt Service Coverage Ratio of not less than 1.25 1.20 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.

Appears in 1 contract

Samples: Credit Agreement (Emeritus Corp\wa\)

Debt Service Coverage Ratio. The Borrower shall maintain will maintain, tested as of the last day of any each of the Borrower's fiscal quarter quarters commencing March 30, 1999, a ratio of Debt Service Coverage Ratio of not less than 1.25 1.5 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.0.

Appears in 1 contract

Samples: Financing and Security Agreement (Sensys Technologies Inc)

Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for as of the period last day of four consecutive fiscal quarters then ended on such dayeach Fiscal Quarter, commencing with the Fiscal Quarter ending September 30, 2014.

Appears in 1 contract

Samples: Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for 1.20:1, measured quarterly as of the period last day of each fiscal quarter, on a rolling four consecutive (4) quarter basis, beginning with the fiscal quarters then ended on such dayquarter ending December 31, 2017.

Appears in 1 contract

Samples: Loan and Security (Western Acquisition Ventures Corp.)

Debt Service Coverage Ratio. Borrower shall maintain Maintain, as of the last day of any each fiscal quarter quarter, on a consolidated basis a Debt Service Coverage Ratio of not less than 1.25 1.10 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.

Appears in 1 contract

Samples: Credit Agreement (Evolution Petroleum Corp)

Debt Service Coverage Ratio. Beginning with the last day of the first ----- ---------------------------- quarter following the Debt Service Coverage Event, Borrower shall maintain maintain, measured as of the last day of any fiscal quarter each quarter, a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.0.

Appears in 1 contract

Samples: Loan and Security Agreement (Seachange International Inc)

Debt Service Coverage Ratio. Borrower Debtor shall maintain maintain, on a consolidated basis and as of the last day of any each fiscal quarter and for the FOUR (4) fiscal quarters ending on such last day, a Debt Service Coverage Ratio of not less than at least 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.

Appears in 1 contract

Samples: Loan and Security Agreement (AmeriCrew Inc.)

Debt Service Coverage Ratio. Borrower shall maintain Permit the Debt Service Coverage Ratio, as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not the Borrower, to be less than 1.25 1.40 to 1.00 for the period of four consecutive fiscal quarters quarter period then ended on such day.ending. 6.17

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Energy Inc)

Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for 1.25:1, measured quarterly as of the period last day of each fiscal quarter, on a rolling four consecutive (4) quarter basis, beginning with the fiscal quarters then ended on such day.quarter ending December 31, 2017. ​

Appears in 1 contract

Samples: Loan and Security Agreement (Western Acquisition Ventures Corp.)

Debt Service Coverage Ratio. Borrower shall maintain Maintain a Debt Service Coverage Ratio of at least 1.50 to 1.00 as of the last day of any each fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.Borrower;

Appears in 1 contract

Samples: Loan Agreement (PCI Media, Inc.)

Debt Service Coverage Ratio. Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.20 to 1.00 for as of the period last day of four consecutive fiscal quarters then ended each calendar quarter beginning on such dayMarch 31, 2016.

Appears in 1 contract

Samples: Credit Agreement

Debt Service Coverage Ratio. Borrower shall must maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for at least 1.30:1.00, measured as of (i) the period earlier of four consecutive fiscal quarters then ended on such day.(A) the last day of the first (1st) Fiscal Quarter of the 2021 Fiscal Year and (B) the last day of the first Fiscal Quarter after the First Amendment Date during which the Financial Covenants Benchmark is satisfied and (ii) the last day of each Fiscal Quarter of Borrower’s next succeeding Fiscal Quarters throughout the Loan term. ​

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

Debt Service Coverage Ratio. Borrower shall maintain Measured as of the last day of any fiscal quarter each calendar month for the Test Period then ended, Borrower shall maintain a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such dayat least 1.25:1.00.

Appears in 1 contract

Samples: Loan and Security Agreement (Regional Health Properties, Inc)

AutoNDA by SimpleDocs

Debt Service Coverage Ratio. Borrower shall maintain as As of the last day of any each fiscal quarter of Borrower, commencing September 30, 2016 and on last day of each subsequent fiscal quarter of Borrower, Borrower and its Subsidiaries shall have a Debt Service Coverage Ratio for the four (4) fiscal quarters then ended, of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.75:1.00.

Appears in 1 contract

Samples: Credit Agreement (Air T Inc)

Debt Service Coverage Ratio. Borrower Debtor shall maintain maintain, on a consolidated basis and as of the last day of any each fiscal quarter and for the FOUR (4) fiscal quarters ending on such last day, a Debt Service Coverage Ratio of not less than 1.25 at least 1.15 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.

Appears in 1 contract

Samples: Loan and Security Agreement (H/Cell Energy Corp)

Debt Service Coverage Ratio. The Borrower shall will maintain as a Debt Service Coverage Ratio (a) for the period of four (4) consecutive fiscal quarters ended on the last day of any the fiscal quarter ending on June 30, 2005 of not less than 0.6 to 1.0 and (b) for each period of four (4) consecutive fiscal quarters ended on the last day of each fiscal quarter thereafter of not less than 1.2 to 1.0; provided, that, for the period of four (4) consecutive fiscal quarters ended on the last day of the fiscal quarter ending on March 31, 2006, the Borrower will maintain a Debt Service Coverage Ratio of not less than 1.25 1.0 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.0.

Appears in 1 contract

Samples: Credit Agreement (Alon USA Energy, Inc.)

Debt Service Coverage Ratio. Borrower The Borrowers shall maintain on a consolidated basis a Debt Service Coverage Ratio of at least 1.25:1.00 tested as of the last day of any each fiscal quarter a ending February 28, 2014, and thereafter. The Debt Service Coverage Ratio will be calculated on the last day of not less than 1.25 to 1.00 for each fiscal quarter using the results of the twelve-month period of four consecutive fiscal quarters then ended ending on such daydate.

Appears in 1 contract

Samples: Loan Agreement (Greystone Logistics, Inc.)

Debt Service Coverage Ratio. The Borrower shall will maintain as of the last day of any each fiscal quarter quarter, on a rolling four quarters basis, a Debt Service Coverage Ratio of not less greater than 1.25 or equal to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.20 to 1.00.

Appears in 1 contract

Samples: Credit Agreement (Computer Software Innovations, Inc.)

Debt Service Coverage Ratio. Borrower shall will maintain as of the last day of any each fiscal quarter for the four (4) quarter period ending on that date, a Debt Service Coverage Ratio ratio of Cash Flow to the current portion of long term indebtedness, plus interest expense, equal to not less than 1.25 1.50 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.

Appears in 1 contract

Samples: Loan and Security Agreement (Visual Networks Inc)

Debt Service Coverage Ratio. Borrower shall must maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 at least 1.30:1, measured as of (i) December 31, 2019, and (ii) the last day of each Fiscal Quarter of Borrower to 1.00 for end thereafter throughout the period of four consecutive fiscal quarters then ended on such dayLoan term.

Appears in 1 contract

Samples: Loan Agreement

Debt Service Coverage Ratio. Borrower shall maintain Maintain as of the last day of any fiscal quarter of Borrower a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.00.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Zomax Optical Media Inc)

Debt Service Coverage Ratio. The Borrower shall will maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 (a) for the period of four (4) consecutive fiscal quarters then ended on such daythe last day of the fiscal quarter ending on June 30, 2005 of not less than 0.6 to 1.0 and (b) for each period of four (4) consecutive fiscal quarters ended on the last day of each fiscal quarter thereafter of not less than 1.2 to 1.0.

Appears in 1 contract

Samples: Credit Agreement (Alon USA Energy, Inc.)

Debt Service Coverage Ratio. The Borrower shall maintain will maintain, tested as of the last day of any each of the Borrower’s fiscal quarters for the four (4) quarter period ending on that date, a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 for the period of four consecutive fiscal quarters then ended on such day1.0.

Appears in 1 contract

Samples: Financing and Security Agreement (Healthextras Inc)

Debt Service Coverage Ratio. Borrower shall will at all times maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 1.50 to 1.00 1.00. The Debt Service Coverage Ratio shall be calculated as of the last day of each month on a cumulative basis for the period twelve months ended as of four consecutive fiscal quarters then ended such date; provided that for the first eleven months following the Closing Date, the Debt Service Coverage Ratio shall be based only upon the months following the Closing Date, calculated on such dayan annualized basis.

Appears in 1 contract

Samples: Loan Agreement (First Wave Marine Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.