Debt Service Coverage Ratio. Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 2012.
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Samples: Term Loan Agreement (Sun Communities Inc), Term Loan Agreement (Sun Communities Inc)
Debt Service Coverage Ratio. Each Borrower shall maintain at all times, on a rolling four-quarter average (for each Borrower’s four most recent fiscal quarters then ended), a Debt Service Coverage Ratio of at least 1.35 to 1.00, as not less than 1.50:1.00. The first quarterly calculation and measurement of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00shall be September, as of the end of each fiscal quarter ending on or after June 30, 20122010.
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Samples: Second Amended and Restated Loan Agreement (Summit Hotel Properties, Inc.), Second Amended and Restated Loan Agreement (Summit Hotel Properties, LLC)
Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter ending June 30, 2009 and thereafter during the term of the Loan, based on the latest four rolling quarters, Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter ending September 30, 2010, and thereafter during the term of the Loan, based on the latest four rolling quarters, the Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter ending June 30. 2010 and thereafter during the term of the Loan, based on the latest four rolling quarters, Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Each Borrower shall maintain at all times, on a rolling four-quarter average (for each Borrower’s four most recent fiscal quarters then ended), a Debt Service Coverage Ratio of at least 1.35 to 1.00, as not less than 1.50:1.00. The first quarterly calculation and measurement of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00shall be September, as of the end of each fiscal quarter ending on or after June 30, 20122009.
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Samples: First Amended and Restated Loan Agreement (Summit Hotel Properties LLC)
Debt Service Coverage Ratio. Borrower shall will at all times maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a . The Debt Service Coverage Ratio of at least 1.40 to 1.00, shall be calculated and tested quarterly as of the end last day of each quarter of each fiscal year of Borrower, commencing with the quarter ending December 31, 2007, and, the Debt Service Coverage Ratio shall be calculated on a cumulative basis for the four quarters ended as of such date (a “rolling or after June 30, 2012trailing four quarter” basis).
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Samples: Loan Agreement (Spacehab Inc \Wa\)
Debt Service Coverage Ratio. Each Borrower shall maintain at all times, on a rolling four-quarter average (for each Borrower’s four most recent fiscal quarters then ended), a Debt Service Coverage Ratio of at least 1.35 to 1.00, as not less than 1.50:1.00. The first quarterly calculation and measurement of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00shall be September, as of the end of each fiscal quarter ending on or after June 30, 2012.2010; and
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Samples: Second Amended and Restated Loan Agreement (Summit Hotel Properties, LLC)
Debt Service Coverage Ratio. Borrower shall maintain a Debt Service Coverage Ratio of at least 1.35 2.00 to 1.00, as of the end of each fiscal calculated semi-annually on a rolling four-quarter ending on or after December 31basis, 2011 and on or before March 31commencing June 30, 2012, and a 1998. "Debt Service Coverage Ratio Ratio" shall mean earnings before interest, taxes, depreciation and amortization divided by the sum of at least 1.40 to 1.00, as interest expense and current maturities of the end of each fiscal quarter ending on or after June 30, 2012long term debt.
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Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter beginning April 1, 2013, and thereafter during the term of the Loan, based on the latest four rolling quarters, the Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. The Borrower shall will maintain at all times a Debt Service Coverage Ratio of at least 1.35 to 1.00, as of the end of each fiscal quarter ending month of the Borrower on or after December 31a rolling twelve month basis, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 1.25 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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Debt Service Coverage Ratio. Borrower Company shall maintain at all times, on a rolling four-quarter average (for Company's four most recent fiscal quarters then ended), a Debt Service Coverage Ratio of at least 1.35 to 1.00, as not less than 1.50:1.00. The first quarterly calculation and measurement of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June shall be September 30, 20122005.
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Debt Service Coverage Ratio. Borrower shall Commencing with the Quarter beginning January 1, 2013, and thereafter during the term of the Loan, based on the latest four rolling quarters, the Borrowers will continuously maintain a Debt Service Coverage Ratio of at least 1.35 not less than 1.25 to 1.00, as of the end of each fiscal quarter ending on or after December 31, 2011 and on or before March 31, 2012, and a Debt Service Coverage Ratio of at least 1.40 to 1.00, as of the end of each fiscal quarter ending on or after June 30, 20121.
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