Debt Service Coverage Requirements. (a) Commencing with the closing of the Loan and thereafter on the first day of each fiscal quarter, provide evidence to Lender within fifteen (15) days of such date of the achievement and maintenance of the following quarterly Debt Service Coverage ratios based upon operations for the previous twelve (12) months:
Appears in 4 contracts
Samples: Project Loan Agreement (Advocat Inc), Project Loan Agreement (Advocat Inc), Project Loan Agreement (Advocat Inc)