Fixed Charge Coverage Ratios. (i) Silverback shall maintain on a consolidated basis with its consolidated Subsidiaries, including, without limitation PowerSteering and Visionael, as of the last day of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2012, a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00. (ii) PowerSteering and Visionael shall maintain on a combined basis, as of the last day of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2012, a Fixed Charge Coverage Ratio of not less than 1.15 to 1.00.
Appears in 2 contracts
Sources: Loan and Security Agreement (Upland Software, Inc.), Loan and Security Agreement (Upland Software, Inc.)