Inventory Coverage Ratio Sample Clauses

Inventory Coverage Ratio. 80 ARTICLE VII Events of Default
Sample 1
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Inventory Coverage Ratio. The Borrower will not permit the ratio of (a) the sum of (i) Inventory plus (ii) Letters of Credit to (b) the sum of Revolving Exposure, in each case as of the end of any fiscal month, to be less than 1.75 to 1.00.
Sample 1
Inventory Coverage Ratio. To maintain on a consolidated basis an Inventory Coverage Ratio of at least 0.85 to 1 at the end of fiscal quarter 2 of each fiscal year, and of at least 1.0 to 1 as of every other fiscal quarter and fiscal year end. This ratio will be calculated at the end of each fiscal quarter. “Inventory Coverage Ratio” means (i) 60% of inventory (valued at the lower of cost or market value) in which Bank holds a perfected first-lien security interest (but subject, where applicable, to statutory landlord lien rights); divided by (ii) Funded Debt (as defined in Section 8.4(c)) plus outstanding letters of credit and acceptances.
Sample 1
Inventory Coverage Ratio. Section 11.3 of the Credit Agreement is hereby amended by deleting the word "less" occurring in the third line of such Section and substituting in lieu thereof the word "more".
Sample 1
Inventory Coverage Ratio. At all times, on a consolidated basis, DSW and its Subsidiaries will maintain an Inventory Coverage Ratio of 3.00 to 1.00.
Sample 1
Inventory Coverage Ratio. The Borrower will not permit the Inventory Coverage Ratio, determined semi-annually at the end of each fiscal quarter set forth in the table below, to be less than the ratio set forth opposite such fiscal quarter ending date in the table below: FISCAL QUARTER ENDING RATIO --------------------------------- --------------------------------- --------------------------------- --------------------------------- 4/5/97 1.51:1 --------------------------------- --------------------------------- 10/4/97 1.66:1 --------------------------------- --------------------------------- 4/4/98 1.88:1 --------------------------------- --------------------------------- 10/3/98 1.72:1 --------------------------------- --------------------------------- 4/3/99 1.75:1 --------------------------------- --------------------------------- 10/2/99 1.62:1 --------------------------------- --------------------------------- 4/1/00 1.70:1 --------------------------------- ---------------------------------
Sample 1

Related to Inventory Coverage Ratio

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 2.00 to 1 at any time.

  • Cash Flow Coverage Ratio Maintain a Cash Flow Coverage Ratio as of the last day of each of its fiscal quarters of not less than 3.25 to 1.

  • Debt Coverage Ratio Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.75 to 1.00.

  • Liquidity Coverage Ratio The Seller shall not issue any LCR Security.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Collateral Coverage Ratio On the Closing Date (and after giving pro forma effect to any Borrowings on such date), the Collateral Coverage Ratio shall not be less than 2.0 to 1.0.

  • Coverage Ratio The Parent will not permit the ratio, determined as of the end of each of its fiscal quarters, for the then most recently ended four fiscal quarters of (i) Consolidated EBITDA to (ii) Consolidated Interest Expense, to be less than 3.00 to 1.00 for any period of four consecutive fiscal quarters.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

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