Common use of Minimum Asset Coverage Ratio Clause in Contracts

Minimum Asset Coverage Ratio. permit the Asset Coverage Ratio (measured monthly beginning at the end of the first full month after the Closing Date) to be less than (i) for the period beginning up to and including August 31, 2014, 0.90 to 1.00 at all times, (ii) for the period beginning up to and including June 30, 2015, 1.00 to 1.00 at all times, and (iii) thereafter, 1.10 to 1.00 at all times.”

Appears in 2 contracts

Sources: Credit Agreement (Greenwood Hall, Inc.), Credit Agreement (Greenwood Hall, Inc.)

Minimum Asset Coverage Ratio. permit Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning at the end of the first full month after the Closing Date) (i) at any time up to an including the period ending on December 31, 2015 to be less than (i) for the period beginning up 0.80 to and including August 31, 2014, 0.90 to 1.00 at all times1.00, (ii) for at any time after December 31, 2015 and up to an including the period beginning up ending on March 31, 2016 to and including June 30, 2015, 1.00 be less than 0.90 to 1.00 at all times1.00, and (iii) thereafter, 1.10 at any time thereafter to 1.00 at all timesbe less than 1.30 to 1.00.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Medical Transcription Billing, Corp)

Minimum Asset Coverage Ratio. permit Permit the Asset Coverage Ratio (measured monthly beginning at the end of the first full month after the Closing Date) to be less than (i) for the period beginning up to and including August 31, 2014, 0.90 to 1.00 at all times, (ii) for the period beginning up to and including June 30, 2015, 1.00 to 1.00 at all times, and (iii) thereafter, 1.10 to 1.00 at all times.”

Appears in 1 contract

Sources: Credit Agreement (Identiv, Inc.)

Minimum Asset Coverage Ratio. permit Permit the Asset Coverage Ratio (measured monthly beginning at the end of the first full month after the Closing Amendment Effective Date) to be less than than: (i) for the period beginning up to and including August 31, 2014, 0.90 0.70 to 1.00 at all timestimes from the Amendment Effective Date through and including the fiscal month ending August 31, 2016; (ii) for 0.80 to 1.00 at all times beginning at the period beginning up to end of the fiscal month ending August 31, 2016 through and including June the fiscal month ending November 30, 2015, 2016; and (iii) 1.00 to 1.00 at all timestimes after the fiscal month ending November 30, and (iii) thereafter, 1.10 to 1.00 at all times2016.

Appears in 1 contract

Sources: Credit Agreement (Identiv, Inc.)

Minimum Asset Coverage Ratio. permit Permit the Asset Coverage Ratio (measured monthly beginning at the end of the first full month after the Closing Date) to be less than (i) for the period beginning up to and including August 31, 2014, 0.90 to 1.00 at all times, (ii) for the period beginning up to and including June 30, 2015, 1.00 to 1.00 at all times, and (iii) thereafter, 1.10 to 1.00 at all times.

Appears in 1 contract

Sources: Credit Agreement (Identive Group, Inc.)

Minimum Asset Coverage Ratio. permit Permit the Asset Coverage Ratio (at all times but measured and reported monthly beginning July 31, 2016) (i) at any time up to and including the end of the first full month after the Closing Date) period ending on December 31, 2016 to be less than 0.75 to 1.00, (iii) for the period beginning at any time after December 31, 2016 and up to and including August the period ending on March 31, 2014, 2017 to be less than 0.90 to 1.00 at all times, (ii) for the period beginning up to and including June 30, 2015, 1.00 to 1.00 at all times1.00, and (iii) thereafter, 1.10 at any time thereafter to be less than 1.00 at all timesto 1.00.

Appears in 1 contract

Sources: Credit Agreement (Medical Transcription Billing, Corp)

Minimum Asset Coverage Ratio. permit the Asset Coverage Ratio (measured monthly beginning at the end of the first full month after the Closing Date) to be less than (i) for the period beginning up to and including August 31, 2014, 0.90 to 1.00 at all times, (ii) for the period beginning up to and including June 30October 31, 20152014, 1.00 to 1.00 at all times, and (iii) thereafter, 1.10 1.30 to 1.00 at all times.

Appears in 1 contract

Sources: Credit Agreement (Greenwood Hall, Inc.)