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Common use of Minimum Asset Coverage Ratio Clause in Contracts

Minimum Asset Coverage Ratio. Permit the Asset Coverage Ratio on the last day of each Test Period ending after the Third Amendment Effective Date, to be less than 150%.

Appears in 3 contracts

Sources: Credit and Guaranty Agreement (Lument Finance Trust, Inc.), Credit and Guaranty Agreement (Lument Finance Trust, Inc.), Credit and Guaranty Agreement (Lument Finance Trust, Inc.)

Related Clauses

  • Asset Coverage Ratio
  • Minimum Interest Coverage Ratio
  • Interest Coverage Ratio
  • Debt Coverage Ratio
  • Minimum Debt Service Coverage Ratio

Parent Clauses

  • Financial Covenants
  • NEGATIVE COVENANTS
  • Affirmative Covenants
  • Miscellaneous
  • Amendments

Sub-Clauses

  • Subordinated Debt
  • Failure of Security
  • Judgments; Penalties
  • ERISA
  • Rights and Remedies
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