Minimum Collateral Coverage Ratio. The Minimum Collateral Coverage Ratio, measured as of the end of the Fiscal Quarter ending on each date set forth below, shall not to be less than the following: December 31, 2006 1.288:1.0 March 31, 2007 1.310:1.0 June 30, 2007 1.332:1.0 September 30, 2007 1.356:1.0 December 31, 2007 1.380:1.0 March 31, 2008 1.405:1.0 June 30, 2008 1.431:1.0 September 30, 2008 1.458:1.0 December 31, 2008 1.486:1.0 March 31, 2009 1.515:1.0 June 30, 2009 1.546:1.0 September 30, 2009 and thereafter 1.577:1.0
Appears in 2 contracts
Sources: Term Loan Agreement (International Textile Group Inc), Term Loan Agreement (International Textile Group Inc)