Minimum Debt Service Coverage Ratio Clause Samples
The Minimum Debt Service Coverage Ratio clause sets a required threshold for the ratio of a borrower's net operating income to its debt service obligations. In practice, this means the borrower must maintain a certain level of income relative to the amount needed to cover loan payments, often measured on a periodic basis such as quarterly or annually. This clause ensures that the borrower remains financially stable and capable of meeting debt payments, thereby protecting the lender from increased risk of default.
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Minimum Debt Service Coverage Ratio. The Borrower will maintain its Debt Service Coverage Ratio, determined on each December 31 (commencing on December 31, 2004) for the period from the beginning of the calendar year containing such date to such date, at not less than 1.05 to 1.00 (or, on December 31, 2004, 0.25 to 1.00).
Minimum Debt Service Coverage Ratio. So long as any Obligations remain outstanding, Borrower shall maintain a Debt Service Coverage Ratio of at least 1.25:1.00 measured quarterly as of the last day of each quarter.
Minimum Debt Service Coverage Ratio. The Debt Service Coverage Ratio shall not be less than 1.50 to 1.0.
Minimum Debt Service Coverage Ratio. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, the Borrowers’ Debt Service Coverage Ratio was _____ to 1.00 which |_| satisfies |_| does not satisfy the requirement that such ratio be no less than 1.10 to 1.00 for fiscal year 2004.
Minimum Debt Service Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis.
Minimum Debt Service Coverage Ratio. As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.60 to 1.00.
Minimum Debt Service Coverage Ratio. The Loan Parties shall not permit the Debt Service Coverage ratio as of the last day of any fiscal quarter to be less than 2.00 to 1.00.
Minimum Debt Service Coverage Ratio. As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.50 to 1.00.
Minimum Debt Service Coverage Ratio. The Loan Parties shall not at any time permit the Debt Service Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended (i) for the fiscal quarter ending March 31, 2020 through the fiscal quarter ending December 31, 2021, to be less than 1.05 to 1.00, (ii) for the fiscal quarters ending June 30, 2022 and September 30, 2022, to be less than 1.05 to 1.00, and (iii) for the fiscal quarter ending December 31, 2022 and thereafter, to be less than 1.25 to 1.00.