Total Debt Service Coverage. The Company will not permit the ratio of (i) Consolidated Operating Cash Flow for any period of four consecutive fiscal quarters, as measured on the last day of each fiscal quarter (the “Computation Date”) to (ii) Consolidated Total Debt Service for the period of four consecutive fiscal quarters ending on the Computation Date (the “Debt Coverage Ratio”), to be less than 1.00:1.00
Total Debt Service Coverage. On the last day of each fiscal quarter of the Borrower, the ratio of Operating Cash Flow to Total Debt Service for the period of the four (4) consecutive quarters of Borrower then ending (including, to the extent necessary, fiscal quarters that shall have ended prior to the date hereof) shall not be less than 1.75:1.0.
Total Debt Service Coverage. Paragraph 22 of the Addendum to the Loan Agreement is hereby further amended to provide that, so long as any of the Obligations remain outstanding and the Loan Agreement is in effect, Borrower shall maintain its ratio of Operating Cash Flow to Total Contractual Debt Service, measured as of the end of each calendar month set forth in the table below (on a rolling twelve-month basis), of not less than the amount set forth opposite such month: Test Date Total Debt Service Ratio April 30, 1998 1.40 to 1.0 July 31, 1998 1.00 to 1.0 October 31, 1998 1.00 to 1.0 January 31, 1999 1.15 to 1.0 Thereafter 1.40 to 1.0
Total Debt Service Coverage. Commencing with the quarter ending ------------------------------ December 31, 2003, a Total Debt Service Coverage of not less than 1.0 to 1.0.
Total Debt Service Coverage. The ratio of Operating Cash Flow for any period described below to the sum of the aggregate amount of Total Interest Expense (plus capitalized interest in connection with Capital Expenditures, but excluding therefrom any amortization of bond discount in connection with the Senior Subordinated Debentures) PLUS principal of Indebtedness for Money Borrowed paid (or payable as regularly scheduled principal repayments thereof) by the Borrower and its Consolidated Subsidiaries during the same period, other than principal amounts of any "Term Loan" (as defined in the Existing Credit Agreement or the Second Amended and Restated Revolving Credit and Security Agreement dated as of March 15, 1993, as amended ) paid by the Borrower and its Consolidated Subsidiaries during the same period, to be less than:
Total Debt Service Coverage. Parent shall maintain a minimum ratio of its Adjusted EBITDA to Total Debt Service throughout the term of the Loan (the "Total Debt Service Coverage Covenant"). The foregoing covenant shall be tested quarterly, simultaneously with the delivery of Parent's financial information required by Section 7.01(a)(i) hereof, commencing July 31, 2011. Each of the tests conducted for the periods ended July 31, 2011, October 31, 2011, and January 31, 2012 shall cover the period from May 1, 2011 through the end of the relevant quarter. Commencing with the test for the period ended April 30, 2012, and thereafter throughout the term of the Loan, the foregoing covenant shall be tested quarterly, 60 on a trailing 12-month basis. Parent shall maintain a minimum ratio of its Adjusted EBITDA to Total Debt Service as required by the following table for the test periods indicated: Test Period Ending Required Coverage Ratio July 31, 2011 0.75:1 October 31, 2011 0.80:1 January 31, 2012 0.85:1 April 30, 2012 0.90:1 July 31, 2012 0.95:1 October 31, 2012 1.00:1 January 31, 2013 1.05:1 April 30, 2013 1.10:1 All subsequent quarters 1.10:1 In the event that, as of any given test date, Parent has failed to maintain the required total debt service coverage ratio by an amount less than $100,000 (determined as set forth below), no Event of Default under this Section 7.03(b) shall exist until after the next quarterly test period and if, following the next quarterly test period, Parent continues to be out of compliance with the Total Debt Service Coverage Covenant, then an Event of Default shall immediately exist. If Parent is out of compliance with the Total Debt Service Coverage Covenant by an amount more than $100,000, then such failure shall constitute an immediate Event of Default upon the first occurrence of non-compliance. The extent to which Parent is out of compliance with the Total Debt Service Coverage Covenant (i.e., more or less than $100,000) will equal the amount that would have to be subtracted from Total Debt Service (i.e., the denominator in the ratio) for the period in question to bring the ratio into compliance.
Total Debt Service Coverage. As of the last day of the fiscal year ending December 31, 2014, the Total Debt Service Coverage Ratio shall not be less than 0.80:1.00 and as of the last day of the fiscal year ending December 31, 2015, the Total Debt Service Coverage Ratio shall not be less than 1.70:1.00.
Total Debt Service Coverage. Borrower shall maintain Total Debt Service Coverage of not less than 1.0 to 1.0."
Total Debt Service Coverage. The ratio of Operating Cash Flow for any period described below to the sum of the aggregate amount of Total Interest Expense PLUS principal of Indebtedness for Money Borrowed paid (or payable as regularly scheduled principal repayments thereof) by the Borrower and its Consolidated Subsidiaries during the same period, other than principal amounts of any "Term Loan" (as defined in the Existing Credit Agreement or the Second Amended and Restated Revolving Credit and Security Agreement dated as of March 15, 1993, as amended) paid by the Borrower and its Consolidated Subsidiaries during the same period, to be less than:
Total Debt Service Coverage. Section 9.3 is hereby amended to delete the words and phrases herein contained and insert the following in lieu thereof:
