Examples of Collateral Coverage Ratio in a sentence
The SPPS states that, in larger settlements such as towns, planning decisions must, to a large extent, be informed by the provisions made for economic development through the LDP process.
On the Closing Date (and after giving pro forma effect to any Borrowings on such date), the Collateral Coverage Ratio shall not be less than 2.0 to 1.0, as evidenced by a certificate of a Responsible Officer of the Parent.
On the date of such Loan or the issuance of such Letter of Credit hereunder (and after giving pro forma effect thereto), the Collateral Coverage Ratio shall not be less than 1.6 to 1.0 as evidenced by the delivery of a Collateral Coverage Ratio Certificate to the Administrative Agent demonstrating such compliance.
On the Restatement Effective Date (and after giving pro forma effect to any Borrowings on such date), the Collateral Coverage Ratio shall not be less than 2.0 to 1.0.
On the Amortization Date, the Borrower shall prepay the Loans in an aggregate principal amount (together with any accrued and unpaid interest thereon) such that the Non-Loyalty Collateral Coverage Ratio shall not be less than 2.00 to 1.00.