Examples of Minimum Asset Coverage Ratio in a sentence
Minimum Asset Coverage Ratio (Monthly) 1.25 : 1.00 _____: 1.00 Yes No Telkonet, Inc.
The Board of Directors shall not declare any dividend (except a dividend payable in Common Shares) upon the Common Shares, or purchase Common Shares, unless in every such case immediately after such transaction the Fund would satisfy the Minimum Asset Coverage Ratio after deducting the amount of such dividend or purchase price, as the case may be.
In determining the Preferred Shares required to be redeemed in accordance with the foregoing, the Fund shall allocate the number required to be redeemed to satisfy the Preferred Shares Basic Maintenance Test or the Minimum Asset Coverage Ratio, as the case may be, pro rata among Preferred Shares and other preferred stock subject to redemption or retirement (and then, pro rata among each series of Preferred Shares).
Trailing 3 month EBITDA – September 30, 2017 Negative deviation ≤ 25% from Financial Plan $__________ ___% Yes No Trailing 6 month EBITDA – quarterly (beginning with December 31, 2017) Negative deviation ≤ 25% from Financial Plan $__________ ___% Yes No Minimum Asset Coverage Ratio – monthly 1.25 : 1.00 ____:1.00 Yes No Comments Regarding Exceptions: See Attached.
The Board of Directors shall not declare any dividend (except a dividend payable in Common Shares), or declare any other distribution, upon the Common Shares, or purchase Common Shares, unless in every such case immediately after such transaction the Fund would satisfy the Minimum Asset Coverage Ratio after deducting the amount of such dividend, distribution or purchase price, as the case may be.