Minimum Coverage Ratio definition

Minimum Coverage Ratio at any fiscal quarter end, the ratio of (a) Adjusted Net Income, to (b) Rent minus interest income determined on a Consolidated basis, plus Consolidated interest expense, in each case referred to in this definition for the four consecutive fiscal quarters then ended.

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Minimum Coverage Ratio means each of the Minimum Asset Coverage Ratio and the Minimum Debt Service Coverage Ratio.

Minimum Coverage Ratio has the meaning ascribed to it in Section 5(l)(i). Monte Alegre - See Preamble.

Examples of Minimum Coverage Ratio in a sentence

At each fiscal quarter end, have a Minimum Coverage Ratio of not less than 2.50:1.00.
Borrower will maintain a Minimum Coverage Ratio of not less than 1.3 to 1 for the twelve (12) month period ending on the last day of the next preceding month and for the projected subsequent two (2) twelve (12) month periods as forecast in the Operating Plans and Budgets.
Subject to the terms of Section 2.07, Borrower shall be in compliance with the Minimum Coverage Ratio Test at all times.
Within such sixty (60) day period, Recipient shall certify on oath in writing to MBPE that such return or destruction has been completed.
If for any reason the Borrower is not in position to pledge additional NG Stock in order to maintain the Minimum Coverage Ratio, then the Borrower may elect to maintain from time to time in addition to the Pleged Shares, a cash collateral over Cash Equivalents, as collateral for the guarantee of the full and prompt payment and performance when due of all of the Borrower’s obligations under this Agreement and the Note.

More Definitions of Minimum Coverage Ratio

Minimum Coverage Ratio has the meaning given to such term in Section 9.1 of this Agreement.

Minimum Coverage Ratio means, on any date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense.

Minimum Coverage Ratio means 140% and shall be calculated by dividing one hundred percent (100%) of the then outstanding Revolving Loans by approximately 70% of the unpaid principal balance of Eligible Accounts, each measured as of the time of such determination.

Minimum Coverage Ratio means, at any time, the ratio of (i) Adjusted Consolidated Cash Flow for any calendar quarter or calendar year, as applicable, to (ii) the aggregate amount of all principal and interest payable by the Borrower and its Subsidiaries on account of Indebtedness during such calendar quarter or calendar year.

Minimum Coverage Ratio has the meaning assigned to that term in Section 2.1. "Obligations" has the meaning assigned such term in the Credit Agreement and shall also include, without limitation, Borrower's performance obligations thereunder, including without limitation, its obligation to perform Section 7.6A thereof. "payment in full", "paid in full" or any similar term means the indefeasible payment in full of the Obligations or the Make-Well Obligations, as the case may be, including, without limitation, all principal, interest, costs, fees, expenses and indemnities (including, without limitation, legal fees and expenses) of Lenders and Administrative Agent as required under the Loan Documents.

Minimum Coverage Ratio means, as of any date, a fraction, the numerator of which shall be an amount equal to the Pledged Shares Value as of such date, and the denominator of which shall be the sum of (i) the aggregate principal amount of the Advance outstanding as of such date, minus (ii) an amount equal to the Cash Collateral Value as of such date.

Minimum Coverage Ratio means a ratio determined by the Buyer and reported in the Buyer Relevant Systems in relation to an Equity Bridge Facility which aims at ensuring that undrawn capital commitments of the Fund can cover for possible drawings under the Equity Bridge Facility;