Examples of PDP Coverage Ratio in a sentence
The Borrower will not permit, as of the last day of any fiscal quarter ending on or after December 31, 2017, the PDP Coverage Ratio to be less than 1.65 to 1.00.
Permit (i) the Reserve Coverage Ratio at June 30 or December 31 of any fiscal year to be less than 3.00 to 1.00 or (ii) the PDP Coverage Ratio at June 30 or December 31 of any fiscal year to be less than 0.50 to 1.00.
Flotats A, Carrio I, Agostini D, Le Guludec D, Marcassa C, Schafers M, et al.
Permit (i) the Reserve Coverage Ratio at June 30 or December 31 of any fiscal year to be less than 2.50 to 1.00 or (ii) the PDP Coverage Ratio at June 30 or December 31 of any fiscal year to be less than 0.50 to 1.00.
The Credit Parties will not, as of the PDP Coverage Ratio Test Date, permit the PDP Coverage Ratio as of such date to be less than 1.50 to 1.00.