Examples of Required Coverage Ratio in a sentence
At all times during which this Section 5.2(c) shall be in effect, the ratio of (i) the sum of the outstanding Advances under the Revolving Note plus the L/C Amount plus the outstanding “Advances” under the Ex-Im Credit Agreement to (ii) cash and Cash Equivalents of Company in which Xxxxx Fargo has a perfected first priority security interest, shall not exceed the Required Coverage Ratio (as defined below).
Notes, if the Interest Coverage Test or the Overcollateralization Ratio Test is listed as "N/A" in the definition of Required Coverage Ratio then such Coverage Test shall not be applicable with respect to such Class for all purposes herein.
At all times that the Senior Leverage Ratio is (i) greater than or equal to .50 to 1.00 permit the Required Coverage Ratio to be less than 1.60 to 1.00, or (ii) less than .50 to 1.00 permit the Required Coverage Ratio to be less than 1.50 to 1.00.
The Coverage Ratios for each of the two semi-annual Rent Payment Periods immediately preceding the Rent Payment Date referred to in paragraph 2 above (based on actual operating history) are [equal to] [greater than] the Required Coverage Ratio, and the Pro Form Coverage Ratios for each of the four semi-annual periods immediately succeeding such Rent Payment Date (based on Pro Forma projections) are [equal to] [greater than] the Required Coverage Ratio.
At all times during which this Section 5.2(c) shall be in effect, the ratio of (i) the sum of the outstanding Advances under the Revolving Note, plus the outstanding principal balance of the CapEx Term Advance, plus the L/C Amount, plus the outstanding “Advances” under the Ex-Im Credit Agreement to (ii) cash and Cash Equivalents of Company in which Xxxxx Fargo has a perfected first priority security interest, shall not exceed the Required Coverage Ratio (as defined below).