Certain Financial Covenants. The Borrower will not: (a) permit the Leverage Ratio on any date to exceed 8.00:1.00; (b) permit the Interest Coverage Ratio to be less than 2.00:1.00 for any period of four fiscal quarters ending after the Restatement Effective Date; and (c) permit Long-Term Assets Under Management at any time to be less than or equal to the Minimum AUM.
Appears in 2 contracts
Sources: Five Year Competitive Advance and Revolving Credit Facility Agreement (Janus Capital Group Inc), Five Year Competitive Advance and Revolving Credit Facility Agreement (Janus Capital Group Inc)
Certain Financial Covenants. The Borrower will not:
(a) permit the Leverage Ratio on any date to exceed 8.00:1.004.00:1.00;
(b) permit the Interest Coverage Ratio to be less than 2.00:1.00 3.50:1.00 for any period of four fiscal quarters ending after the Restatement Effective Closing Date; and
(c) permit Long-Term Assets Under Management at any time to be less than or equal to the Minimum AUM, on average, for any consecutive three-Business Day period.
Appears in 2 contracts
Sources: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Janus Capital Group Inc), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Janus Capital Group Inc)