Minimum DSCR Sample Clauses

Minimum DSCR. DSCR at the end of each fiscal quarter shall not be less than 1.40:1.0;
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Minimum DSCR. The Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.50 to 1.00 as of the last day of any fiscal quarter.
Sample 1
Minimum DSCR. NRFC shall not permit DSCR at the end of each fiscal quarter of NFRC to be less than 1.5:1.0.
Sample 1
Minimum DSCR. In the event that the Debt Service Coverage Ratio is, at any time, less than 1.00:1.00 for the trailing twelve (12)-month period, as measured as of the end of any calendar quarter (an “Minimum DSCR Event”), Borrower shall, within thirty (30) days of notice from Administrative Agent of the existence of an Minimum DSCR Event, either (i) prepay the Loans in amount sufficient to produce a Debt Service Coverage Ratio in excess of 1.10:1 for the trailing twelve (12)-month period (the “Minimum DSCR”) or (ii) deliver to Administrative Agent a Letter of Credit, sufficient to produce, if the proceeds of such Letter of Credit were applied to the Loans, to produce a Debt Service Coverage Ratio in excess of the Minimum DSCR.
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Minimum DSCR. Borrower defaults under any of its obligations under Section 9.27 of this Agreement, subject to the cure rights afforded herein.
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Minimum DSCR. Either (i) 1.2x if calculated prior to the Stabilization Date or (ii) 1.25x if calculated on or after the Stabilization Date.
Sample 1
Minimum DSCR. 1.68% based on the ratio of (a) Lender's determination of sustainable net operating income, adjusted for applicable reserves for the trailing 12 month period ending October 31, 2001, to (b) the debt service under the Loan assuming an interest rate of 8.00%. Lender will reduce the Loan Amount if (i) yields on the One- Month LIBOR exceed 4.00% at Initial Rate Determination in order to maintain a Minimum DSCR or 1.68%, or (ii) Lender determination of sustainable net operating income is reduced. (For informational purposes only, One-Month LIBOR is approximately 2.10% on the date of this Commitment.)
Sample 1
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Related to Minimum DSCR

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Minimum Debt Service Coverage The Borrower will not at any time permit the outstanding principal amount of the Unsecured Indebtedness to exceed an amount such that: (a) the Unencumbered Net Operating Income, divided by (b) Pro Forma Unsecured Debt Service Charges would be less than 1.5 for any Fiscal Quarter.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Minimum Fixed Charge Coverage Ratio The Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.05 to 1.00, measured as of the last day of each Fiscal Quarter for the prior four fiscal quarters subject to adjustments to such measurement period as set forth in the definition of Fixed Charge Coverage Ratio.

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