Examples of Coverage Ratio in a sentence
Permit the Interest Coverage Ratio as of the last day of any fiscal quarter to be less than 2.00 to 1.0.
On the Closing Date (and after giving pro forma effect to any Borrowings on such date), the Collateral Coverage Ratio shall not be less than 2.0 to 1.0.
On the Closing Date (and after giving pro forma effect to any Borrowings on such date), the Collateral Coverage Ratio shall not be less than 2.0 to 1.0, as evidenced by a certificate of a Responsible Officer of the Parent.
To the extent that the Annual Reimbursement Amount declines due to a restructuring, principal pay-down, or other reduction of the debt service for the Public Financing, then the amount to be held in the Reserve Account will be similarly reduced (provided that the Coverage Ratio is still maintained).
The Borrower shall at all times maintain a Revenue Coverage Ratio of at least 1.00 to 1.00.