Borrower’s Interest Coverage Ratio on the Date greater than or equal to 1.25 to 1.0, the minimum Interest Coverage Ratio permitted to be maintained by Borrower pursuant to [Section 6.1(r)] of the Loan Agreement.
Minimum Interest Coverage Ratio. Permit the Interest Coverage Ratio as of the last day of any fiscal quarter, commencing with the fiscal quarter ending March 31, 2018, to be less than the ratio set forth below with respect to such fiscal quarter:
Minimum Interest Coverage Ratio. will not permit the ratio, determined as of the end of each of its Fiscal Quarters, of # Consolidated EBITDA to # Consolidated Interest Expense, in each case for the period of four (4) consecutive Fiscal Quarters ending with the end of such Fiscal Quarter, to be less than 2.50 to 1.00.
Minimum Unencumbered Interest Coverage Ratio. Permit the Unencumbered Interest Coverage Ratio, as of the last day of any fiscal quarter of the Borrower, to be less than 1.75:1.00.
Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.
Interest Coverage Ratio. [[Organization A:Organization]] will not permit the Interest Coverage Ratio as of the last Business Day of any fiscal quarter to be less than 1.25.
Asset Coverage Ratio. The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1.00 at any time. The Borrower will not permit the “asset coverage” ratio under the Investment Company Act to be less than the percentage required under the Investment Company Act for the Borrower to issue or sell any class of senior security (as defined under the Investment Company Act).
Senior Coverage Ratio. The Borrower will not permit the Senior Coverage Ratio to be less than 2.00 to 1.00 at any time.
Minimum Interest. In all events and under all circumstances and notwithstanding anything to the contrary contained in this Agreement, but subject to [Section 2.2.4], in connection with each and every Minimum Interest Principal Paydown, shall be obligated to pay to the applicable Minimum Interest Payment Amount. In furtherance of the foregoing, expressly acknowledges and agrees that # shall have no obligation to accept any prepayment or repayment of the Loan unless and until shall have complied with this [Section 2.4.4] and has deposited with all Interest Shortfall and Breakage Costs, as applicable in accordance with [Section 2.4.1], # shall have no obligation to release or, if requested by , assign the Note and Mortgage upon payment of the Debt unless and until shall have received each and every Minimum Interest Payment Amount due under this [Section 2.4.4], together with all Interest Shortfall and Breakage Costs, as applicable in accordance with [Section 2.4.1], and # each and every prepayment of the Debt is subject to the terms of this Loan Agreement and nothing in this [Section 2.4.4] gives any right to prepay any portion of the Debt. In the event that any Minimum Interest Payment Amount is due hereunder, shall deliver to a statement setting forth the amount and determination of the Minimum Interest Payment Amount. ’s computation of the Minimum Interest Payment Amount shall be conclusive and binding on for all purposes, absent manifest error, and ’s calculation may be made by on any day during the fifteen (15) day period preceding the date of such prepayment. shall not be obligated or required to have actually reinvested the prepaid principal balance at the Benchmark or otherwise as a condition to receiving the Minimum Interest Payment Amount. expressly acknowledges and agrees that the Minimum Interest Payment Amount shall constitute # additional consideration for the Loan and # a portion of the Debt, and shall, upon payment, be the sole and exclusive property of . Notwithstanding the foregoing or anything else herein to the contrary, payment of the Minimum Interest Payment shall be waived in connection with # prior to Completion, prepayment in full of the Loan in connection with a bona fide “arms-length” sale of the Property to a third party, which shall be no sooner than fifteen (15) days prior to the receipt by the of all temporary certificates of occupancy for the Project and the Property required under applicable Legal Requirements and # after the Project is Complete, prepayment in full of the Loan.
Minimum Current Ratio. The Borrower will not, as of the last day of any Fiscal Quarter (commencing with the Fiscal Quarter ending June 30, 2018), permit the Current Ratio to be less than 1.00 to 1.00.
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