Interest Coverage Ratio. The [[Organization A:Organization]] will maintain at all times an Interest Coverage Ratio of not less than 5 to 1.
Consolidated Interest Coverage Ratio. As of the last day of each fiscal quarter, [[Borrower Agent:Organization]] shall maintain a ratio (the “Interest Coverage Ratio”) of # the Adjusted Net Income of [[Borrower Agent:Organization]] plus interest expense of [[Borrower Agent:Organization]], each on a trailing twelve month basis (numerator), to # interest expense of [[Borrower Agent:Organization]] on a trailing twelve month basis (denominator) of not less than 1.5:1.0. As used herein, “interest expense” means the aggregate amount of interest expense of [[Borrower Agent:Organization]] accruing during such fiscal period in accordance with GAAP on all Funded Debt (including Borrowers’ Obligations to Agent and Lenders), as such interest expense is reflected in the financial statements of Regional in accordance with GAAP (including as such interest expense may be increased or decreased in accordance with GAAP as a result of any applicable interest rate Hedge Agreements); provided that, notwithstanding the foregoing, interest expense # in respect of Bank Product Obligations or # constituting amortized debt issuance costs, in each case, shall not be included as interest expense in the calculation of such ratio.
Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrowers following the ClosingRestatement Date to be less than 2.50 to 1.00.
Section # Minimum Interest Coverage Ratio. Commencing with and including its fiscal quarter ending June 30, 2016, the Company will not permit the Interest Coverage Ratio as of the end of any fiscal quarter of the Company for the four fiscal quarter period then ended to be less than 3.5 to 1.0.
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.
“Fixed Charge Coverage Ratio” means the ratio of # Cash Flow for the fiscal quarter ended on the date of determination, to # all cash payments of principal and interest on Borrower’s debt during such period, including the principal and interest portion of all Capital Lease Obligations.
Section # Minimum Consolidated Fixed Charge Coverage Ratio 119117
Borrower’s Tangible Net Worth as of the Date greater than or equal to the greater of # $20,000,000, and # Item 4(a)(ix), as required to be in compliance with [Section 6.1(q)] of the Loan Agreement.
§9.2 Minimum Fixed Charge Coverage Ratio. The Fixed Charge Ratio shall not be less than 1.50 to 1.0.
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