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Common use of Asset Coverage Test Clause in Contracts

Asset Coverage Test. The Borrower will not permit, as of any Asset Coverage Test Date, Asset Coverage Ratio to be less than 1.5 to 1.0.

Appears in 3 contracts

Sources: Second Lien Credit Agreement (Sundance Energy Australia LTD), Second Lien Credit Agreement (Sundance Energy Australia LTD), Second Lien Credit Agreement (Sundance Energy Australia LTD)

Related Clauses

  • Asset Coverage
  • Asset Coverage Ratio
  • Insurance Coverage Requirements
  • Minimum Interest Coverage
  • Coverage Requirements

Parent Clauses

  • NEGATIVE COVENANTS
  • Financial Covenants
  • Financial Performance Covenants
  • CONDITIONS TO CLOSING
  • DEUTSCHE TRUSTEE COMPANY

Sub-Clauses

  • For W
  • Events of Default
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