Cash Flow Coverage Ratio. The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.
Appears in 3 contracts
Sources: Security Agreement (Zone Mining LTD), Security Agreement (Uni-Pixel), Security Agreement (Uni-Pixel)
Cash Flow Coverage Ratio. The ratio of (a) the Company’s Borrower's Cash Flow to (b) the sum of (i) the Company’s Borrower's consolidated Interest Expense plus (ii) the Company’s Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended1.
Appears in 3 contracts
Sources: Loan Agreement (Vpgi Corp), Loan Agreement (Continential Southern Resources Inc), Loan Agreement (Stellar Technologies, Inc.)
Cash Flow Coverage Ratio. The ratio of (a) the Company’s 's Cash Flow to (b) the sum of (i) the Company’s 's consolidated Interest Expense plus (ii) the Company’s 's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended1.
Appears in 3 contracts
Sources: Securities Agreement (Maverick Oil & Gas, Inc.), Security Agreement (BPK Resources Inc), Security Agreement (AFG Enterprises USA, Inc.)
Cash Flow Coverage Ratio. The ratio of (a) the Company’s Borrower's Cash Flow to (b) the sum of (i) the Company’s Borrower's consolidated Interest Expense plus (ii) the Company’s Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.
Appears in 2 contracts
Sources: Loan Agreement (International Travel Cd S Inc), Loan Agreement (Continental Southern Resources Inc)
Cash Flow Coverage Ratio. The ratio of (a) the Company’s Borrower's Cash Flow to (b) the sum of (i) the Company’s Borrower's consolidated Interest Expense plus (ii) the Company’s Borrower=s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended1.
Appears in 1 contract
Sources: Loan Agreement (Bepariko Biocom)