Common use of Commencing December Clause in Contracts

Commencing December. 31. 2017, so long as any amount under the Term Loan remains outstanding or is owing to Lenders the Borrower shall procure that there be maintained the following ratios regarding the performance of the Borrower, the same to be tested semi-annually on a trailing 12 months basis against the consolidated results of the Borrower: a) Minimum Current Ratio of 1.1; b) Minimum Debt Servicing Coverage Ratio of: (i) from the date of first testing to December 31, 2018 of 1.1; and (ii) thereafter of 1.2;