Common use of Coverage Ratios Clause in Contracts

Coverage Ratios. The Loan Servicer shall have received, in form and substance satisfactory to each Relevant Credit Party, a certificate setting forth calculations, consistent with the Base Case Projections delivered pursuant to Section 4.1.4 indicating that throughout the term of the DOE Credit Facility a minimum annual Debt Service Coverage Ratio of 1.30 to 1 for the period after the Project Completion Date is expected to be achieved.

Appears in 2 contracts

Sources: Common Agreement (Beacon Power Corp), Common Agreement (Beacon Power Corp)

Coverage Ratios. The Loan Servicer shall have received, in form and substance satisfactory to each Relevant Credit Party, a certificate setting forth calculations, consistent with evidence that the Base Case Projections delivered pursuant to Section 4.1.4 indicating that indicate throughout the term of the DOE Credit Facility a minimum annual Debt Service Coverage Ratio of 1.30 1.20 to 1 for the period after the Project Completion Date is expected to be achieved.

Appears in 1 contract

Sources: Common Agreement (Solyndra, Inc.)