Debt Service Ratio. Commencing with the quarter ending December 31, 2007, Borrower shall maintain, tested as of the end of each fiscal quarter during the term of the Loan, a Debt Service Ratio for the Facility of not less than 1.20 to 1.0.
Appears in 2 contracts
Sources: Loan and Security Agreement (Sunrise Senior Living Inc), Loan and Security Agreement (Sunrise Senior Living Inc)
Debt Service Ratio. Commencing with the quarter ending December March 31, 20072010, Borrower shall maintain, tested as of the end of each fiscal quarter during the term of the Loan, a Debt Service Ratio for the Facility of not less than 1.20 to 1.0.
Appears in 2 contracts
Sources: Loan Agreement (Sunrise Senior Living Inc), Loan Agreement (Sunrise Senior Living Inc)