Common use of Debt Service Ratios Clause in Contracts

Debt Service Ratios. Maintain a ratio of Adjusted EBITDA to Debt Service less than: (i) for the first calendar quarter of 2000, 1.25:1.0; and (ii) for the second calendar quarter of 2000 and at all times thereafter up to and including the Maturity Date, 1.5:1.0.

Appears in 1 contract

Sources: Credit Agreement (Homestead Village Inc)

Debt Service Ratios. Maintain a ratio of Adjusted EBITDA to Debt Service less than: on a quarterly basis (i) for the first calendar quarter of 20001998 of less than 1.1:1.0, 1.25:1.0; and (ii) for the second calendar calender quarter of 2000 1998 of less than 1.25:1.0, and at all times thereafter up to and including (iii) of less than 1.75:1.0 after the Maturity Date, 1.5:1.0second calender quarter of 1998.

Appears in 1 contract

Sources: Credit Agreement (Homestead Village Inc)