Common use of Default Ratio Clause in Contracts

Default Ratio. The Default Ratio shall equal or exceed 2.00% on a rolling three-fiscal-month average basis at any time on or after the date hereof. (m) Section 10.2.5 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

Appears in 1 contract

Sources: Loan Agreement (G&k Services Inc)

Default Ratio. The Default Ratio shall be equal to or exceed 2.001.0% on a rolling three-fiscal-three month average basis at any time on or after the date hereofbasis.” (md) Section 10.2.5 10.2(d) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

Appears in 1 contract

Sources: Loan Agreement (Covenant Transportation Group Inc)