Common use of Interest Coverage Test Clause in Contracts

Interest Coverage Test. The Borrower shall not permit the Interest Coverage Ratio (monitored and tested quarterly as of the last day of each fiscal quarter) to be less than 1.50 to 1.0 (the “Interest Coverage Test”); provided, however, that should the Interest Coverage Test ever not be satisfied, Borrower shall not be in default hereunder so long as Borrower shall at all times maintain Unrestricted Cash of Borrower in an amount equal to the greater of (i) $25,000,000, or (ii) the sum of (i) the trailing twelve month Consolidated Interest Expense plus (ii) the aggregate principal amount of Consolidated Indebtedness maturing in the next twelve months (the “Minimum Liquidity Amount”).

Interest Coverage Test. The Borrower shall not permit the Interest Coverage Ratio (monitored and tested quarterly as of the last day of each fiscal quarter) to be less than 1.50 to 1.0 (the “Interest Coverage Test”); provided, however, that should the Interest Coverage Test ever not be satisfied, Borrower shall not be in default hereunder so long as Borrower shall at all times maintain Unrestricted Cash of Borrower in an amount equal to the greater of (i) $25,000,000, or (ii) the sum of (i) the trailing twelve month Consolidated Interest Expense Incurred, plus (ii) the aggregate principal amount of Consolidated Indebtedness maturing in the next twelve months (the “Minimum Liquidity Amount”).

Interest Coverage Test. The Borrower shall not permit the Interest Coverage Ratio (monitored and tested quarterly as of the last day of each fiscal quarter) to be less than 1.50 to 1.0 (the “"Interest Coverage Test”"); provided, however, that should the Interest Coverage Test ever not be satisfied, Borrower shall not be in default hereunder so long as Borrower shall at all times maintain Unrestricted Cash of Borrower in an amount equal to the greater of (i) $25,000,000, or (ii) the sum of (i) the trailing twelve month Consolidated Interest Expense Incurred, plus (ii) the aggregate principal amount of Consolidated Indebtedness maturing in the next twelve months (the “"Minimum Liquidity Amount”").”