Common use of Minimum Borrowing Base Debt Service Coverage Ratio Clause in Contracts

Minimum Borrowing Base Debt Service Coverage Ratio. The Borrowers will not at any time during any period set forth in the table below permit the Borrowing Base Debt Service Coverage Ratio to be less than the percentage corresponding to such period. Closing Date to but excluding June 30, 2013 1.30 to 1.00 June 30, 2013 to but excluding December 31, 2013 1.40 to 1.00 December 31, 2013 to but excluding March 31, 2014 1.60 to 1.00 March 31, 2014 to but excluding December 31, 2015 1.750 to 1.00 On and after December 31, 2015 2.00 to 1.00

Minimum Borrowing Base Debt Service Coverage Ratio. The Commencing with the calendar quarter ending September 30, 2007 and continuing at all times thereafter, the Borrowers will not at any time during any period set forth in the table below permit the Borrowing Base Debt Service Coverage Ratio to be less than the percentage corresponding to such period. Closing Date to but excluding June 30, 2013 1.30 to 1.00 June 30, 2013 (or less than 1.35 to but excluding December 31, 2013 1.40 to 1.00 December 31, 2013 to but excluding March 31, 2014 1.60 to 1.00 March 31, 2014 to but excluding December 31, 2015 1.750 to 1.00 On and after December 31, 2015 2.00 to 1.001.0 following the occurrence of the Capital Event).