Common use of Minimum Debt Service Clause in Contracts

Minimum Debt Service. Borrower shall maintain, as of the last day of the fiscal quarter ending November 30, 1998 and as of the last day of each fiscal quarter beginning with the fiscal quarter ending August 31, 1999, a Debt Service ratio of at least 1.50 to 1.00.

Minimum Debt Service. Borrower shall maintain, as of the last day of the fiscal quarter ending November 30, 1998 and as of the last day of each fiscal quarter beginning with the fiscal quarter ending August 31, 19991997, a Debt Service ratio of at least 1.50 to 1.00.