Minimum DSCR Sample Clauses

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Minimum DSCR. Permit the Debt Service Coverage Ratio of Holdings and its Subsidiaries calculated on the last day of any Fiscal Quarter of Holdings (beginning with the Fiscal Quarter period ended September 30, 2024) ending as of the last day of any Fiscal Quarter (i) until June 30, 2025 to be less than 1.35 to 1.00 and (ii) thereafter to be greater than 1.50 to 1.00; provided, however, with respect to this Section 7.1(c), Holdings and its Subsidiaries shall be permitted up to two (2) instances from and after the Closing Date until June 30, 2025 to allow the Debt Service Coverage Ratio (as determined on the last day of each Fiscal Quarter) to be less than 1.35 to 1.00 but greater than or equal to 1.20 to 1.00.
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Minimum DSCR. DSCR at the end of each fiscal quarter shall not be less than 1.40:1.0;
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Minimum DSCR. The Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.00 to 1.00 as of the last day of any fiscal quarter.”
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Minimum DSCR. In the event that the Debt Service Coverage Ratio is, at any time, less than 1.00:1.00 for the trailing twelve (12)-month period, as measured as of the end of any calendar quarter (an “Minimum DSCR Event”), Borrower shall, within thirty (30) days of notice from Administrative Agent of the existence of an Minimum DSCR Event, either (i) prepay the Loans in amount sufficient to produce a Debt Service Coverage Ratio in excess of 1.10:1 for the trailing twelve (12)-month period (the “Minimum DSCR”) or (ii) deliver to Administrative Agent a Letter of Credit, sufficient to produce, if the proceeds of such Letter of Credit were applied to the Loans, to produce a Debt Service Coverage Ratio in excess of the Minimum DSCR.
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Minimum DSCR. Borrower defaults under any of its obligations under Section 9.27 of this Agreement, subject to the cure rights afforded herein.
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Minimum DSCR. NRFC shall not permit DSCR at the end of each fiscal quarter of NFRC to be less than 1.5:1.0.
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Minimum DSCR. 1.68% based on the ratio of (a) Lender's determination of sustainable net operating income, adjusted for applicable reserves for the trailing 12 month period ending October 31, 2001, to (b) the debt service under the Loan assuming an interest rate of 8.00%. Lender will reduce the Loan Amount if (i) yields on the One- Month LIBOR exceed 4.00% at Initial Rate Determination in order to maintain a Minimum DSCR or 1.68%, or (ii) Lender determination of sustainable net operating income is reduced. (For informational purposes only, One-Month LIBOR is approximately 2.10% on the date of this Commitment.)
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Minimum DSCR. Either (i) 1.2x if calculated prior to the Stabilization Date or (ii) 1.25x if calculated on or after the Stabilization Date.
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Minimum DSCR. The (i) Prior to June 30, 2024, the Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.00 to 1.00 as of the last day of any fiscal quarter. (ii) From and after June 30, 2024 until June 30, 2025, the Borrower shall not permit the Debt Service Coverage Ratio to be less than 1.50 to 1.00 as of the last day of any fiscal quarter; provided, however, with respect to this Section 10.1(c)(ii), the Borrower shall be permitted up to two (2) instances from and after the Third Amendment Effective Date until June 30, 2025 to allow the Debt Service Coverage Ratio (as determined on the last day of each fiscal quarter) to be less than 1.50 to 1.00 but greater than or equal to 1.35 to 1.00 (a “DSCR Surge”). (iii) Thereafter, the Borrower shall not permit the Debt Service Coverage Ratio to be less than 2.00 to 1.00 as of the last day of any fiscal quarter.
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Related to Minimum DSCR

  • Minimum Debt Service Coverage Ratio Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.