Common use of Retrospective Requirement Clause in Contracts

Retrospective Requirement. The average Coverage Ratios achieved by the Borrower in the 2 best years out of the 3 most recent calendar years must be not less than any of the following: TIER = 1.25 DSC = 1.25 OTIER = 1.1 ODSC = 1.1 ELC-09-08-012-WY

Retrospective Requirement. The average Coverage Ratios achieved by the Borrower in the 2 best years out of the 3 most recent calendar years must be not less than any of the following: TIER = 1.25 DSC = 1.25 OTIER = 1.1 ODSC = 1.1 ELC-09-08-012-WY1.1