To Maintain. (i) At all times a Maximum Leverage Ratio, the ratio of total unsubordinated liabilities to tangible net worth of not greater than 0.80 to 1.0. (ii) As at each fiscal year-end, a Debt Service Coverage Ratio, the ratio of net profits plus depreciation and amortization to the current portion of long-term debt, (the principal and interest due in respect of long-term debt for the ensuing twelve-month period), of not less than 1.2 to 1.0.
Appears in 2 contracts
Sources: Secured Commercial Note (American Technical Ceramics Corp), Secured Commercial Note (American Technical Ceramics Corp)