Unencumbered Assets Coverage Ratio Clause Samples

The Unencumbered Assets Coverage Ratio clause defines the minimum proportion of a borrower's assets that must remain free from liens or other encumbrances relative to outstanding debt. In practice, this clause requires the borrower to maintain a specified ratio, ensuring that a certain value of assets is always available and unpledged, which can be verified through regular financial reporting. Its core function is to protect lenders by ensuring there are sufficient unencumbered assets that could be used to satisfy obligations in the event of default, thereby reducing the lender's risk exposure.
Unencumbered Assets Coverage Ratio. Permit the Unencumbered Assets Coverage Ratio to be less than 2.0:1.0 at any time.
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Unencumbered Assets Coverage Ratio. The Loan Parties shall be in compliance with Section 10.18 after giving effect to such Borrowing. SECTION 12.
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Unencumbered Assets Coverage Ratio. The Loan Parties will not permit the Unencumbered Assets Coverage Ratio to be less than 1.20 to 1.00 at any time. The Unencumbered Assets Coverage Ratio will be tested as of the last day of each fiscal quarter of ▇▇▇▇▇▇ ▇▇▇▇▇▇ and on the date of and after giving effect to any Borrowing.
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Unencumbered Assets Coverage Ratio. 70 10.19 Indebtedness ......................................................................................................... 71 10.20 Liens ..................................................................................................................... 71 10.21 Pari Passu Obligations ......................................................................................... 72 10.22 Transactions with Loan Party-Related Parties ..................................................... 72 10.23 [Reserved]. ........................................................................................................... 72
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Unencumbered Assets Coverage Ratio. The Loan Parties shall be in compliance with Section 10.18 after giving effect to such Borrowing. Each request for a Credit Extension (other than a Loan Request requesting only a conversion of Loans) submitted by a Borrower shall be deemed to be a representation and warranty by such Borrower that the conditions specified in Sections 11.2(a), (b) and (e) have been satisfied on and as of the date of the applicable Credit Extension.
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Unencumbered Assets Coverage Ratio. The Borrowers will not permit the Unencumbered Assets Coverage Ratio to be less than 1.20 to 1.00 at any time. The Unencumbered Assets Coverage Ratio will be tested as of the last day of each fiscal quarter of Triton Holdco and on the date of and after giving effect to any Borrowing.
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Related to Unencumbered Assets Coverage Ratio

  • Asset Coverage Ratio The Borrower will not permit the Asset Coverage Ratio to be less than 1.50 to 1 at any time.

  • Cash Flow Coverage Ratio The ratio of (a) the Company’s Cash Flow to (b) the sum of (i) the Company’s consolidated Interest Expense plus (ii) the Company’s scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.0. Compliance with the ratio will be tested as of the last day of each month, with Cash Flow and Interest Expense being calculated for the twelve months then ended.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Minimum Consolidated Net Worth Consolidated Net Worth will at no time be less than $550,000,000 plus 25% of the consolidated net income of the Borrower at the end of each fiscal quarter for each fiscal year commencing after the fiscal year ending December 31, 1994.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and