Quarterly report pursuant to Section 13 or 15(d)

Credit Facilities (Tables)

v2.4.0.8
Credit Facilities (Tables)
 9 Months Ended
Sep. 30, 2013
Text Block [Abstract]  
Summary of Required Covenant Included in Loan Agreements

The Loan Agreements require the Company to maintain the following covenants:

 

Covenant

    Covenant Threshold     As of September 30, 2013  

Minimum Liquidity (defined as available borrowings under the Loan Agreements plus unrestricted cash divided by actual borrowings) of greater than

      5 %      32 % 

12 month rolling Net Interest Margin (starting June, 2014) of greater than:

    $ 0        N/A   

Maximum Debt to Equity Ratio of less than:

      4 to 1        1 to 1