Quarterly report pursuant to Section 13 or 15(d)

Credit Facility (Tables)

v2.4.0.8
Credit Facility (Tables)
 3 Months Ended
Mar. 31, 2014
Text Block [Abstract]  
Summary of Required Covenant Included in Loan Agreements

The Loan Agreements require that we maintain the following covenants:

 

Covenant

    Covenant Threshold  

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

      5 % 

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

    $ 0   

Maximum Debt to Equity Ratio of less than:

      4 to 1