Annual report pursuant to Section 13 and 15(d)

Credit Facilities (Tables)

v2.4.1.9
Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Summary of Required Covenant Included in Loan Agreements

The Loan Agreements require that we maintain the following financial 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 of greater than:

      zero   

Maximum Debt to Equity Ratio of less than: (1)

      4 to 1   

 

(1) Debt is defined as total indebtedness excluding accounts payable and accrued expenses and nonrecourse debt.