StoneMor Partners L.P. (NYSE:STON) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
• | amend the definition of “Consolidated Leverage Ratio” to permit the Partnership to deduct from Indebtedness the aggregate amount of all unrestricted cash and Cash Equivalents of the Partnership and its Subsidiaries in accounts subject to a first priority, perfected lien (subject to certain permitted liens) in favor of the Administrative Agent in an amount not to exceed $5,000,000; |
• | add provisions relating to a Fixed Charge Coverage Ratio that: |
• | establish a minimum Consolidated Fixed Charge Coverage Ratio (as described below), as of the last day of any fiscal quarter, commencing on September30, 2017, determined for the period of four (4)consecutive fiscal quarters ending on such date, of 1.20:1.00 for the four fiscal quarter period ending on such measurement date; |
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