MoneyGram 2009 Annual Report Download - page 244

(viii) customary provisions in joint venture agreements, asset sale agreements, sale-lease back agreements and other similar agreements;
(ix) customary provisions contained in leases and other agreements entered into in the ordinary course of business;
(x) any agreement for the sale or other disposition of a Borrower Subsidiary that restricts dividends, distributions, loans or advances by such Borrower
Subsidiary pending such sale or other disposition;
(xi) Permitted Liens;
(xii) restrictions and conditions contained in documentation governing any Receivables Transaction permitted by this Agreement, which restrictions and
conditions apply only to the assets that are the subject of such Receivables Transaction or otherwise customary for such facilities.
(xiii) restrictions and conditions on the creation or existence of Liens imposed by the terms of the documentation governing any Indebtedness or
preferred stock of a Non-Guarantor, which Indebtedness or preferred stock is permitted by Section 6.11;
(xiv) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted under Section 6.14 and
applicable solely to such joint venture entered into in the ordinary course of business; and
(xv) any encumbrances or restrictions of the type referred to in the lead-in to this Section 6.18 imposed by any amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses
(i) through (xiv) above; provided, that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or
refinancings are not materially more restrictive, taken as a whole, with respect to such encumbrance and other restrictions than those prior to such
amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.
Section 6.19 Financial Covenants.
6.19.1 Interest Coverage Ratio. The Borrower will not permit the ratio, determined as of the end of each of the Borrower's fiscal quarters for the then
most-recently ended four fiscal quarters, commencing with the fiscal quarter ending March 31, 2009, of (i) Consolidated EBITDA of the Borrower and its
Subsidiaries for such period to (ii) the sum of (x) Consolidated Interest Expense of the Borrower and its Subsidiaries for such period paid or payable in cash
less (y) (to the extent less than or equal to Consolidated Interest Expense) interest income of the Borrower and its Subsidiaries during such period attributable
to Cash and Cash Equivalents (and not to Portfolio Securities) to be less than the applicable ratio set forth below for such fiscal quarter:
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