Implied Loan Amount means a principal amount which would generate as of any Calculation Date an Implied Debt Service Coverage Ratio of 1.70 to 1.00, which Implied Loan Amount may be revised by the Administrative Agent after the Closing Date or as of the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent, to reflect additions, removals and other adjustments to the Borrowing Base Properties since the Closing Date or the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent.
Implied Loan Amount means, as of any date of determination, the amount of hypothetical Indebtedness that would result, on a proforma basis, in a Consolidated Debt Service Coverage Ratio as of such date of determination equal to 1.60 to 1.0; provided that in calculating such proforma Consolidated Debt Service Coverage Ratio, the Adjusted NOI of any Borrowing Base Property shall not exceed twenty five percent (25%) of the aggregate Adjusted NOI for all Borrowing Base Properties.
Implied Loan Amount means a principal amount which would generate as of any Calculation Date an Implied Debt Service Coverage Ratio of 1.35 to 1.00, which Implied Loan Amount may be revised by the Administrative Agent after the Closing Date or as of the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent, to reflect additions, removals and other adjustments to the Stabilized Assets since the Closing Date or the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent.
Examples of Implied Loan Amount in a sentence
In any other case, the Speaker shall notify the matter to a meeting of the Chamber.
More Definitions of Implied Loan Amount
Implied Loan Amount means, as of any date of determination, the amount of Indebtedness that would result, on a proforma basis, in a Consolidated Debt Service Coverage Ratio as of such date of determination equal to 1.60 to 1.0; provided that in calculating such proforma Consolidated Debt Service Coverage Ratio, the Adjusted NOI of any Borrowing Base Property shall not exceed twenty-five percent (25%) of the aggregate Adjusted NOI for all Borrowing Base Properties.
Implied Loan Amount means, as of any date of determination and without duplication, the amount of Outstanding Amount plus the “hypothetical Outstanding Amount” (under and as used in the Existing Revolving Credit Agreement) plus the aggregate unsecured Indebtedness (other than the Incentive Listing Fee Note) of the Consolidated Group that would result, on a pro forma basis, in a Borrowing Base Debt Service Coverage Ratio as of such date of determination equal to 1.50 to 1.0.
Implied Loan Amount means, as of any date of determination, the amount of hypothetical Outstanding Amount plus the aggregate unsecured Indebtedness of the Consolidated Group that would result, on a proforma basis, in a Borrowing Base Interest Coverage Ratio as of such date of determination equal to 1.65 to 1.0.
Implied Loan Amount has the meaning specified in Section 4.01(b).
Implied Loan Amount means, as of any date, the amount that would result in a Consolidated Unencumbered DSCR, after giving effect to all Credit Extensions on such date, equal to the minimum Consolidated Unencumbered DSCR required as of such date pursuant to Section 7.11(e).
Implied Loan Amount means the aggregate amount of the Revolving Credit Exposure which would result in a Debt Service Coverage Ratio of 1.4:1.0.”
Implied Loan Amount means, as of any date of determination, an amount of principal of the Credit Facilities that would result in a proforma Debt Service Coverage Ratio of (a) for the first fiscal quarter of 2019, not less than 1.30 to 1.0, (b) for the second fiscal quarter of 2019, not less than