Common use of Debt Service Coverage Requirements Clause in Contracts

Debt Service Coverage Requirements. (a) Maintain (commencing with the closing of the Loan), and within forty-five (45) days of the end of each fiscal quarter provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) until the Loan Obligations are paid in full:

Appears in 3 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp), Loan Agreement (CNL Retirement Properties Inc)

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Debt Service Coverage Requirements. (a) Maintain (commencing with the closing of the Loan)and, and within forty-five (45) days of after the end of each the applicable fiscal quarter of Borrower set forth below, provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) Debt Service Coverage Ratios until the Loan Obligations are is paid in full:

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement (CNL Healthcare Trust, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.)

Debt Service Coverage Requirements. (a) Maintain (commencing with the closing of the Loanquarter ending June 30, 2005), and within forty-five (45) days of after the end of each fiscal quarter quarter, provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) Combined Debt Service Coverage. Ratios for the Stabilized Properties until the Loan Obligations are is paid in full:

Appears in 1 contract

Samples: Loan Agreement (Capital Senior Living Corp)

Debt Service Coverage Requirements. (a) Maintain Maintain, or cause to be maintained (commencing with the closing of the Loan), and within forty-five (45) days of the end of each fiscal quarter quarter, Borrower shall provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) Debt Service Coverage Ratios until the Loan Obligations are paid in full:

Appears in 1 contract

Samples: Loan Agreement (Sunrise Senior Living Inc)

Debt Service Coverage Requirements. (a) Maintain (commencing with Achieve, by the closing of quarter ending December 31, 2010, and maintain thereafter throughout the Loan)term, and within forty-five (45) days of after the end of each fiscal quarter of Borrowers, provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) Debt Service Coverage Ratio until the Loan Obligations Loans are paid in full:: a Debt Service Coverage Ratio after deduction of Assumed Management Fees, of not less than 1.25 to 1.0 until the Loans are paid in full.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

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Debt Service Coverage Requirements. (a) a. Maintain (commencing with the closing of the Loan)) and/or cause Lessee to maintain, and within forty-five (45) days of after the end of each fiscal quarter of Borrower, provide and/or cause Lessee to provide, evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) until the Loan Obligations are is paid in full:

Appears in 1 contract

Samples: Loan Agreement (Arv Assisted Living Inc)

Debt Service Coverage Requirements. (a) Maintain (commencing with the closing of the Loan)quarter ending December 31, 2006, and within forty-five (45) days of after the end of each fiscal quarter quarter, provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) Combined Debt Service Coverage Ratios until the Loan Obligations are is paid in full:

Appears in 1 contract

Samples: Loan Agreement (Capital Senior Living Corp)

Debt Service Coverage Requirements. (a) Maintain (commencing with the closing of the Loan), ) and within forty-five (45) days of after the end of each fiscal quarter of Borrower, provide evidence to Lender of the achievement of, the following debt service coverage ratios (calculated on a trailing 12 month basis) Debt Service Coverage Ratios until the Loan Obligations Loans are paid in full:

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

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