Adjusted Debt Service Coverage Ratio means, with respect to any Property or group of Properties for the relevant measurement period, the ratio of: (a) the Underwritten Net Cash Flow for such Property or group of Properties for the relevant measurement period (provided that, notwithstanding anything herein to the contrary, the Underwritten Net Cash Flow of any Standard Non-Stabilized Property shall be zero for purposes of the calculation of Adjusted Debt Service Coverage Ratio) to (b) the actual Debt Service with respect to the outstanding aggregate Allocated Loan Amount for such Property or group of Properties for the relevant measurement period.

Adjusted Debt Service Coverage Ratio means, for any twelve month period, that ratio calculated in accordance with GAAP based upon the following formula based on Borrower's financial information: (Historical Performance Earnings + Depreciation Expense + Amortization Expense + Interest Expense + Bad Debt Expense – Amortization of Deferred Revenue + Net Entrance Fees received – Initial Entrance Fees) X (Historical Interest Expense + Projected Current Maturities of Long Term Debt for the next succeeding twelve (12) months period.) [Define terms.]

Adjusted Debt Service Coverage Ratio means, for any Test Period, the ratio of (x) Adjusted EBITDA to (y) Adjusted Total Debt Service, in each case for such Test Period.

Examples of Adjusted Debt Service Coverage Ratio in a sentence

Borrower shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.35 through [August 1, 2012], and thereafter, shall maintain an Adjusted Debt Service Coverage Ratio of not less than 1.45.
Turner did not require Plaintiffs and other applicants for the Landman position to have had training or experience with title searches prior to beginning to perform Landman duties.
Perhaps this is where the book exposes its Middle Eastern background after all.It is the end of the story that leaves one more than a little disturbed.
Once the phase‐in period concludes, the “Approaches Standard” target would be “Lease Adjusted Debt Service Coverage Ratio is between 1.0 and 1.10” and the “Below Standard” target would be “Lease Adjusted Debt Service Coverage Ratio is less than 1.0”.
The Adjusted Net Income metric meetsthis threshold in my opinion with the -5% revenue standard.However, the Lease Adjusted Debt Service Coverage Ratio contradicts the Adjusted Net Income measure by making sure that all charters that have no debt and have any net loss (even $1) will be classified as Below Standard.

More Definitions of Adjusted Debt Service Coverage Ratio

Adjusted Debt Service Coverage Ratio or “ADSCR” shall mean on any date, in respect of any period:

Adjusted Debt Service Coverage Ratio means the Debt Service Coverage Ratio except that the reference in clause (a) thereof to "Consolidated EBITDA" shall be deemed to be a reference to "Adjusted Consolidated EBITDA."

Adjusted Debt Service Coverage Ratio means as of any Testing Determination Date, the ratio of (i) the Net Operating Income for the trailing twelve (12) month period ending on the Testing Determination Date to (ii) the Adjusted Debt Service applicable to such twelve (12) month period.

Adjusted Debt Service Coverage Ratio the meaning specified in Section 3.6(C).

Adjusted Debt Service Coverage Ratio means the ratio of (a) the Net Cash Flow for the Property determined as of the applicable Testing Date to (b) the Adjusted Debt Service.

Adjusted Debt Service Coverage Ratio means, for the period of time for which the calculation is being made (or, if no time period is specified, for the twelve (12) months preceding the date on which the calculation is being made), the ratio of (a) Adjusted Net Operating Income to (b) Debt Service, assuming for purposes of such calculation that the Contract Rate is equal to the fixed rate of interest payable to the Counterparty under the Interest Rate Protection Agreement plus two (2%) percent per annum, unless the Interest Rate Protection Agreement is not then in effect, in which case the Contract Rate applicable under Section 2.2 shall apply. The Adjusted Debt Service Coverage Ratio shall be as determined by the Administrative Agent based upon the most recent reports required to have been submitted by Borrower under Section 7.1 (or, if no such reports have been so submitted, such other information as Administrative Agent shall determine in its sole discretion), which determination shall be conclusive in the absence of manifest error.