ADSCR definition
Examples of ADSCR in a sentence
Table 24: JPPL Financial Sensitivity to Gas Price Gas Price NPV (Million US$) ADSCR3 ADSCR4 ADSCR5 LLCR3 LLCR4 LLCR5 According to the base case the gas price is determined to be 1.3 $/Mcf but if it increases by only 20 cents then the NPV decreases significantly so does the ADSCR of year3.
If, at any time following the elapse of 6 months following the Loan Closing, the Financial Model will show ADSCR which has fallen below 1:1.17, or pursuant to the Borrower’s most updated Financial Model it is projected that the ADSCR will fall below such level, the Borrower shall not make any Distributions to its shareholders until the earlier of such time as the Borrower’s ADSCR reaches a level of at least 1:1.22 or the final repayment of all amounts payable by the Borrower hereunder have been made.
At the second step both nominal and real cash flow statements from different points of view namely as the total investment (Banker‟s) and the equity (owner‟s) point of view entailing costs and benefits are being developed in order to come up with some distinguished indicators and criterions such as Net Present Value (NPV), Internal Rate of Return (IRR), Annual Debt Service Coverage Ratio (ADSCR) and LLCR (Loan Life Coverage Ratio).
ADSCR The annual debt service cover ratio which shall, for any 12 month period, be the ratio of A:B where: A - is the available free cash flow of the Borrower for the relevant period; and B - is the sum of all payments due by the Borrower under this Agreement for the relevant period, including principal, interest and the Operation Fee.
The projected ADSCR for the period commencing on Loan Closing and until the Final Repayment Date is as set out in Schedule N.