Consolidated Debt Service Coverage Ratio definition

Consolidated Debt Service Coverage Ratio means, as of any date for which it is being determined, the ratio of (a) Consolidated EBITDA for the immediately preceding four (4) fiscal quarters (including any fiscal quarter ending on such date) minus Capital Expenditures of Borrower or any Subsidiary during the immediately preceding four (4) fiscal quarters (including any fiscal quarter ending on such date) minus all provisions for any federal, state, local and/or foreign income taxes made by Borrower or any Subsidiary during the immediately preceding four (4) fiscal quarters (including any fiscal quarter ending on such date), to (b) Consolidated Interest Expense for the immediately preceding four (4) fiscal quarters (including any fiscal quarter ending on such date) plus Consolidated Scheduled Principal Payments for the immediately preceding four (4) fiscal quarters (including any fiscal quarter ending on such date) plus the principal portion of Capitalized Lease Obligations payable by Borrower or any Subsidiary in respect of the immediately preceding four (4) fiscal quarters (including any fiscal quarter ending on such date).
Consolidated Debt Service Coverage Ratio means, for each period of four consecutive fiscal quarters, the quotient of (i) Cash Flow Available for Debt Service for such period to (ii) Debt Service for such period.
Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA to (b) Consolidated Debt Service, each as measured for the most recently completed Measurement Period.

Examples of Consolidated Debt Service Coverage Ratio in a sentence

The Company’s covenants include a certain measure of Consolidated EBITDA, a Consolidated Leverage Ratio and a Consolidated Debt Service Coverage Ratio.

Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

Companies shall not permit for any period of four consecutive quarters, the Consolidated Debt Service Coverage Ratio to be less than 1.00 to 1.00.

Borrower shall maintain a Consolidated Debt Service Coverage Ratio greater than 1.5 to 1, to be tested at the end of each calendar quarter based on the trailing one-year period.

The Partnership will not permit the Consolidated Debt Service Coverage Ratio as of the last day of any fiscal quarter, commencing on September 30, 2016, determined for the period of four (4) consecutive fiscal quarters ending on such date, to be less than 2.50:1.00.


More Definitions of Consolidated Debt Service Coverage Ratio

Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the aggregate Adjusted NOI with respect to the Borrowing Base Properties for the four-(4-)quarter period most-recently ended for which financial statements are available divided by (b) pro forma debt service on an amount equal to Total Outstandings assuming a thirty-(30-)year amortization and an interest rate equal to the greater of (i) eight percent (8.0%) per annum and (ii) the sum of (A) the most-recent rate published on such date in the United States Federal Reserve Statistical Release (H.15) for ten-(10-)year Treasury Constant Maturities plus (B) three percent (3.0%).
Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date minus (i) income taxes paid in cash by the Borrower and its Subsidiaries during such period but excluding, without duplication, (x) income taxes paid on account of the gain on the sale of the real property known and numbered One Albion Road, Lincoln, Rhode Island and (y) income taxes paid on LIFO Income for tax purposes to the extent such amount is greater than LIFO Income for book purposes, minus (ii) cash dividends or distributions paid during such period minus (iii) Capital Expenditures (excluding Capital Expenditures made with the proceeds of insurance received by the Borrower) minus (iv) all payments made for the redemption, repurchase or other acquisition of any of the capital stock of the Borrower, but excluding stock redemption payments made and permitted under Section 7.06(d), during such period, to (b) (i) Consolidated Interest Charges plus (ii) all principal of Indebtedness paid during such period (other than voluntary repayments of principal for such period and other than principal payments made during such period on the Preexisting Term Loan), including, without limitation, the payment of the principal component of any payments in respect of Capital Leases.
Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the aggregate Adjusted NOI with respect to the Borrowing Base Properties for the quarter most-recently ended for which financial statements are available divided by (b) pro forma debt service on an amount equal to all Unsecured Indebtedness of the Borrower, the Parent and their Subsidiaries assuming a thirty (30) year amortization and an interest rate equal to seven and one-half percent (7.5%) per annum.
Consolidated Debt Service Coverage Ratio means, as of the close of ---------------------------------------- any Fiscal Quarter, the ratio of:
Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recently completed Measurement Period to (b) the sum of (i) Consolidated Interest Charges, (ii) current maturities of long-term debt (as determined in accordance with GAAP) and (iii) current maturities of obligations in respect of Capitalized Leases, in each case, for the most recently completed Measurement Period.
Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the result of (i) Consolidated EBITDA for the most recently ended Measurement Period minus (ii) aggregate amount of Maintenance CapEx during such Measurement Period to (b) the sum of (i) Consolidated Interest Charges payable in cash for such Measurement Period plus (ii) the aggregate principal amount of all regularly scheduled principal payments on Consolidated Funded Indebtedness for such Measurement Period.
Consolidated Debt Service Coverage Ratio means, for any period, the ratio of (a) Consolidated Adjusted EBITDA for such period to (b) Consolidated Debt Service paid or payable during such period.