Contracted Coverage Ratio definition
Contracted Coverage Ratio means, as of any date of determination, the ratio of (i) the net present value of Projected Contracted CFADS through the term of the applicable CCR Wood Pallet Sales Agreement discounted at a rate equal to 8.0% per annum to (ii) Total Debt as of such date.
Contracted Coverage Ratio means, for any period, the ratio of (i) ------------------------- the aggregate of all Contracted Cash Available for Debt Service for such period to (ii) the aggregate of all Debt Service for such period, in each case calculated on a projected basis and confirmed by the Independent Engineer.