Coverage Factor definition

Coverage Factor means the factor, determined by the Administrative Agent from time to time on not less than 30 days' prior written notice to the Borrower and the Lenders, with respect to each respective Mortgaged Property included as Eligible Real Estate, by which the Market Constant for such Mortgaged Property shall be multiplied to determine the denominator used to calculate the Borrowing Base attributable to such Mortgaged Property. In determining any Coverage Factor for any Mortgaged Property or any changes therein (i) the Administrative Agent shall make such determinations (other than the initial determinations set forth on Annex III) only pursuant to instructions from, or with the consent of, the Required Lenders, and (ii) no Coverage Factor shall ever be less than 1.2X nor greater than 1.3X. The initial Coverage Factor for each initial Mortgaged Property is set forth on Annex III.
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Coverage Factor in relation to a Building, means the figure arrived
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Coverage Factor means an amount determined in accordance with the following schedule:
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Examples of Coverage Factor in a sentence

  • Calculate the Coverage Factor for each individual, by dividing your Insurance Amount (2) by 1,000.

  • Calculate the Monthly Premium for each individual, by multiplying the Coverage Factor (3) by the Monthly Rate (4).

  • Check the box next to “Revenue-Secured Loan” and indicate the Debt Service Coverage Factor and Loan Reserve Percentage.

  • Deductible Factors: Hazardous Sports Coverage Factor: 1.15ModePremium shown above, payable: In Advance This certificate of Insurance is made and accepted subject to the foregoing stipulations and conditions together with such other provisions, agreement or conditions as may be endorsed or added here to.Dated: 04/18/2017 By: (Correspondent – James J.

  • Rule Number: P33Rule Description: Full Coverage Factor The full coverage factor is a policy level indicator based on the model year group (see Rule V09), the underwriting tier (see Rule P23) and the full coverage variable.


More Definitions of Coverage Factor

Coverage Factor means 25% of Agency Debt Service, determined in
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Coverage Factor means one hundred twenty-five percent (125%) of Participant’s pro rata share of Capital Projects Installment Debt Service, determined in accordance with Article 20(C) hereof, calculated for each Fiscal Year.
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Coverage Factor means a percentage rate equal to fifteen (15) percent.
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Coverage Factor means an amount determined in accordance with the following schedule: Long-Term Debt Service Coverage Ratio for
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Coverage Factor means 25% of Agency Debt Service, determined in accordance with Article 14 hereof, calculated for each Fiscal Year.
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Coverage Factor means (i) 1.0 if the Fixed Charges Coverage Ratio on a trailing last twelve months basis is 1.75 or higher, (ii) 0.8 if the Fixed Charges Coverage Ratio on a trailing last twelve months basis is less than 1.75 but greater than or equal to 1.50, and (iii) 0.0 if the Fixed Charges Coverage Ratio is less than 1.50.
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Coverage Factor means 0.8%, except for any Quarter in which the Cumulative Quarterly Target for such Quarter has been met or exceeded, in which case the Coverage Factor shall be 2.75%.
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