Coverage Ratios definition

Coverage Ratios. ’ shall mean, collec- tively, the following financial ratios: (i) TIER of 1.25; (ii) Operating TIER of 1.1; (iii) DSC of 1.25; and Operating DSC of 1.1.
Sample 1Sample 2Sample 3
Coverage Ratios contained in the Original Credit Agreement is hereby amended by deleting the terms and subsections therein contained and inserting the following in lieu thereof:
Sample 1Sample 2
Coverage Ratios. ’ shall mean, collectively, the following financial ratios: (i) TIER of 1.5;
Sample 1Sample 2

Examples of Coverage Ratios in a sentence

  • The Borrower shall design and implement rates for utility service furnished by it to provide sufficient revenue (along with other revenue available to the Borrower in the case of TIER and DSC) (i) to pay all fixed and variable ex- penses when and as due, (ii) to provide and maintain reasonable working capital, and(iii) to maintain, on an annual basis, the Coverage Ratios.

  • Within 30 days of send- ing a notice to RUS under paragraph (e) of this section, or of being notified by RUS, whichever is earlier, the Borrower in con- sultation with RUS, shall provide a written plan satisfactory to RUS setting forth the actions that shall be taken to achieve the re- quired Coverage Ratios on a timely basis.

  • Section 4.2. Special Conditions.ARTICLE V—AFFIRMATIVE COVENANTSSection 5.1. Generally.Section 5.2. Annual Certificates.Section 5.3. Simultaneous Prepayment of Contemporaneous Loans.Section 5.4. Rates to Provide Revenue Suf- ficient to Meet Coverage Ratios Require- ments.Section 5.5. Depreciation Rates.

  • The weighted av- erage life of the refinancing or refunding loan is materially equal to the weighted av- erage remaining life of the loan being refi- nanced.Section 5.4 Rates To Provide Revenue Sufficient to Meet Coverage Ratios Requirements(a) Prospective Requirement.

  • Senior loans, for example, should have competitive Debt Service Coverage Ratios (DSCR) and interest rates.

  • The Bank’s calculated liquidity coverage ratios are presented as below pursuant to “Measurement and Assessment of the Liquidity Coverage Ratios of Banks” published in the Official Gazette on 21 March 2014 and numbered 28948.

  • Accordingly, in the circumstances of Example 2, a review of Coverage Ratios pursuant to subsection (y) above would be needed in order to determine whether a change in the Section 16.10.1 Number applicable to this Lease is mandated by this Section 16.10.3.1. On the other hand, for the aforesaid New Lease (because such New Lease would cover 10 Leased Properties and because requirement (x) above is not met), the Section 16.10.1 Number would equal one (1).

  • Coverage Ratios The Company presents fixed charge and interest coverage ratios to provide a measure of the Company’s financial flexibility to service current debt amortization, interest expense and ground rent from current cash net operating income.

  • We adopt a conservative approach to liquidity management, maintaining stable and diversified funding base consistent with Basel III liquidity matrix (Net Stable Funds Ratio, and Liquidity Coverage Ratios).

  • In addition to the general requirements in Sections 3.1 and 3.2, the requirements in this section apply to the Section 221(d)(4) program: Maximum Loan Ratios and Debt Service Coverage Ratios.


More Definitions of Coverage Ratios

Coverage Ratios contained in the Existing Subordinated Loan Agreement is hereby amended by deleting the term and subsections therein contained and inserting the following in lieu thereof:
Sample 1
Coverage Ratios. ’ shall mean, collec-
Sample 1
Coverage Ratios means the Interest Coverage Ratios and the Principal Coverage Ratios.
Sample 1
Coverage Ratios means, collectively, Coverage Ratio 1 and Coverage Ratio 2.
Sample 1
Coverage Ratios in the event that, as of any Ratio Calculation(xiii) Date, (1A) the Revenue Coverage Ratio for the most recent Calculation Period shall beis equal to or less than 1.00 to 1.00, or (2B) the Debt Service Coverage Ratio for the most recent Calculation Period shall beis equal to or less than 1.50 to 1.00; Ratings Changes: any change in the rating assigned to the(xiv) Senior Obligations or the TIFIA Bond by any Nationally Recognized Rating Agency that is maintaining such rating at the request of the Borrower, including any such Nationally Recognized Rating Agency that has issued a rating in connection with the TIFIA Bond;
Sample 1

Related to Coverage Ratios

  • Interest Coverage Ratio means, as at any date, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date to (b) Interest Expense for such period.

  • Leverage Ratio means, on any date, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Company most recently ended on or prior to such date.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Fixed Charge Coverage Ratio means, with respect to any Person for any period, the ratio of EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the Issuer or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than in the case of revolving credit borrowings or revolving advances under any Qualified Receivables Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or issues, repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • Consolidated Interest Coverage Ratio means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to (b) Consolidated Interest Expense for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Indebtedness net of Unrestricted Cash as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Adjusted Leverage Ratio means, on any date, the ratio of (a) Total Debt as of such date to (b) Adjusted Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower most recently ended as of such date, all determined on a consolidated basis in accordance with GAAP.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.