Debt Coverage definition

Debt Coverage means the calculation of the debt service coverage ratio as provided in Section 6.3 and Exhibit 7 and certified by NICTD in a manner consistent with Exhibit 7, and subject to verification by the IFA and/or RDA in their discretion as provided in Section 6.8.

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Debt Coverage means, on a combined consolidated basis, the ratio of:

Debt Coverage has the meaning described in Clause 19.1.

Examples of Debt Coverage in a sentence

• School's Debt Coverage Ratio is > 1.1. School's Debt Coverage Ratio is between 1.0 and 1.1. School's Debt Coverage Ratio is below 1.0. NC 2 points 1 point 0 points Not Calculated 6.

• For purposes of this Section 4.05, “Performance Standard” means: The achievement of an NOI that supports the Required Debt Coverage Ratio, as determined by Lender.

• Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, the Debt Coverage Ratio to be less than 1.55 to 1.00.

• The Credit Parties will not permit at any time the Debt Coverage Ratio to be less than 1:50 to 1:00.

• Borrower shall thereafter be required to either pay to Lender the Curative Amount or repledge Additional Collateral to the extent the required Debt Coverage Ratio should fail to be met during any subsequent Calendar Period and shall likewise be entitled to a re-release of any such subsequently pledged Additional Collateral consistent with the immediately preceding sentence.

More Definitions of Debt Coverage

Debt Coverage means, at any time, the ratio of (a) EBITDA to (b) ------------- Debt Service, each measured over the four (4) most recent consecutive fiscal quarters for which financial statements are available at such time.

Debt Coverage for a period means the ratio of Financial Indebtedness at the end of that period to EBITDA for that period.

Debt Coverage for a period means the ratio of Financial Indebtedness at the end of that period to EBITDA for that period. For this purpose, amounts outstanding under the Revolving Facility drawn as Advances to finance the Borrower's working capital requirements (up to an aggregate maximum of (Pounds)10,000,000) will, to the extent otherwise included, be deducted from Financial Indebtedness.

Debt Coverage as used in this Section 8.1(P) means the ratio of Borrower's net income, plus depreciation and amortization and net interest paid to Lender, to the amount of all principal and interest payable to Lender calculated quarterly in accordance with GAAP based upon Borrower's quarterly and fiscal year-end financial statements.

Debt Coverage as used in this SECTION 8.10(c) means the ratio of the Company's net income, plus depreciation and amortization and net interest paid to the Lender, less any dividends paid or accrued and less any purchases of treasury or capital stock (excluding the purchase of capital stock of the Company owned by Rich▇▇▇ ▇. ▇▇▇▇▇▇), to the sum of all principal and interest paid or payable to the Lender, calculated quarterly in accordance with GAAP based upon the Company's fiscal year to date results.

Debt Coverage as used in this Section 8.1(Q) means the ratio of Borrowers' consolidated net income, plus consolidated depreciation, consolidated amortization and consolidated interest paid to Lender, to the amount of all principal and interest payable to Lender and the holder of Subordinated Debt and the consolidated net amount of all Capital Expenditures at the date of calculation thereof calculated quarterly based upon each Borrower's fiscal quarter end direct financial statements prepared in accordance with GAAP.

Debt Coverage means the ratio of BORROWER's net income for the applicable fiscal quarter ending on the date of determination, before reduction for interest, depreciation, taxes, and amortization expense for such period, to the aggregate amount of interest expense and current maturities on long term debt payable by BORROWER during such fiscal quarter, all as determined in accordance with generally accepted accounting principals from the Financial Statements; and Citizens Bank NH/Presstek, Inc. Loan Agreement