Debt Service Cover Ratio definition

Debt Service Cover Ratio means, in relation to a Calculation Period ending on the relevant Calculation Date,

Debt Service Cover Ratio means, for any Relevant Period, the ratio of:

Debt Service Cover Ratio means, on any Repayment Date, the ratio of Net Cash Flow to Debt Service for the Calculation Period ending on that Repayment Date.

Examples of Debt Service Cover Ratio in a sentence

• For the avoidance of doubt, the Debt Service Cover Ratio will not be considered to be breached on a testing date, if in relation to the Annual Relevant Period immediately preceding such testing date the Net Debt Service is negative or equal to zero.

• The Issuer shall, as long as any Bond remains outstanding, ensure that the Debt Service Cover Ratio on each testing date shall be equal to or shall exceed 1.2.

• Annual Debt Service Cover Ratio: The ratio between operating cash flow and debt service during any one- year period.

• The Debt Service Cover Ratio is determined to be less than 1.1:1 for any Calculation Period.

• From January 2021, net working capital excluding credit facility amounts due and warrant liabilities, is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000;(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021;(iv) the Total Debt to Equity Ratio is less than 60 to 40;(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.

More Definitions of Debt Service Cover Ratio

Debt Service Cover Ratio means the ratio of Free Cash Flow to Debt Service in respect of any Measurement Period.

Debt Service Cover Ratio has the meaning given to such term in paragraph (c) of Clause 23.2 (Ratios).

Debt Service Cover Ratio means - for the last consecutive twelve months preceding the calculation date, the ratio between the total payments to the bank (principal and interest) and net EBITDA (as defined in the agreement).

Debt Service Cover Ratio means, in relation to any Relevant Period, Free Operating Cash Flow for such Relevant Period divided by Net Total Debt Service for such Relevant Period.

Debt Service Cover Ratio means the ratio as contemplated in Clause 19 (Financial Covenants);

Debt Service Cover Ratio means the ratio of EBITDA of the respective Borrower to debt services (being all finance charges and principal) for the previous period of twelve (12) months of the respective Borrower.

Debt Service Cover Ratio. DSCR" means EBITDA minus tax divided by interest and current maturity of long term debts.