Debt Service Coverage Ratio definition

Debt Service Coverage Ratio means a ratio for the applicable period in which:
Debt Service Coverage Ratio means, with respect to any Mortgage Loan, as of any date of determination and for any period, the amount calculated for such date of determination in accordance with the formulas set forth in the CREFC® Operating Statement Analysis Report, whether or not the Mortgage Loan has an interest-only period that has not expired as of the Cut-Off Date.
Debt Service Coverage Ratio means, as of any date of determination, a ratio in which:

Examples of Debt Service Coverage Ratio in a sentence

The Loan Agreement contains financial covenants calculated on a consolidated basis requiring the Company to maintain a certain Debt Service Coverage Ratio and to not exceed a maximum Senior Cash Flow Leverage Ratio.

The condition/requirement of Debt Service Coverage Ratio as mentioned in Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993 is not required to be mentioned in this Deed.

Debt Service Coverage Ratio (DSCR) — The ratio of cash available for debt servicing to interest, principal and lease payments.

The intermediary’s Debt Service Coverage Ratio (DSCR) must be greater than 1.25 for the fiscal year immediately prior to the year of application.

Architectural Grille has been profitable over the three-year historical period, as well as being highly liquid and solvent. The Company has the ability to repay a JDA loan and Bank of America loan with a projected Debt Service Coverage Ratio (DSCR) of 2.36. The Company meets JDA’s loan-to-value requirement of 90% with a loan-to- value of 90%. The personal guarantors have a combined net worth that exceeds the total amount of all project loans.


More Definitions of Debt Service Coverage Ratio

Debt Service Coverage Ratio means, with respect to any Mortgage Loan, as of any date of determination and for any period, the amount calculated for such date of determination in accordance with the procedures set forth in Exhibit T.
Debt Service Coverage Ratio means the ratio of (a) the Net Cash Flow of the Mortgaged Property, to (b) the underwritten debt service for the Mortgage Loan at the proposed Fixed Rate for the trailing twelve (12) month period from the date of the most recently received quarterly financial statements prepared by Borrower for the Mortgaged Property, provided that (1) the interest rate used in determining such ratio shall be the greater of (A) the Fixed Rate, or (B) the Underwriting Interest Rate (if any), and (2) an Amortization Period of three hundred sixty (360) months shall be used in determining such ratio.
Debt Service Coverage Ratio means the ratio of (i) the sum of (A) Funds from Operations and (B) Interest Expense minus (C) Unfinanced Capital Expenditures to (ii) the sum of (A) Current Maturities of Long Term Debt and (B) Interest Expense.
Debt Service Coverage Ratio means, for any Mortgaged Property, for any specified date, the ratio (expressed as a percentage) of —
Debt Service Coverage Ratio means, for a given date of determination, with respect to Borrower, the ratio of: (a) for the trailing 12-month period then ending on the most recent fiscal quarter end available (i) EBITDA, less (ii) Maintenance Capital Expenditures, to (b) the sum of (i) 10% of the total principal due and payable on funded Indebtedness, as of such date of determination, plus (ii) cash Interest Charges, for the trailing 12-month period then ending on the most recent fiscal quarter end available.
Debt Service Coverage Ratio means the ratio calculated by Lender on a monthly basis of (i) the Underwritable Cash Flow to (ii) the aggregate amount of debt service which would be due for the twelve (12) month period immediately preceding the date of calculation; provided, that, the foregoing shall be calculated by Lender (A) based upon the actual amount of debt service which would be due for such period, (B) assuming that the Loan had been in place for the entirety of said period and (C) disregarding any “interest only” period under the Loan and assuming that the constant principal and interest payments provided for hereunder were due for the entirety of said period.
Debt Service Coverage Ratio means the quotient of the Project’s net operating income and total debt service exclusive of cash flow notes.