Debt Service Ratio definition
Debt Service Ratio means for any period the Modified Cash NOI for all consolidated and unconsolidated properties of the Operating Partnership based on its share (determined on a proportional ownership basis based upon the Operating Partnership’s ownership (direct or indirect) in each of its Subsidiaries and Joint Ventures) divided by Debt Service.
Debt Service Ratio means, for any period, the ratio of (a) Qualified Revenue for such period to (b) Debt Service Requirements for such period.
Debt Service Ratio means the ratio determined as follows —
Examples of Debt Service Ratio in a sentence
Permit the Debt Service Ratio to be less than 110% as of the last day of any calendar year; provided that if the Debt Service Ratio is less than 110% as of the last day of any calendar year, a plan must be implemented pursuant to Section 4.03 of the Indenture.
For the avoidance of doubt, the Equity to Capitalization Ratio and the Debt Service Ratio shall be calculated using the definitions and calculation methodology set forth in the Indenture, subject to the measurement dates and testing frequency specified in this Section 7.13 and the accounting provisions of Section 1.03 of this Agreement.
More Definitions of Debt Service Ratio
Debt Service Ratio for a particular period means the ratio of (i) a borrower’s EBIT to (ii) that borrower’s Debt Service Obligations for that period.
Debt Service Ratio means, for any Measurement Period the ratio of (a) Consolidated EBITDA less distributions, dividends and redemptions on account of or with respect to capital stock or other equity interests of the Company or any Subsidiary (other than those (i) required to be paid under agreements entered into with Persons in order to obtain or maintain BBBEE status and (ii) received by the Company or a Subsidiary during such Measurement Period) to (b) Consolidated Fixed Charges.
Debt Service Ratio means, as measured separately for each Borrower as at any date of determination, the ratio of (a) Consolidated EBITDA to (b) the sum of (i) Consolidated Interest Expense plus (ii) an amount equal to three and one-eighths percent (3.125%) of Consolidated Funded Debt (Consolidated EBITDA and Consolidated Interest Expense to be measured on a quarterly basis for the current fiscal quarter).
Debt Service Ratio has the meaning specified in the Indenture.
Debt Service Ratio means at any date of determination, the ratio of (a) the EBITDA reported by the Company for the most recently completed fiscal quarter, to (b) all payments by the Company pursuant to Loan for the most recently completed four fiscal quarters (or lesser number if this Agreement has been in force for less than four fiscal quarters) divided by four (or such lesser number of fiscal quarters for which this Agreement has been in force..
Debt Service Ratio means as of any date of determination and for any period, the applicable "Debt Service Coverage" ratio determined in accordance with, and defined in, the Underwriting Guidelines.
Debt Service Ratio means, with respect to any period, the ratio of (i) OmniCell's earnings before interest, taxes, depreciation and amortization minus capital expenditures (net of increases in long term debt to finance such capital expenditures) for such period, calculated in accordance with GAAP, to (ii) the sum of all scheduled principal and interest payable on Indebtedness during such period, plus all taxes and dividends to shareholders payable or paid during such period.