DSCR Determination Date definition

DSCR Determination Date means the fifth Business Day following the last day of each March, June, September and December (beginning with December 2020).
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DSCR Determination Date shall have the meaning set forth in Section 7.6 hereof.
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DSCR Determination Date means the date on which Lender determines Borrower’s compliance with the Debt Service Coverage Ratio, which date shall be on or after the date on which Lender receives Borrower’s annual financial statements and tax return pursuant to Section 8.1(a).
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Examples of DSCR Determination Date in a sentence

  • Borrower shall maintain, as of any DSCR Determination Date (hereafter defined), a Debt Service Coverage Ratio of not less than 1.25 to 1.00.

  • The failure of the Debt Service Coverage Ratio to equal or exceed the Required DSCR as of any DSCR Determination Date.

  • The Loans shall be required to be repaid if the Debt Service Coverage Ratio with respect to any DSCR Determination Date is less than 1.50 to 1.00 or 1.25 to 1.00, as the case may be, as set forth in Section 6.17(c).

  • The Loans shall be required to be repaid if the Debt Service Coverage Ratio with respect to any DSCR Determination Date is less than 1.50 to 1.00 or 1.25 to 1.00, as the case may be, as set forth in Section ‎6.17(c).

  • If on any DSCR Determination Date the Debt Service Coverage Ratio is not at least 1.3 to 1.0 (the “Default Determination Ratio”), the Borrower shall deposit all Excess Cash Flow in the Cash Management Account to be held by Lender.

  • Borrower shall achieve, and within forty-five (45) days after the end of each calendar quarter (the "DSCR Determination Date") provide evidence to Lender of the achievement of, a Debt Service Coverage Ratio for the Property.

  • If on any DSCR Determination Date the Debt Service Coverage Ratio is not at least 1.28 to 1.0 (the "Default Determination Ratio"), then Borrower shall deposit all Excess Cash Flow in the Cash Management Account.


More Definitions of DSCR Determination Date

DSCR Determination Date means each January 1, April 1, July 1 and October 1 commencing on April 1, 1995.
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DSCR Determination Date means the date which is forty five (45) days prior to the date of the occurrence of the non-monetary Event of Default pursuant to which Borrower is attempting to effect a Release of an Affected Property pursuant to Section 2.2.2 below.
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DSCR Determination Date. (i) The date that is six (6) months after the Closing Date and (ii) each Remittance Date thereafter; provided that if any such date does not fall on a Business Day, the immediately succeeding Business Day.
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DSCR Determination Date means each June 30, September 30, December 31 and March 31 commencing on the first such date occurring after the Effective Date.
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DSCR Determination Date shall have the meaning set forth in Section 10.12
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Related to DSCR Determination Date

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • LIBOR Determination Date With respect to any Interest Accrual Period for the LIBOR Certificates, the second London Business Day preceding the commencement of such Interest Accrual Period.

  • Index Determination Date means, in relation to any Index, a date on which such Indexfalls to be determined in accordance with the Conditions;

  • SOFR Determination Time means 3:00 p.m. (New York time) on the U.S. Government Securities Business Day, at which time Compounded SOFR is published on the FRBNY’s Website.

  • Benchmark Determination Date means (a) if the Benchmark is LIBOR, the LIBOR Determination Date, (b) if the Benchmark is Term SOFR, the date that is two Business Days before the first day of the applicable Accrual Period, (c) if the Benchmark is Compounded SOFR, the date that is five Business Days before the last day of the applicable Accrual Period and (d) if the Benchmark is any other rate, the date determined by the Trust according to Section 2.16 of the Indenture.