DSCR Requirement definition

DSCR Requirement has the meaning provided in Section 7.13 of this Agreement.
DSCR Requirement shall have the meaning set forth in Section 2.7.1(c).
DSCR Requirement. As defined in Section 7.28.

Examples of DSCR Requirement in a sentence

  • Within sixty (60) days after the date of each DSCR Requirement pursuant to Section 7.13, Borrower shall deliver to Administrative Agent a signed Borrower Compliance Certificate.

  • Second DSCR Requirement December 31, 2022 The Property shall have a Debt Service Coverage Ratio of not less than 0.80 to 1.00 with Applied Debt Service calculated assuming interest-only payments on the Principal Balance.

  • The cash funds in such pledged account shall be returned to Borrower only (i) upon the Property subsequently fulfilling a DSCR Requirement, (ii) upon the repayment of the Loan in full and satisfaction of all other Obligations under the Loan Documents, or (iii) in Bank’s reasonable discretion.

  • Sixth DSCR Requirement December 31, 2024 The Property shall have a Debt Service Coverage Ratio of not less than 1.25 to 1.00.

  • In the event that Borrower does not achieve the DSCR Requirement within six (6) months of the covenant violation, Borrower shall establish with Lender a cash collateral reserve account (the "DSC Cash Collateral Reserve").

  • Borrower hereby covenants and agrees that Borrower must evidence compliance with the DSCR Requirement prior to Draw B or any Subsequent Draw.

  • Third DSCR Requirement June 30, 2023 The Property shall have a Debt Service Coverage Ratio of not less than 1.00 to 1.00 with Applied Debt Service calculated assuming interest-only payments on the Principal Balance.

  • The cash funds in such pledged account shall be returned to Borrower only (x) upon the Property subsequently fulfilling a DSCR Requirement, (y) upon the repayment of the Loan in full and satisfaction of all other Obligations under the Loan Documents, or (z) in Administrative Agent’s reasonable discretion.

  • Seventh DSCR Requirement June 30, 2025 The Property shall have a Debt Service Coverage Ratio of not less than 1.25 to 1.00.

  • Within sixty (60) days after the date of each DSCR Requirement pursuant to Section 7.13, Borrower shall deliver to Administrative Agent a signed Borrower Compliance Certificate, together with the financial statements of Borrower described in Subsections (a) and (b) above, as applicable.

Related to DSCR Requirement

  • Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Liquidity Requirement shall have the meaning as set forth in Section 2.12(b).

  • Security Requirement means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time:

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the relevant Standard applicable to such Reference Entity or, if no such amount is specified, U.S.$10,000,000 or its equivalent in the relevant Obligation Currency, in either case as of the occurrence of the Credit Event.

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • performance requirement means a requirement that:

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Eligibility Requirement means all eligibility requirements and other qualification requirements for a person to act in the applicable Corporate Trust Capacity under any Appointment as set forth in the related Corporate Trust Contract, including any required authorizations or licenses from the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Government National Mortgage Association, the Federal Housing Administration, the Federal Home Loan Bank or the Department of Veterans Affairs.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • Administrative Requirement means any required notice, filing or other similar administrative requirements (other than any requirement for Consent or any Eligibility Requirements) for the Transfer of any Appointment to the applicable Purchaser as set forth in the related Corporate Trust Contract.

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Rebate Requirement means the amount of arbitrage profits earned from the investment of gross proceeds of Tax-exempt Bonds in nonpurpose investments described in Section 148(f)(2) of the Code and defined as "Rebate Amount" in Section 1.148-3 of the Treasury Regulations, which is payable to the United States at the times and in the amounts specified in such provisions.

  • Requirements means and include schedules, details, description, statement of technical data, performance characteristics, standards (Indian as well as International) as applicable and specified in the Contract.

  • Applicable requirement means all of the following as they apply to emission units in a source requiring an air quality operating permit (including requirements that have been promulgated or approved by the Department or the administrator through rule making at the time of issuance of the air quality operating permit, but have future-effective compliance dates, provided that such requirements apply to sources covered under the operating permit):

  • Reserve Requirement means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on Eurocurrency liabilities.