ISCR definition

ISCR means an institution supervised by the competent authority and consuming cloud computing resources for the purpose of carrying out its activities.

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ISCR means the ratio of – the Projected Net Rental Income (as defined below) which is due for payment during the Test Period (as defined below), and – the Projected Interest Service (as defined below) during the Test Period.

ISCR is defined in Section 15.1.

Examples of ISCR in a sentence

The ISCR Web-based query data utilizes the ICD-O-3 recode with adjustment for WHO 2008 hematopoietic.
Any non-compliance with the ISCR Level or LTV on a Test Date shall be disregarded, if the ISCR Level or LTV has been cured by making the Cure Payment in relation to such financial covenant within the Cure Period.
Computations (in reasonable detail) as to compliance with the ISCR Level or LTV, as the case may be, shall be attached thereto.
For the purposes of evidencing compliance with the ISCR Level pursuant to Section 15 and the LTV pursuant to Section 16, the Borrower shall supply to the Lender a compliance certificate pursuant to Schedule 13.3.2 – Form of Compliance Certificate (“Compliance Certificate”) as of each Test Date within 45 calendar days after the relevant Test Date.
The Borrower must comply for the first three years from the Drawdown Date with an ISCR of at least 200% (in words: two hundred per cent) and at any time thereafter with an ISCR of at least 250% (the “ISCR Level“).
The ISCR Level will need to be met on the Drawdown Date (the first test date).
The Cure Payment must be made within 20 Business Days (and within 15 Business Days, if the failure to comply with the ISCR Level or the LTV constitutes a Potential Event of Default) after the relevant Test Date pursuant to Section 15.2 (Test Date) or 16.2 (Calculation), respectively (such period hereinafter the „Cure Period“).
Should 12 the commercial ISCR undertaking, including rinsing operations, plugging and 13 abandonment of ▇▇▇▇▇, and post-closure monitoring, not be complete, or if any Signatory 14 or Invited Signatory wishes to extend the duration of the PA, they may propose an 15 amendment to the PA in accordance with Stipulation XVIII.
The HPTP is specific to the FCP Commercial ISCR Facility actions and its 7 implementation will comport with the sequence of proposed development.
The ISCR Level can only be remedied by prepaying the outstanding Loan to such an extent that the ISCR Level is being complied with (as a consequence of lower payable interest following such prepayment).

More Definitions of ISCR

ISCR is as defined in Exhibit 2.

ISCR is defined in Section 15.1. “ISCR Level” is defined in Section 15.1. “Klüberstrasse” is defined in Section 3.4 b). “Land Charge” is defined in Schedule 7.1 (Security). “Legal Reservations” means any general principle of law limiting the rights of creditors generally and which are specifically referred to in any legal opinion delivered pursuant to Section 8.1. “Loan” is defined in Section 2.1. “Loan Agreement” is defined in Section 1.3. “LTV” is defined in Section 16.1. “Lump Sum” is defined in Section 15.3.3. “Margin” is defined in Section 4.1. “Material Adverse Effect” is defined in Section 10.1.25. “Material Tenant” means any of the following: (i) Deka, (ii) Deutsche Bundesbank, (iii) Franklin ▇▇▇▇▇▇▇▇▇ Investment Services GmbH and (iv) any other tenant who has entered into a lease agreement with the Borrower which lease agreement generates or is expected to generate lease rentals in the amount of more than EUR 1,000,000 p.a. “New Shareholders” is defined in Section 1.2. “Operating Account” means the account designated as such in Schedule 14.1.1 – Transaction Accounts. “Parties” is defined in Section 1.3. “Permitted Liabilities” is defined in Section 12.3.1. “Potential Event of Default” is defined in Section 13.6 lit. b). “Projected Interest Service” is defined in Section 15.4. “Projected Net Rental Income” is defined in Section 15.3. “Property” is defined in Section 1.1. “Property Management Agreement” is defined in Section 11.2.2. “Property Manager” is defined in Section 11.2.2. “Property Purchase Agreement” is defined in Section 1.2. 11 “Public Law Contract” means the public law contract dated 26/28 January 2011 between Stadt Frankfurt am Main and the Borrower regarding the implementation of fire protection and safety related measures, as amended by the following amendment agreements: