LLCR definition

LLCR means the ratio of A to B with:

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LLCR means the loan life cover ratio being, in relation to any Calculation Period, the ratio of N:D as shown in the then current Projection where:

LLCR means the ratio of (i) the net present value of Net Cash Flow (calculated on the basis of the Forecast Assumptions) from the relevant Forecast Date until the Final Maturity Date plus the net present value of Relevant Capital Expenditure to (ii) the aggregate of all Loans outstanding under the Facility on that Forecast Date.

Examples of LLCR in a sentence

• BNY Mellon Capital Markets, LLC PNC Capital Markets LLC ​ ​ ​ Co-managers: AmeriVet Securities, Inc.Great Pacific SecuritiesGuzman & CompanyLoop Capital Markets LLCMFR Securities, Inc.Penserra Securities LLCR.

• The Obligors undertake to procure that at each Recalculation Date (for each period or date in respect of which such ratio is shown in the then current Projection) the Tranche A FLCR, Tranche A LLCR, Tranche A DSCR, Tranche B FLCR, Tranche B LLCR and Tranche B DSCR (as shown in such Projection) are not less than the relevant multiples shown in Schedule 4 (Applicable Cover Ratios).

• If Lenders representing more than the Majority Lenders notify in writing their disagreement with the ratios calculated by the Agent (such notification to be received by the Agent at least ten (10) Business Days before the relevant Ratio Calculation Determination Date), all the Lenders shall meet in order to approve (on the basis of the decision of the Majority Lenders), at the latest five (5) Business Days before the relevant Ratio Calculation Date, the ALCR, LLCR and DSCR.

• Ratio each of the LLCR and the PLCR and Ratios means both of them.

• The ALCR, LLCR and DSCR shall be conclusively determined by the Determination Lenders as being the average of the ratios proposed by the three Determination Lenders.

More Definitions of LLCR

LLCR means, for any Determination Date, an amount equal to the present value of the stream of Available Funds remaining after payment of clauses (i) through (x) of the Priority of Payments for any Payment Date plus the Note Interest with respect to the Class B Notes for such Payment Date, in each case as projected for the period commencing on such Determination Date through the last Final Maturity Date of the Class B Notes, based upon discounting such amounts to such Determination Date at a rate per annum equal to the weighted average Interest Rate of the Class B Notes divided by (ii) the aggregate Outstanding Note Balance of all Class B Notes as of such Determination Date.

LLCR. - means the Life of Loan Coverage Ratio, being, for any Quarter, the ratio of the Net Cash Flow in respect of such Quarter to the Total Debt for such Quarter;

LLCR has the meaning defined in schedule 8;

LLCR means the loan life cover ratio being, in relation to any Calculation Period, the ratio of N:D as shown in the then current Projection where: "N" is the net present value (as at the first day of that Calculation Period) of the aggregate of the Projected Net Revenues for that Calculation Period and for each Calculation Period occurring thereafter which ends on or before the Final Maturity Date, discounted at the discount rate determined in accordance with Clause 7 (Projections); and "D" is the aggregate amount of the Utilisations outstanding or, as the case may be, projected to be outstanding on the first day of that Calculation Period.

LLCR. (Loan Life Cover Ratio) means, in relation to any Calculation Date, the ratio of: the sum of the Discounted Cashflow for Debt Service and any Balance of [the DSRA][and] [the Operating Account] (without double counting) on such Calculation Date; to the aggregate principal amount outstanding under the Facilities [and any pari passu Financial Indebtedness scheduled for repayment [or reduction] on or before the Final Maturity Date] on such Calculation Date, in each case, having taken into account all repayments to be made on such Calculation Date.]49

LLCR means the ratio of (a) Discounted Cash Flow from Operations for the period from the date of determination to the final maturity date of the Indebtedness of or guaranteed by ADM referred to in (b) below determined on a consolidated basis plus the amount of any reserves, including any Capital Costs Reserve Amount, set aside by ADM for the purpose of financing ADM's portion of capital expenditures of the Joint Venture (but excluding such amounts, if any, in the Capital Costs Reserve Amount that relate to ADM's portion of any capital expenditures are being financed as Capitalized Lease Liabilities entered into by the Manager on behalf of the Joint Venture) and which are held in the Proceeds Account or another segregated account subject to a first-ranking Lien in favour of the Collateral Agent, to (b) the sum, without duplication, of the aggregate amount outstanding under all Indebtedness of or guaranteed by ADM (including Indebtedness in respect of the Credit Facilities) determined on a consolidated basis (assuming the Revolving Credit Facility and all other revolving credit facilities of or guaranteed by ADM are fully drawn) which is due and payable prior to the final maturity date of such Indebtedness less (a) the Debt Reserve Amount on deposit in the Proceeds Account and (b) such amounts (if any) in the Capital Costs Reserve Amount that relate to ADM's portion of any capital expenditures that are being financed as Capitalized Lease Liabilities entered into by the Manager on behalf of the Joint Venture.

LLCR means, for any Calculation Date and as set forth in the applicable Banking Case (or Exceptional Banking Case), the ratio of: