Loan Life Cover Ratio definition

Loan Life Cover Ratio or "LLCR" means the ratio of A to B with:

Loan Life Cover Ratio or “LLCR” means, in respect of any Calculation Date falling after the Interest Payment Date falling in 30 June 2023, the ratio of “A” to “B” where:

Loan Life Cover Ratio or “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 Loan Life Cover Ratio in a sentence

• From January 2021, net working capital excluding credit facility amounts due and warrant liabilities, is in excess of $10,000,000 and the amount of its Unrestricted Cash is greater than $5,000,000;(iii) the Debt Service Cover Ratio is greater than or equal to 1:5 to 1.00 from July 2021;(iv) the Total Debt to Equity Ratio is less than 60 to 40;(v) Loan Life Cover Ratio is greater than 2.00 to 1.00; and(vi) the Reserve Tail Ratio is greater than 30%.

• The most critical debt covenants in the facility agreement stipulate that after the start of operations and during the duration of the loan, SVE is obliged every June and December before the scheduled debt repayments to provide proof of meeting the following financial parameters: Loan Life Cover Ratio (LLCR) equal or above 1.05, Average Debt Service Cover Ratio (ADSCR) equal or above 1.10 and Debt to Equity Ratio equal or below 83%/17%.

• In a project finance, three parameters typically limit the size of the facilities; (1) absolute project gearing, (2) Debt Service Cover Ratio (DSCR) at 1.8-2.2 times; and (3) Loan Life Cover Ratio (LLCR) at 1.8-2.2 times the present value of future cash flows.

• The Loan Life Cover Ratio must be greater than 1.80:1 until December 31, 2024, and no less than 1.30:1 thereafter.On May 16, 2022, WPC received USD$35,164,492 (equivalent of $45,319,997) as the first tranche of the Total Commitments (the “First Utilization”).

• Promptly following the occurrence of such an event the Developer shall calculate the [Senior Debt Loan Life Cover Ratio.] The Agent and the Developer shall notify the County in writing as to the applicable calculations together with all relevant facts in order for the County to verify the accuracy of the calculation.

More Definitions of Loan Life Cover Ratio

Loan Life Cover Ratio means the ratio of A to B where, on any Calculation Date:

Loan Life Cover Ratio shall have the meaning given to it in the Senior Financing Agreement;

Loan Life Cover Ratio means, at any Calculation Date, the ratio of:

Loan Life Cover Ratio has the meaning given to it in the CTA and is set out in row 9182 of the tab "C01_Workings" of the Effective Date Financial Model; Lock-In Period means the period from the Effective Date until the Responsibility Transfer Date; Losses means all damages, losses, liabilities, costs, expenses (including legal and other professional charges and expenses), and charges whether arising under statute, contract or at common law or in connection with judgments, proceedings, internal costs or demands and Loss shall be construed accordingly;

Loan Life Cover Ratio at any time means the ratio of:

Loan Life Cover Ratio means, on any Test Date, the ratio of:

Loan Life Cover Ratio means, at any date, the ratio, of; • present value of Cash Available for Debt Service from the period commencing on such date and ending on the final maturity date of the Loan discounted at the weighted average interest rate per annum of the Loan and the Parallel Loan; to • the aggregate principal amount of all outstandings under the Loan and the Parallel Loan at such date less the aggregate principal amount of the Parallel Loan scheduled to be repaid after the final maturity date of the Loan.