Loan Life Coverage Ratio definition
Loan Life Coverage Ratio means, at any Calculation Date and without duplication, the ratio of:
Loan Life Coverage Ratio means, with respect to the incurrence by any Obligor of any proposed Funded Debt, the ratio of A to B, where:
Loan Life Coverage Ratio or “LLCR” means, for any Calculation Date and as set forth in the applicable Banking Case (or Exceptional Banking Case), the ratio of:
Examples of Loan Life Coverage Ratio in a sentence
The Borrower shall at all times maintain the Loan Life Coverage Ratio to be greater than 1.30:1 and shall calculate such ratio as at each Calculation Date.
More Definitions of Loan Life Coverage Ratio
Loan Life Coverage Ratio means, as of any date of determination, the ratio of (i) Net Present Value of Future Cash Flow for the period commencing with the Calculation Date on or after such date of determination and ending on the Maturity Date to (ii) the aggregate amount of Indebtedness outstanding or forecast to be outstanding under the Debt Facilities (calculated as of such date of determination using the Financial Model as then in effect) less the balances standing or forecast to be standing in the Capex Reserve Account and the Debt Service Reserve Account at each Calculation Date from the date of determination until the Maturity Date.
Loan Life Coverage Ratio means, as of any date, the ratio of (a) the net present value of the projected Available Cash Flow (as reflected in the then current Base Case Financial Model) until the Maturity Date, discounted by the Discount Rate to (b) the principal amount of the outstanding Loans on the date of calculation less the amounts then standing to the credit of the Debt Service Reserve Account. In calculating the Loan Life Coverage Ratio it shall be assumed that all payment and all transfers among the Proceeds Account and the Debt Service Reserve Account due to be made are in fact made.
Loan Life Coverage Ratio means, as of any date of determination, the ratio of (a) Net Present Value of Future Cash Flow for the period commencing with such date of determination and ending on the Maturity Date to (b) the Outstanding Amount on such date of determination.
Loan Life Coverage Ratio or "LLCR" is amended as follows:
Loan Life Coverage Ratio means, as of any date, the ratio of (a) the sum of (i) the net present value of the projected Available Cash Flow (as reflected in the then current Base Case Financial Model) until the Maturity Date, discounted by the Discount Rate and (ii) the amount of Cash and Cash Equivalents on deposit in the Proceeds Account on the day immediately preceding such Payment Date to (b) the principal amount of the outstanding Loans on the date of AMERICAS/2024013442.2 Exhibit A-1-1 Contango Ore – Amendment No. 11 and Waiver No. 8 calculation less the amounts then standing to the credit of the Debt Service Reserve Account. In calculating the Loan Life Coverage Ratio it shall be assumed that all payment and all transfers among the Proceeds Account and the Debt Service Reserve Account due to be made are in fact made.
Loan Life Coverage Ratio means, for any period, (i) the sum of Cash Available for Debt Service for all remaining Scheduled Debt Service Payment periods, divided by (ii) the sum of all remaining unpaid Scheduled Debt Service Payments.
Loan Life Coverage Ratio or “LLCR” for either Tranche, in relation to any Determination Period (or any day falling in that Determination Period), the ratio of: