Minimum Collateral Coverage Ratio definition

Minimum Collateral Coverage Ratio means a ratio of 1.5 to 1.0.
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Minimum Collateral Coverage Ratio means the ratio of (a) (i) NFLV – Parras Cone Machinery and Equipment plus (ii) FMV – Parras Cone Land and Buildings to (b) Consolidated Funded Senior Debt.
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Minimum Collateral Coverage Ratio has the meaning set forth in Section 7.7(c).
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Examples of Minimum Collateral Coverage Ratio in a sentence

  • The aggregate Collateral Value of such Mortgaged Properties as of the Closing Date shall be sufficient to cause the Collateral Coverage Ratio to be at least the Minimum Collateral Coverage Ratio on the Closing Date.

Related to Minimum Collateral Coverage Ratio

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Asset Coverage Ratio means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a) the Value of total assets of the Borrower and its Subsidiaries, less all liabilities (other than Indebtedness, including Indebtedness hereunder) of the Borrower and its Subsidiaries, to (b) the aggregate amount of Indebtedness of the Borrower and its Subsidiaries.

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Interest Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.