Minimum DSCR definition

Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.
Minimum DSCR means, with respect to a Supplemental Loan,
Minimum DSCR means a DSCR of 1.15 to 1.0.

Examples of Minimum DSCR in a sentence

  • The Borrower shall not at any time permit the Debt Service Coverage Ratio to be less than the Minimum DSCR Hurdle.

  • Pursuant to the Credit Agreement, the undersigned hereby certifies to the Administrative Agent and the Lenders that Schedule 1 attached hereto accurately and completely sets forth the calculations required to establish compliance with the Minimum DSCR Hurdle as of the date set forth on Schedule I.

  • A "CASH TRAP EVENT" shall occur as of any Calculation Date when (x) the Debt Yield is less than the Minimum Debt Yield or (y) the Debt Service Coverage Ratio is less than the Minimum DSCR, in each case for the trailing twelve (12) month period ending on such Calculation Date and shall continue to exist until such time as the Minimum Debt Yield and the Minimum DSCR tests have been satisfied for three (3) consecutive Calculation Dates (on a trailing twelve (12) month basis) following such Calculation Date.

  • If as of the last day of any calendar quarter the Debt Service Coverage Ratio is less than the Minimum DSCR, Lender will apply any amounts in the Cash Trap Reserve to payment of the Loan on the next Payment Date (including any required Yield Maintenance).

  • So long as no Event of Default exists, a Cash Trap Condition occurring due to a Debt Service Coverage Ratio of less than the Minimum DSCR Threshold shall be deemed cured if the Properties achieve a Debt Service Coverage Ratio of not less than the Minimum DSCR Ratio for two consecutive Calendar Quarters after the occurrence of the Cash Trap Condition, measured at the end of each such two consecutive Calendar Quarters (each a “Cash Trap Cure”).


More Definitions of Minimum DSCR

Minimum DSCR means the DSCR at the last day of each fiscal quarter of the Borrower that is at least 1.00x.
Minimum DSCR means 1.20x.
Minimum DSCR means 1.20:1.0.
Minimum DSCR means 1.15:1.
Minimum DSCR means 1.20:1.
Minimum DSCR has the meaning set forth in the Loan Agreement.
Minimum DSCR means 1.15:1, for any full calendar quarter.