Minimum DSCR Extension Hurdle definition

Minimum DSCR Extension Hurdle means, for the applicable Option to Extend, the corresponding ratio set forth below: Applicable Option to Extend Minimum DSCR Extension Hurdle First Option to Extend 1.25:1.00 Second Option to Extend 1.30:1.00 Third Option to Extend 1.35:1.00
Minimum DSCR Extension Hurdle means the following ratio: 1.65:1.00:

Related to Minimum DSCR Extension Hurdle

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Grace Period Extension Date means, if:

  • 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.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Debt service extension base means an amount equal to that

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Extension Conditions Defined in Section 3.06(a).

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Extension Term means the time period defined in §2.C.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Extension limitation means (a) the lesser of 5% or the

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.